EUR/USD at fresh 18-month low below 1.1100 ahead of US data
EUR/USD struggles to shake off the bearish pressure and trades at its lowest level in 18 months below 1.1100 on Thursday. Cautious remarks from European Central Bank officials weigh on the Euro, while hawkish Fed rhetoric boosts the US Dollar, forcing the pair to stay on the back foot. US Jobless Claims data and Fed/ ECB-speak awaited.
GBP/USD stays weak below 1.3300 despite upbeat UK data
GBP/USD is keeping the offered tone intact below 1.3300 in the European session on Thursday. The upbeat UK Q3 Gross Domestic Product (GDP) and September industrial figures fail to offer any incentive for the British Pound amid prevailing bullish sentiment surrounding the US Dollar. US Jobless Claims data and central bank talks are next in focus.
Gold falls below $4,000 as traders weigh a half-point Fed rate hike
Gold (XAU/USD) slips back below $4,000 on Thursday, giving up most of last week’s gains as bets on more aggressive Federal Reserve (Fed) interest rate hikes lift the US Dollar (USD) to a fresh year-to-date high.
MSCI drops Strategy from indexes: What it means for Bitcoin
Strategy and Bitcoin (BTC) came under fresh pressure late Wednesday after MSCI finalized its decision to remove the Bitcoin treasury company from its global indexes, raising concerns about potential selling pressure on MSTR shares and its future Bitcoin purchases.
DEEPER DIVE
What the US CPI headline doesn’t tell you about inflation
Brent crude has fallen about a third since mid-October on hopes the Iran war is ending, but diesel, freight and fertiliser costs haven't followed. Those costs reach US consumer prices in stages through 2027 and could keep inflation high after gasoline gets cheaper.
Why the US Dollar's rally isn't as strong as it looks
The Japanese Yen is doing something it hasn't done in ten weeks
CRYPTOCURRENCIES
Injective: Mounting selling pressure threatens a long-term support trendline
Bitcoin under pressure as MSCI removes Strategy from global indexes, puts billions in fund flows at risk
Bitcoin remains under pressure, trading below $73,800 on Thursday after correcting over 1.5% so far this week. Bearish sentiment grew after news on Wednesday that MSCI, the global index provider, announced it will drop Strategy and other BTC-holding companies from global indexes, putting billions in fund flows at risk.
MSCI drops Strategy from indexes: What it means for Bitcoin
Strategy and Bitcoin came under fresh pressure late Wednesday after MSCI finalized its decision to remove the Bitcoin treasury company from its global indexes, raising concerns about potential selling pressure on MSTR shares and its future Bitcoin purchases.
STOCKS
Semiconductor stocks rejoice after CoreWeave hikes guidance
CoreWeave (CRWV) has upended the bearish sentiment on Wednesday after beating Wall Street consensus for Q3 and hiking full-year guidance late Tuesday. The so-called neocloud posted third-quarter GAAP earnings per share of $-1.27, or 18% better than the average forecast. Revenue of $3.66 billion bested the average analyst estimate by $120 million.
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: Greenback holds firm despite looming US political stalemate
Canadian Dollar stares at 114.7K lost jobs and a Fed rate hike
Gold: Post-midterm elections relief rally loses momentum
Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss
US Dollar: The Dollar survives the midterms; now comes inflation
Week ahead – Inflation and geopolitics in focus as US political landscape shifts
Post-midterm election euphoria fizzles out as risk aversion prevails. US CPI, PPI and Fedspeak on the radar as Fed hike bets remain supported. Oil retreat pauses on mixed hopes about the ongoing conflicts.
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
Axi joins Babypips as an advertising partner through its trusted partner programme
The arrangement gives Axi an opportunity to introduce its trading services to Babypips’ established global audience through its advertising platform.
Maharashtra Minister Ashish Shelar addresses Unchained Summit India on digital innovation and asset tokenisation
Maharashtra’s Minister of Electronics, IT, AI & Cultural Affairs, Ashish Shelar addressed industry leaders at Unchained Summit India, held in Mumbai on 5–6 November, speaking about the role of emerging technologies in India's digital future, the importance of stronger legal frameworks, consumer prot
Versus Trade marks 11.11 Sale Day with special bonuses for traders
Forex and CFD broker Versus Trade is celebrating 11.11 Sale Day with a limited-time campaign offering eligible traders access to special bonuses and promotional rewards.