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The Gold/Dollar pair traded sideways in the last session. The Rate of Change (ROC) indicator is giving a negative signal.
The Euro/Dollar pair traded sideways in the last session. The Ultimate Oscillator is giving a positive signal.
The Pound/Dollar price remained largely unchanged in the last session. The Ultimate Oscillator is giving a negative signal.
The Bitcoin/Dollar pair fell by 1.2% in the last session. The Stochastic indicator is giving a negative signal.
US stock indexes slipped in choppy trading as investors braced for a pivotal week for global markets, with Americans set to elect a new president and the Federal Reserve likely to cut its benchmark policy rate. Cryptocurrency investment products posted another massive week as the United States presidential election draws closer, with digital investment products seeing $2.2 billion in inflows from October 26th to November 2nd, bringing year-to-date inflows to a record-breaking $29.2 billion. Ford Motor reported a 15% rise in US auto sales during October from a year earlier, aided by demand for its F-series trucks and hybrid models. Sales of its trucks, including the popular F-150 model, climbed 29.2% to 10,847 units.
Key economic events to look out for include:
The WTI Crude Oil experienced a significant decline, falling 1.7% in the last session after an initial gain of 1.1%. The Commodity Channel Index (CCI) is currently showing a positive signal.
The Australian dollar remained relatively stable against the US dollar in the latest session. The Rate of Change (ROC) indicator is presenting a positive signal.
The EUR/USD pair showed minimal movement in the last session. The Stochastic indicator suggests a positive trend ahead.
The USD/JPY pair recorded a slight upward correction, gaining 0.2% in the last session. The CCI indicator is currently showing a negative signal.
Intel is set to be replaced by Nvidia in the prestigious Dow Jones Industrial Average index after a 25-year tenure, highlighting the shifting dynamics in the semiconductor industry. The Canadian dollar has weakened to a two-year low against its US counterpart ahead of the US presidential election, despite positive domestic factory activity data. Wall Street's major indices ended higher, with Amazon.com rising 6.2% following strong earnings that exceeded Wall Street expectations.
Key economic events to watch:
The GBP/USD pair dropped by 0.5% in the last session. The RSI is giving a negative signal.
The Bitcoin/USD pair fell by 2.6% in the last session. The Stochastic RSI is giving a negative signal.
The Oil/USD pair surged by 2.3% in the last session. The Stochastic indicator is giving a positive signal.
The AUD/USD pair traded sideways in the last session. The CCI indicates an oversold market.
Cryptocurrency exchange Crypto.com has announced the acquisition of Watchdog Capital, a broker-dealer registered with the United States Securities and Exchange Commission. This move will allow the exchange's subsidiary in the country to offer stocks and equity options to eligible traders. Oil prices extended gains after settlement, rising by more than $2 per barrel on a report that Iran is preparing to attack Israel from Iraqi territory in the coming days. Gold retreated as prices consolidated after hitting a record high, while safe-haven demand ahead of the US presidential election helped the precious metal log its fourth straight monthly gain.
Key economic events to look out for include:
The Euro gained 0.3% against the dollar in the last session. The Ultimate Oscillator is giving a positive signal.
The USD/JPY pair traded sideways in the last session. The Rate of Change (ROC) is giving a positive signal.
Gold rose 0.3% against the dollar in the last trading session. The RSI indicates an overbought market.
Tesla's stock gained 1% in the last session. The Ultimate Oscillator is giving a negative signal.
The Canadian dollar strengthened modestly against its US counterpart as oil prices rose. US stock indexes were mixed, with the Dow gaining and the tech-heavy NASDAQ falling. Shares of Alphabet rose 4.1% after beating expectations for Q3 revenue and profit. German inflation rose more than expected in October to 2.4%.
Key economic events to look out for include:
The Bitcoin/USD pair skyrocketed by 4.1% in the last session. The Ultimate Oscillator is giving a positive signal.
Meta shares rose by 1.7% in the last session. The CCI is giving a positive signal.
The Aussie dropped 0.3% against the dollar in the last session. The Stochastic indicator is giving a negative signal.
The Gold/USD pair skyrocketed by 1% in the last session. The CCI indicates an overbought market.
Gold prices hit a record high due to uncertainties surrounding the US presidential election and the Middle East conflict, along with expectations of an interest rate cut by the Federal Reserve. The dollar reached three-month highs against the Yen but remained stable against most majors as traders await next week's US election and a slew of incoming economic data. Alameda Research, a subsidiary of the bankrupt crypto exchange FTX, has initiated legal action against Qoin to recover over $50 million in locked assets, according to an October 28th filing. The funds have been frozen by the crypto exchange Qoin since FTX's collapse in November 2022.
Key economic events to look out for include:
The Gold-Dollar pair saw a minor rise of 0.2% in the last session. The Stochastic indicator is giving a negative signal.
