TRENDING:

S&P 500 Inside Day after another TACO trade

After Friday's 2.7% tariff-induced S&P 500 crash and Monday's 1.3% recovery, traders are asking if it's safe to re-enter the market. Monday's "inside day" pattern—where the entire session traded within Friday's range—signals market indecision despite the fierce bounce.

With Trump's November 1 China tariff deadline looming and conflicting signals between AI bubble fears and the longest rally without a 6% correction since 1966, the market sits at a critical inflection point. Clay Webster reveals the exact price levels: a close above 6,762 signals continuation, while a break below 6,550 over the next three weeks means move to the sidelines.

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Author

Clay Webster

FXStreet

Clay Webster grew up in the US outside Buffalo, New York and Lancaster, Pennsylvania. He began investing after college following the 2008 financial crisis.

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EUR/USD stays defensive below 1.1600, awaits Fed commentary

EUR/USD stays under modest bearish pressure and trades below 1.1600 in the second half of the day on Wednesday. Markets await the US House vote on the stopgap funding bill that will end the government shutdown. Meanwhile, investors will pay close attention to comments from Fed policymakers.

GBP/USD trims most of its intraday losses, advances beyond 1.3100

GBP/USD trades in the 1.3130 region in the American session on Wednesday. The US Dollar declines ahead of definitions about the US government shutdown. Market participants anticipate the largest shutdown in the country’s history is close to an end after the Senate agreed on a funding bill.

Gold extends rally past $4,200 amid US government reopening hopes

Gold accelerated its advance after Wall Street open, approaching the $4,200 mark in the American afternoon. The US Dollar remains pressured amid hopes of a US federal government reopening. The House of Representatives will vote on a funding bill later in the day.

Crypto Today: Bitcoin, Ethereum, XRP poised for recovery as BTC ETF inflows return

Bitcoin rises in tandem with other crypto majors and is trading above $104,000 at the time of writing on Wednesday. Altcoins, including Ethereum and Ripple, are also edging higher, hovering above $3,400 and $2.40, respectively.

US government hopes boost risk, as bond market may not prop up Starmer

As we move through the European trading session on Wednesday, there is residual optimism in the market that continues to boost risk sentiment. European indices are having another strong day, although the FTSE 100 is bucking this trend and is posting a small loss.

Sui reclaims $2.00 despite DeFI TVL logging 15% drop

Sui (SUI) is rising in tandem with the cryptocurrency market, trading above $2.00 at the time of writing on Wednesday. The bullish wave behind Sui's 3.5% increase followed a correction that erased gains from $2.20 to $1.98 the previous day.