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PropMarketCapFRESHMacroeconomics and central banks

Services 57.9, manufacturing 56.0, selling prices - highest since August 2022 ahead of the Fed meeting

S&P Global released preliminary US business activity indices for October today at 16:45 MSK. The indices themselves cooled slightly, but companies' selling prices are rising at the fastest pace in more than four years - and that's a week before the Fed meeting.

PropMarketCapFRESHCurrencies, commodities and indices

Gold broke below $4,000: gold price fell to a three-month low

On Thursday, October 22, XAU/USD lost more than 2% and dropped to $4,047, and in the Asian session on October 23 it reached **$3,986.74** - the lowest level in three months. The $4,066.64-$4,227.90 corridor, in which the metal had traded for three weeks since the start of October, was broken to the downside.

PropMarketCapFRESHMacroeconomics and central banks

US jobless claims fell to 194K - labor market stronger than forecast

The US Department of Labor reported: for the week ending October 17, initial jobless claims totaled 194K versus the expected 200K. This is one of the lowest levels in recent months, and the dollar immediately recovered part of its recent decline.

PropMarketCapFRESHCurrencies, commodities and indices

Dollar at a three-week low: DXY dollar index near 101.50, EUR/USD above 1.1240

The DXY dollar index (the dollar's exchange rate against a basket of major currencies) has fallen to a three-week low of around 101.50. Over the week, the dollar lost between 0.53% and 0.76% against each of the major currencies.

PropMarketCapFRESHCompany

The market expects a Fed rate hike, and the gold price has fallen below $4,100 - a one-week low

Overnight into Thursday, XAU/USD lost about 1% and moved to $4,095 - a one-week low. The reason is unusual: the market expects not a cut but a Fed rate hike in December, and money is leaving the metal that pays no interest.

PropMarketCapFRESHInstitutional players and funds

Daily inflows into Bitcoin ETFs reached $526.7 million - the highest since late September

On Monday, October 19, US exchange-traded funds on Bitcoin (funds through which institutions buy the asset like a regular stock on an exchange) attracted $526.7 million - the best daily inflow in almost a month. Almost the entire volume went into a single BlackRock fund.

PropMarketCapFRESHCurrencies, commodities and indices

In four days, the silver price fell by 5.9% and dropped below $57

On October 16, silver (XAG/USD) closed the day down 0.77% at $56.86 per ounce. From $60.45 on October 12, the metal has lost $3.59, that is, about 6% in a week.

PropMarketCapFRESHCrypto market

ETH +4.2% in 24 hours: $45.46 million in shorts liquidated after hot PPI

Ethereum rose to $2,444.75, gaining 4.2% in 24 hours. Over the same period, $73.42 million in ETH positions were liquidated, and almost 60% of them were shorts.

PropMarketCapFRESHMacroeconomics and central banks

Dollar slumped: Warsh gave no hints on the Fed rate, DXY at a 10-day low

Fed Chair Kevin Warsh spoke at 06:30 MSK at the IMF annual meeting in Bangkok and refused to give any hints on the rate. The dollar index DXY (the dollar's exchange rate against a basket of six currencies) moved to 101.82, down 0.22% and a 10-day low.

PropMarketCapFRESHCrypto market

Bitcoin bounced back from below $80,000 to $82,500 in two hours, $937 million liquidated on the crypto market

On Thursday, October 15, BTC dropped below $80,000, but recovered back to $82,300-82,500 in less than two hours. Over the day, $937.06 million worth of positions were forcibly closed on the crypto derivatives market.