The Euro-Dollar pair made a minor upward correction in the last session, rising 0.1%. The RSI is giving a positive signal.
The Pound-Dollar pair traded sideways in the last session. The Ultimate Oscillator is giving a negative signal.
The Bitcoin-Dollar pair exploded 1.3% in the last session. The ROC is giving a negative signal.
Wall Street rose ahead of a packed week of earnings from mega-cap companies and the final stretch before the November 5th election. Sentiment improved after energy supplies were not disrupted by weekend developments in the Middle East. Digital asset inflows experienced a notable surge in the week ending October 25th, reaching $91 million, largely fuelled by a spike in Bitcoin transactions, propelling year-to-date totals to $27 billion. Cybersecurity firm CrowdStrike sued Delta Airlines after a faulty software update prompted a global outage in July, leading to worldwide flight cancellations and impacting industries including banks, healthcare, media companies, and hotel chains.
Key economic events to look out for include:
Oil experienced a notable decline, closing 0.9% lower after an intra-session dip of 1.9%. The RSI indicator is currently showing a negative signal.
The AUD/USD pair showed a slight upward correction, gaining 0.1% in the last session. The Stochastic indicator is providing a positive signal.
The EUR/USD pair advanced by 0.4% in the last session. The RSI indicator is showing a positive signal.
The USD/JPY pair saw the dollar decline by 0.5% against the yen in the last trading session. The Williams Percent Range indicator is showing a negative signal.
Oil markets remain in focus following Israel's retaliatory strike on Iran, which notably avoided disrupting oil infrastructure and nuclear facilities. Oil futures saw a 4% gain last week amid market uncertainty. China's industrial sector faced challenges with September profits declining 27.1% year-over-year, marking the steepest monthly drop of the year. In technology sector news, Nvidia has surpassed Apple as the world's most valuable company, reaching a market value of $3.53 trillion, slightly above Apple's $3.52 trillion.
Key economic events to watch include:
The GBP/USD pair rose by 0.4% in the last session. The Stochastic RSI is giving a positive signal.
The Bitcoin/USD pair skyrocketed by 2.2% in the last session. The Ultimate Oscillator is giving a positive signal.
The Oil/USD pair closed 0.9% in the red. The RSI is giving a negative signal.
The AUD/USD pair made a minor upward correction, gaining 0.1% in the last session. The Stochastic indicator is giving a positive signal.
Cardano is set to gain access to \$1.3 trillion in Bitcoin liquidity through a new integration with Bitcoin OS. Sales of new US single-family homes increased to the highest level in nearly 1.5 years in September. Oil prices eased nearly 1% amid reports of potential US-Israel ceasefire talks in Gaza.
Key economic events to look out for include:
The EUR/USD pair experienced a minor decline of 0.1% in the latest trading session. The Rate of Change (ROC) indicator is currently showing a negative signal.
The dollar strengthened against the Japanese yen, gaining 0.9% in the latest session. The Ultimate Oscillator suggests the market is currently in overbought territory.
Gold experienced a significant drop of 1.1% in the latest trading session. The Stochastic RSI indicates bearish momentum.
Amazon shares declined by 2.2% in the latest session. The Stochastic RSI is showing bearish signals.
The Canadian dollar has weakened to an 11-week low against its US counterpart following the Bank of Canada's significant interest rate cut. Wall Street experienced a decline, led by mega-cap stocks, as US Treasury yields increased and investors became more skeptical about aggressive Federal Reserve rate cuts. Both McDonald's and Coca-Cola faced pressure from corporate news. Additionally, US existing home sales fell to a 14-year low in September, affected by elevated mortgage rates and house prices, marking the second consecutive monthly decline.
Key economic releases to watch:
The Bitcoin/USD pair gained 0.1% in the last session after experiencing a 1.1% dip during the session. The Rate of Change (ROC) indicator is giving a positive signal.
NIO stock gained 0.9% in the last session after rising as much as 3.5% during the session. The Stochastic indicator suggests the market is oversold.
The AUD/USD pair gained 0.4% in the last session. The Stochastic RSI is giving a positive signal.
Gold rose 0.9% against the dollar in the last trading session. The MACD is giving a positive signal.
Oil prices rose for the second consecutive session as traders downplayed hopes of a Middle East ceasefire and focused on a tightening global supply and demand balance. The US dollar rose to a fresh 2.5-month high, continuing its recent rise on expectations the Federal Reserve will temper its rate cut path while investors positioned ahead of a tight US presidential election. Cryptocurrency exchanges Binance and Crypto.com are losing market share to smaller competitors as decentralised exchanges gain momentum. Binance, the world's biggest crypto exchange, saw a 133% year-over-year decline in spot trading volume.
Key economic events to look out for include:
