The volatility in the financial markets has been notably high during the early trading session in Europe on Thursday (October 9, 2025). Political issues across various nations continue to be the main driving force. Additionally, tonight’s speech by Federal Reserve Chair Jerome Powell at 19:30 WIB is likely to increase market volatility.<\/p>\n
GOLD<\/strong> Subsequently, Gold managed to rebound<\/em>, although it has yet to regain a consistent upward trend beyond Tuesday’s closing levels. Powell’s speech may trigger significant movements in Gold prices. Should Powell assert that only one rate cut will occur next year, as per the Fed’s September projections, there’s a likelihood of Gold facing profit taking<\/em> again.<\/p>\n OIL<\/strong> Should a ceasefire materialize, Oil supplies, especially from Iran, would remain uninterrupted, potentially increasing global supply. This scenario would place further pressure on Oil prices.<\/p>\n EURUSD<\/strong> Given these circumstances, there is a possibility that EURUSD will face downward pressure during tonight’s trading if Powell indicates caution in lowering interest rates next year.<\/p>\n GBPUSD<\/strong> Rumors are circulating that the UK government will raise taxes, which could hinder economic growth. This has cast a negative sentiment over GBPUSD. The pressure on GBPUSD could intensify if Fed Powell signals a cautious approach to interest rate reductions tonight.<\/p>\n USDJPY<\/strong> Tonight, USDJPY may receive additional positive sentiment if Powell confirms that only one interest rate cut is anticipated for the coming year.<\/p>\n NASDAQ<\/strong> The volatility in the financial markets has been notably high during the early trading session in Europe on Thursday (October 9, 2025). Political issues across various nations continue to be the main driving force. Additionally, tonight’s speech by Federal Reserve Chair Jerome Powell at 19:30 WIB is likely to increase market volatility. GOLDGold prices (XAUUSD) […]<\/p>\n","protected":false},"author":4,"featured_media":21041,"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-91835","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
Gold prices (XAUUSD) have been fluctuating within a range of $4,001 to $4,043 per troy ounce at the onset of the European trading session. Earlier this morning, Gold saw a significant drop, nearly breaching the $4,000 mark due to profit taking<\/em> following U.S. President Donald Trump’s statement that Israel and Hamas had agreed on a “first phase” of a peace plan to halt the conflict and release some hostages.<\/p>\n
Oil prices (CLS10) are experiencing volatility, trading in the range of $61.79 to $62.85 per barrel as the European session opens. However, there is a tendency for Oil to come under pressure due to easing tensions in the Middle Eastern conflict, as Israel and Hamas may go for a ceasefire.<\/p>\n
EURUSD is also witnessing volatile movements within the range of 1.16032 to 1.16483 at the beginning of the European trading session. The pair struggles to recover, overshadowed by the political crisis in France following Prime Minister Sebastien Lecornu’s resignation less than a month into his term.<\/p>\n
GBPUSD fell to 1.33423 at the start of the European session, down 551 points (55.1 pips) from Wednesday’s close. The currency is under pressure as the UK’s autumn budget announcement approaches.<\/p>\n
USDJPY rose to 153.281 at the start of the European trading session before seeing a pullback. This marks the highest level since February 13, 2025. USDJPY has surged this week following Sanae Takaichi’s selection as Japan’s Prime Minister, leading to expectations of increased government spending, which could further depreciate the yen.<\/p>\n
The Nasdaq has remained relatively stable after reaching an all-time high of 25,392 earlier today. Powell’s speech will be the focal point of tonight’s trading. If Powell indicates a cautious stance on interest rate reductions, the Nasdaq may experience profit taking<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"