Rising US inflation and inflated AI earnings expectations raise bubble risks for the S&P 500, though solid Q3 results and lower Treasury yields could support the index.

GBPUSD hit a four-week high as the dollar weakened on doubts over AI investment and soft Fed rhetoric, while markets price a 93% chance of a BoE rate hike in November.

Today is Monday, October 19, and let’s talk about an alternative scenario for the EUR/USD market, one that has a very high probability of playing out. For this, we’ll use the four-hour chart, where, as a reminder, an ABC structure is currently developing.

The crypto market ($2.76T) is holding steady around the 50-day MA, with Bitcoin rising by 1.4% to $82.8K. Bulls are banking on favourable seasonal trends, but ETF outflows are holding back growth.

USDCHF: ⬇️ Sell – USDCHF broke daily up channel – Likely to fall to support level 0.8200 USDCHF currency pair recently broke the support zone between the support level 0.8275 and the support trendline of the daily up channel from.

Polkadot: ⬆️ Buy – Polkadot reversed from support level 1.0300 – Likely to rise to resistance level 1.2600 Polkadot cryptocurrency recently reversed up from the support zone between the support level 1.0300 (former resistance from the middle of August, which.

AUDJPY: ⬆️ Buy – AUDJPY reversed from key support level 109.00 – Likely to rise to resistance level 111.00 AUDJPY currency pair recently reversed up from the support zone between the key support level 109.00 (which stopped wave (A) at.

Apple: ⬇️ Sell – Apple reversed from strong resistance level 346.00 – Likely to fall to support level 330.00 Apple recently reversed down from the resistance zone between the strong resistance level 346.00 (which stopped wave (A) at the end.

Welcome to Pro News Weekly! 💵 The US dollar struggles to gain momentum as accelerating inflation keeps the Fed’s monetary policy in focus. AI-related developments and falling Treasury yields add further uncertainty.

The dollar is weakening in line with Treasury bond yields, whilst the Australian dollar has come under pressure due to a deterioration in the labour market and reduced expectations of an RBA rate rise.

The crypto market rose by 2.2% to $2.76T, returning to the 50-day MA. Bitcoin held support at $80K, while broad gains across altcoins bolstered bullish sentiment.

💷 The British pound is facing mounting pressure as investors weigh expectations of a Bank of England rate hike in November against slowing economic growth and persistent budget concerns.