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▢️ US Dollar. Outlook

Today is Tuesday, October 27, and today we’re going to talk about the dollar index. I’ll show you the daily chart. Yes, as you can see, this is a daily chart with a logarithmic scale. On this daily chart we can see a pattern developing that is called an ending diagonal, and we are potentially in this fifth wave right now, here it is.

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πŸ‡ΊπŸ‡Έ Pre-market trading trends on the US stock market

πŸ“ˆ Mixed trends are prevailing in pre-market trading on the US stock market.

In the Financials sector, JPMorgan Chase (JPM) is up 0.75%, while Bank of America (BAC) is up 0.83%.

In the Information Technology sector, NVIDIA (NVDA) is up 1.00%, while Broadcom (AVGO) is up 3.13%.

In the Consumer Discretionary sector, Tesla (TSLA) is up 1.00%, while in the Energy sector, Exxon Mobil (XOM) is down 0.62%.

From a foreign exchange perspective, the current market configuration appears to reflect a cautious risk-on mode: the rise in the most highly capitalised technology and financial companies is sustaining interest in US risk assets, but the scale of the movement has not yet provided a strong impetus for the dollar to strengthen or weaken.

In such an environment, the dollar generally trades neutrally, while short-term dynamics depend more on expectations regarding Fed interest rates and the external backdrop.
⚠️ Australia β€” RBA Governor Michele Bullock Speaks at 00:15 GMT
⚠️ Australia β€” Consumer Prices Index at 00:30 GMT

βœ”οΈ Prev: 0.4% | 4.0%

πŸ•’ Exp: 0.7% | 4.2%

🎯 Fact.: 0.8% πŸ“ˆ | 4.3% πŸ“ˆ

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⚠️ Australia β€” Quarterly Consumer Prices Index at 00:30 GMT

βœ”οΈ Prev: 0.6% | 3.9%

πŸ•’ Exp: 1.3% | 3.9%

🎯 Fact.: 1.3% | 3.9%
⚠️ New Zealand β€” Official Cash Rate at 01:00 GMT

βœ”οΈ Prev: 2.75%

πŸ•’ Exp: 3.00%

🎯 Fact.: 2.75% πŸ“‰

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⚠️ New Zealand β€” RBNZ Press Conference at 02:00 GMT
πŸ—“ Economic Calendar at 2026/10/29 (GMT)

12:30 πŸ‡¬πŸ‡§ ⚑️ Annual Budget Release

12:30 πŸ‡¬πŸ‡§ ⚑️ Autumn Forecast Statement

12:30 πŸ‡ΊπŸ‡Έ Goods Trade Balance β€” Exp: -130.4B Actual: -134.9B

13:45 πŸ‡¨πŸ‡¦ ⚑️ Overnight Rate β€” Exp: 2.50% Actual: 2.50%

13:45 πŸ‡¨πŸ‡¦ ⚑️ BOC Rate Statement

13:45 πŸ‡¨πŸ‡¦ ⚑️ BOC Monetary Policy Report

14:30 πŸ‡¨πŸ‡¦ ⚑️ BOC Press Conference

14:30 πŸ‡ΊπŸ‡Έ Crude Oil Inventories β€” Exp: -300K Actual: -1462K

18:00 πŸ‡ΊπŸ‡Έ ⚑️ FOMC Rate Decision β€” Exp: 4.00% Actual: 4.00%

18:00 πŸ‡ΊπŸ‡Έ ⚑️ FOMC Statement

18:30 πŸ‡ΊπŸ‡Έ ⚑️ FOMC Press Conference


[Updated in real time]
FxPro pinned Β«πŸ—“ Economic Calendar at 2026/10/29 (GMT) 12:30 πŸ‡¬πŸ‡§ ⚑️ Annual Budget Release 12:30 πŸ‡¬πŸ‡§ ⚑️ Autumn Forecast Statement 12:30 πŸ‡ΊπŸ‡Έ Goods Trade Balance β€” Exp: -130.4B Actual: -134.9B 13:45 πŸ‡¨πŸ‡¦ ⚑️ Overnight Rate β€” Exp: 2.50% Actual: 2.50% 13:45 πŸ‡¨πŸ‡¦ ⚑️ BOC Rate…»
Market Sentiment for October 28, 2026
Crypto recovers as Fed decision looms

The crypto market capitalisation rebounded by 1.5% to $2.71T, buoyed by positive momentum in traditional markets. However, the fact that it remains below the 50-day moving average suggests market caution. Among the most liquid coins, the ratio of gainers to losers over the past 24 hours stands at 12:1. The top gainers were Bitcoin Cash and Near Protocol (both up 6.3%), as well as Hyperliquid (up 4.8%). Dash (βˆ’1%), Hedera (βˆ’0.3%) and Internet Computer (βˆ’0.1%) are down.

The main short-term risk is the Fed’s rhetoric. Concerns about inflation and a willingness to raise interest rates could intensify sell-offs across markets, including cryptocurrencies. A wait-and-see attitude could bring buyers back, creating the conditions for a new rally following a prolonged slide. In our view, despite high oil prices and inflation seeping into core commodities, the Fed will be more cautious in its wording than the market expected a month ago, taking into account the rapid deterioration in equity market sentiment and the fragility of the debt markets.

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⚠️ UK β€” Annual Budget Release at 12:30 GMT


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⚠️ UK β€” Autumn Forecast Statement at 12:30 GMT
πŸ‡ΊπŸ‡Έ Pre-market trading trends on the US stock market

πŸ“‰ Ahead of the Fed's interest rate decision, negative sentiment is prevailing in pre-market trading on the US stock market.

In the Financials sector, Berkshire Hathaway (BRK.B) is down 1.18%, while JPMorgan Chase (JPM) is up 0.20%.

In the Information Technology sector, NVIDIA (NVDA) is up 0.76%, while Advanced Micro Devices (AMD) is up 1.64%.

In the Consumer Discretionary sector, Tesla (TSLA) is up 0.80%, while McDonald's (MCD) is down 0.71%.

The predominance of declines among major issuers, alongside localised support for certain technology names, reflects risk aversion within the US market.

In this environment, short-term capital flows are shifting toward more defensive dollar-denominated assets and Treasuries, which is providing a moderately supportive backdrop for the dollar.
⚠️ Canada β€” Overnight Rate at 13:45 GMT

βœ”οΈ Prev: 2.25%

πŸ•’ Exp: 2.50%

🎯 Fact.: 2.50%

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⚠️ Canada β€” BOC Press Conference at 14:30 GMT