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The Day Ahead - US Veterans Day HolidayKey Data UK: Unemployment rose to 5.0% (4-year high); wage growth slowed to 4.8%. Jobless claims up by ~26k → signals softer labor market. Japan: Economy Watchers survey improved – Current 49.1, Outlook 53.1 → better sentiment. Germany/Eurozone: ZEW sentiment mixed – Germany 39.3 (expectations) but weak current conditions; Eurozone fell to 22.7 → shows economic softness. US: Veterans Day – lighter trading. G7 foreign ministers meeting continues. Central Banks ECB: Vujčić, Kocher speaking. BoE: Greene speaking. → BoE under pressure to turn dovish after weak UK jobs data. Earnings Reports from SoftBank, Sony, Sea, Munich Re, Vodafone, Oklo. Market Impact GBP: Likely weaker after poor jobs data. EUR: Slightly weaker on soft ZEW survey. JPY: Supported by improved business sentiment. Equities: UK: mixed; weaker data may limit gains. Japan: positive tone. Europe: cautious on soft sentiment. Bonds: Yields may fall as rate-cut bets rise. Volumes: Lower due to US holiday. Takeaway UK jobs weakness = pressure on BoE to cut. Japan sentiment improving = positive for Asia. Europe still fragile. Light US trading → focus on UK and EU data. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead - central bank comments, inflation data,Key Data Japan: September leading/coincident indices, current account, and trade balance. BOJ’s Nakagawa speaks — could move the yen if tone is hawkish. Watch October bank lending data for hints on domestic demand. Denmark & Norway: October CPI — inflation persistence may drive NOK and DKK moves. Central Banks BOJ (Nakagawa): Any hint of tightening → stronger JPY. BoE (Lombardelli): Comments on sticky inflation → supports GBP, higher gilt yields. Earnings to Watch CoreWeave, Barrick Mining, Rocket Lab, AST SpaceMobile, Venture Global, Paramount Skydance, Rigetti Computing, Maplebear (Instacart). Tech/growth names could move sharply; Barrick may show commodity trends. US Treasury Auction $58 B 3-year notes — key for yield and risk sentiment. Weak demand → higher yields, pressure on equities. Strong demand → yields ease, supports stocks. Market Focus JPY: Sensitive to BOJ tone. NOK/DKK: CPI data risk. US yields: Watch 3-yr auction. Equities: Earnings and bond yields drive sentiment. Overall: Expect moderate volatility with central bank comments, inflation data, and the US bond auction shaping moves in FX, yields, and risk assets. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead - Central Banks and Inflation signalsToday brings a full slate of macro data, central bank events, and earnings. In Europe, German industrial production, Eurozone retail sales, and UK construction PMI will offer fresh signals on growth momentum, while Sweden’s CPI and Japan’s household spending provide inflation and consumption checks in their respective economies. Central bank activity is heavy: the Bank of England and Norges Bank are both expected to hold rates, while multiple Fed and ECB officials speak throughout the day, potentially influencing rate-cut expectations. The BoJ releases minutes from its September meeting. On the corporate front, a broad earnings mix includes AstraZeneca, ConocoPhillips, Rheinmetall, Airbnb, National Grid, Petrobras, Deutsche Post, Commerzbank, ArcelorMittal, Moderna, and Peloton, offering insight across healthcare, energy, and consumer sectors. Overall, markets will likely trade cautiously ahead of central bank remarks, with rotation toward defensives and rate-sensitive sectors amid mixed growth and inflation signals. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice., with rotation toward defensives and rate-sensitive sectors amid mixed growth and inflation signals. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead focused on U.S. ISM and jobs dataKey Data Releases US: October ISM Services PMI (expected slight uptick to ~50.7) and ADP employment data will guide Fed rate expectations. Germany: September factory orders +1.1% m/m, showing mild rebound. Italy: October Services PMI rose to 54.0 (solid growth), but September retail sales -0.5% m/m. Eurozone: September PPI -0.1% m/m, -0.2% y/y — inflation pressures easing. Japan: September cash earnings and other data mostly steady. UK: October reserves and car registration data due later today. Central Banks ECB’s Nagel, Villeroy, and Kocher speak — may hint at inflation outlook. BoE’s Breeden also scheduled to speak. Sweden’s Riksbank announces its policy decision today (no major change expected). Earnings Focus Major reports: Toyota, Novo Nordisk, McDonald’s, Qualcomm, ARM, Robinhood, DoorDash, Siemens Healthineers, BMW, Telecom Italia. Markets watching for guidance on demand, margins, and 2026 outlook. Tech and consumer earnings will set tone for Nasdaq and European equities. Market Outlook Investors focused on U.S. ISM and jobs data — stronger numbers could lift yields and USD; weaker data could boost rate-cut hopes and equities. Europe showing mixed signals — manufacturing slowly improving, but consumers still weak. Expect moderate volatility, with central-bank comments and earnings dictating intraday moves. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead caution ahead of central bank commentary, earningsToday’s trading session is likely to be driven by a mix of central bank commentary, earnings from major global companies, and political developments in the U.S. Macro data: Limited top-tier releases. Japan’s October monetary base and France’s September budget balance offer some regional context but are unlikely to move broader markets. Central banks: A heavy lineup of speakers could set the tone. Investors will watch remarks from Fed’s Bowman, ECB’s Lagarde, Patsalides and Nagel, and BoE’s Breeden for any hints on the policy outlook following the recent Fed and BoE meetings. The BoJ’s September minutes may shed light on internal debate over inflation and yield-curve control, while the RBA decision could move AUD if guidance turns more hawkish given sticky inflation. Earnings: Another packed day for corporate results. Highlights include Saudi Aramco, AMD, Shopify, Uber, Arista Networks, Amgen, Pfizer, Spotify, Nintendo, BP, Marriott, Ferrari, and Apollo. Tech and energy names will be closely watched for signals on margins and demand trends. Politics: U.S. state elections could draw attention, especially as a gauge of voter sentiment ahead of the 2026 midterms, though limited direct market impact is expected. Overall: Markets may remain cautious ahead of key central bank comments and heavyweight earnings. Expect moderate volatility in tech and energy sectors, while FX traders focus on the RBA and BoJ tone for policy direction. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead - Cautious start to the week.Data: US ISM Manufacturing: Expected to stay in contraction (below 50), signaling continued industrial weakness. Italy Manufacturing PMI: 49.9 (up from 49.0), slightly better but still soft. Canada Manufacturing PMI: Likely still below 50; no strong rebound signs yet. Switzerland CPI/PMI: No major surprise; inflation stable, PMI around 50. Central Banks: Fed’s Daly and Cook to speak — markets watching for policy hints after soft data. ECB’s Simkus and Escriva also speaking — tone on inflation and growth in focus. Earnings: Palantir, Vertex, Williams Cos, Ares Management, and Grab report today. Their results will set tone for tech, energy, and financials. Overall Market Tone: Cautious start to the week. Manufacturing data remain weak, and traders are focused on central-bank comments and key earnings. Dovish tone → equities may rise, yields fall. Hawkish tone → equities could weaken, yields rise. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead - direction depends on US PCE and wage data.Market Focus Markets end the month with a heavy data and earnings day. Investors are watching US inflation (PCE), Eurozone CPI, and major earnings to gauge the next policy moves after the Fed’s rate cut earlier this week. Key Data US: September PCE, personal income/spending, Chicago PMI, and employment cost index — crucial for inflation and wage signals. Eurozone: October CPI expected to ease further, supporting a dovish ECB outlook. UK: Business confidence still weak. China: PMIs show stabilisation but no strong rebound. Canada: August GDP may show slower growth. Earnings Major reports today: Exxon, Chevron, AbbVie, Linde, Intesa Sanpaolo, Tokyo Electron, Colgate-Palmolive, and Charter Communications. Focus on energy margins, pharma pipelines, and signs of consumer strength. Market Tone Equities: Cautious trading ahead of US data. Bonds: Yields steady after recent spike. FX: Dollar mixed. Commodities: Oil and gold little changed. Outlook A calm, data-driven session likely — direction depends on US PCE and wage data, which will shape expectations for another Fed cut in December. