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πŸ‡ΊπŸ‡Έ Pre-market trading trends on the US stock market

πŸ“ˆ Mixed trends are prevailing in the US stock market's pre-market session: gains among a number of major companies are offsetting losses in the technology sector, while the overall picture does not indicate a marked flight from risk.

In the Information Technology sector, NVIDIA (NVDA) is down 1.73%, Apple (AAPL) is up 0.68%, while Microsoft (MSFT) is down 0.42%.

In the Communication Services sector, Alphabet (GOOGL) is down 0.75%.

In the Financials sector, Berkshire Hathaway (BRK.B) is up 0.88%, while Visa (V) is up 1.14%.

Under these conditions, the foreign exchange market is receiving mixed signals: risk appetite for certain blue-chip stocks is holding back demand for the dollar as a safe-haven asset, while weakness in parts of the technology sector is not generating a pronounced flow of capital either into or out of the dollar. As a result, the short-term trend for the USD remains largely neutral, with no clear momentum toward sustained strengthening or weakening.
▢️ GBP/USD. Larger triangle

Today is Thursday, October 15, and we’re going to talk about the British pound and its reaction to the inflation data that came out in the US yesterday. Let’s look at and discuss only the daily chart today.

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The yen seized the moment

The selling of the USD, verbal interventions, and β€˜hawkish’ rhetoric from the BoJ have helped the yen.

The wide bond yield spread suggests the USDJPY uptrend remains intact.

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⚠️ New Zealand β€” RBNZ Governor Anna Breman Speaks at 17:15 GMT
▢️ Pro News Flash: Pound Under Pressure

πŸ’· The British pound is facing mounting pressure as investors weigh expectations of a Bank of England rate hike in November against slowing economic growth and persistent budget concerns. Sterling has reached a 16-month high against the euro, but speculators have increased their net short positions on the pound for three consecutive weeks, signalling growing caution.

πŸ“‰ The divergence between the UK and US economies is adding to the pressure on GBP/USD. Wall Street Journal experts have raised their 2026 US GDP growth forecast from 2.1% to 2.4%, while higher inflation, rising interest rates and a soft labour market threaten to weigh on UK business activity. Meanwhile, 30-year UK government bond yields have climbed above 6%, reflecting concerns over the budget and capital outflows.

🏦 Monetary policy could be another key driver. The Bank of England is expected to raise its repo rate from 3.75% to 4% in November, while the Federal Reserve may delay its next hike until December. If these expectations hold, borrowing costs in the US and UK could converge by next month, although elevated bond yields may limit the BoE’s room to tighten policy further.

πŸ“Š The outlook for EUR/GBP is also shifting. Net short positions on the euro have fallen to their lowest levels since February 2020. Bloomberg Economics expects the ECB’s deposit rate to reach 2.75% by the end of 2026 before easing to 2.5% by the end of 2027, while the BoE’s repo rate is expected to remain at 4% throughout the coming year. The big question is whether diverging growth prospects and central bank expectations will keep the pound under pressure.

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⚠️ UK β€” BOE Governor Andrew Bailey Speaks at 02:00 GMT
⚠️ USA β€” Federal Reserve Chairman Kevin Warsh Speaks at 03:30 GMT
⚠️ Canada β€” BOC Governor Tiff Macklem Speaks at 04:15 GMT
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FxPro pinned Β«πŸ—“ Economic Calendar at 2026/10/17 (GMT) 13:15 πŸ‡ΊπŸ‡Έ Industrial Production β€” Exp: 0.4% Actual: 0.7% 06:45 πŸ‡¬πŸ‡§ ⚑️ BOE Governor Andrew Bailey Speaks [Updated in real time]Β»
Market Sentiment for October 16, 2026
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The crypto market has found buyers

The crypto market rose by 2.2% to $2.76T over the past day, as bargain hunters stepped up their activity late on Thursday across a wide range of financial markets. The market managed to return to its 50-day moving average, suggesting bullish sentiment. In the world of traditional finance, October has a reputation as the 'bear market killer', while in the cryptocurrency world, it is even referred to as 'Uptober'. Given this backdrop, the psychological edge lies with the bulls, despite a rather disheartening first half of the month. This likely explains why cryptocurrencies have turned upwards across the board, with only two of the top 100 coins down over the past 24 hours. Among the most liquid coins, gains range from 16.9% (Basic Attention Token) and 11.7% (Aptos) to 1% (Bitcoin) and 0.6% (Tron). The market is moving like a flock of birds, abruptly shifting direction from a general decline to broad-based growth.

