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The EUR/USD pair made a minor downward correction in the last session, dropping 0.2%. According to the RSI, the market is currently oversold.
The dollar gained 0.4% against the yen in the last session. The MACD is giving a positive signal.
The Gold/Dollar pair gained 0.5% in the last session. According to the CCI, the market is currently overbought.
Nike's stock rose 2.2% in the last session. The CCI is giving a positive signal.
The Canadian dollar rose against its US counterpart as investors assessed the Bank of Canada's potential policy easing. US stocks were mixed, and gold gained strength as bank earnings exceeded expectations. Spain's benchmark IEX closed at its highest since January 2010, following a rally of over 18% this year.
Key economic events to look out for include:
The Bitcoin/USD pair skyrocketed by 1.1% in the last session. The Ultimate Oscillator is giving a positive signal.
Nike shares gained 1.1% in the last session. According to the Stochastic RSI, the market is currently oversold.
The AUD/USD pair saw a minor dip of 0.2% in the last session. The CCI is giving a positive signal.
Gold gained 0.4% against the dollar in the last session. The Stochastic indicator is giving a positive signal.
Gold edged higher, lifted by retreating treasury yields, while investors cautiously awaited more data that could offer fresh clues on the Federal Reserve's monetary easing cycle. Spot gold rose 0.5%. The US dollar edged higher against most major currencies, resuming the latest uptrend that took it to more than two-month highs, fueled by expectations the Federal Reserve will proceed with modest interest rate cuts over the next year and a half. Crypto asset manager Grayscale has added 35 crypto altcoins, including Dogecoin, Worldcoin, Pith, and Run, to a list of assets under consideration for future investment products.
Key economic events to look out for include:
The Gold/USD pair made a minor upward correction in the last session, gaining 0.11%. The Stochastic RSI is giving a positive signal.
The EUR/USD pair dipped 0.1% against the dollar in the last session. The Stochastic indicator indicates an oversold market.
The GBP/USD pair traded sideways in the last session. The MACD is giving a negative signal.
The Bitcoin/USD pair skyrocketed 4.7% in the last session. The Ultimate Oscillator is giving a positive signal.
US stocks were led higher by technology shares, while crude prices dipped amid light Columbus Day trading. Bitcoin led weekly inflows with \$419 million. Nvidia's stock climbed 2.8%, nearing record highs.
Key economic events to look out for include:
The oil-dollar pair saw a minor dip of 0.1% in the last session. The Stochastic indicator is giving a positive signal.
The Aussie dollar pair traded sideways in the last session. The RSI is giving a negative signal.
The euro-dollar pair traded sideways in the last session. The RSI is giving a negative signal.
The dollar-yen pair gained 0.3% in the last session. The MACD is giving a positive signal.
Four of China's biggest state-owned banks announced cuts to existing mortgage rates starting on October 25th, as authorities ramp up efforts to stimulate the world's second-biggest economy. Boeing will cut 177,000 jobs, 10% of its global workforce, delay first deliveries of its 777X jet by a year, and record $5 billion in losses in the third quarter. The S&P 500 and the Dow scored record closing highs on Friday, with a big boost from financial stocks after banks reported strong quarterly results, while the latest inflation data fueled expectations for a US Federal Reserve rate cut in November.
Key economic events to look out for include:
The GBP/USD pair traded sideways in the last session. The Stochastic indicator suggests that the market is currently oversold.
The Bitcoin/USD pair plummeted by 1.3% in the last session. The MACD is indicating a negative signal.
The Oil/USD pair rose by 2.8% in the last session, after gaining as much as 3.6% during the session. The Stochastic indicator is giving a positive signal.
The AUD/USD pair gained 0.3% against the dollar in the last session. According to the CCI, the market is currently oversold.
Bitcoin's price action has been negative since the start of the week, with over 63,000 BTC, valued at approximately $11.83 billion, sent to crypto exchanges starting on October 7th. Oil prices jumped about 4% due to a spike in US fuel use before Hurricane Milton hit Florida, along with Middle East supply risks and signs of growing energy demand in the US and China. Gold prices extended gains as traders anticipate a Federal Reserve interest rate cut next month, following the latest US economic data, with spot gold up 0.6%.
Key economic events to look out for include:
The EUR/USD pair experienced a minor downturn, losing 0.2% in the last session. The Stochastic indicator suggests that the market is currently oversold.
The USD/JPY pair saw a significant rise, gaining 0.7% in the last session. The Williams Percent Range indicator suggests that the market is currently overbought.
The Gold/USD pair experienced a slight downward correction, dropping 0.2% in the last session. The MACD is currently signalling a negative trend.
NIO shares saw a notable increase, gaining 2.7% in the last session. However, the Commodity Channel Index (CCI) is giving a negative signal, suggesting potential caution.
