China Agrees to Buy 20 Million Tons of U.S. Coal 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Trump to Ease U.S. Fuel-Economy Standards 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Trump, Xi Focus on Trade and AI at White House Summit 
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U.S. Dollar Strengthens
The US Dollar extended its bullish trend, supported by US Treasury yields which surged past the 4.3% level.
Housing Market Insights
The S&P/Case-Shiller Home Price Index Composite-20 showed a year-over-year increase of 5.2% in October 2024, surpassing the forecast of 4.9% but lower than last year's 5.9% rise. The Conference Board Consumer Confidence Index also saw a significant rebound, jumping to 108.7 in October from 99.2 in September, marking the strongest monthly gain since March 2021.
Trump's Crypto Ambitions
Donald Trump is embracing cryptocurrency, aiming to make the U.S. a leading hub for digital currencies. He is also planning to remove SEC Chair Gary Gensler, who has faced criticism from crypto supporters. He is accepting campaign donations in cryptocurrencies, appealing to crypto enthusiasts, while analysts anticipate that a Trump victory could boost Bitcoin's value.
Currency Performance Overview
The British Pound is holding strong as the U.S. Dollar rises, remaining the only major currency that is sturdy. The Australian Dollar and Swiss Franc are struggling, with traders awaiting key inflation data that may influence the Reserve Bank of Australia's policy. The Japanese Yen remains weak, with officials closely monitoring the USD/JPY rate as it approaches the important level of 155.
