technical

The British Pound rebounded against the Yen on Friday, staying within a volatile range as interest rate differentials support potential upside toward 208 yen.

Meta extends losses after a profit miss despite strong revenue, with $600 seen as a key support level amid growing concerns over AI-driven valuations.

The Pound Sterling (GBP) accelerated its recent declines against the US Dollar (USD), as GBP/USD briefly revisited levels under the 1.3150 psychological mark.  

The EUR/USD pair ended October with a weak note, barely holding above a three-month low of 1.1522 posted in the last trading day of the month. The pair is down for a second consecutive week following the Federal Reserve (Fed) and European Central Bank (ECB) monetary policy decisions.

Gold has reverted to the $4,000 threshold in Asian trades on Monday, but buyers trade with caution, awaiting the private data releases from the United States (US). The US ISM Manufacturing PMI is due later in the day.  

Gold (XAU/USD) remained under bearish pressure and touched its weakest level since early October, below $4,000, pressured by the Federal Reserve (Fed) Chairman Jerome Powell’s cautious remarks on policy easing and a de-escalation in the United States (US) – China trade conflict.