Key Economic Indicators: What to Watch Today

Market Analysis:

GOLD: After weeks of stability, GOLD has broken out of its range, driven by reduced expectations for a 50-point Fed rate cut. Investors now anticipate a 25-basis-point cut, reflecting geopolitical tensions in West Asia and rising oil inflation concerns. Long-term recovery remains likely.

SILVER: SILVER has fallen below key support, indicating further declines with a target around 29.900.

DXY: The U.S. dollar is flat but could strengthen following Thursdays CPI and PPI data. A move to 102.775 is possible.

GBPUSD: The pound is expected to weaken, with further declines likely toward 1.29966.

AUDUSD: The Aussie continues to weaken amid global insecurity. RBA is expected to hold rates, with a 50% chance of easing by December.

NZDUSD: Kiwi has cut rates to 4.75%. A further reduction is anticipated in November, with long-term projections pointing to a decline to 3.0%.

EURUSD: The euro remains in consolidation, with further selling likely.

USDJPY: Yen is awaiting policy decisions, with further growth anticipated but subject to government actions.

USDCHF: The franc is consolidating, with a possible breakout but a risk of further selling around 0.806060.

USDCAD: Despite rising oil prices, CAD remains weak due to uncertainty around Hurricane Milton and geopolitical risks, maintaining a bearish outlook.