Popular Analysis
Popular Analysis
Currencies
The AUD/USD pair trades 0.5% down to near 0.6450 during the European trading session on Friday.
The US Dollar keeps heading south against a firmer Swiss Franc amid the risk-off market mood.
Gold's impressive rally remains uninterrupted, with the precious metal surging to a new record-high well above $4,300.
The AUD/JPY cross extends the decline to around 97.10 during the Asian trading hours on Friday.
The GBP/USD pair gains positive traction for the third consecutive day on Friday and moves further away from its lowest level since early August, around the 1.3250-1.3245 region touched earlier this week.
Shares
On Thursday, shares of Eli Lilly and Novo Nordisk fell sharply in after-hours trading after President Donald Trump announced a significant price reduction for the diabetes drug Ozempic.
A series of bad loan incidents in the U.S. are catalyzing a credit crisis in the banking sector, and these concerns are now spreading to Europe’s top-performing bank stocks this year.
Nio is being sued by Singapore’s GIC for allegedly inflating over $600 million in revenue through a hidden affiliate.
TSMC reported its third-quarter financial results, with net profit soaring 39% year-on-year to a record NT$452.3 billion, significantly beating market expectations of NT$405.47 billion.
Strong third-quarter results from major Wall Street banks have kicked off the 2025 earnings season on a high note, with JPMorgan Chase posting record revenue, and Goldman Sachs and Citi delivering their best Q3 ever.
Commodity
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $56.50 during the early European trading hours on Friday.
PAXG traded at a premium on Binance, based on an anomalous price spike above $5,000, which liquidated short positions.
Gold continues to attract safe-haven flows amid trade uncertainties and geopolitical tensions.
Silver price (XAG/USD) slumps to near $53.65 during the Asian trading hours on Friday.
As of October 16, gold prices have risen for six consecutive days, with gains in nine out of the first ten months of 2025.
Economics
On 15 October, U.S. Treasury Secretary Bessent stated that 3-4 candidates are expected to be submitted to Trump for interviews in December, following Thanksgiving.
From October 1 to October 15, the U.S. government shutdown entered its 15th day, with no clear progress toward a resolution between Democrats and Republicans on a temporary funding bill.
With the US government shutdown causing key data releases to be postponed, Powell's comments could influence the US Dollar's valuation in the near term.
Markets are heading into what traders are calling a “super week” for macro data.
According to CNBC, citing Treasury Department officials, Bessent has now shortlisted five individuals from the original pool of 11.
Cryptocurrency
Meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are at risk of steeper corrections as the broader cryptocurrency market weakens.
Nearly $6 billion in Bitcoin and Ethereum options expire today, rattling the market as bearish bets surge.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) remain under pressure at the time of writing on Friday after extending the losses nearly 5%, 6%, and 7%, respectively.
Ripple Labs is raising $1 billion to fill up a new crypto war chest with more XRP, even as most of the market is still wrecked from last week’s meltdown.
ETH is now consolidating in a range and might decline further if there is a move below $3,820.
Most Traded
OFFICIAL TRUMP
TRUMP/USD
5.83
+2.28%
Gold
XAU/USD
4250.57
-1.79%
EUR/USD
EUR/USD
1.16471
-0.34%
WTI
USOIL
57.126
+0.52%
USD/JPY
USD/JPY
150.571
+0.10%
Economic Calendar
Disclaimer:The above information is general information, for reference only, not as a basis for trading decisions.
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