Market News

Yesterday, I did a post-on gold sellers on the back of news Kazakhstan was selling some of the reserves. I spoke cautiously in regard to the move given the semi-holiday trading, but acknowledged that the precious metal was testing a key target near the 100 and 200 hour moving averages and that the area would help define the next move.

See the post and the video HERE

Gold buyers ended up defending the  important technical area. The price has bounced higher in trading here today but those buyers still have work to do before claiming more control.

The pullback tested the 100-hour and 200-hour moving averages (blue and green lines on the chart below), where willing buyers helped stall the decline. The price has since bounced above those levels…

Bitcoin moved lower yesterday, breaking below its 100-hour moving average and approaching the bottom of the swing area at $81,183. The low reached $81,388, falling short of that key downside target before buyers stepped back in.

Sellers had their shot. They missed.

The rebound subsequently carried the price above the 100-hour moving average at $82,997 and the 200-hour moving average at $83,545. However, buyers could not sustain the upside momentum. The price has since slipped back between those two technical levels.

Moving averages become the barometers

With bitcoin sandwiched between the hourly moving averages, traders have clear levels to define risk and judge who is taking control:

• Above the 200-hour MA at $83,545: The bias becomes more…

Silver came under renewed selling pressure yesterday as oil prices climbed to fresh weekly highs. Meanwhile, the Middle East situation remains largely unchanged, with Houthi attacks on Saudi Arabia continuing and US-Iran negotiations still at an impasse.

This backdrop is likely to keep a lid on silver’s upside unless the Fed adopts a more dovish stance, leading to a decline in real yields and US dollar.

Looking ahead, US-Iran negotiations will remain in focus, but tomorrow’s US CPI report could also be a major catalyst in case the data deviates from expectations.

A higher than expected core CPI could increase the chances of a Fed rate hike in October, putting further pressure on silver…

Nostradamus has been dead for centuries, but his followers are still around, especially in finance, with Ray Dalio warning that the AI bubble may be close to bursting as interest rates rise and tech companies take on massive debt to build AI infrastructure.

Are we heading for another dot-com crash?

Things do seem to be getting murkier for the sector, with OpenAI’s annualized revenue reaching around $50 billion at the end of September, $20 billion below the previously expected $70 billion. As concerns grow that AI demand may be slowing and revenues may not justify massive infrastructure investments, Oracle, Microsoft, and Nvidia shares, alongside the Nasdaq-100, have naturally come under pressure. 

This week, selling pressure also spread to…

The U.S. dollar is lower after yesterday’s rise, with Treasury yields easing as the U.S. bond market returns from the Columbus Day holiday. Oil is also backing away from yesterday’s elevated levels, although the Middle East headlines continue to keep traders on alert.

Stocks are more divided. Dow futures are pointing to a solid gain, while the Nasdaq is under pressure after sharp overnight losses in Asian semiconductor stocks. Earnings season is underway, with the first major bank and healthcare reports providing a mix of beats and misses.

For traders, the question is whether today’s dollar pullback can develop into something more. A rebound against the dollar is a start. Holding support and breaking the next resistance levels would give…

Headlines:

• Solana underperforms as US spot Solana ETFs record net outflows, ending a 14-week inflow streak
• Long global semiconductors remains the most crowded trade followed by short US Treasuries, according to Bank of America
• Oil prices retreat despite persistent Middle East tensions and stalled US-Iran negotiations. What's next?
• Connecting the dots: How the AI boom could turn into the Fed's next inflation headache
• Bitcoin recovers losses as oil prices ease: focus turns to US CPI as next key catalyst
• Chart of the day: EUR/CHF bounces this week but French bond spreads warn euro risks aren't over
• Oil price volatility takes gold for a ride as focus turns to US CPI next. What to watch?
• European stock market open: Stocks edge higher but gains remain…

The latest Bank of America Global Fund Manager Survey showed investors have become less optimistic about the macroeconomic outlook, while positioning in technology stocks remains near its most extreme level in six years. The survey was conducted between October 2 and October 8 among 161 participants managing $453 billion in assets.

The Bank of America Global Fund Manager Survey (FMS) is one of the most influential monthly reports in the financial world. It polls roughly 200 to 400 institutional fund managers (people managing hundreds of billions of dollars in hedge funds, pension funds, and mutual funds) to see how they are positioned in the markets.

The survey is often used as a contrarian indicator because extreme positioning can reveal…

Alpari has won the "Best Execution" Award at Dubai Forex Expo 2026, recognising the brand's focus on order execution and the experience it delivers to traders across its range of accounts and platforms.

Established in 1998, Alpari brings more than 28 years of experience in the financial markets. The award adds to its industry profile and draws attention to a part of trading that shapes the client experience directly: how orders are received and executed.

Why execution matters to traders

Order execution is a fundamental part of every trade. When a trader clicks Buy or Sell, the order has to be received, processed and executed according to the market conditions available at that moment.

That process runs through the everyday actions traders…

Solana came under renewed pressure yesterday as the broader crypto market weakened amid surging crude oil prices. SOL is also showing signs of relative weakness, with US spot Solana ETFs recording their first weekly net outflows after a 14-week streak of inflows.

During the Asian session, the pullback in oil prices helped trigger a reversal across risk assets, including cryptocurrencies. However, the geopolitical situation remains broadly unchanged, with continued Houthi attacks on Saudi Arabia and US-Iran negotiations at a stalemate. Unless the Fed turns more dovish, these risks could continue to cap SOL's upside

Looking at Solana-specific developments, Samsung…

Crude oil gave back some of yesterday’s gains overnight, although the geopolitical situation remained unchanged.

The Houthis continue to attack Saudi Arabia, keeping concerns about further disruptions to energy infrastructure and shipping routes high. Meanwhile, US-Iran negotiations remain at a stalemate, with no breakthrough in sight to reopen the Strait of Hormuz.

On the Russia-Ukraine front, the proposed energy ceasefire remains uncertain, with Kiev reporting further Russian strikes on energy infrastructure. Meanwhile, potential increases in Russian fuel exports could help ease refined-product supply constraints, although it might just be a short-term relief.

Oil…

Bitcoin had a negative day yesterday as the broader crypto market came under pressure after crude oil surged to new weekly highs.

In the Asian session, though, oil prices pulled back and we saw a quick reversal in many risk assets, including bitcoin.

The geopolitical situation remains basically unchanged as the Houthis continue to attack Saudi Arabia, while the US-Iran negotiations are in a deadlock. Unless the Fed turns more dovish, the geopolitical risks will likely continue to cap the upside.

Looking ahead, tomorrow we get the US CPI report, which is going to be a key near-term catalyst. Higher than expected core inflation could trigger a selloff in bitcoin on a hawkish repricing…

Here's some food for thought. What if I told you that amid all the excitement about AI and how it is transforming our lives, some of that could eventually show up on your electricity bill? That would be interesting, no?

Let's break it down and take a look at how that might turn out to be the case in reality.

Now, when we talk about AI, we tend to imagine smarter chatbots, robot innovation, and tech stocks taking off to the moon. However, there's a much less glamorous side to all of that. I mean, somebody has to be the one to build enormous buildings to house all those computers, and then also keep them running around the clock. Yes, I'm talking about data centres here. And these buildings need electricity to work and cooling systems to stop…