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead - ECB to keep its rate at 2%? Today is one of the busiest sessions of the quarter, with major macro data, central bank decisions, and corporate earnings releases likely to drive global market sentiment. Macro and Central Banks In the United States, Q3 GDP and initial jobless claims will be the key data points. GDP is expected to show solid but slowing growth, while jobless claims will help gauge labor market momentum ahead of next week’s FOMC meeting. Fed’s Logan speaks later in the day, and markets will watch for any policy guidance. In the Eurozone, a heavy data calendar includes Q3 GDP, October CPI, and September unemployment. Growth likely stagnated or slightly contracted, reinforcing expectations that the ECB will hold rates steady for an extended period. Germany, France, and Italy also release Q3 GDP data, while the ECB decision later today will be closely watched for any signals on inflation persistence and the timing of rate cuts. In Japan, the Bank of Japan announces its policy decision alongside a string of economic reports including retail sales, industrial production, Tokyo CPI, and labor market data. Markets are alert to any tweaks to yield curve control or policy guidance after recent yen weakness. Earnings Earnings releases span across major sectors and regions, with over 30 key companies reporting today. Tech: Apple, Amazon, Roblox, Atlassian, Cloudflare, and Reddit will dominate headlines, with a focus on iPhone demand, AWS profitability, and forward guidance. Pharma and healthcare: Eli Lilly, Merck, Bristol-Myers, Gilead, and Cigna report, providing insight into drug pricing and pipeline growth. Energy: Shell, TotalEnergies, Cheniere Energy, and Vale are due, with results reflecting lower commodity prices. Industrials and autos: Volkswagen, Hitachi, BYD, and Howmet Aerospace will update on demand trends and supply chains. Financials: S&P Global, BBVA, ING, Credit Agricole, Societe Generale, and Standard Chartered report, with focus on margins and rate expectations. Consumer and media: AB InBev, Universal Music, Estee Lauder, Haleon, and Comcast provide a read on discretionary spending and advertising activity. Market Tone US futures are steady ahead of GDP and mega-cap earnings. European markets face a data-heavy session with the ECB decision and Eurozone inflation updates. Asian equities traded cautiously ahead of the BoJ meeting, while the yen remains under pressure near 152 per dollar. Bond yields are broadly stable, and oil prices are consolidating after recent swings. Key Watchpoints US GDP surprises and their impact on yields and the dollar. Apple and Amazon earnings setting direction for Nasdaq and tech sentiment. ECB communication and any hints of a dovish shift. Potential BoJ policy adjustments and yen volatility. Earnings from energy and consumer sectors as indicators of real economy resilience. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead - Fed decision and tech earningsMarkets are set for a pivotal session today with a packed macro, central bank, and earnings calendar. Key Focus Central Banks: The Federal Reserve’s policy decision tonight is the main event. While no rate change is expected, investors will focus closely on Chair Powell’s tone for hints about the timing of the first rate cut in 2026 and any comments on recent financial conditions and inflation stickiness. The Bank of Canada also announces its decision earlier in the day, with expectations leaning toward a hold after recent softer growth data but persistent inflation pressures. Data Highlights US: September advance goods trade balance, wholesale inventories, and pending home sales will provide clues on Q3 GDP revisions and the strength of housing activity heading into year-end. UK: September net consumer credit and M4 money supply data could show whether higher rates are curbing household borrowing. Japan: October consumer confidence will gauge sentiment amid a weaker yen. Australia: September CPI is expected to rise modestly, testing the RBA’s patience on inflation. Europe: Italy’s September PPI and hourly wage figures, and Sweden’s September GDP indicator, will round out regional growth signals. Earnings A blockbuster day for corporate results, led by Microsoft, Alphabet, and Meta, which together will set the tone for the tech sector and broader equity sentiment. Other notable releases: Industrials: Boeing, Caterpillar, Airbus, Mercedes-Benz Financials: UBS, Santander Consumer & Retail: Starbucks, Chipotle, adidas, Kraft Heinz, Carvana Energy & Commodities: Equinor, BASF Tech & Semis: SK hynix, KLA, Keyence, ServiceNow, eBay Healthcare: GSK, CVS Health, Their reports will provide cross-sector insight into demand resilience, cost pressures, and AI-related capex trends. Other US 2-year floating rate note auction may draw attention for signs of investor appetite ahead of the Fed meeting. Market Tone Expect cautious trading through the session as investors position ahead of the Fed’s decision and the mega-cap tech earnings after the bell. Volatility could rise in FX and rates markets, with USD and Treasury yields sensitive to any policy tone shift, while equities may see sharp post-earnings moves in the tech heavyweights. