Insights 
VT 
India’s M3 money supply decreased from 9.6% to 9.2% in October. This represents a reduction compared to previous figures.
Gold remains stable above $4,000, with the stronger US dollar limiting its potential gains. At the same time, the Canadian dollar has weakened due to increased demand for the US dollar following the Federal Reserve’s cautious tone.
Silver And Nasdaq Performance
Silver stays near $49 amid ongoing US fiscal uncertainty and a trade truce. The Nasdaq 100 index experienced a pullback but is set for an 11% rally surpassing new highs.
The British pound displays a soft undertone, while the Euro is holding within a tight range, supported in the low/mid 1.15s. The EUR/USD has weakened to two-month lows near 1.1520, and GBP/USD has dropped below 1.3100, hitting six-month lows.
Gold prices turned negative around $4,000, and in the cryptocurrency market, Bitcoin, Ethereum, and XRP face instability as market demand shows signs of faltering. Celebrating the Bitcoin whitepaper’s 17th anniversary, it has progressed from a cypherpunk vision to a global financial asset.
We are seeing broad US dollar strength, pushing the EUR/USD to two-month lows near 1.1520 and GBP/USD to a fresh six-month low below 1.3100. This trend is being driven by a cautious tone from the US Federal Reserve, especially as the latest core PCE inflation data for September 2025 came in at a sticky 3.1%. Traders should consider strategies that benefit from this dollar dominance against major currencies.
AI Driving US Tech Stocks
Despite wider market uncertainty, the AI narrative remains the key driver for US tech stocks. The recent pullback in the Nasdaq 100 is being framed as a buying opportunity, particularly after strong Q3 2025 earnings from sector leaders confirmed robust AI-related revenue growth. We could look at buying call spreads on tech-heavy indices to position for a potential rally beyond the recent highs.
Gold is trading flat above the significant $4,000 level, but the strong dollar is limiting its upside for now. This price reflects the significant inflationary pressures we saw through 2024, but the current environment creates a tight range. With potential US fiscal uncertainty looming ahead of December budget deadlines, options straddles on gold futures could be a way to play any resulting volatility.
We are also seeing signs of a more cautious risk appetite in other areas. The dip in India’s M3 money supply growth to 9.2% suggests a deliberate economic cooling by its central bank to manage inflation. This, along with wobbling demand for crypto assets like Bitcoin, may warrant hedging long positions in emerging markets or more speculative assets.
