🗞Daily Market Digest:
Markets React as BoE Splits, Fed Stays Cautious, and Oil Slides Below $60 Amid Global Trade Shifts🇬🇧🇺🇸🛢
Markets React as BoE Splits, Fed Stays Cautious, and Oil Slides Below $60 Amid Global Trade Shifts🇬🇧🇺🇸🛢
🇬🇧 The Bank of England’s narrow 5–4 decision to hold rates at 4.00% sparked dovish bets, while Federal Reserve officials echoed Powell’s cautious tone, tempering expectations for a December rate cut.💵 🥇 🛢 Meanwhile, a softer U.S. Dollar and lingering shutdown fears lifted Gold back above $4,000, and oil extended its three-day decline toward $59 as Saudi OSP cuts and a surprise U.S. stock build reinforced supply fears.
🇦🇺 🇪🇺The Australian Dollar lagged despite a stronger trade surplus, while Eurozone data disappointed but ECB reassurance steadied the euro.📈 📉 Technically, GBP/USD held under 1.3170 resistance, EUR/AUD tested 1.80, and WTI stayed bearish below $60.🔜 📰 Looking ahead, focus turns to Japan’s household spending, China’s trade balance, and Canada’s jobs data to gauge the next wave of cross-asset volatility.
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With Global Risk Sentiment Mixed And Major Data Ahead — Which Market Will You Be Watching Most Closely Today? ❓
Anonymous Poll
50%
💵💴 USD/JPY – Reaction to Japan’s household spending data
100%
🥇 XAU/USD – Testing the $4,000 zone as fiscal jitters linger
50%
🇨🇦 CAD pairs – Ahead of Canada’s key employment report
50%
💶💵 EUR/USD – Responding to Germany’s trade balance release
Forwarded from Prop Trader Global | Forex • Crypto • Gold
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* Forex: Open 24 hours, *Monday to Friday*.
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* Crypto: Smaller but growing fast — *less regulated*, higher volatility.
* Forex: More stable price movements.
* Crypto: Wild swings = *higher profit potential*, but *greater risk*.
* Forex: Currency pairs like *EUR/USD or GBP/USD*.
* Crypto: Digital assets like *BTC, ETH, XRP*, and many more.
Bottom Line:
Forex is perfect for those who prefer stability and structure.
Crypto suits traders who thrive on volatility and innovation.
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👁🗨🟩 NVIDIA – Slides -3.65% for 3rd Day as AI Leaders Retreat; $440B Cap Wiped Since Mon
🔽 NVDA extended its pullback, marking a third straight decline as mega-cap AI names cooled and headlines swirled around China export limits and CEO Jensen Huang’s “nanoseconds behind” remark. Sentiment jitters overshadow ongoing AI infra deals and ecosystem wins.
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🧠 What’s Driving the Move?
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📊 Daily Loss: -3.65%
📌 Resistance: 207.00 → 220.00
📌 Support: 179.80 → 167.00
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⚠️ Momentum Alert:
Failure to hold above the 200 zone risks 179.80. A close back over 207.00–210.00 would neutralize the slide and re-open 220.
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🧠 What’s Driving the Move?
• Risk-off in AI: Big Tech/AI cohort fades; Nasdaq under pressure.🌐 📉
• China overhang: Lawmakers back curbs on top-end chips; Huang tempers comments. 🇨🇳📉
• Tape factors: $440B market-cap drawdown in 3 sessions amplifies volatility.📊
• Flow/news mix: Insider sales & mixed headlines vs. steady AI infrastructure demand.📈 🗞
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Failure to hold above the 200 zone risks 179.80. A close back over 207.00–210.00 would neutralize the slide and re-open 220.
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🛢 USOIL – Rebounds Above $60 After 3-Day Slide as Traders Eye OPEC & IEA Reports
🔼 WTI crude edges +1.20% higher today, snapping a 3-day decline but still set for a 2nd straight weekly loss amid persistent oversupply concerns. Gains came as geopolitical risks in Russia and Venezuela lent modest support ahead of next week’s OPEC and IEA market outlooks.
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🧠 What’s Driving the Move?
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📊 Daily Gain: +1.20%
📌 Resistance: 61.70 → 65.20
📌 Support: 56.90 → 53.70
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⚠️ Momentum Alert:
WTI rebounds off 59.60 lows but remains within a bearish channel. A break above 61.70 could trigger short-covering toward 65.20, while failure to hold 59.80 risks a 56.90 renewed pressure.
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🧠 What’s Driving the Move?
