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EUR/USD recovers to 1.1200, supported by risk-on mood

EUR/USD gains traction in the European session on Monday and trades in positive territory near 1.1200. The US Dollar (USD) weakens as the market sentiment improves, with a rebound seen in US stock index futures. Investors await ISM Manufacturing PMI data from the US, ahead of Tuesday's critical midterm elections.

GBP/USD extends recovery above 1.3400 on broad USD weakness

GBP/USD clings to a bullish stance at the beginning of the week and trades in positive territory above 1.3400. The US Dollar (USD) remains under bearish pressure amid a positive shift seen in risk mood and helps the pair push higher. On Tuesday, midterm elections will be held in the US. Later in the week, the Bank of England will announce its monetary policy decisions.

Gold trims intraday gains; trades below $3,900 as Fed hike bets counter weak USD

Gold trims part of its modest intraday gains, trading with a mild positive bias below the $3,900 mark during Monday’s early European session. The US Dollar attracts fresh sellers amid optimism over a potential diplomatic breakthrough to end the US-Iran war and offers some support to the commodity. Meanwhile, US Federal Reserve rate-hike bets remain firmly on the table amid energy-driven inflation concerns, keeping the non-yielding yellow metal near the October 2025 low touched on Friday.

Dogecoin risks deeper slide as whales diverge

Dogecoin hovers around $0.075 on Monday after falling for the fifth consecutive week since the end of September. Santiment data shows diverging whale activity, as large holders reduce their positions while smaller whale wallets accumulate tokens. Meanwhile, weakening on-chain metrics and a deteriorating technical outlook suggest that DOGE could remain vulnerable to further losses.

LATEST NEWS

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DEEPER DIVE

The 2% inflation target came from a throwaway remark. It now moves trillions

The Federal Reserve's 2% inflation goal grew out of an off-the-cuff remark by a New Zealand politician in 1988. Bond investors still price long-term US debt as if 2% holds, so a change in how the Fed measures inflation would move markets.

Warsh is cutting the Fed's rate meetings. Fewer decisions, bigger moves

Federal Reserve Chair Kevin Warsh will drop the interest rate vote from one Fed meeting a year in 2027 to two in 2028. More news will pile up before each remaining decision, so each should move rates and bond yields further. From the fall of 2027, the Fed will vote on interest rates at seven of its eight yearly meetings instead of all eight, and in 2028 at six.

The hawkish Fed can't lift the US Dollar anymore

About three more Federal Reserve hikes are already priced in, and the central banks behind the Euro, Pound, Yen and Loonie are raising rates or about to. That leaves the US Dollar Index with little to gain if the Fed keeps leaning toward higher rates.

CRYPTOCURRENCIES

Cardano Price Forecast: ADA defends key support level amid mounting bearish pressure

Cardano continues to consolidate above its $0.1894 support level on Monday, stabilizing after roughly an 8% loss on last Thursday. On-chain data shows reduced activity among large-wallet investors, commonly referred to as whales, despite a rise in Cardano’s social chatter.

Solana Price Forecast: SOL slides below key EMAs as ETF outflows peak

Solana remains under pressure on Monday, hovering around $95.48 after extending its losing streak to five consecutive weeks. Bearish sentiment strengthens as SOL’s spot Exchange Traded Funds recorded weekly outflows of $71.47 million, marking the largest withdrawals since their launch.

Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP rebound as November begins after a losing October

Bitcoin, Ethereum, and Ripple recover slightly on Monday after closing October with four straight weeks of losses. BTC climbs above $78,462 after finding support around its key support zones, while ETH rebounds above $2,295 but remains below key Exponential Moving Averages, keeping its near-term outlook bearish.

STOCKS

NASDAQ 100 not yet in correction, but it's getting close

The NASDAQ 100 topples 3% on Friday on a wave of AI stock selling stemming from the disastrous Amazon (AMZN) and Intel (INTC) earnings reports released late Thursday. Coming off the previous session's Alphabet (GOOGL) earnings-induced slide and a horrid October, growth investors might be surprised to know that the NDX isn't yet in a correction.

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

The EUR/USD pair settled around 1.1160, down for the week and closing October with losses. The US Dollar (USD) advanced through the first half of the week but changed course after the Federal Reserve (Fed) monetary policy announcement, then fell further after the European Central Bank (ECB) reported the same decision. The Greenback regained some poise on Friday, as risk aversion took the lead.

European Central Bank faces 3-year-high inflation at 3.8%

The European Central Bank (ECB) faces a difficult monetary policy environment as Eurozone inflation reached 3.8% in September, its highest level in three years and almost twice the central bank's 2% target.

Gold: Bears dominate even as US yields push lower ahead of midterm election

Gold (XAU/USD) registered gains for the first three days of this week only to erase them in the second half and to drop to a fresh 2026-low below $3,900. Next week’s economic calendar will offer key macroeconomic data releases from the United States (US), which could trigger the next directional action in the precious metal.

Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.

US Dollar: A hawkish Fed is no longer enough

The US Dollar (USD) managed to regain some composure, ending the week with acceptable gains after surrendering some ground following earlier two-week highs. Indeed, the US Dollar Index (DXY), at some point in the last few days, popped to as high as the 102.50 zone, just to lose some momentum soon afterwards despite keeping its weekly bullish mood well in place.

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]

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.

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