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PropMarketCapFRESHMacroeconomics and central banks

Pound slips to 1.3300 ahead of UK budget - Fed meeting today at 21:00 MSK

Today at 15:30 MSK UK Finance Minister John Healey presents his first annual budget, and at 21:00 MSK the Fed will announce its rate. GBP/USD is already at 1.3300 - the lowest since October 19.

PropMarketCapFRESHMacroeconomics and central banks

UK PMI: 53.1 vs forecast 51.8 - best growth in eight months

The preliminary business activity indices for October came in above forecasts across all three sectors, yet the pound barely gained against the dollar - but it pushed the euro to a 17-month low.

PropMarketCapFRESHCurrencies, commodities and indices

French bond yields soared to their highest since 2002, the euro gave up 1.1200

The EUR/USD pair on Thursday, October 22, fell below 1.1200 at the opening of the American session. In the morning, buyers tried to consolidate above 1.1250, but they were knocked out of there: the euro was hit simultaneously by the French debt market and rising oil prices.

PropMarketCapFRESHMacroeconomics and central banks

A packed Tuesday: China's LPR rate, ZEW, ADP and the Netflix report

On October 20 the calendar is packed from night until late evening: at 04:15 Moscow time China announces its benchmark LPR rate, at 12:00 the ZEW indices for Germany and the Eurozone are released, at 15:15 - weekly ADP employment data for the US, and at 23:05 Netflix reports. The movement will be stretched across the whole day rather than gathered into a single candle.

PropMarketCapFRESHMacroeconomics and central banks

China's GDP +4.5% vs forecast 4.4% - Bitcoin and Nasdaq moved up

At 05:00 Moscow time, China's National Bureau of Statistics reported economic growth of 4.5% in the third quarter against expectations of 4.4%. The data came in better than forecast on almost all counts, and risk appetite lifted Bitcoin, Nasdaq futures and Asian stocks.

PropMarketCapFRESHCurrencies, commodities and indices

Nasdaq -2.3% for the day: AI company stocks fell the hardest, worst week since April 2025

On Friday, October 16, the US stock market closed lower: Nasdaq lost 2.3%, S&P 500 - 1.2%. For the week, the Nasdaq 100 posted its steepest decline since April 2025.

PropMarketCapFRESHCurrencies, commodities and indices

EUR/GBP broke through 0.8442: the euro to pound rate at a 16-month low

EUR/GBP fell to 0.8442, the lowest level since June 2025. In less than three weeks, the pair lost about 1.92%, which is a notable move for an usually calm cross rate.

PropMarketCapFRESHCurrencies, commodities and indices

EUR/USD slumped to a 17-month low: German industrial orders -10.6%

EUR/USD fell to 1.1160, its lowest level in 17 months. Pressure on the euro was intensified by weak German industrial orders, which fell 10.6% in August against a forecast of a decline of only 1%.

PropMarketCapFRESHCurrencies, commodities and indices

France pushed the euro below 1.1200 - lowest since May 2025

EUR/USD lost about 0.85% on Monday and fell just above 1.1150, hitting its lowest since May 2025. Pressure on the euro intensified due to rising French government bond yields and uncertainty surrounding the country's budget.