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead corporate updates, consumer confidence,Markets will focus today on a packed data and earnings calendar, with sentiment likely shaped by a mix of corporate updates, consumer confidence figures, and signals from central banks. Key Themes US Consumer Confidence in Focus: The Conference Board’s October consumer confidence index is expected to give insight into household sentiment amid moderating inflation and steady labor conditions. Any downside surprise could reinforce expectations of future Fed rate cuts. Regional Fed Activity Gauges: The Richmond Fed manufacturing and business conditions indices, along with the Dallas Fed services activity, will provide regional snapshots of economic momentum heading into Q4. Housing and European Confidence Data: The FHFA house price index (Aug) will offer a read on US housing stability, while in Europe, Germany’s GfK and Italy’s consumer and manufacturing confidence figures will indicate how inflation and energy costs are weighing on sentiment. The EU27 new car registrations data will also highlight trends in consumer demand and industrial activity. Central Bank Highlights The ECB’s Bank Lending Survey will be closely watched for evidence of credit tightening, a key input into the ECB’s future policy stance. ECB’s Panetta is scheduled to speak, and markets will be alert for any hints on rate-cut timing or balance sheet policy. Corporate Earnings It’s a heavy earnings day, with results spanning key sectors: Financials: Visa, BNP Paribas, PayPal, American Tower Healthcare: UnitedHealth, Novartis Energy & Utilities: NextEra Energy, Iberdrola Industrials & Logistics: UPS Consumer & Leisure: Mondelez, Royal Caribbean Cruises Tech & Semis: Advantest, Electronic Arts, Corning, Sherwin-Williams Retail: HSBC, Booking Holdings Investors will watch for earnings guidance and demand commentary, especially from Visa and PayPal, as barometers of consumer and transaction trends, and UPS for trade and logistics signals. Fixed Income The US 7-year note auction will test investor appetite for Treasuries after recent curve steepening. Strong demand could support bond prices and ease yields. Market Outlook Equities: Sentiment may stay cautious ahead of key earnings; strong results from tech and consumer names could lift risk appetite. Bonds: Focus on the lending survey and US confidence data for rate expectations. FX: The dollar could soften if US confidence data disappoints. Commodities: Oil and gold may trade quietly unless data shifts the macro narrative on growth or inflation. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead - Risk-on bias, supported by trade optimismGlobal risk sentiment has improved, with stocks rallying on renewed optimism over a potential US-China trade deal. The positive tone also lifted commodities, with oil and copper gaining, while Treasuries fell and gold slipped, reflecting a move away from safe havens. Geopolitical developments remain in focus: Russia successfully tested its Burevestnik nuclear-powered cruise missile, capable of long-range flight and evading defense systems, raising fresh global security concerns. In the South China Sea, separate crashes involving a US helicopter and fighter jet occurred during President Trump’s Asia visit—thankfully, all crew members were safe. EU-China tensions resurfaced as European Commission President von der Leyen warned that China’s tighter rare-earth export controls represent a “significant risk,” suggesting potential EU countermeasures. In the UK, attention turns to Chancellor Rachel Reeves, who is in Saudi Arabia for the Future Investment Initiative summit. Her goal is to accelerate trade talks with Gulf states, part of efforts to underpin growth ahead of her upcoming budget announcement. For today’s trading, investors will be watching: Ongoing US-China trade headlines for signs of a concrete deal timeline. Commodity markets, given the rally in oil and metals. Bond yields, which may continue to edge higher as risk appetite returns. UK assets, for any signals from Reeves’ Riyadh meetings that could influence sterling or UK equities. Overall tone: Risk-on bias, with equities supported by trade optimism but lingering geopolitical risks keeping volatility in check. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
