EURUSD was little changed today, traded at $1.0890 amid bearish sentiments, kept falling since last September. Economic sentiments in EZ improved in October by 20.1, stronger than before and the industrial production grew by 1.8% in August – MoM after the contraction in July, that’s not bad for EUR bulls. ECB’s President Lagarde will deliver speech later today before big Thursday & ECB rate decision.

Price action broke the second support, edging lower to the last one which is likely to be executed today (almost done), then $1.0845. The technical diagram is almost done, so the reversal may happen soon.

USDJPY stabilized & traded unchanged today at 149.22. One of BoJ’s board members clarified that the conditions are already in place to normalize the monetary policy, which means that BoJ may start hiking the rates. At the same time, new Japanese Prime Minister showed opposition to further rate hikes. Japan’s exports & imports will be due later today.

Price action is still heading higher with lower velocity, targeting the last major resistance at 150. 147.50 & 146 are important support levels. Positive channel persists.

GBPUSD : Is the inflation in the UK going to change the markets’ sentiments towards GBP? GBPUSD was unchanged today at $1.3073, waiting for CPI, PPI & retail price index numbers later today. The forecasts showed weaker inflation, that’s what the BoE aims for. Weaker inflation in the UK may trigger faster rate cuts than expected by BoE.

Trading remained sideways (1H RSI is at 50 ) and likely to continue amid tight volatility until today afternoon. Keep an eye on $1.3130 (resistance ) and $1.3020 ( support for day-traders)

Gold never sleeps, kept advancing & traded higher this morning at $2667 per ounce with five consecutive days of bullish performance. The technical correction in USD index & US bonds yields supported further bets on gold. In the meantime, the rate cut in November was already priced in by almost 98% of the markets’ participants, that’s why the traders must be aware & prepared for higher volatility.

It was not a technical correction, and just short-lived profit taking. Price action is still heading higher to the last major resistance. $2640 is an important support.

Silver gained today & advanced to $31.61 per ounce, the highest in ten days, negatively correlated to weaker USD & lower bonds yields. We think that the traders are unlikely to start positioning before Friday, waiting for China’s GDP & industrial production numbers. Silver is less exposed to monetary policy than gold.

1H price action is heading higher to the 2nd major resistance ( likely to be today) . $31 & $30.50 are support for day-traders. Silver is still up by 3.8% in a week.

Crude oil prices slightly increased today, WTI $70.88 PB, Brent $74.51PB. IEA lowered its demand forecasts after OPEC cut its demand forecasts as well. According to many sources, Israel may attack Iranian military assets rather than the oil facilities, that’s why the pressure on oil prices continued. We keep an eye on API weekly crude oil inventories that will be released later today. , it increased by 10.9 million barrels two weeks before.

$72.90 is the support for day-traders, then $71.80 ( both are executed ) then $69.90 .Price action remained bearish as the traders’ behavior showed. Higher volatility will persist. Correction to $72 may happen as 1H RSI is increasing.

DAX index was little changed on Tuesday at record level & traded almost unchanged today . Economic sentiments in Germany improved by 13.1 in October, but the survey showed that the current situation worsened. German 30Y bond auction will be held later today.

A more bullish attitude gained momentum, heading higher to the last major resistance, supported by velocity of the price action. 19140 is support then 19035 (correction – if any). Trader’s behavior remained cautiously bullish.

NASDAQ: Profit taking took place on Tuesday, Dow Jones fell by -0.75%, followed by -0.76% in SPX & Nasdaq, which dropped -1%. Earning season in the US continued, investors are looking ahead to earnings reports from Morgan Stanley & Abbott Lab on Wednesday. In the meantime, US 10Y bonds yields slightly fell but remained above 4%, that’s why the risk appetite remained intact. Technical correction started from 20500, the next support will be at 19750, however the price action is not yet fully bearish. Higher volatility ahead.

BITCOIN: Three consecutive days of the gains in BTC that traded higher today at $67180, the highest since late July, Eth $2617, Solana $154.23 . According to Crypto-News, large investors in Bitcoin bought 1.5 million Bitcoins, roughly 7% of all BTC in circulation, such an accumulation supported the recovery in Bitcoins’ price. FYI, BTC gained 16% in a month. At the same time, BTC-ETFs have surpassed 5% of the total supply in Bitcoin. Velocity intensified, strongly heading higher to the last major resistance. Higher volatility ahead, so beware of the aggressive correction ( if happens ) that may target $62500 & $61700.