• EIA data: U.S. crude stocks rose +5.2M barrels, fueling glut concerns. 🛢↗️
• OPEC+ output: Group to raise production in Dec but pause further hikes in Q1 2026. 🛢🏭📈
• Geopolitics: Drone strikes on Russian refineries and Venezuela unrest cap downside. 🇷🇺🇻🇪
• Market tone: Risk-aversion easing slightly as dollar softens into weekend trade.💵 📉
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WTI rebounds off 59.60 lows but remains within a bearish channel. A break above 61.70 could trigger short-covering toward 65.20, while failure to hold 59.80 risks a 56.90 renewed pressure.
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Today’s Non-Farm Payroll (NFP) report is expected to be canceled due to the ongoing U.S. government shutdown.
With major departments closed, including the Bureau of Labor Statistics, the release of key economic data like NFP is temporarily suspended.
Expect lower liquidity and increased uncertainty in the USD pairs and gold as markets react to the absence of major data guidance.
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🇺🇸 US Shutdown:
Still ongoing — limiting official data releases. Focus shifts to private reports.
The record-long shutdown may be ending soon. Republicans warming to extending ACA/Obamacare subsidies.
The Supreme Court began hearings on legality of Trump’s tariffs.
Some conservative judges sceptical — ruling could go against Trump.
If overturned, the administration could invoke Section 122 (Trade Act 1974) for 15% temporary tariffs.
🇨🇳 China PMIs:
Disappointed in October due to weak export orders tied to tariff threats.
• Bond yields: Volatile — up on ADP data, down on job cuts
• Stocks: Weighed by bubble fears
• USD: Ended week flat
🇪🇺 Eurozone Sentix & German ZEW
🇺🇸 US NFIB Small Business Optimism
🇨🇳 China Retail Sales, Industrial Output & Housing Data
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👍2
Stay alert, traders — a busy week ahead for the markets:
🇦🇺 Nov 10 (Mon): Reserve Bank of Australia Interest Rate Decision – all AUD pairs. 03:30 GMT.
🇺🇸 Nov 11 (Tue): Veterans Day – US banks & bond markets closed; expect lower liquidity. (Holiday)
🇺🇸 Nov 12 (Wed): US CPI & Core CPI – major USD move potential. 13:30 GMT.
🇺🇸 Nov 13 (Thu): US PPI & Federal Budget Update – key for USD sentiment. 13:30 GMT.
🇺🇸 Nov 14 (Fri): US Retail Sales & global risk-headlines – continued USD focus. 13:30 GMT.
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📊 Weekly Market Movers | November 03 – November 07
The New Zealand dollar slumped across the board after the RBNZ cut its cash rate by 25 bps to 5.25 % and signaled more easing ahead. European and UK currencies outperformed on policy divergence, while oil retreated again amid demand concerns and stronger U.S. supply. 📣
The New Zealand dollar slumped across the board after the RBNZ cut its cash rate by 25 bps to 5.25 % and signaled more easing ahead. European and UK currencies outperformed on policy divergence, while oil retreated again amid demand concerns and stronger U.S. supply. 📣
🇪🇺🇳🇿 EUR/NZD up 2.03 % → 2.0541 – Euro surged as RBNZ’s surprise rate cut contrasted with the ECB’s hold-and-pause stance.
🇬🇧🇳🇿 GBP/NZD up 1.85 % → 2.3369 – Sterling advanced as New Zealand’s dovish pivot weighed heavily on the kiwi while UK PMI data showed stability.
🇳🇿🇯🇵 NZD/JPY down 2.10 % → 86.27 – Kiwi tumbled against the yen as rate differentials narrowed and traders unwound carry trades post-RBNZ.
🇳🇿🇺🇸 NZD/USD down 1.73 % → 0.5623 – NZD hit a six-week low after the rate cut and dovish forward guidance, despite softer U.S. payrolls data.
🛢 USOIL down 1.71 % → 59.83 – Oil fell for a fourth straight week as U.S. inventories rose by 3.1 mb and the IEA reiterated a slowing demand outlook.
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AUDUSD , EURUSD , GBPUSD , USDCAD , USDJPY , SP500 , BTCUSD
We'll break down each pair's Daily Support & Resistance zones, helping you:
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🟩♏️🥤 MONSTER BEVERAGE – Surges 5% to Record Highs After Q3 Beat and Global Expansion Momentum
🔼 MNST shares soared +5.16% after posting a 16.8% YoY jump in Q3 revenue to $2.20B and a 41% rise in net income to $524.5M, surpassing Wall Street expectations. The stock touched a new all-time intraday high at $72.62, fueled by strong international growth and new product launches across key markets.
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🧠 What’s Driving the Move?
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📊 Daily Gain: +1.20%
📌 Resistance: 70.20 → 72.00
📌 Support: 66.50 → 64.00
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⚠️ Momentum Alert:
A sustained break above $70.20–$72.00 opens $75, while short-term support holds near $66.50.
