₿ BITCOIN – Rebounds Above $100K After Sharp Two-Day Slide; Support Holds Firm
🔼 Bitcoin stabilized +1.10% after briefly dipping below the key $100,000 psychological level, finding support as dip-buyers stepped in. The bounce follows heavy liquidation pressure across risk assets, triggered by renewed Fed caution and stretched AI-market valuations spilling into crypto sentiment.
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🧠 What’s Driving the Move?
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📊 Daily Gain: +1.10%
📌 Resistance: 105,920 → 114,500
📌 Support: 101,200 → 98,430
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⚠️ Momentum Watch:
BTC’s rebound above $101K signals resilience, but buyers must defend 101,200 to avoid retesting sub-$99K levels. A sustained close above 106,700 would restore bullish structure toward 114,500.
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🧠 What’s Driving the Move?
• Metaplanet catalyst: Japan’s Bitcoin-treasury firm secured a $100M BTC-backed loan to fund new BTC purchases and share buybacks — boosting sentiment.🇯🇵💸 📈
• Macro relief: Fed rate-cut uncertainty weighed earlier in the week, but bargain hunters re-entered after BTC held $99K lows. 🇺🇸✂️
• On-chain signs: Accumulator wallets added 50,000 BTC as price slipped under $100K, showing strong institutional accumulation.👛 💸 📈
• Market view: Analysts call the 21% correction “routine,” noting BTC remains in a structural bull market above $100K.📈 ✔️
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BTC’s rebound above $101K signals resilience, but buyers must defend 101,200 to avoid retesting sub-$99K levels. A sustained close above 106,700 would restore bullish structure toward 114,500.
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🧠 What’s Driving the Move?
• ADP surprise: Private payrolls rose more than expected, reinforcing a cautious Fed stance and reducing odds of a December rate cut. 🇺🇸📊 📈
• Safe-haven demand: Broader equity weakness and stretched tech valuations lifted haven bids. 🔐
• Dollar pause: The greenback retreated slightly from 3-month highs, supporting gold’s intraday rebound.💵 📉
• Physical demand risks: China’s removal of a long-standing tax exemption for retailers could weigh on jewelry demand.📈 🇨🇳
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The recovery from the 3,900 floor signals resilient safe-haven interest, but a sustained close above 4,000 is needed to regain bullish traction. Failure to hold above 3,900 risks a 3,800 deeper pullback.
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Anonymous Poll
42%
19%
11%
47%
6%
🛢 Oil, Silver or other Commodities
28%
🔥3
Prop Trader Global | Forex • Crypto • Gold pinned «❓ What do you trade or follow most often?»
Market Snapshot
Markets started midweek on a cautious note as investors weighed the latest US data and shifting expectations around the Federal Reserve’s next move. Strong labor and services figures have revived confidence in the US economy — but also cooled hopes for a rate cut in December, driving volatility across currencies, commodities, and bonds.
⚠️ *Traders now eye whether gold can cross $4K and how the Fed’s outlook shapes year-end momentum.*
Markets started midweek on a cautious note as investors weighed the latest US data and shifting expectations around the Federal Reserve’s next move. Strong labor and services figures have revived confidence in the US economy — but also cooled hopes for a rate cut in December, driving volatility across currencies, commodities, and bonds.
🇺🇸 **USD** rallied to a **5-month high** as hopes for a **Fed rate cut in December** cooled.
💶 Strong **ADP jobs** & **ISM services** data eased slowdown fears, pushing yields higher:📈 10-yr: **4.16%** | 2-yr: **3.64%**🥇 **Gold** jumped **1.2%**, peaking at **$3,990** before closing at **$3,978** — supported by **safe-haven** & **dip-buying**.
A clean break above **$4,000** could mark the end of its consolidation phase.