Is the Yellow Metal Ready to BUST Out?Hold onto your hats, traders! It's been a very wild ride in the FX_IDC:XAUUSD market, proving that what goes up (to a Double Top 🏔️🏔️) must come down (with a vengeance!). After a decisive rejection at the $4381 peak, Gold took a spectacular 8.64% dive last Tuesday, landing sharply at the $4002 low 📉. Talk about a waterfall! 🌊 But don't count the bulls out yet! Gold showed some backbone, bouncing 3.97% back up to $4161 before settling into a cage match. It's now consolidating in a classic Triangle pattern (a.k.a. Compression) 📐, ranging from the $4002 floor up to the stronger resistance near $4135. The Great Consolidation: Triangle Tension 😮‍💨 The key takeaway? That $4000 psychological support is a BEAST. 💪 It survived test after test during the Asia, EU, and US sessions last Tuesday and Wednesday! This resilience allowed Gold to build support: first at the $4065 level (the Fib 0.382) and then down to the $4043 low, followed by rock-solid support near the $4000 zone. As Friday closed out the week, Gold was still testing the lower $4100 area, pulling back to $4096. So, what’s next for the shiny metal? That $33 candle Friday, was a direct reaction to the release of the slightly softer-than-expected US September Consumer Price Index (CPI) inflation data. My Outlook: Patience is Gold, But the FED is Key 🔑 While some market watchers are singing a bearish tune 🐻, I see this as a healthy consolidation phase. Gold has already corrected 50% from its massive move (from $3631 low to the $4381 high). While a deeper correction to the 0.618 Fib at $3918 is possible, I don't see the catalyst right now to push it that far. My bet? Gold will continue to consolidate in $4050 - $4150 range until the major announcement from the FED 🏦. The sharp reversal from the Double Top might just be the clean-out needed to launch prices higher once the rate cut announcement (or even just the dovish talk of future cuts) takes place! The last inflation data was a mixed bag, which gives the FED room to sound reassuringly dovish. The FED Announcement is the main event this week. Mark your calendars! 🗓️ 🔥 Key Economic Events: Central Bank Super Week! 🔥 This week is absolutely jammed with market-moving events across the globe. Get ready for volatility! 🌪️ Monday, October 27, 2025 8:30 AM ET: USD 🇺🇸 Durable Goods Orders (MoM) (Sep) 10:00 AM ET: USD 🇺🇸 New Home Sales (Sep) Tuesday, October 28, 2025 10:00 AM ET: USD CB Consumer Confidence (Oct) Wednesday, October 29, 2025 (The Fed Day) 🏦 All Day: HKD Holiday - Chung Yeung Day 9:45 AM ET: CAD BoC Interest Rate Decision 10:30 AM ET: USD Crude Oil Inventories 2:00 PM ET: USD Fed Interest Rate Decision 2:30 PM ET: USD FOMC Press Conference 10:00 PM ET (Approx.): JPY BoJ Interest Rate Decision Thursday, October 30, 2025 (ECB and GDP Day) 2:00 AM ET: EUR German GDP (QoQ) (Q3) 4:00 AM ET: EUR German CPI (MoM) (Oct) 8:15 AM ET: EUR Deposit Facility Rate (Oct) 8:15 AM ET: EUR ECB Interest Rate Decision (Oct) 8:30 AM ET: USD GDP (QoQ) (Q3) 8:45 AM ET: EUR ECB Press Conference 9:30 PM ET: CNY Manufacturing PMI (Oct) Friday, October 31, 2025 (Inflation and Month End) 6:00 AM ET: EUR CPI (YoY) (Oct) 8:30 AM ET: USD Core PCE Price Index (MoM) (Sep) 8:30 AM ET: USD Core PCE Price Index (YoY) (Sep) 9:45 AM ET: USD Chicago PMI (Oct) ------------------------------------------------------------------------- This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly. Good luck and safe trading! 🚀📊
FX_IDC:XAUUSD
by Wick-Sniper
The Day Ahead - upside CPI surprises?Markets today will be focused on a heavy data slate and key central bank commentary, with attention centred on global flash PMIs and US inflation data, both of which could influence near-term rate expectations. Key data highlights: Global: October flash PMIs will provide the first look at business activity trends amid signs of slowing global momentum. US: September CPI and Kansas City Fed services activity will be closely watched for confirmation of easing inflationary pressures and the health of the services sector. UK: A busy morning with October GfK consumer confidence and September retail sales, both giving insight into the impact of high borrowing costs on consumers. Japan: September national CPI may test expectations that the BoJ will stay cautious on tightening. Europe: France’s consumer confidence and Sweden’s PPI add to the regional inflation picture. Central banks: ECB’s Nagel, Cipollone, and Villeroy are all scheduled to speak, and their tone could offer further clues about how long policy will stay restrictive given weak activity data. Corporate earnings: Another big day in earnings, with Procter & Gamble, Sanofi, NatWest, and Porsche reporting. Investors will look for commentary on margins and consumer demand as inflation cools. Other developments: Moody’s will review France’s credit rating, a potential risk event given recent fiscal slippage. Ireland’s presidential election takes place, though market impact is likely limited. Market outlook: With so many key data releases and earnings updates, volatility could pick up. Traders will be looking for signs of cooling inflation but resilient activity to sustain the recent equity rebound, while bond markets remain sensitive to any upside CPI surprises. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