The Canadian dollar weakened to a near 8-week low against its US counterpart as oil prices fell and investors reduced their bets on the pace of expected interest rate cuts from the Federal Reserve. The interest rate for the most popular US home loan rose to 6.36% last week, marking the biggest weekly increase in more than a year. This comes after better-than-expected economic data caused financial markets to scale back bets on further Federal Reserve interest rate cuts. European stocks settled higher, bouncing from losses in the previous session as investors focused on upcoming interest rate cuts and a key US inflation report later this week. The continent-wide STOXX 600 index was up 0.6%, with the Automobiles and Parts sector among top gainers with a 1.1% jump.
Key economic events to look out for include:
The Bitcoin/USD pair gained 0.1% in the last session, after rising as much as 1.5% during the session. The Stochastic indicator is currently giving a negative signal.
Meta stock gained 0.5% in the last session. The MACD is currently giving a positive signal.
The AUD/USD pair corrected downwards in the last session, falling 0.1%. The Ultimate Oscillator is giving a negative signal.
Gold fell 0.88% against the dollar in the last trading session. The ROC (Rate of Change) indicator is giving a negative signal.
Gold prices fell over 1%, on track for their biggest drop on a percentage basis in 1.5 months. Recent US employment data lowered expectations for a bigger rate cut, while markets await minutes of the US Federal Reserve's latest policy meeting for fresh signals. The Canadian dollar weakened to a 7-year low against its US counterpart as oil prices fell 4%. Investors are reassessing the outlook for Federal Reserve interest rate cuts. In cryptocurrency news, major exchange and service provider Crypto.com is launching a legal battle against the United States Securities and Exchange Commission, aiming to protect the future of the crypto industry in the country.
Key economic events to look out for include:
The gold/dollar pair experienced a downward correction, falling 0.2% in the last session. The MACD is currently giving a negative signal.
The EUR/USD pair traded sideways in the last session. The Stochastic indicator is giving a negative signal.
The GBP/USD pair fell 0.3% against the dollar in the last trading session. The Ultimate Oscillator is giving a negative signal.
Bitcoin rose 0.7% against the dollar in the last trading session. The Commodity Channel Index (CCI) is giving a positive signal.
US stock indexes fell, pressured by rising Treasury yields as markets recalibrated expectations for the Federal Reserve rate cut. The yield on benchmark 10-year notes exceeded 4% for the first time in two months. Global cryptocurrency adoption is approaching a significant milestone, with 7.51% of the world's population now using digital currencies, according to a report by MatrixPort. The report projects this figure to exceed 8% by 2025. Super Micro Computer announced it is currently shipping more than 100,000 graphics processors per quarter and unveiled a new suite of liquid cooling products, sending the AI server maker's shares up about 14% following a weeks-long slump.
Key economic events to look out for include:
Oil gained 0.7% against the dollar in the last session. The MACD is currently giving a positive signal.
The AUD/USD pair experienced a minor downward correction in the last session, dropping 0.1%. The Williams indicator is giving a negative signal.
The EUR/USD pair traded sideways in the last session. The RSI is giving a negative signal.
The USD/JPY pair traded sideways in the last session. The Stochastic RSI indicates an overbought market.
China-focused hedge funds report explosive returns in September due to a sharp rebound in Chinese stocks, driven by Beijing's aggressive stimulus package. Taiwan's Foxconn posts record Q3 revenue of $57.3 billion, up 20.2% year-on-year, driven by strong demand for AI servers. A high-stakes corporate earnings season begins this week, with investors hoping results will justify rich valuations in the US stock market. Strong US labour market data boosts the case for continued economic growth. The S&P 500 is up 20% year-to-date, nearing record highs.
Key economic events to look out for include:
The GBP/USD pair experienced a sharp decline, falling 1% in the last trading session. The Williams Percent Range indicator suggests that the market is currently oversold.
The BTC/USD pair saw a slight increase of 0.1% in the last session, after reaching gains of up to 1.3% during the session. The RSI is currently signalling a negative trend.
The OIL/USD pair experienced a significant increase, soaring 3.9% in the last session. The Commodity Channel Index (CCI) indicates that the market is currently overbought.
The AUD/USD pair declined by 0.6% in the last session. The Rate of Change (ROC) indicator is giving a negative signal.
The International Monetary Fund has renewed calls for El Salvador to scale back its Bitcoin policies and overhaul its regulatory framework surrounding the digital asset. Oil prices have risen significantly, with Brent crude futures up 4.86% and US WTI crude futures up 5.11%, as concerns mount over potential threats to global crude flows due to widening regional conflicts in the Middle East. Gold prices have remained steady, balancing safe-haven demand from escalating Middle East tensions against pressure from a stronger dollar, as investors reassess expectations of another significant interest rate cut from the US Federal Reserve.
Key economic events to look out for include:
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