🛢 **Crude oil** slipped on **oversupply concerns** —
WTI: **$59.48 (-1.28%)** | Brent: **$63.32 (-1.27%)**
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🟢🗽🥤 STARBUCKS – Surges +4.1% After $4B China Stake Sale Despite Union Strike Threats
🔼 Starbucks rallied +4.12% after announcing the $4B sale of its majority China operations to Boyu Capital, unlocking value in its second-largest market while retaining strategic influence. Gains came even as baristas voted 92% in favor of a strike amid stalled contract talks, potentially disrupting sales on Red Cup Day (Nov. 13).
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🧠 What’s Driving the Move?
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📊 Daily Gain: +4.12%
📌 Resistance: 87.20 → 89.80
📌 Support: 78.50 → 73.90
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⚠️ Momentum Watch:
$78.00 floor rebound confirms strong buyer interest. Sustained momentum above $83.00 opens a $87.20 retest.
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🧠 What’s Driving the Move?
• China restructuring: The deal values the business near $13B and keeps Starbucks tied to future growth through licensing payments. 🇨🇳📈
• Labor tensions: Workers across 25+ cities are set to strike, demanding wage hikes and staffing improvements.🚫
• Turnaround focus: CEO Brian Niccol’s “Back to Starbucks” strategy aims to rebuild margins after six straight quarters of North American sales declines. 💼🔜
• Analyst focus: Q3 results showed revenue beat but EPS miss, as higher staffing and renovation costs weighed on profits.📊
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$78.00 floor rebound confirms strong buyer interest. Sustained momentum above $83.00 opens a $87.20 retest.
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With Risk Sentiment Shifting After Strong U.S. Data And Central Bank Updates -
Which Market Are You Most Likely To Trade Today?❓
Which Market Are You Most Likely To Trade Today?
Anonymous Poll
0%
💵💴 USD/JPY – Testing key resistance near 155.00
50%
0%
₿ BTC/USD – Rebounding above $103,000 after heavy liquidation
50%
💷💵 GBP/USD – Poised for volatility ahead of the BoE rate decision
🔥1
A busy Thursday ahead with major events from the 🇬🇧 Bank of England, 🇺🇸 U.S. labor data, and 🇺🇸 Fed speakers.
Expect high volatility, especially during the London session.
🕚 **12:00 PM GMT – 🇬🇧 BOE Monetary Policy Report**
Includes economic outlook & inflation forecasts — a key volatility driver.🕚 **12:00 PM GMT – 🇬🇧 MPC Bank Rate & Votes**
Rate expected to stay at **4.00%**. Any **vote split** could spark GBP moves.🕚 **12:30 PM GMT – 🇬🇧 BOE Gov Bailey Speaks**
Post-decision tone will guide short-term GBP direction.🕚 **1:30 PM GMT – 🇨🇦 BOC Gov Council Member Gravelle Speaks**
Potential insights into future **Bank of Canada** policy shifts.🕚 **1:30 PM GMT – 🇺🇸 U.S. Unemployment Claims**
Weekly labor market data — **lower claims = bullish USD**.🕚 **3:00 PM GMT – 🇨🇦 Ivey PMI**
Measures business activity: **>50 = growth**, **<50 = contraction**.🕚 **7:00 PM GMT – 🇺🇸 FOMC Member Waller Speaks**
May trigger **late-session volatility** in USD pairs.
• Early session: GBP pairs in focus — watch direction after Bailey’s comments.
• Later session: U.S. labor data could drive pre-NFP positioning and renewed USD strength.
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🛢 USOIL – Holds $60 as Inventory Build Caps Rebound Despite Supply Risks
🔼 WTI crude steadied +0.70% after 2 days of losses, buoyed by easing glut fears even as U.S. inventories surged by 5.2 million barrels, the biggest rise since July. Prices remain pressured by weak demand signals and Saudi Arabia’s crude price cuts for Asia, while drone attacks on Russian refineries have added temporary support.
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🧠 What’s Driving the Move?
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📊 Daily Gain: +0.7%
📌 Resistance: 61.70 → 65.20
📌 Support: 56.90 → 53.70
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⚠️ Momentum Alert:
WTI remains under the 61.7 resistance zone. A close above 62.00 could revive bullish sentiment; otherwise, range-bound pressure may persist near $60.
