Emini S&P futures nearly reached 4956/59 before dropping 100 ticks from their new all-time high. Support emerged around 6850/40, with a low just above this level, prompting a 53-point rebound. A break above 6905 aims for 6915/25, while clearing 6930 challenges the 6948/53 peak. Strong support persists at 6850/40, with caution advised below 6825.

EUR/USD maintains stability above 1.1550 amid recent declines, as Eurozone HICP inflation drops to 2.1% in October. Market focus shifts to upcoming comments from Federal Reserve officials.

Declines In GBP USD

GBP/USD sees slight declines below 1.3150, nearing its lowest point since April. Continued resilience of the US Dollar on hawkish remarks by Fed Chair Powell complicates recovery efforts.

Gold enters a consolidation phase above $4,000, following a recent recovery of more than 2% after a four-day downturn. Lingering US-China tensions challenge further gains as the market anticipates Federal Reserve guidance.

Meme coins such as Dogecoin, Shiba Inu, and Pepe face downturns amid a broader cryptocurrency market sell-off. These coins risk further declines if overall market sentiment worsens.

Despite speculation on a potential Fed rate cut and the US-China tariff agreement, artificial intelligence remains a driving influence in global markets.

We’ve seen the S&P 500 futures pull back from the all-time high near 6950, but buyers quickly stepped in around the 6850 support level. This resilience suggests underlying strength, likely because the handful of top AI-driven tech stocks now make up over 30% of the index’s value and continue to attract capital. For traders, this means buying the dips in the broader index remains a viable strategy, using options to protect against sharp, sentiment-driven drops.

US Dollar Pressure

The strong US Dollar is keeping both the Euro and the Pound under pressure, with GBP/USD hitting its lowest levels since April of this year. With recent US inflation data from September 2025 showing a stubborn 2.8% reading, the Federal Reserve is unlikely to signal a rate cut for December. This policy divergence implies that shorting the Euro and Pound against the dollar could remain profitable, especially as the Fed holds rates firm.

Gold is consolidating above the key $4,000 mark after a significant run-up that we saw through the high-inflation period of 2023 and 2024. The recent one-year tariff truce between the US and China is capping its immediate upside, but the price remains historically high. This signals that traders are using gold as a long-term hedge against policy mistakes or a sudden return of geopolitical tension.

At the same time, the sharp sell-off in speculative meme coins like Dogecoin and Shiba Inu indicates a clear reduction in risk appetite at the edges of the market. This divergence, where speculative assets fall while major indices hold firm, suggests traders are becoming more selective. It is a warning sign that liquidity may be tightening for riskier assets, making protective put strategies on volatile sectors more attractive.

Ultimately, the market’s main focus is not the Fed but the ongoing artificial intelligence revolution, which has been the primary driver of gains since 2024. We’ve seen recent government reports showing a surprising jump in Q3 2025 productivity, which is being attributed to widespread AI adoption in business. Therefore, derivative strategies should be focused on the technology sector, as any news related to AI will create more significant price swings than traditional economic data.

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