EUR/USD clings to gains around 1.1200; focus is on US Midterms
EUR/USD looks to consolidate its daily gains, navigating around the 1.1200 region on Tuesday. The pair’s marginal advance comes on the back of the equally humble gains in the US Dollar, as investors remain cautious ahead of the US Midterm elections, with results expected to start emerging early on Wednesday in Europe.
GBP/USD extends the upside momentum past 1.3400
GBP/USD adds to its ongoing multi-day positive streak, managing to reclaim the area beyond 1.3400 the figure on turnaround Tuesday. Indeed, Cable’s continuation of the uptrend follows the Greenback’s inconclusive price action as the US Midterm elections are under way, while bets for a rate hike by the BoE on Thursday also underpins the upbeat tone.
AUD/USD weakens to two-week lows near 0.6960
AUD/USD clinches its second consecutive daily pullback as market participants continue to assess the RBA’s rate hike earlier in the day. Indeed, the pair slipped back toward the 0.6960 zone, or multi-day troughs, following the less-hawkish-than-expected message from the RBA after it hiked the OCR by 25 bps, as widely anticipated.
Crypto Today: Bitcoin, Ethereum, XRP under pressure as investors pull capital
Bitcoin trades downward at $76,566 on Tuesday, testing six-week lows. Ethereum, like Bitcoin, trades under pressure as it consolidates within a narrow support range. Meanwhile, Ripple hovers marginally above $1.25.
DEEPER DIVE
The 2% inflation target came from a throwaway remark. It now moves trillions
Warsh is cutting the Fed's rate meetings. Fewer decisions, bigger moves
The Fed can't fix this inflation. It's a mechanical weight, not a demand problem
CRYPTOCURRENCIES
Ripple clings to $1.25 support as Binance reserves hit five-year low
XRP bulls gather around $1.25, eyeing a short-term recovery attempt as the broader crypto market consolidates. Binance's XRP reserves fall sharply, reaching the lowest level since 2021 following the resumption of withdrawals on the exchange.
Crypto Today: Bitcoin, Ethereum, XRP under pressure as investors pull capital
Bitcoin trades downward at $76,566 on Tuesday, testing six-week lows. Ethereum, like Bitcoin, trades under pressure as it consolidates within a narrow support range. Meanwhile, Ripple hovers marginally above $1.25.
Bitcoin risks deeper losses as the 200-day EMA comes under pressure
Bitcoin slips toward the key support zone around $76,455 on Tuesday, after falling nearly 2% the previous day. The largest cryptocurrency by market capitalization nears a make-or-break level, with a daily close below $76,455 suggesting a deeper breakdown.
STOCKS
Strong iPhone sales fortify Apple's Q4 result
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 President Donald Trump judgment day has come
European Central Bank faces 3-year-high inflation at 3.8%
Gold: Bears dominate even as US yields push lower ahead of midterm election
Bitcoin: Binance security breach and hawkish Fed push BTC lower
US Dollar: A hawkish Fed is no longer enough
Week ahead – Central bank and earnings bonanza could roil markets
Fed, ECB and BoJ to sit on the sidelines after September hikes. But RBNZ and BoC poised to lift borrowing costs. Inflation data out of the US, Japan, Australia to also be important.
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
FP Trading Launches Mobile App Bringing TradingView-Powered FP Trader to iOS and Android
FP Trading has introduced a mobile app designed to make trading easier to reach and easier to manage.
Introducing the TradingPRO Learning Hub: Learn trading step by step
Every trader starts somewhere. For some, it is a first look at a price chart and a long list of unfamiliar terms. For others, it is years of experience and a wish to tighten up a few habits. Whatever your starting point, good education is what separates guessing from making informed decisions.
Velaris Markets prop challenges start at $29 for a $2,500 simulated account
Each service has its own terms; the prop service uses demo accounts and is not a brokerage service.