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🧠 What’s Driving the Move?
• EIA data: U.S. stockpiles +5.2M barrels vs. -0.1M expected — largest build in months.📊 📈
• Demand slowdown: Global oil demand up just +850K bpd YTD, below forecasts. 🛒📉
• OPEC+ stance: Supply hikes continue, but a pause is planned for early 2026. 🏭📈
• Geopolitical offset: Ukrainian drone strikes disrupt some Russian refining operations. 🇺🇦🇷🇺
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WTI remains under the 61.7 resistance zone. A close above 62.00 could revive bullish sentiment; otherwise, range-bound pressure may persist near $60.
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The Bank of England has announced that it will keep the Bank Rate at 4.00%.
Why the hold?
UK inflation remains around 3.8%, well above the BoE’s 2% target. The decision was a very tight one: a 5–4 vote to hold rather than cut. The BoE emphasised that while inflation may be easing, the situation remains uncertain — they are watching carefully. The upcoming UK budget (scheduled for later this month) adds a layer of fiscal uncertainty which is influencing the BoE’s caution.
The Pound (GBP) was trading at around $1.3066 ahead of the decision. After the hold decision, GBP/USD rose by ~0.15% to ~$1.30725.
Market commentary suggests that the pair is being weighed by a weak UK growth/fiscal outlook (which dampens GBP) and a relatively firm USD (which further caps GBP/USD upside)
The UK/GBP remains a major currency anchor in global FX trades. A steady BoE rate means one less surprise in monetary policy.
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🧠 What’s Driving the Move?
• Softer USD: Greenback slips from multi-month highs, easing headwinds for bullion.💵 📉
• Policy/Fed signals: Tariff-legal doubts + upcoming Fed remarks keep rate-cut path in focus. 🇺🇸🪧🗣️
• Risk backdrop: Longest U.S. shutdown sustains safe-haven demand despite firmer ADP/ISM prints. 🇺🇸🏛🚫
• Flows & structure: Ongoing central-bank/ETF interest underpins the medium-term bid. 🏦💸
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⚠️ Momentum Alert:
Reclaim of 4,000 after a multi-week pullback hints at base-building. A close above 4,045–4,060 opens 4,350-4,400, while failure keeps price pinned in a 3,900–4,045 range.
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💷💵 GBP/USD – Bounces Off 1.30 as BoE’s Dovish Hold Lifts Sterling
🔼 Cable rises +0.50% for a 2nd straight session after the BoE kept rates at 4.0% in a close 5–4 split, with four members voting to cut. Traders now eye a possible December cut while Bailey flagged a “gradual downward path” and data dependence.
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🧠 What’s Driving the Move?
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📊 Daily Gain: +0.50%
📌 Resistance: 1.3170 → 1.3290
📌 Support: 1.3000 → 1.2720
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⚠️ Momentum Alert:
Price nearing the 1.3170-1.3200 zone. A close above opens 1.3290, while failure risks a 1.3050 slide.
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🧠 What’s Driving the Move?
• BoE split: 5–4 vote to hold; doves nearly carried a 25 bp cut. 🇬🇧🗳✂️
• Guidance tilt: Bailey says policy likely to move lower gradually; budget on Nov 26 is key. 🇬🇧💬
• Rates pricing: Markets lift odds of a December cut as inflation risks look more balanced. 🇬🇧⚖️ ✂️📈
• USD tone: Softer dollar/risk-on bounce helps sterling recover from 7-month lows.💵 :📉
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Price nearing the 1.3170-1.3200 zone. A close above opens 1.3290, while failure risks a 1.3050 slide.
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𝐙🔐 ZCASH – Reaches $448 All-Time-Highs as Privacy-Narrative Fuels Surge
🔼 ZEC/USD ripped +14.20% to 448 record highs near , notching a 2nd straight gain as the privacy-coin bid accelerates. The breakout above $400 flips structure bullish with traders now watching the $450 handle and the $500 extension.
