The Nasdaq 100 was finding some support at 28,000 after recent sell-off amid concerns about the AI trade. Even with oscillators oversold, the risk to the near-term forecast is tilted to the downside.
As the first week of November progresses, renewed weakness in the Japanese yen is once again becoming evident in the short term. This dynamic can be seen in the recent performance of USD/JPY, which has posted two consecutive bullish sessions and gained more than 0.7%, reflecting a return of buying interest in the dollar while the yen continues to lose momentum.
Aussie bulls face a critical test of rising trend support, with the October recovery under threat as selling pressure builds into November.
Silver is testing key support at $49 to $50, the area of its 2011 high, and has yet to bounce. A bullish reversal candlestick would make the picture more constructive, but for now the near-term forecast hangs in the balance.
Dollar, Gold Outlook: The dollar is testing a critical 10-month trendline, while gold is challenging its 2026 low and support near $3,870. The U.S. elections, nonfarm payrolls and bond yields are key volatility catalysts to watch this week.
The DAX remains close to 26,000 points after extending its recovery, but the market's attention is shifting away from geopolitics and back toward earnings, economic data and US politics. Reports from Bayer, Lufthansa and Fresenius Medical Care highlight a market increasingly rewarding profit growth while punishing weak guidance. With US midterm elections, JOLTS job openings and AMD earnings on today's agenda, the next move in equities may depend less on technicals and more on whether earnings and economic data justify current valuations.
GBP/USD holds above 1.34 with US midterms and BoE in focus. DAX slips as the global tech selloff continues.
The U.S. Dollar Index, commodities, indices and cryptocurrencies are testing key levels as markets navigate the U.S. midterm elections, U.S.–Iran negotiations and key economic releases.
XAU/USD and XAG/USD may be approaching a bullish turning point as Treasury futures threaten a breakout. The problem? Both metals have recently been trading more like tech stocks than havens.
Gold prices melted down last week but so far this week, a different tone has taken over. But can this turn into anything more than a short squeeze?
Sr. Technical Strategist Michael Boutros highlights the levels that matter on the USD Majors, commodities, and equity indices charts this week.
Prediction markets are pricing in nearly 75% odds of a Democratic sweep in this week’s US midterm elections, a development that would result in a split from the single party Republican rule of the past two years - what will it mean for markets?
U.S. stock indices are moving higher on Monday as tech and AI-related stocks steady following a shocking October. The mood remains cautious following the AI wobble, with more tech earnings due this week, U.S. midterm elections and a full U.S. economic data calendar.
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