The recent signing of the first phase of a ceasefire agreement between Israel and Hamas has led to significant volatility in the financial markets during trading on Thursday, continuing into Friday (October 10, 2025).<\/p>\n
This agreement was announced by U.S. President Donald Trump on Wednesday and was formally signed by both parties earlier today.<\/p>\n
The sentiment created by this development is expected to impact market movements during the European trading session.<\/p>\n
GOLD<\/strong> This ceasefire holds the potential to resolve the geopolitical tensions in the Middle East, which may diminish the factors that previously drove up Gold prices. Given the sharp rise observed earlier this week, there remains a possibility that Gold could face more profit taking<\/em> as the weekend approaches.<\/p>\n OIL<\/strong> With the ceasefire in place in the region, the supply<\/em> of Oil, particularly from Iran, is unlikely to be disrupted; thus, the potential for an increase in global supply may pressure prices downward.<\/p>\n EURUSD<\/strong> This sentiment is likely to continue influencing EURUSD movements in the upcoming European trading session.<\/p>\n GBPUSD<\/strong> The pair is under negative pressure due to the imminent announcement of the UK\u2019s autumn budget, with concerns circulating that the government may increase taxes, potentially hindering the economy. This sentiment is likely to have an ongoing effect on GBPUSD future movements during the European trading session.<\/p>\n USDJPY<\/strong> However, with an increase of over 550 pip in just four days of trading this week, USDJPY may also face profit taking<\/em>.<\/p>\n NASDAQ<\/strong> The recent signing of the first phase of a ceasefire agreement between Israel and Hamas has led to significant volatility in the financial markets during trading on Thursday, continuing into Friday (October 10, 2025). This agreement was announced by U.S. President Donald Trump on Wednesday and was formally signed by both parties earlier today. The […]<\/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-92016","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) experienced a drop of over $65, settling at $3,975.61 per troy ounce during Wednesday’s session. Today, Gold has further decreased to $3,947.06 per troy ounce due to profit taking<\/em> following the ceasefire between Israel and Hamas.<\/p>\n
Oil prices (CLS10) fell by $0.79, reaching $61.50 per barrel during Wednesday’s trading. The Israel-Hamas ceasefire has also cast a negative sentiment over Oil prices.<\/p>\n
The EURUSD currency pair plunged by 645 points (64.5 pip) to 1.15618 on Wednesday, marking its lowest level in over two months. This drop reflects a consecutive four-day decline, influenced negatively by the resignation of French Prime Minister Sebastien Lecornu, which has led to a political crisis.<\/p>\n
GBPUSD fell sharply by 1,000 points (100 pip) to 1.32974 during Wednesday’s trading, reaching its lowest point in two months.<\/p>\n
The USDJPY pair rose by 388 points (38.8 pip) to reach 153.010 on Wednesday. Despite a lack of fundamental changes, the yen is under significant pressure following Sanae Takaichi\u2019s election as Japan\u2019s Prime Minister. There is speculation that Takaichi may increase government spending, resulting in a larger money supply.<\/p>\n
The Nasdaq index dropped by 66 points to 25,287 during Wednesday’s trading after experiencing volatility and briefly reaching a record high of 25,392. The decline was attributed to profit taking<\/em>, yet the ceasefire agreement between Israel and Hamas is expected to deliver positive sentiment for the European trading session ahead.<\/p>\n