US DOLLAR AnalysisRespect the Higher Low: The Quiet Power of an Uptrend U.S. Dollar Index (DXY) | 23 Oct 2025 | Pre–New York Session Outlook By Daniel Fadeley The U.S. Dollar continues to show a bullish bias, with higher lows forming consistently across both the weekly and daily structure. This ongoing strength keeps the broader tone positive for USD, while EURUSD and GBPUSD remain under cross-asset pressure. We’re currently operating inside a bullish range with 97.672 as the range low and 99.205 as the range high. Context Momentum favors the dollar as buyers continue defending each pullback. If this month’s bullish structure holds, the market could confirm a longer-term upward phase. However, conditions are slightly extended on Fibonacci sequence levels, suggesting reduced reward-to-risk for new swing positions until a clean retest offers better value. Technical Map Price took out yesterday’s high (98.771) and approaches the range ceiling at 99.205. Volatility remains elevated through the week, and intraday momentum supports buy-the-dip behavior while daily lows continue to hold. For cross-assets, this structure implies ongoing pressure on major USD pairs while the dollar holds above recent higher lows. Fundamental Outlook The week ahead features several key macro events: U.S. GDP advance data Core PCE inflation release Multiple Federal Reserve speakers Ongoing U.S. government funding discussions Impact lens: Yields rising → typically strengthens USD and tightens global liquidity. Yields easing → can relieve pressure on risk assets such as equities and crypto. Liquidity trends show ETF inflows slowing and capital rotating defensively, consistent with cautious macro positioning. Plan Current outlook remains bullish within range, focusing on position trades from defended lows and short-term rotational setups during volatility spikes. Patience near 99.205 is key — a clean breakout with retest would confirm continuation; failure there could mean another controlled rotation inside the range. Mindset “Structure builds confidence. Clarity builds control.” In fast markets, the goal is not prediction but preparation — follow structure, protect capital, and let confirmation lead conviction. Educational use only — not financial advice. Follow @CORE5DAN for calm, data-driven analysis and weekly structure lessons. — CORE5DAN Institutional Logic. Modern Technology. Real Freedom.
CAPITALCOM:DXYLong
by CORE5DAN
The Day Ahead - earnings and confidence dataThursday, October 23 – Trading Summary Markets today will focus on a mix of key macro data and high-profile corporate earnings, alongside continued political developments in Europe. Data: In the US, September existing home sales and the October Kansas City Fed manufacturing activity will give insight into housing and regional business conditions. In Europe, France’s October business confidence and the Eurozone’s October consumer confidence surveys will indicate sentiment momentum heading into Q4. Canada’s August retail sales data will offer a snapshot of domestic spending resilience. Central Banks: ECB’s Philip Lane speaks, and investors will watch closely for any hints on the inflation outlook or timing of future rate cuts. Earnings: A busy day on the corporate front with T-Mobile US, Blackstone, Intel, Union Pacific, Honeywell, Newmont, Lloyds, and Ford Motor reporting. These results will provide a broad cross-sector gauge of Q3 performance — spanning telecoms, finance, tech, industrials, and autos. Other Events: The European Council summit in Brussels begins, where EU leaders will discuss fiscal coordination, competitiveness, and geopolitical issues — potentially influencing sentiment in European markets. Auctions: The US 5-year TIPS auction could draw attention given the recent decline in yields and expectations around inflation-linked demand. Overall: With sentiment still near recent highs, traders will watch whether earnings and confidence data can sustain the rally or if softer signals start to weigh on risk appetite. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead Data: In the UK, key inflation figures are due — September CPI, RPI, and PPI, along with the August house price index — providing an important gauge for the Bank of England’s policy outlook. From Japan, the September trade balance offers further insight into export trends and the impact of yen weakness. Central Banks: ECB President Lagarde and Vice President de Guindos are scheduled to speak, and markets will watch for any guidance on future rate cuts or balance sheet policy. Earnings: A heavy corporate earnings day with reports from Tesla, SAP, IBM, Thermo Fisher Scientific, AT&T, UniCredit, Barclays, Hilton, Heineken, Southwest Airlines, and Alcoa. These releases span key sectors — technology, banking, travel, and consumer goods — and could drive significant single-stock and sector moves. Auctions: The US 20-year Treasury bond auction will be closely monitored for investor demand and its implications for longer-dated yields. Overall: Expect trading to be guided by UK inflation surprises, central bank commentary, and high-profile US and European earnings results. