Market News

It seems that gold is finally showing a bit of fighting spirit again this week. After the beating the precious metal has taken over the past two months, I would say that gold buyers have earned themselves a little reason to smile perhaps. That being said, they still have to address the question of whether is this the start of something bigger or just another recovery that will eventually run out of steam?

Gold prices are up over 6% so far this week, with the US midterm elections providing an added boost to the rebound. The Democrats' sweeping victory has weighed on the dollar and now Treasury yields, giving gold some much-needed breathing room.

In the bigger picture though, things remain fairly complicated with the tech shares still looking…

• Germany September industrial orders +4.4% vs +4.8% m/m expected
• Prior -10.6%; revised to -10.1%
• Germany September industrial orders +3.3% y/y
• Prior +3.2% (revised)

The strong rebound in German manufacturing orders in September comes mainly from a notable recovery in the automotive industry. New orders there grew by 10.5% on the month, after new orders and production had been at a low level in the two preceding months due to production changeovers and factory shutdowns. That had been a bit of a drag on the monthly figure as seen with the gnarly estimate in August.

Besides that, the growth in mechanical engineering also had a positive impact on the overall figure in climbing by 8.3% in September. This increase was driven by a major order for the…

US Stocks Surge on Democrat Election Victory as Oil Prices Crash Over 8%

US equity markets rallied strongly in trading yesterday as a resounding Democrat victory in the mid-term elections boosted investor confidence and raised hopes of a quicker resolution to the ongoing conflict in the Middle East. The Dow Jones led the gains, surging 3.03% to close at 53,356, while the broader S&P 500 climbed 1.58% to finish at 7,688. The Nasdaq also posted strong gains, rising 1.44% to close at 25,736, as investors welcomed the prospect of reduced geopolitical tensions and a potential easing of pressure on the global economy.

US Treasury yields moved sharply lower across the curve as markets reacted to the election results and reassessed the…

Just when you think that the worst might be over, the market looks to be deciding to throw another tantrum. After yesterday's impressive comeback, tech stocks are once again starting to give investors another headache today.

S&P 500 futures are down 0.3% while Nasdaq futures are falling by 1.3%, as the optimism following the US midterm elections starts to wear thin again. So, are we going to see another déjà vu moment?

I wouldn't be quick to rule that out. After all, yesterday's early beatdown eventually gave way to a remarkable turnaround with the Nasdaq closing 1.4% higher. That being said, the only problem is that the underlying concerns surrounding the AI trade haven't really gone anywhere.

The Democratic sweep has raised prospects of…

There are just a couple of key expiry levels to take note of on the day, as highlighted in bold below.

They are for EUR/USD at the 1.1250 and 1.1275 levels, with the strike prices holding in between the spot price. As such, the expiries could act as bookends in keeping price action more contained in the session ahead. That unless we get any major swings in dollar sentiment or risk headlines to influence price action.

The expiries at 1.1250 will be the more interesting one with that resting near key resistance from around 1.1254, that being the 23.6 Fib retracement level of the swing lower from August to October. So, the expiries could keep price action more anchored and attract more two-way flows ahead of the cut as buyers try to muster a…

Apparently, the quickest way to bring oil prices back down is to give Trump a good old-fashioned electoral beating. That seems to be what the market is telling us after the Democrats swept the US midterms at least.

WTI crude is coming under heavy selling pressure since overnight as traders are betting that Trump's political setback could pave the way for a de-escalation of the US-Iran war. So, why exactly the change of heart?

Well, Trump now faces a much tougher political landscape at home after Democrats have taken over control of Congress. The war has already taken a toll on the average American through higher energy prices and the election results suggest that voters have had enough. So, the idea here is perhaps that might finally give…

Nasdaq Futures tradeCompass Today: Bears Take Control Below 28,270 as Semiconductor Weakness Returns

Nasdaq-100 Futures (NQ) | November 5, 2026

tradeCompass directional score: -6 / +10 (Bearish)

The Nasdaq futures tradeCompass has activated its bearish threshold at 28,270, putting sellers in control for now. With NQ trading around 28,217 at the time of this analysis, the immediate focus is on downside targets, while a sustained recovery above 28,400 would be needed to activate the bullish scenario.

Qualcomm's dramatic reversal raises another warning for Nasdaq bulls

The correction in semiconductor stocks may not be over.

Yesterday, Qualcomm (QCOM) rallied more than 5% during regular trading, only to reverse sharply following its earnings…

• Bitcoin analysis after the US midterms: Bulls are back, but $82,000 could change everything
• 168 of 225 Nikkei stocks rise, but AI losses drag the index lower as the Topix rallies
• China blocks SoftBank’s $5.4 billion ABB robotics deal, FT says, in blow to Son’s AI push
• Gold jumps as oil slumps on Iran diplomacy hopes, an early test of Citi’s thesis
• Sidecars and exam days: two Korean market quirks explained as the KOSPI slides 4%
• Bank of England preview: first hike to 4% expected as energy pushes inflation to 3.5%
• Berkshire adds $27 million of Sirius XM as investors rotate from AI toward value stocks
• Australia’s trade surplus jumps to A$2.8 billion, a seven-month high, on LNG and metals
• Japan services PMI edges up to 51.7, but composite slips to…

The block adds a regulatory overhang to SoftBank on a day the shares were already under pressure from Arm and the AI selloff, and uncertainty over whether a fresh application is viable may keep that pressure on. For ABB, the robotics unit stays on its books, with investors likely to focus on whether it revives a separation plan. China’s role as the largest market for the business gives Beijing significant leverage, a reminder of the late-stage risk Chinese reviews pose to cross-border tech deals. Robotics and automation names may see sentiment effects as the physical AI investment case faces a geopolitical hurdle.

- Son wanted ABB’s robots for SoftBank’s physical AI future; the robots’ biggest market has said no.

Summary:

• Chinese regulators…