FXStreet - The Forex Market

AUD/USD remains offered around 0. 6950

AUD/USD has added to Wednesday’s decline, slipping back to the low 0.6900s just to grab some air afterwards and attempt a tepid bounce toward 0.6950 ahead of the opening bell in Asia on Friday. The Aussie’s extra weakness has come despite the Greenback receding modestly amid fresh improvement in the risk complex.

EUR/USD clings to gains around 1.1200

EUR/USD regains some traction and surpasses the 1.1200 barrier late on Thursday. The pair’s bounce follows a bout of selling interest hurting the US Dollar in response to President Trump’s comments that the US will not attack Iran before the midterm elections. Moving forward, the US advanced U-Mich Consumer Sentiment index will be the salient data release on Friday.

Gold clings to daily gains; still below $4,150

Gold regains some composure and climbs back to the vicinity $4,150 mark per troy ounce amid decent gains on Thursday. The yellow metal’s recovery follows some loss of momentum in the US Dollar strength and a decent drop in US Treasury yields across the curve.

XRP downtrend persists as EMA support strains while Binance reserves swell

Ripple (XRP) sellers are gaining ground on Thursday, as the token slips below $1.40. Sell-side pressure remains intense in the broader crypto market, as seen with leading digital assets, including Bitcoin (BTC) currently below $83,000 and Ethereum (ETH), sliding below $2,600. Despite the correction, XRP retains a constructive technical outlook, with support provided by a key moving average cluster.

LATEST NEWS

More Latest News

DEEPER DIVE

The UK 30-year gilt just hit a 1998 high. Is that good or bad for the British Pound?

The yield on the UK's 30-year government bond, or gilt, went through 6% on October 1 for the first time since early 1998, and on Monday the Pound was at its strongest against the Euro since June 2025. The gilt market's 28-year high is mostly someone else's. Since early May, the 30-year gilt yield has risen about 0.15 of a percentage point and the US 30-year about 0.7.

US mortgage rates just hit a three-year high four weeks before the midterms

Mortgage rates rose to their highest level in nearly three years in the United States (US), adding to the challenges facing the housing market and complicating US President Donald Trump's economic agenda less than four weeks before the November 3 midterm elections.

The S&P 500 is near all-time highs, but only a quarter of its stocks are above their 50-day average. What does that mean?

The S&P 500 is near all-time highs once again. On Tuesday, the most-watched index hit 7,844, surpassing the previous all-time high set on August 13, less than two months ago. But what wasn’t immediately clear to investors just staring at a candlestick chart was that the market’s breadth had completely reversed from that prior period.

CRYPTOCURRENCIES

Ripple risks losing the 50-day EMA support as exchange reserves rise

Ripple sellers are gaining ground on Thursday, as the token slips below $1.40. Sell-side pressure remains intense in the broader crypto market, as seen with leading digital assets, including Bitcoin currently below $83,000 and Ethereum, sliding below $2,600.

Crypto Today: Bitcoin, Ethereum, XRP extend sell-off amid ETF outflows

Bitcoin extends its decline below $83,000 on Thursday as heightened selling pressure weighs on the market. Leading altcoins, including Ethereum and Ripple, mirror the sector-wide pullback, with ETH dipping under $2,600 and XRP challenging support at $1.40.

Top Altcoins Price Forecast: Ripple, Cardano, Solana – Sellers in control flag further downside risk

Top altcoins, including Ripple, Cardano, and Solana, are facing near-term selling pressure, extending losses so far this week. Ripple and Solana witness reduced institutional support, while Cardano follows suit.

STOCKS

Elliott Wave view: Nikkei Futures (NKD) correction poised to attract buyers

The short‑term Elliott Wave view in Nikkei Futures shows the cycle from the July 29, 2026 low unfolding as a five‑wave diagonal. Wave 1 advanced to 69,660, followed by a corrective pullback in wave 2 that ended at 62,600. The Index then extended higher in wave 3, reaching 71,540.

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: EU inflation outpaces US price growth as ECB, Fed meetings loom

The US Dollar (USD) had yet another positive week, appreciating sharply against most of its major rivals. The EUR/USD pair fell for a fourth consecutive week and traded as low as 1.1215, a level last seen in May 2025. As the weekend approaches, the pair hovers around 1.1280 as the US Dollar Index (DXY) eases from an over one-year high.

France’s 10-year yield hits highest since 2002: This chart shows the market losing faith

France’s bond market is sending an increasingly uncomfortable message. The country’s 10-year government bond yield climbed as high as 4.96% on Thursday, reaching its highest level since July 2002 and moving within touching distance of the psychologically important 5% threshold.

Gold: Precious metal extends slide but safe-haven flows limit losses

Gold (XAU/USD) started the week under immense bearish pressure but managed to stabilize. Investors will remain focused on the action in global bond markets in the near term. Meanwhile, the precious metal’s technical outlook suggests that sellers are likely to retain control.

Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin (BTC) extends its gains, trading near $86,000 at the time of writing on Friday after closing September 6.33% up, reversing its seasonal weakness. Historical data suggest October could be a strong month for BTC, especially after a positive September.

US Dollar: Rally faces next test as inflation retakes centre stage

The US Dollar’s (USD) rally remained everything but abated, climbing for the third consecutive week and reaching levels last seen in April 2025. The move higher came on the back of a mixed performance in US Treasury yields, extending their rally in the belly and long end of the curve while losing some momentum at the short end.

Week ahead – Fed minutes in the spotlight amid bond market rout

Energy crisis and soaring bond yields to stay in driver’s seat in quiet week. Fed minutes eyed after drop in October rate hike bets. ISM services PMI and Treasury auctions to be watched too. Canadian employment, Japanese wages and ECB minutes also on tap.

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.

FXStreet - The forex market