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead Data: US: Philadelphia Fed non-manufacturing index (awaited) — follows a sharp drop in manufacturing activity, suggesting slower growth. UK: September borrowing £20.2 bn, highest in five years — raises fiscal concerns before November’s budget. Canada: September CPI expected around 2.3% YoY — could shape Bank of Canada rate-cut expectations. Central Banks: ECB’s Lagarde, Nagel, Lane, Escriva speak — likely to stress caution on further rate cuts, keeping euro yields firm. Earnings Highlights: Reports from major names including Netflix, GE, Coca-Cola, Philip Morris, RTX, Texas Instruments, Capital One, Lockheed Martin, 3M, GM, Western Alliance Bancorp. Focus: guidance, margins, demand trends, and rate sensitivity. Strong results could lift risk sentiment; weak outlooks may trigger caution. Market Tone: Macro data and central-bank signals likely to guide early sentiment. Corporate earnings will drive intraday direction — tech and industrials in focus. Overall mood: cautious but data-driven, with traders watching for confirmation of economic slowdown or resilience. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead Markets begin the week with a relatively light data calendar and few major earnings, so attention will likely focus on macro signals from Europe and central bank commentary. Key data: Germany’s September PPI will offer a fresh read on inflation trends in Europe. The Eurozone’s August construction output and Italy’s current account balance will provide further insight into regional growth momentum. In North America, Canada releases September industrial and raw materials price indices, while the Bank of Canada’s Q3 business outlook survey will be closely watched for signs of sentiment ahead of the next policy meeting. Central banks: A series of ECB speakers — Schnabel, Nagel, and Vujcic — are scheduled, and any comments on the inflation path or rate outlook could influence euro and bond markets. Earnings: Corporate results are light, with Zions Bancorp the main release, offering a glimpse into US regional bank performance. Other events: China’s Fourth Plenum, running through October 23rd, could generate policy headlines related to economic strategy and reforms. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead - trading may remain cautious ahead of the weekendMarkets will be looking to end the week on a steady footing, with a busy data slate focused on the US and several central bank appearances. In the US, attention will turn to the September industrial production, building permits, housing starts, import/export price indices, and capacity utilisation, all of which will give further clues on the strength of the economy heading into Q4. The August TIC flows report will also shed light on foreign demand for US assets, while housing data could influence expectations for the Fed’s policy path. Central bank speakers are in focus across regions — the Fed’s Musalem, ECB’s Nagel and Rehn, BoJ’s Uchida, and BoE’s Pill, Greene, and Breeden are all scheduled, offering potential insights into policy divergence among major central banks. On the corporate side, American Express and Volvo headline earnings, providing key reads on consumer spending and global industrial demand respectively. Overall, trading may remain cautious ahead of the weekend, with investors weighing economic resilience against the potential for slower global growth and ongoing central bank rhetoric. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead - Macro Data (Economic Releases)Macro Data (Economic Releases) – Today US September CPI: Key inflation data; higher-than-expected could delay Fed rate cuts. US October Empire Manufacturing Index: Insight into regional manufacturing health. China September CPI & PPI: Signals demand strength and factory inflation. Japan August Capacity Utilization: Tracks industrial activity. Eurozone August Industrial Production: Indicates regional growth trend. Italy August Government Debt: Important for Eurozone fiscal stability. Canada August Manufacturing Sales: Measures industrial demand. Denmark September PPI: Shows producer price trends. Central Bank Events – Today Fed: Beige Book (economic conditions report); Fed’s