The U.S. dollar inched higher on Friday, consolidating near a three-month peak as traders absorbed a relatively hawkish message from Federal Reserve Chair Jerome Powell and recalibrated expectations for another move in December. By 05:10 ET (09:10 GMT), the Dollar Index was up 0.1% at 99.380, extending Thursday’s momentum. The …
Read More »Europe stocks edge lower as investors parse ECB pause, Fed signals, and a busy earnings slate
Market snapshot DAX (Germany): −0.2% FTSE 100 (UK): −0.2% CAC 40 (France): flat Policy & macro ECB on hold: The European Central Bank kept the deposit facility rate at 2% for a third straight meeting, calling policy “in a good place” amid fading risks and resilient activity. Barclays now expects …
Read More »Gold slips in Asia, set for a second weekly loss as Fed caution and easing U.S.–China tensions sap haven demand
Gold fell in Asian trade on Friday, putting the metal on course for a second straight weekly decline, after the Federal Reserve struck a cautious tone on further rate cuts and signs of easing U.S.–China trade tensions tempered safe-haven flows. Spot gold dipped 0.4% to $4,008.65/oz by 01:49 ET (05:49 …
Read More »Dow Jones Eyes a Support Retest 31/10/2025
The index extended higher in line with our prior bullish view, clearing the earlier target at 48,020 and printing a 48,181 high. Technical outlook 50-SMA (4H): Still trending beneath price, offering support. RSI: Now flashing negative signals on overbought readings, implying scope for a brief pullback to reset momentum. Base …
Read More »CAD Attacks the Downtrend Line 31/10/2025
The pair extended a constructive rebound, tagging a 1.4014 high. Technical outlook Price is challenging a descending trendline, with the simple moving averages now underpinning price from below. RSI is unwinding prior overbought readings rather than breaking down—consistent with scope for further upside. Base case (bullish while above 1.3960/1.3940) Holding …
Read More »Pound Loses Ground Against the Dollar 31/10/2025
The pair logged heavy losses in the prior session, printing a 1.3117 low. Technical outlook RSI: Remains negative in the short term despite oversold readings—consistent with downside risk. SMAs: Price holds below the simple moving averages, which continue to act as dynamic resistance. Structure: Stability below 1.3210 keeps the bearish …
Read More »Oil Attempts to Shed Negativity 31/10/2025
Price action remains in a corrective uptrend, with buyers attempting to extend gains. Technical outlook: Simple moving averages sit beneath price and continue to offer support. RSI is constructive, helping sustain upside momentum. Base case (bullish bias while above 60.80): Holding 60.80 keeps the path higher toward 61.75, then 61.90 …
Read More »Gold Seeks a Near-Term Cue as the Correction Persists 31/10/2025
Price action is choppy: yesterday’s rebound topped at $4,046 after a dip to $3,915, but no clean trend has emerged. Technical outlook The 4H simple moving averages slope lower and sit above price, acting as dynamic resistance and capping recovery attempts. An earlier rising trendline break keeps bears in control. …
Read More »Downtrend Line Puts a Lid on EUR 31/10/2025
The pair staged a modest intraday bounce after testing the 1.1550 support zone. Technical outlook (4H):• RSI is attempting to unwind oversold conditions, showing early stabilisation.• Price action remains capped by descending trendline resistance, and the 50/100 SMAs continue to act as dynamic hurdles, preserving downside pressure. Base case:• While …
Read More »U.S.–China trade pact could be signed “as soon as next week,” says Bessent
A U.S.–China trade agreement could be finalized as early as next week, according to U.S. Treasury Secretary Scott Bessent, speaking a day after President Donald Trump’s meeting with Chinese President Xi Jinping. Bessent said the “Kuala Lumpur agreement” was completed overnight and indicated both sides may exchange signatures within days. …
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