EUR/USD clings to gains 1.1200 but risk-aversion limits upside
EUR/USD holds its ground and clings to small gains near 1.1200 after closing in positive territory on Thursday. While ECB President Lagarde's hawkish tone at the post-meeting press conference supports the Euro, the risk-averse market atmosphere, as reflected by the sharp decline seen in US stock index futures, caps the pair's upside. Later in the session, third-quarter GDP growth data from the Eurozone will be watched closely by market participants.
Gold bears retain control below $4,000 as hawkish Fed bets back further losses
Gold extends its intraday breakdown momentum below the $4,000 psychological mark through the early European session on Friday, eyeing the monthly swing low amid hawkish US Federal Reserve expectations. US macro data on Thursday pointed to resilient economic growth and persistent price pressures, solidifying bets of an imminent Fed rate hike in December. This is seen as undermining the non-yielding bullion for the second straight day and backing the case for further depreciation.
Japanese Yen stays resilient after BoJ maintains status quo
The Japanese Yen stays resilient against its major rivals on Friday, with USD/JPY trading in negative territory below 157.50. The Bank of Japan (BoJ) decided to leave monetary policy settings unchanged at the October meeting, as expected. In the post-meeting press conference, BoJ Governor Ueda reiterated that they will continue to raise the policy rate and adjust the degree of monetary easing in reponse to economic activity and prices.
GBP/USD trades below 1.3400; remains close to monthly top amid BoE rate hike bets
GBP/USD retains positive bias for the third straight day, trading below 1.3400 and the monthly top heading into Friday’s European session. Firming November BoE rate hike expectations continue to act as a tailwind for the British Pound. However, geopolitical uncertainties and hawkish Fed bets underpin the US Dollar, capping upside for the currency pair.
DEEPER DIVE
A hot US economy is supposed to sink Gold. It didn't. Here's why
One letter could revive Gold's peace trade
The hawkish Fed can't lift the US Dollar anymore
CRYPTOCURRENCIES
Binance likely hacked for an estimated $6B, on-chain data shows
Ethereum Price Forecast: ETH dips as US PCE inflation reinforces December rate hike
Ethereum fell below $2,300, down 4.8% on Thursday following a rise in US Personal Consumption Expenditure inflation. The PCE Price Index climbed 0.5% MoM and 3.6% YoY in September, matching market forecasts. Core PCE, which excludes volatile energy and food prices, increased by 0.3% monthly and 3.1% yearly, also in line with expectations.
XRP drops 6% despite Ripple's projected $900M annualized revenue
STOCKS
Tesla bulls look like they're back after the July sell-off
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: Next bounce could be a trap
What would a Republican sweep mean for Gold and Treasury yields?
The United States midterm elections, scheduled for November 3, could trigger a major repricing of the US Dollar, Treasury yields, and Gold, but the outcome is not predetermined.
Gold: Inflation fears attract bears ahead of critical Fed meeting
Gold failed to benefit from falling US Treasury bond yields and closed the week deep in negative territory as rising energy prices fed into inflation fears. The Federal Open Market Committee meeting and third-quarter Gross Domestic Product growth data from the United States could ramp up the precious metal’s volatility.
Bitcoin extends pullback as ETF inflows clash with risk-off sentiment
Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds recording $442.67 million in net inflows through Thursday.
Americans have never felt this broke, and the stock market is at a record. Both are true
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
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.
Blockchain Life 2026 Returns to Dubai with 15,000 Attendees from 130 Countries
On December 1–2, Blockchain Life 2026 will once again bring the global crypto industry together in Dubai: 15,000+ attendees from 130+ countries, 200+ speakers, and 200+ sponsors.