During Tuesday's trading session, silver markets initially declined, but they have since recovered and begun to show signs of life.
ADA was one of the leading cryptocurrencies during the bullish Tuesday session. For the first time since September, $0.50 becomes relevant due to a change in mood.
In an effort to settle below $3.40, copper tried. The $1660 level of resistance was approached by gold.
On Wednesday, October 26, Beijing time, spot gold shock slightly up in early trading of Asian market, and is currently trading near $ 1658 per ounce; more signs of economic weakness in the United States fueled speculation about the Fed's hawkish tendency to moderate, the market on the Fed's December rate hike of 75 basis points is expected to cool.
On Tuesday, October 25, the dollar index fell below the 111 round figure mark for the first time since October 6; it closed down 0.991% at 110.89, which was a new three-week low. The British pound rose 2% against the dollar at one point and pushed up to the 1.15 handle. The euro rose 1% against the dollar at one point and pushed up to parity for the first time since October 5. The dollar fell below 148 against the yen during the day.
For now EUR/USD and GBP/USD are holding up against the dollar, while the yen is being given support by Japan’s intervention in FX markets.
Despite improved earnings from interest-bearing business, the London-listed stock opened down around 5%. A worsening credit environment dragged on the stock, taking it down close to an area of key support.
The FTSE, DAX, and Dow continue to gain ground, but bears look likely to return before long.
On Tuesday, October 25, during the Asian session, spot gold narrowly oscillated, and is currently trading near $ 1648 per ounce; the market reduced expectations for the Federal Reserve to raise interest rates in December by 75 basis points, U.S. bond yields fell slightly, providing support to gold prices.
On Monday, October 24, the dollar index fell sharply below 112 in Asian trading, then pulled back up to 112.55; the trend in a day was oscillating, eventually closing up 0.125%, narrowly missing 112.
• EUR/USD bulls emerge and eye a test of the coil's trendline. • Bears need to get below hourly support around 0.9800.
Looking at the technical picture of the Amadeus IT Group SA (BME: AMS) stock on our 4-hour chart we can see that as of yesterday, the share price managed to overcome a short-term tentative downside resistance line taken from the high of May 30th. For now, AMS continues to trade above that line, meaning that more byers might see it as a good sign to step in. We will take a positive approach for now.
Looking at the technical picture of USD/ZAR on our daily chart, we can see that after reversing higher at the end of March, the pair is now trading above a short-term upside support line taken from the low of April 13th. That said, the rate is currently trading below a key resistance area between the 16.1848 and 16.3195 levels, marked by the highs of June 13th and May 16th respectively. In order to aim further north, we would prefer to wait for a push above that resistance area first.
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The Week ahead: Major Banking decisions and what to expect
On Monday, October 24, spot gold rallied and retreated, early in the session because the dollar fell to hit nearly two-week lows; gold prices once surged near the 1670 mark, but with the dollar twisted down slightly up, gold prices gave back the gains, currently trading at $ 1655 near.
On Friday, October 21, the dollar index first rose sharply to 113.97, before reversing sharply after the "New Federal Reserve News Service" article, falling nearly 2% to close down 0.877% at 111.86.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Another huge week for Q3 earnings reports this week, as investors brace themselves for some potentially brutal figures from some of the big tech companies such as Alphabet, Microsoft, Amazon, Facebook, and Twitter, among others. After months of cost-cutting measures and layoffs, the highly anticipated Q3 numbers will give an interesting insight into where these businesses may end up as the US economy continues towards recession.
EUROPEAN SHARES