Bitcoin has been one of the weaker performers in terms of growth over the past day. Trading at $82K, the leading cryptocurrency once again saw a steady influx of buyers during the dip below $80K, avoiding a close below the 50-day moving average, which continues to act as support for the uptrend. This time, the global backdrop is favouring buyers, given the increase in bond purchases, the weakening of the dollar and the rally in key US indices on Thursday.

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πŸ‡ΊπŸ‡Έ Pre-market trading trends on the US stock market

πŸ“ˆ The US stock market is showing a moderately positive trend in pre-market trading: key technology mega-caps and several cyclical sectors are trading in positive territory, setting an overall risk-on tone.

In the Information Technology sector, Apple (AAPL) is up 1.88%, while Micron Technology (MU) is down 2.17%.

In the Financials sector, Berkshire Hathaway (BRK.B) is up 0.39%, while Bank of America (BAC) is virtually unchanged, up 0.02%.

In the Consumer Discretionary sector, Tesla (TSLA) is up 3.13%, while Amazon (AMZN) is down 0.15%.

The largest companies by market capitalisation are, on average, showing growth, which indicates investors’ willingness to take on more risk in US equities.

This situation supports a risk-on environment: under these conditions, the dollar is not seeing a significant inflow of capital as a safe-haven asset, and its short-term performance is largely neutral, with the potential for moderate consolidation against a basket of major currencies.
▢️ Pro News Weekly: US Inflation Shakes Markets

Welcome to Pro News Weekly!

πŸ’΅ The US dollar struggles to gain momentum as accelerating inflation keeps the Fed’s monetary policy in focus. AI-related developments and falling Treasury yields add further uncertainty.

πŸ“ˆ US stocks suffer their worst single-day slump since July as tech shares sell off and inflation rises. The Russell 2000 enters correction territory, while investors rotate towards companies with strong AI exposure and core businesses.

πŸͺ™ Gold rebounds within its $4,070–4,210 range as declining expectations for an October rate hike provide support, despite inflation pressures and uncertainty over the Fed’s next move.

β‚Ώ Bitcoin falls as rising inflation and a broad US stock sell-off weaken risk appetite, despite improving bullish sentiment among crypto analysts.

πŸ“Š Next week, traders will watch Chinese economic data, UK inflation and labour market figures, the UK budget, Japanese inflation, the SNB meeting and business activity data from Europe and the US.

Stay up to date with the latest developments on global markets in Pro News Weekly. Like, share and subscribe! πŸ””

πŸ”” Like, share, and subscribe for more weekly updates from FxPro!

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#FxPro #Tradelikeapro #Pronewsweekly #Dollar #Stocks #Gold #Bitcoin

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⚠️ UK β€” BOE Governor Andrew Bailey Speaks at 06:45 GMT
πŸ—“ Economic Calendar at 2026/10/19 (GMT)

21:45 πŸ‡³πŸ‡Ώ Trade Balance β€” Exp: -775M Actual: -1971M | -6175M

02:00 πŸ‡¨πŸ‡³ ⚑️ Real GDP β€” Exp: 4.4% Actual: 4.5%

02:00 πŸ‡¨πŸ‡³ ⚑️ Real GDP (YTD) Actual: 4.6%

02:00 πŸ‡¨πŸ‡³ Fixed Asset Investment β€” Exp: -7.3% Actual: -7.2%

02:00 πŸ‡¨πŸ‡³ Industrial Production β€” Exp: 5.4% Actual: 5.5% | 5.3%

02:00 πŸ‡¨πŸ‡³ NBS Press Conference


[Updated in real time]