Brent crude oil prices climbed above 74 USD per barrel following OPEC+'s announcement to delay its production increase originally scheduled for December.

Switzerland’s annual inflation rate fell to 0.6% in October 2024, the lowest since June 2021, down from 0.8% in September and below estimates of 0.8%.

The AUD/USD exchange rate continued its downward trend as investors focused on the upcoming Federal Reserve and Reserve Bank of Australia (RBA) decision and the US general election set on Tuesday.

After seven consecutive up weeks, the Nasdaq 100 went negative last week.

The British pound has been fairly strong during the trading session on Friday as the jobs number in the United States came out as adding just 12,000 jobs last month.

While all eyes are on the US elections this week, German politics seem to have become a train crash in slow motion.

The wave cancel level, defined at 0.83765, serves as a key threshold for the current wave count. Should the price drop below this level, it would invalidate the current structure and may indicate a divergence from the projected wave pattern.

USD/CAD rebounds from 1.3900 as the Canadian Dollar weakens on expectations that the BoC will deliver another 50-bps interest rate cut. The Fed is expected to cut interest rates by 25 bps on Thursday.

The rebound in sentiment from Wall Street on Friday has helped Asian stock markets trade mostly higher on Monday.

Nvidia is set to replace Intel in the Dow Jones Industrial Average, highlighting a shift in the semiconductor industry as Intel struggles with declining performance.

While annual inflation in Turkey dropped further last month, the underlying trend remained elevated, albeit recording a drop in comparison to September thanks to a moderation in services inflation.

On November 5, 2024, Americans will vote for their next president, who will serve a four-year term starting in January 2025.

Gold prices hover around their record highs touched last week as traders await the outcome of US election. Gold market may benefit further if Trump wins elections as his policies may increase inflationary pressures.

The assets under management in the European ETF industry are quite concentrated at the classification, promoter, and ETF levels.

EUR/USD climbs to near 1.0900 as the US Dollar faces intense selling pressure ahead of the US presidential election and the Fed’s policy announcement. The latest polls have shown Harris having a slight advantage over Trump.

Asian markets traded higher following gains on Wall Street last week ahead of the US Presidential Elections and US Fed rate decision.

Silver price appreciates as the US Dollar loses ground amid lower Treasury yields. The recent poll indicated that Kamala Harris and Donald Trump are locked in a close contest across seven battleground states.

Bitcoin continued its bearish retracement after threatening to again test the record high made in March but seems to have found support now.

Markets are seemingly scaling back some Trump trades, and we suspect the next two days can see some abnormal swings in USD crosses.

Wave II may not be complete, price is likely to be below 0.01781.