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🧠 What’s Driving the Move?
• Earnings Beat: Q3 EPS of $0.56 vs $0.48 expected; revenue topped $2.20B.📊 📈
• Product Innovation: New launches — Monster Energy Electric Blue™, Orange Dreamsicle®, Predator® Wild Berry — expand market presence.🆕 🥤📈
• Global Growth: International sales up 23%, now accounting for 43% of total revenue.🌐 📈
• Analyst Action: Price targets raised — JP Morgan ($75), Wells Fargo ($75), BofA ($77), Evercore ($80). 🏦📈
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A sustained break above $70.20–$72.00 opens $75, while short-term support holds near $66.50.
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The crypto market is lighting up again! Over the past 24 hours, Bitcoin, Ethereum, and major altcoins have surged, signaling renewed optimism across the digital asset space.
🪙 Market Highlights:
Bitcoin (BTC) surged to $106,552, breaking through key resistance and leading the global rally.
Ethereum (ETH) climbed to $3,611.95, showing strong follow-through momentum and attracting renewed institutional interest.
Altcoins like Solana, XRP, and Dogecoin also posted solid gains, reflecting a broad market upswing.
The total crypto market cap jumped sharply, with overall sentiment turning decisively bullish.↗️ What’s Driving the Move:
A weaker U.S. dollar and improved global risk appetite.
Institutional inflows returning to Bitcoin and Ethereum, signaling renewed long-term confidence.
Short liquidations across major exchanges amplifying the upside momentum.
The rally looks strong, but volatility remains high — quick corrections are still possible.
Keep an eye on upcoming U.S. inflation data and Federal Reserve remarks, which could influence the next market move.
Traders should monitor support around BTC $100 K and ETH $3.5 K for potential retests.
This surge isn’t just about Bitcoin — it’s a market-wide breakout. After weeks of consolidation, crypto is once again at the center of global attention. Whether this marks the beginning of a larger bull run or a short-term spike, one thing is clear: crypto is back in the spotlight.
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🧠 What’s Driving the Move?
• Rate-Cut Momentum: Markets now see up to a 70% chance of a December Fed rate cut after October jobs data showed declines in government and retail employment. 🇺🇸✂️
• Soft U.S. Dollar: USDX slipped 0.1%, improving gold’s affordability for global buyers.💵 📉
• Shutdown & Growth Risks: U.S. Senate advanced a bill to end the record 40-day government shutdown, but prolonged damage to consumer sentiment weighed on growth expectations. 🇺🇸🏛🔚
• Safe-Haven Flows: Heightened geopolitical and trade tensions boosted demand for non-yielding assets.🌐 📈
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Gains are extended above the $4,000 psychological level, with bulls eyeing $4,100–4,350 next. A sustained break above this zone could reopen a path toward $4,400.
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₿ BITCOIN – Rises for 2nd Straight Session as Shutdown End and Stimulus Hopes Lift Risk Appetite
🔼 BTC/USD extends its rebound +1.50% above $106K, rallying for the 2nd consecutive session as optimism over the U.S. government shutdown ending and Trump’s proposed $2,000 “tariff dividend” boosted risk sentiment. Analysts also flagged whale accumulation and ETF rotation as signs of growing market maturity.
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🧠 What’s Driving the Move?
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↗️ Daily Gain: +1.50%
📌 Resistance: 106,700 → 114,500
📌 Support: 101,200 → 94,430
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⚠️ Momentum Alert:
Eyes on a breakout above $106.7K to confirm continuation toward $108K–$112K, where major liquidity clusters sit. Holding above $104.9K keeps the bullish bias intact.
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🧠 What’s Driving the Move?
• Shutdown Relief: The U.S. Senate advanced a 60–40 bill to end the record 40-day shutdown, reviving liquidity and fueling a global risk-on move. 🇺🇸🏛🔚
• Stimulus Buzz: Trump’s proposed $2,000 per person “tariff dividend” revived liquidity hopes reminiscent of the 2020–21 stimulus era. 🇺🇸🤑
• Whale Rotations: On-chain data show long-term whales moving BTC to exchanges at the highest rate since July — analysts see this as “quiet redistribution,” not a sell-off.🐳 🔀
• Institutional Dynamics: Bitcoin ETFs recorded $1.2B outflows last week, but analysts believe old holders are rotating into tax-efficient ETF structures. 🏦💸 ↗️
• Macro Tailwinds: Fed balance-sheet expansion talk and QT slowdown support liquidity-sensitive assets like crypto. 🇺🇸📈 📊
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Eyes on a breakout above $106.7K to confirm continuation toward $108K–$112K, where major liquidity clusters sit. Holding above $104.9K keeps the bullish bias intact.
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