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The gold-dollar pair made a minor downwards correction in the last session, dropping 0.1%. According to the RSI, we are in an overbought market.
The Euro fell 0.4% against the dollar in the last session. The Rate of Change (ROC) is giving a negative signal.
The pound fell 0.5% against the dollar in the last trading session. According to the Williams Percent Range indicator, we are in an oversold market.
The Bitcoin-dollar pair dove 1.9% in the last session. The Stochastic RSI is giving a negative signal.
Wall Street lost ground, retreating after a strong rally the previous week as investors awaited earnings from major companies. A jump in treasury yields added pressure, with the yield on the benchmark 10-year bond rising to a 12-week high. Cryptocurrency investment products recorded their biggest inflows since July, hitting the $2.2 billion weekly mark, according to CoinShares. Shares of Spirit Airlines surged as much as 46% after reaching a deal with its credit card processor to extend a debt refinancing deadline by two months until December 23rd.
Key economic events to look out for include:
The oil-dollar pair dove by 2% in the last session. The RSI is giving a negative signal.
The Aussie dollar pair traded sideways in the last session. The Stochastic RSI is giving a positive signal.
The euro-dollar pair traded sideways in the last session. The Ultimate Oscillator is giving a negative signal.
The dollar dropped 0.4% against the yen in the last session. The Ultimate Oscillator is giving a positive signal.
Oil futures fell on Friday, declining more than 7% on the week after data showed China's economic growth slowed. The US budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the COVID era. Tech stocks powered Wall Street to a higher close, with solid Netflix results and Beijing's policy steps to boost Chinese demand.
Key economic events to look out for include:
The GBP/USD pair made a minor upward correction in the last session, gaining 0.1%. The Stochastic indicator is giving a positive signal.
The Bitcoin/USD pair fell by 0.9% following a 1.3% intraday dip. The MACD is giving a positive signal.
The price of US Crude Oil remained largely unchanged in the last session. The Stochastic RSI indicates an oversold market.
The Australian dollar gained 0.4% against the US dollar in the last session. The MACD is giving a negative signal.
Cumulative flows into spot Bitcoin ETFs have exceeded $20 billion, following four consecutive days of inflows in the US. Oil prices slipped slightly as investors awaited developments in the Middle East, while falling US crude inventories provided some support. Gold prices hit record highs amid uncertainty surrounding the US presidential elections and the Middle East conflict, with an easing monetary policy environment keeping prices elevated.
Key economic events to look out for include:
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:
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