Market Sentiment for October 16, 2026

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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🇺🇸 Pre-market trading trends on the US stock market

📈 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.

Forex is driven by yields

Falling Treasury yields are weakening the US dollar.

The Australian dollar has plummeted amid cracks in the labour market.

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▶️ Pro News Weekly: US Inflation Shakes Markets

Welcome to Pro News Weekly!

💵 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.

📈 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.

🪙 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.

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

📊 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! 🔔

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Apple Wave Analysis – 16 October 2026

– Apple reversed from strong resistance level 346.00

– Likely to fall to support level 330.00

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AUDJPY Wave Analysis – 16 October 2026

– AUDJPY reversed from key support level 109.00

– Likely to rise to resistance level 111.00

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Polkadot Wave Analysis – 16 October 2026

– Polkadot reversed from support level 1.0300

– Likely to rise to resistance level 1.2600

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USDCHF Wave Analysis – 16 October 2026

– USDCHF broke daily up channel

– Likely to fall to support level 0.8200

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⚠️ UK — BOE Governor Andrew Bailey Speaks at 06:45 GMT

🗓 Economic Calendar at 2026/10/19 (GMT)

21:45 🇳🇿 Trade Balance — Exp: -775M Actual: -1971M | -6175M

02:00 🇨🇳 ⚡️ Real GDP — Exp: 4.4% Actual: 4.5%

02:00 🇨🇳 ⚡️ Real GDP (YTD) Actual: 4.6%

02:00 🇨🇳 Fixed Asset Investment — Exp: -7.3% Actual: -7.2%

02:00 🇨🇳 Industrial Production — Exp: 5.4% Actual: 5.5% | 5.3%

02:00 🇨🇳 NBS Press Conference


[Updated in real time]

⚠️ China — Real GDP at 02:00 GMT

✔️ Prev: 4.3%

🕒 Exp: 4.4%

🎯 Fact.: 4.5% 📈

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⚠️ China — Real GDP (YTD) at 02:00 GMT

✔️ Prev: 4.7%

🎯 Fact.: 4.6%

🗓 Economic Calendar at 2026/10/20 (GMT)

12:30 🇨🇦 ⚡️ Consumer Price Index — Exp: 0.2% | 3.2% Actual: 0.1% | 3.1%

12:30 🇨🇦 Core CPI Actual: 0.0% | 2.2%

12:30 🇨🇦 Common Core CPI — Exp: 2.6% Actual: 2.4%

12:30 🇨🇦 Trimmed Core CPI — Exp: 1.9% Actual: 1.8%

12:30 🇨🇦 Median Core CPI — Exp: 2.0% Actual: 1.9%

06:00 🇬🇧 Claimant Count Change — Exp: 19.4K

06:00 🇬🇧 Average Earnings Index — Exp: 3.8% | 3.6%

06:00 🇬🇧 Unemployment Rate — Exp: 4.9%


[Updated in real time]

Market Sentiment for October 19, 2026

Crypto: bulls count on seasonality

The crypto market capitalisation stood at $2.76T on Monday, 2.5% below the levels seen seven days ago. The market has been trading within a narrow range around its 50-day moving average for the past four days, finding support on dips to $2.70T, but lacking the momentum to break above $2.80T. The movement over the past 24 hours is giving cause for cautious optimism, as the coins with the largest market capitalisation are gaining between 1% and 2%. Among the most liquid coins, those rising outnumber those falling by almost two to one. The leaders in growth are Hyperliquid, Uniswap and Solana, each gaining just over 2%. The biggest declines were seen in Hedera (−3.8%), Basic Attention Token (−2.4%) and Aptos (−2.2%). In traditional markets, a local bottom often forms towards the end of October. Consequently, investors in major coins are banking on seasonal trends working in their favour to recoup last week's losses.

Bitcoin is up 1.4% over the past 24 hours to $82.8K. Over the weekend, bulls continued to buy dips in Bitcoin near the 50-day moving average, creating a favourable backdrop for the entire cryptocurrency market. Risk appetite in Asian trading is helping BTC, but so far, this rise is better described as a rebound than a resumption of upward momentum. Last summer, fluctuations around this level stretched out over a month, and it was only the strong surge on 19 August that signalled the start of a bull run.

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▶️ EUR/USD. Alternative

Today is Monday, October 19, and let’s talk about an alternative scenario for the EUR/USD market, one that has a very high probability of playing out. For this, we’ll use the four-hour chart, where, as a reminder, an ABC structure is currently developing.

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⚠️ Canada — Consumer Price Index at 12:30 GMT

✔️ Prev: -0.1% | 3.0%

🕒 Exp: 0.2% | 3.2%

🎯 Fact.: 0.1% 📉 | 3.1% 📉

🇺🇸 Pre-market trading trends on the US stock market

📈 The US stock market is showing mixed trends in pre-market trading, with a slight upward bias: major technology companies are, on average, outperforming the market, while commodities and some consumer stocks remain under pressure.

In the Information Technology sector, NVIDIA (NVDA) is up 1.86%, Broadcom (AVGO) is up 3.24%, while Microsoft (MSFT) is down 0.13%.
In the Communication Services sector, Alphabet (GOOGL) is up 0.71%.

In the Energy sector, Exxon Mobil (XOM) is down 1.11%, while Chevron (CVX) is down 1.23%.

Pre-market trading reflects a cautious risk-on mood: interest in major tech names is supporting risk appetite, but weakness in the energy sector and parts of the cyclical sectors is dampening overall optimism.

This creates a neutral backdrop for the dollar: demand for safe-haven dollar assets is not strengthening, but there is as yet no significant pressure on the currency from the reallocation of global capital.