AUD/USD: Recovery appears capped by 0.7000
AUD/USD has reversed a multi-day positive streak, briefly revisiting the 0.6940 region before trimming part of those gains to end the day modestly on the back foot. The better tone in the Greenback has kept the pair under pressure, which has so far met decent contention in the vicinity of the 0.6900 zone. Moving forward, the Melbourne Institute’s Consumer Inflation Expectations is next on tap in Oz.
EUR/USD remains under pressure; next down comes 1.1100
EUR/USD trades with marked losses around the 1.1200 neighbourhood following the closing bell on Wall Street on Wednesday. The pair’s bearish performance comes amid extra gains in the US Dollar, unabated geopolitical tensions and steady concerns surrounding France’s fiscal policy.
Gold trims losses, back above $4,100
Gold now manages to regain some balance, returning to the area above the key $4,100 mark per troy ounce following the closing bell in Europe on Wednesday. The yellow metal’s sharp pullback comes in tandem with marked gains in the US Dollar and a marked bounce in US Treasury yields across the curve.
Bitcoin vs Gold: BTC and XAU fall amid macro headwinds, but Ray Dalio still prefers Gold
DEEPER DIVE
The UK 30-year gilt just hit a 1998 high. Is that good or bad for the British Pound?
The New Zealand Dollar sits near a one-year low after six straight weekly losses. This chart shows the key support that could decide what comes next
The New Zealand Dollar (NZD) is approaching a potentially decisive moment after six consecutive weeks of losses against the US Dollar (USD).
The market is pricing a BoJ pause. Here's why Ueda's 'keep raising rates' could force a sharp Yen repricing
CRYPTOCURRENCIES
Ripple tumbles as sell-side pressure intensifies
Ripple edges lower and trades at $1.45 on Wednesday, as headwinds intensify across the crypto market. Major crypto assets remain in bearish hands, with Bitcoin falling below $84,000 and Ethereum below $2,800.
Crypto Today: Bitcoin, Ethereum and XRP fall liquidating $550M
Bitcoin’s correction follows a recent rejection due to supply around $87,200. Altcoins are generally in a correction trend, as Ethereum edges lower toward the next key support at $2,600 and Ripple extends its down leg near the $1.45 demand area.
Polygon extends decline as shutdown rumors fuel panic selling
Polygon is down nearly 5% on Wednesday, amid selling pressure linked to rumors of a network shutdown sparked by a social media post. Derivatives data shows a sell-side dominance as Open Interest declines 13% over the last 24 hours while funding rates flip negative.
STOCKS
S&P 500 (SPX) pushing toward fresh highs in wave ((v))
The short-term Elliott Wave view in the S&P 500 indicates that the cycle from the March 30, 2026 low remains active, unfolding as a five-swing diagonal structure. From that low, wave ((i)) concluded at 7620.9, followed by a corrective decline in wave ((ii)) which ended at 7237.85. The Index then resumed its upward trajectory, advancing in wave ((iii)) toward 7816.7.
Nasdaq 100 rebound looks strong… or is it just a trap?
The Nasdaq 100 spent the past few sessions recovering strongly from its November lows, rebounding from 24,307 and climbing back into the 25,100–25,150 mid-range zone. While the candles look convincing, the broader picture reveals a different story: the index remains trapped inside a 4H range structure.
WEEKLY FORECAST
EUR/USD: EU inflation outpaces US price growth as ECB, Fed meetings loom
France’s 10-year yield hits highest since 2002: This chart shows the market losing faith
Gold: Precious metal extends slide but safe-haven flows limit losses
Bitcoin: Is BTC setting up for an Uptober rally?
US Dollar: Rally faces next test as inflation retakes centre stage
Week ahead – Fed minutes in the spotlight amid bond market rout
Energy crisis and soaring bond yields to stay in driver’s seat in quiet week. Fed minutes eyed after drop in October rate hike bets. ISM services PMI and Treasury auctions to be watched too. Canadian employment, Japanese wages and ECB minutes also on tap.
EDUCATION
How economic uncertainty changes bullion buying patterns across generations
When the economy becomes uncertain, investors react differently depending on their goals and circumstances. But, generally, periods of high inflation, market volatility, or geopolitical tension push investors to look beyond traditional assets for ways to diversify and manage uncertainty.
![You’re watching pre-market levels wrong [Video]](https://editorial.fxsstatic.com/images/i/Fear-2_Medium.png)
You’re watching pre-market levels wrong [Video]
If you trade NQ, you’ve probably been told to watch the pre-market high and pre-market low. That part is easy. The harder question is: what are you actually supposed to do when price gets there? Most traders react too quickly, and that’s usually where the trouble starts.
PRESS RELEASES
PropLaunch partners with Axcera and RUBIK to simplify prop firm launches
Partnership combines operating support, technology infrastructure and specialist risk expertise for entrepreneurs launching proprietary trading firms.
FxPro goes off-script with new global ‘A Real Pro Trader’ campaign
Award-winning broker swaps AI and industry clichés for a comedy casting session celebrating what it really means to trade like a Pro.
Tokenization is already reshaping capital markets
Nasdaq, NYSE, BlackRock and J.P. Morgan are building tokenized assets into the core of global finance and Blockmaze provides the regulated infrastructure that lets brokers, exchanges and asset owners take part.