🟡 Gold dropped sharply on Tuesday after hotter than expected US inflation data. The metal lost close to 3% on the day and tested the $4,000 area before buyers stepped in.

📊 Key levels to watch → eng.primexbt.com/yQ1Q7l

#PrimeXBT #TechnicalAnalysis

📉 Weekly Market Report: stocks and oil slide after the midterms

The S&P 500 fell 2.7% last week to 7,376.86, its fourth straight weekly loss.

WTI crude fell about 13% last week to near $90.4.

📊 Full report → eng.primexbt.com/zFjvwZ

📈 Shares Top Gainers (24H)

🥇 AAPL leads with +0.54%
Which one's on your watchlist? 👀

👉 eng.primexbt.com/eNxl18
#PrimeXBT #TopGainers

October US CPI is out today at 13:30 UTC, the last one before the Fed meets on Dec 8–9.

September: +0.6% headline, +0.3% core (m/m)
October forecast: +0.2–0.3% headline, ~0.2% core

Core at 0.3% or higher could revive Dec hike bets. bitcoin:native

Full preview → eng.primexbt.com/hYawHt

Brent fell to $92 on US-Iran diplomacy, easing fears of higher rates. In theory that's good for #Gold.

Gold slipped anyway 🤔

Profit-taking after a 5% week, or is something else going on? Tell us in the replies 👇

#XAUUSD #oil

📈 Forex Top Gainers (24H)

🥇 NZD/HKD leads with +1.31%
Which one's on your watchlist? 👀

👉 eng.primexbt.com/oNO6NQ
#PrimeXBT #TopGainers #Forex

🔍 Top economic events

🇺🇸 US CPI: The main event of the week, with October’s inflation reading feeding directly into expectations for the Fed’s December meeting.
🇺🇸🇨🇦 US & Canada Bank Holiday: Veterans Day in the US and Remembrance Day in Canada. Bond markets are closed on both sidequities stay open, so expect thinner liquidity midweek.
🇬🇧 UK Q3 GDP: The first estimate of third-quarter growth, landing after the Bank of England’s latest rate decision.
🇪🇺 Eurozone Q3 GDP & Employment: A fuller read on growth and the labour market across the bloc.
🇺🇸 US PPI: A measure of producer inflation, adding another piece to the price picture after Tuesday’s CPI.

Trade here 👉 eng.primexbt.com/Y1jrpn

Bitcoin (bitcoin:native) dropped below $74,000 early on Monday, its lowest level since August, before recovering part of the move to trade near $74,200.

Much may depend on how price reacts around the 200 day average.

📊 Key levels to watch → eng.primexbt.com/E0bpJ6

📉 #BTCUSD has been trading in a descending channel since early October.

New to trading? What’s a descending channel, and how do traders usually read it? 🤔

Tell us in the replies 👇

📈 Indices Top Gainers (24H)
🥇 JAPAN leads with +2.20%
Which one's on your watchlist? 👀

👉 eng.primexbt.com/rzCVCG
#PrimeXBT #TopGainers #Indices

US markets go into today's jobs report on shaky ground.

Economists expect the US added about 65,000 jobs in October, with unemployment at 4.2%.

With markets this fragile, a surprise in either direction could add to the volatility.

eng.primexbt.com/3rX63z

📉 Yesterday the S&P 500 fell 3.5% and the Nasdaq 5.5% as AI fears hit tech stocks.

Today all eyes are on the US jobs report (NFP). Strong data could make a Fed rate hike more likely, which usually pulls stocks lower.

Support is near 7,300, where buyers stepped in.

📈 Crypto Top Gainers (24H)

🥇 XTZ leads with +9.60%
Which one's on your watchlist? 👀

👉 eng.primexbt.com/EHIhOG
#PrimeXBT #topgainers #Crypto

Democrats are projected to take both the House and the Senate.

On Wednesday, Nasdaq 100 futures fell as much as 2.4% before rising about 1%. Gold went back above $4,000 and the dollar hit a one-month low.

What a divided Washington could mean for markets 👇
eng.primexbt.com/PnixV0

🔥 #PrimeXBT Market Insights:
#GBPUSD hit 1.35, a 7-week high.

GBPUSD is the price of 1 British pound in US dollars. Falling US Treasury yields are pulling the USD down.

The Bank of England is expected to raise rates by 25bps to 4%, and higher rates usually support a currency.

🇺🇸 ISM Services PMI is out today at 15:00 UTC.

It shows whether US service businesses are growing (above 50) or shrinking (below 50).

Forecast: 54.8 | Previous: 54.9

A big surprise can move USD and US indices.

What is PMI? eng.primexbt.com/STRSIC

Bank of England decision tomorrow, 12:00 UTC.

Economists expect a hike from 3.75% to 4%, the first since 2023. Markets have it almost fully priced in, so #GBPUSD may react more to the vote split and the guidance for 2027.

Three scenarios in our preview:
eng.primexbt.com/YzFYag

📊 $UBER reports earnings today, before the US open.

It guided $58.25-60.25B in bookings. Analysts expect ~$59.7B.
The number that matters most: the Q4 forecast. Last time it came in light and the stock fell.
Options price in a move of ~8% either way.

eng.primexbt.com/lBgNVx