Miran & Waller speak. ECB: Guindos, Rehn, and Villeroy speak. BoE: Ramsden and Breeden speak. Watch for any signals on interest rates or inflation concerns. Earnings Reports – Today Bank of America (BAC) Solid results; focus on interest margins and loan growth. Morgan Stanley (MS) Watch trading revenue and wealth management trends. ASML Key for semiconductor sector; strong orders and guidance would boost tech stocks. Abbott Laboratories (ABT) Medical devices and diagnostics in focus; strong growth could support healthcare sector. Prologis (PLD) Industrial REIT; leasing activity and logistics demand are key. Market Focus CPI data is most important for direction. Bank earnings set tone for financials. ASML impacts tech broadly. Fed & ECB speakers could move rates, USD, EUR. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead Key Economic Data: US: September NFIB Small Business Optimism – gauges small business confidence. UK: August Average Weekly Earnings, Unemployment Rate, September Jobless Claims – important for labor market and inflation outlook. Germany/Eurozone: October ZEW Economic Sentiment Surveys – key forward-looking sentiment indicators. Japan: September M2, M3 Money Supply – tracks money supply growth. Canada: August Building Permits – reflects housing and construction activity. Central Bank Speakers: Federal Reserve: Powell, Bowman, Waller, Collins – potential clues on future rate path. ECB: Cipollone, Makhlouf, Kocher, Villeroy – updates on Eurozone monetary policy stance. Bank of England: Bailey, Taylor – insights into UK policy amid inflation and wage pressures. Earnings Reports: Banks: JPMorgan, Goldman Sachs, Wells Fargo, Citigroup, BlackRock – market focus on loan demand, credit conditions, and economic outlook. Healthcare: Johnson & Johnson – important for sector and broader earnings sentiment. Tech: Samsung Electronics – global chip and smartphone industry readout. Consumer: Domino’s Pizza, Albertsons – insights into consumer demand and inflation impact. Overall Market Impact: Equities: Bank earnings and Fed commentary in focus. Currencies: USD and GBP sensitive to data and central bank remarks. Rates: Fed and BoE speakers may influence bond yields. Risk Sentiment: Data and earnings will shape short-term market tone. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day Ahead - US markets closed for Columbus DayIt’s a quiet start to the week with US markets closed for Columbus Day, meaning lower trading volumes are likely. The main focus today will be on data from China and Germany, providing an update on global trade and inflation dynamics. Data: China’s September trade balance offers a snapshot of external demand, while Germany’s current account and wholesale price index will give insight into the Eurozone’s export and inflation trends. Central banks: Comments from Fed’s Paulson and the BoE’s Greene and Mann will be watched for any policy guidance, particularly around inflation persistence and timing of potential rate cuts. Events: The World Bank and IMF Annual Meetings begin today (through October 18), with attention likely on global growth, fiscal policy, and debt sustainability discussions. Overall, with US markets shut and limited new catalysts, trading could remain subdued and directionless, with investors looking ahead to key US inflation and earnings data later in the week. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation
The Day AheadMarkets today will focus on a mix of US sentiment data and key global releases that could shape rate expectations going into next week. Data highlights: In the US, attention will be on the October University of Michigan consumer sentiment survey and the September federal budget balance, both of which offer insight into consumer confidence and fiscal conditions. In Japan, September PPI and bank lending data will shed light on inflation pressures and credit dynamics. Europe’s focus includes Italy’s August industrial production, while Sweden’s August GDP and CPI data from Denmark and Norway will provide regional growth and inflation signals. Canada’s September labour report is another key release, likely to influence Bank of Canada policy expectations. Central banks: Comments from Fed officials Goolsbee, Daly, and Musalem will be closely monitored for any signals on the timing of potential policy shifts. Earnings: Only one notable corporate report today — Gerresheimer — which may influence European equities in the healthcare and packaging sectors. Overall: Expect a relatively calm session with attention centred on consumer sentiment and labour data for clues on growth resilience and the interest rate outlook heading into the next week. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by Trade Nation