Market Overview - Page 16

Strong US macroeconomic data and the closure of speculative positions on the US dollar ahead of the FOMC meeting announcement caused the EURUSD to retreat. ADP reported that private sector employment growth averaged 14,250 over the last four weeks to.

Trade war de-escalation and Fed’s probable rate cuts lifts euro, while politics is holding it back. Verbal interventions are helping the yen.

The Fed and Bank of Canada expected to lower rates while the ECB and BoJ have opted for a wait-and-see approach this week.

In the last week of October, investors will be focused on US-China trade negotiations and news surrounding Donald Trump’s visit to Asia. The main event on the economic calendar will be the Fed meeting. The futures market gives a 97%.

We believe that the situation is similar to what we saw in August 2020

The US dollar rises as rates are reassessed and rivals weaken; the S&P 500 remains volatile, with strong earnings but cautious investor sentiment.

Weaker UK inflation pressured GBP, boosting the FTSE 100, which nears record highs amid expectations of monetary policy easing.

Anticipation of Japan’s new female PM boosts stocks, yen weakens, Nikkei rallies; after short recharge, USDJPY eyes 158–160, Nikkei 225 – 52000-53000.

Oil prices could drop 15% by year-end due to rising supply, slowing demand and shrinking risk premiums, with Brent possibly nearing $50.

Gold's price has surged above $4,300 due to government debt issues and low interest rates, driving investors toward precious metals. Despite a strong rally, a technical pause may be near

The escalation of the trade conflict between the US and China brought the American dollar back down and pressing stock indices

The crypto market losing 5% on Friday and it is dangerous because it is not a queeze on a thin market