Market Overview - Page 10

The pound weakens as UK jobless claims and unemployment rise, raising pressure on the Bank of England and signalling a possible trend reversal for GBPUSD.

US stocks may face more pressure as trade tensions linger, market fear remains high, and correction is likely amid weak economic signals and seasonal bearish trends.

Gold surges to new highs amid political instability, with investors seeking safe havens and central banks increasing reserves.

Gold is outside the realm of politics. While currencies and securities depend on the actions of presidents and governments, precious metals do not. Therefore, political turmoil forces investors to use them as safe-haven assets. The impressive 52% rally in gold.

USD rises on euro, yen weakness; S&P 500 hits record highs amid low volatility and investor optimism for Q3 earnings growth.

Oil remains resilient, holding near $60 despite rising US production, inventories, and bearish fundamentals.

The dollar rises as other major currencies weaken due to rate cuts, political changes, and economic troubles, making it a safer choice for investors.

Gold hits record highs as distrust in fiat currencies grows. Political turmoil in France, US, and Japan fuels demand for gold, ETFs, and Bitcoin as safe havens.

UK house prices lag behind inflation, rising just 0.3% YTD vs. 2.7% CPI. Market weakness pressures GBP and signals no economic overheating.

Political shifts in Japan and France caused major FX market moves, with the yen weakening and the euro under pressure, highlighting politics as a key FX driver.

The economic calendar for the week ending 10 October includes Jerome Powell’s speech, the US Government shutdown, postponed statistical releases, and the publication of the FOMC and ECB meetings minutes. Weak private sector employment data paint a bleak picture and.

The shutdown came as a bolt from the blue for the US dollar. The greenback was confident that Democrats and Republicans would reach a last-minute agreement. That did not happen. During previous government shutdowns, the dollar index typically fell on.