The high volatility in the financial market continues through the early trading hours of Wednesday (October 8, 2025). There have been no fundamental changes, with the ongoing government shutdown in the United States serving as a primary driver, coupled with the political crisis in France and the appointment of a new Prime Minister in Japan.<\/p>\n
These sentiments are expected to impact the market movements during today’s trading.<\/p>\n
GOLD<\/strong> So far this year, Gold has increased by over 50%, driven by significant demand from central banks earlier in the year. As we approach year-end, expectations of a Federal Reserve interest rate cut, the ongoing U.S. government shutdown, and the political unrest in France are acting as positive catalysts for Gold.<\/p>\n These various sentiments are likely to continue influencing Gold’s movements during the European trading session.<\/p>\n OIL<\/strong> Oil’s movement during the European trading session will still be driven by these sentiments.<\/p>\n EURUSD<\/strong> The pressure on EURUSD intensified after data from Germany indicated that industrial production in August had decreased by 4.3% month-on-month, which was lower than the forecast of -0.8% from Trading Central and compared to the previous month’s 1.3%.<\/p>\n GBPUSD<\/strong> Furthermore, the U.S. dollar is currently strong against the yen, indicating that GBPUSD may continue to experience negative sentiment.<\/p>\n USDJPY<\/strong> The yen has been under tremendous pressure following the election of Sanae Takaichi as Japan’s Prime Minister. Her dovish and stimulus-friendly stance has led to a significant drop in the yen’s value since early last week. This sentiment will likely continue to affect USDJPY’s movements during the European trading session.<\/p>\n NASDAQ<\/strong> In the European trading session, the potential for profit-taking may happen again.<\/p>\n The high volatility in the financial market continues through the early trading hours of Wednesday (October 8, 2025). There have been no fundamental changes, with the ongoing government shutdown in the United States serving as a primary driver, coupled with the political crisis in France and the appointment of a new Prime Minister in Japan. […]<\/p>\n","protected":false},"author":4,"featured_media":21040,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5170,142],"tags":[5175,5174,5176,5178,5177,5168],"class_list":["post-91575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-summary","category-news","tag-cls10","tag-eurusd","tag-gbpusd","tag-nq","tag-usdjpy","tag-xauusd"],"yoast_head":"\n
The price of Gold (XAUUSD) has surged past US$4,000 per troy ounce for the first time in history today. Gold even reached US$4,037 per troy ounce, climbing nearly US$53 or 530 pips. Since the beginning of this week, Gold has skyrocketed by more than US$150 (1,500 pips).<\/p>\n
Oil prices (CLS10) exhibited volatility before rising to US$62.03 per barrel during Tuesday’s trading. Today, Oil has further increased to US$62.33 per barrel. Positive sentiment remains from OPEC+, which has agreed to raise production levels by 137,000 barrels in November. This increase is much lower than Saudi Arabia’s desired minimum of 274,000 barrels.<\/p>\n
EURUSD plummeted 549 points (54.9 pips) to 1.16549 during Monday’s trading and has dropped further today to 1.16122. EURUSD faces pressure due to the political crisis in France, with Prime Minister Sebastien Lecornu resigning less than a month after taking office.<\/p>\n
GBPUSD fell by 609 points (60.9 pips) to 1.34179 during Tuesday’s trading, and has declined further today to 1.33856. Without any significant economic data releases from the UK, this currency pair’s decline has been influenced by the drop in EURUSD.<\/p>\n
USDJPY surged 1.526 points (152.6 pips) to 151.816 at the start of Tuesday’s trading and has risen again today to 152.644. USDJPY is now nearing its highest level in the past eight months.<\/p>\n
The Nasdaq fell by 128 index points to 25,054 during Tuesday’s trading as a result of profit-taking following a previous record high of 25,185. Without any new catalysts, the Nasdaq, which has repeatedly reached record highs, is vulnerable to profit-taking activities.<\/p>\n