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🧠 What’s Driving the Move?
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📊 Daily Gain: +14.20%
📌 Resistance: 450.00 → 500.00
📌 Support: 400.00 → 306.30
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⚠️ Momentum Alert:
Holding 400–410 keeps bulls in control, while a decisive push through $450 opens a run toward $500.
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🧠 What’s Driving the Move?
• Privacy rotation: Sector revival puts ZEC back in the spotlight. 🤐💡
• Derivatives fuel: OI/volume jump and short covering amplify upside.↗️
• Catalysts: Halving/spec upgrades + new perp listings stoke demand.📊
• Relative strength: Outperforms broader crypto despite risk wobble.📈
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Holding 400–410 keeps bulls in control, while a decisive push through $450 opens a run toward $500.
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🇺🇸U.S. Pre-Market Overview — Mostly Positive
💻 Electronic Technology
• NVIDIA (NVDA) +1.15% — Strength continues as AI-driven demand and data-center growth lift sentiment.
• Broadcom (AVGO) +1.38% — Gains on strong networking chip demand and stable earnings outlook.
🍟 Consumer Services
• McDonald’s (MCD) -0.15% — Holding steady after mixed results; cost pressures remain a focus.
• Disney (DIS) -0.12% — Slight dip ahead of expected streaming and restructuring updates.
💲 Financials
• Bank of America (BAC) +2.08% — Leads bank gains after upbeat consumer spending and credit outlook.
• JPMorgan Chase (JPM) +0.37% — Supported by resilience in investment banking and wealth divisions.
💬 Market Outlook:
Broad-based strength among large-cap names highlights growing investor optimism.
Tech and financial sectors continue to attract inflows, signaling confidence in the U.S. economy and supporting a potentially stronger USD at the open.
U.S. stock futures are pointing higher ahead of Thursday’s session, with investor sentiment supported by strength in technology and financial shares. Optimism around AI growth, resilient consumer spending, and stable credit conditions is helping fuel a steady inflow of capital into U.S. markets, setting a constructive tone for the day.
• NVIDIA (NVDA) +1.15% — Strength continues as AI-driven demand and data-center growth lift sentiment.
• Broadcom (AVGO) +1.38% — Gains on strong networking chip demand and stable earnings outlook.
• McDonald’s (MCD) -0.15% — Holding steady after mixed results; cost pressures remain a focus.
• Disney (DIS) -0.12% — Slight dip ahead of expected streaming and restructuring updates.
• Bank of America (BAC) +2.08% — Leads bank gains after upbeat consumer spending and credit outlook.
• JPMorgan Chase (JPM) +0.37% — Supported by resilience in investment banking and wealth divisions.
Broad-based strength among large-cap names highlights growing investor optimism.
Tech and financial sectors continue to attract inflows, signaling confidence in the U.S. economy and supporting a potentially stronger USD at the open.
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With the BLS jobs report delayed / uncertain due to the US government shutdown, we’re tracking these 3 key alternative indicators:
1. ADP Private-Payrolls
– Recent reading shows very weak job gains (or losses) in the private sector.
– Implication: Hiring momentum is stalling = risk for USD strength.
2. Job-Posting Index (Indeed &-others)
– Jobs being advertised are falling = firms may hold back on hiring.
– Implication: If hiring weakens, USD may lose appeal vs currencies of higher growth.
3. Initial Jobless Claims (State-level estimates)
– Weekly/State data give near-real-time labour-market signals.
– Implication: Rising claims = labour market softening = USD under pressure.
– Will these metrics signal a soft landing (stable but slow hiring) or something deeper?
– How will markets price the USD if no official jobs number arrives?
– Impact on major pairs: EUR/USD, USD/JPY, USD/ZAR — keep an eye on how USD reacts to these signals.
Use these metrics as “early alerts” for USD risk. Tighten stop-losses and watch for spikes in volatility around jobs-related releases (or absence thereof).
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