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AUD/USD trims losses, still near 0.6900

AUD/USD remains well on the defensive, adding to Wednesday’s pullback and trading close to the key 0.6900 contention zone ahead of the opening bell in Asia. Discouraging prints from the Australian labour market report have weighed on the Aussie, which has remained unable to take advantage from the marked pullback in the Greenback.

EUR/USD remains bid above 1.1200; waits for Warsh

EUR/USD keeps its bullish stance in place, navigating the area beyond 1.1200 the figure following Thursday’s NA closing. The US Dollar’s sharp decline has allowed the pair to rebound from 17-month lows and get some breathing room, while investors gear up for upcoming comments from the Fed’s Warsh at the IMF-World Bank event on Friday.

Gold: Upside remains capped by $4,200

Gold regains the smile and leaves behind three consecutive days of losses, advancing to the $4,170 region per troy ounce on Thursday. The precious metal’s recovery comes amid the fresh offered stance in the Greenback and declining US Treasury yields while investors remain cautious ahead of the Fed’s Warsh speech on Friday.

Bitcoin rebounds to $82,000 as PPI hits 6.3%, nearly $1B liquidated

Bitcoin (BTC) recovered near $82,000 on Thursday after briefly falling below $80,000, paring losses triggered by hotter-than-expected US inflation data. September PPI inflation rose 6.3% YoY, exceeding forecasts of 5.3% and marking its second-highest level since November 2022. Core PPI inflation climbed to 5% annually, above expectations of 4.4%.

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DEEPER DIVE

Everyone's dumping Gold after hot US inflation. Here's why $4,100 could be a floor, not a cliff

Gold (XAU/USD) is recovering from a sharp sell-off triggered by hotter-than-expected United States (US) inflation data released on Wednesday. The precious metal briefly plunged toward $4,073 as investors increased their bets on further Federal Reserve (Fed) interest rate hikes before recovering as US Treasury yields and the US Dollar (USD) reversed their initial gains.

Stock futures just went red on the CPI. Here's what the bond market is pricing that equities haven't caught up to

Since late June, the bond market has been pricing in a Federal Reserve (Fed) that keeps raising rates into 2027, and most US stocks have already been marked down for it. The S&P 500 hasn't, because a handful of AI-linked giants make up much of the index and their prices haven't followed the rest.

The Iran war will eventually end. Tariffs won't. Here's the problem

Two cost shocks are in the September Consumer Price Index (CPI), and they have different half-lives. Energy is up 20.4% on the year and accounts for about 1.3 points of the 3.7% headline, and that shock reverses when Oil does: Brent was back at its pre-war price on July 1 and above $100 again by the end of the month, after the ceasefire collapsed on July 8.

CRYPTOCURRENCIES

XRP turns bearish as US inflation jitters hit crypto

Ripple is stuck in a bearish trend, trading near $1.30 on Thursday. The remittance token’s bearish shift reflects the broader cryptocurrency market, which remains under heavy selling amid concerns about accelerating inflation in the US.

Pi Network extends losses ahead of Protocol v28 Mainnet upgrade

Pi Network (PI) trades around $0.0780 at press time on Thursday, rising from $0.0740 earlier in the day. Pi Mainnet is scheduled for the Protocol v28 upgrade on Friday, focusing on data handling and smart contract maintenance.

Crypto Today: Bitcoin, Ethereum and XRP test short-term support amid market-wide selling

Cryptocurrency prices remain under intense selling pressure on Thursday, with Bitcoin struggling to hold above $81,000 after testing its key demand area near $80,000. Ethereum reflects Bitcoin’s weakening technical outlook, edging lower below $2,400.

STOCKS

Nike targets potential support at $35–$30 as selling pressure intensifies

Nike has been falling sharply over the past few months, making new lows and breaking below 2025 levels, which suggests the price may now be targeting levels not seen since 2016. Despite the ongoing decline, this could still be the late stage of a higher-degree wave C, potentially allowing for a more meaningful rebound toward the end of this year or early 2027.

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: US Dollar persistent demand hints at a test of 1.1000

The EUR/USD pair maintained its bearish route, edging lower for a fifth consecutive week. The pair traded as low as 1.1161 before trimming some losses, settling on Friday at around 1.1210. Financial markets were once again all about US Dollar (USD) momentum and risk aversion, with government bond yields stealing the limelight while hitting multi-decade highs.

Scott Bessent has a plan to cut mortgage rates. It hinges on one war

US Treasury Secretary Scott Bessent's plan to lower borrowing costs has two parts. One is buying back more long-dated government bonds. The other is getting past the war with Iran; after that, he has reportedly said rates should drop. The 30-year mortgage rate is at its highest in almost three years, and the bond yield it follows has added very little for war-driven inflation.

Gold: Precious metal finds support but upside potential remains limited

After bearish action seen in the first half of the week, Gold (XAU/USD) staged a recovery to end the week marginally higher. September inflation data from the United States (US) and headlines surrounding the Middle East conflict could drive the precious metal’s action in the near term. Gold struggled to make a decisive move in either direction on Monday and ended the day virtually unchanged.

Bitcoin: Uptober or Rektober?

Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.

US Dollar: December is calling, but CPI gets the final word

The US Dollar (USD) kept its bullish bias well in place for yet another week, extending its march north while revisiting an area last seen 18 months ago. The continuation of the leg higher in the buck has been underpinned by steady bets on further tightening by the Federal Reserve (Fed) in Q4, alongside radio silence on the Middle East conflict.

Week ahead – US CPI, France’s budget crisis and Q3 earnings to set the market tone

US CPI and retail sales will shape Fed hike expectations. France’s fiscal crisis adds pressure on the euro and ECB. Australian jobs figures and UK data to test RBA and BoE hike bets. IMF-World Bank meetings and Q3 bank earnings may enhance volatility.

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]

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.

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