Welcome to Pro News Weekly!
💵 The U.S. dollar surged in September at its fastest pace since June, as hawkish Fed expectations and strong US business activity pushed long-term Treasury yields to 24-year highs. Despite the sharp drop in expectations for an October rate hike, investors still see a strong US economy supporting the greenback.
📈 US stocks showed mixed performance in the third quarter, with the S&P 500 and Nasdaq Composite gaining 2% or more while the Dow Jones and Russell 2000 declined. Technology stocks continued to benefit from the AI boom, while tighter financial conditions weighed on smaller companies.
🪙 Gold faced pressure from the surging dollar and rising real Treasury yields, with September marking its weakest month since June. However, ETF holdings increased by 60 tonnes as investors continued to seek protection amid political, fiscal and geopolitical uncertainty.
₿ Bitcoin recorded its strongest quarterly growth since 2024, with BTCUSD rallying 43% as Treasury buybacks boosted demand for decentralised finance assets. Bitcoin has since stabilized, while elevated Treasury yields and a stronger dollar weigh on prices. ETF inflows of $2.4 billion are providing further support.
📊 Next week, traders will watch the September Fed and ECB meeting minutes, US services activity, the US trade balance and Canadian labour market data. Geopolitics, oil prices, European fiscal and political risks, and the growing possibility of Japanese currency intervention will also remain in focus.
🔔 Like, share, and subscribe for more weekly updates from FxPro!
👉 Register at https://bit.ly/44b9vTy and start trading like a pro!
75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing money. Past performance is not a reliable indicator of future results.
#FxPro #Tradelikeapro #Pronewsweekly #Dollar #Stocks #Gold #Bitcoin