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Trump reveals "huge deal", ECB holds firm for third consecutive meeting
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Hello everyone, today XM Forex will bring you "[XM official website]: Trump revealed the "huge deal" and the European Central Bank stayed on hold for the third consecutive meeting." Hope this helps you! The original content is as follows:
On October 31, in early Asian trading on Friday, Beijing time, the U.S. dollar index was hovering around 99.45. On Thursday, affected by Powell's hawkish attitude, the U.S. dollar index strengthened and finally closed up 0.38% at 99.51. The benchmark 10-year U.S. Treasury yield finally closed at 4.0990%, and the 2-year U.S. Treasury yield, which is sensitive to the Fed's policy rate, closed at 3.6160%. Investors viewed recent trade developments as a cooling of tensions rather than structural changes in relations, and uncertainty remained. Spot gold rebounded from consecutive days of decline, regaining the 4,020 mark, and finally closed up 2.39% at $4,024.49 per ounce; spot silver finally closed up 2.84% at $48.92 per ounce. International oil prices fluctuated within a narrow range as traders assessed the impact of U.S. sanctions. WTI crude oil finally closed down 0.08% at US$60.16/barrel; Brent crude oil finally closed down 0.28% at US$64.02/barrel.
Analysis of major currency trends
U.S. dollar index: As of press time, the U.S. dollar is hovering around 99.45. The Federal Reserve cut interest rates by 25 basis points as expected. Further tapering of QE has been confirmed and is expected. Technically, if the USD Index manages to close above the 99.50 level, it will move towards the next resistance level at 100.00–100.15.



Gold and crude oil market trend analysis
1) Gold market trend analysis
In the Asian market on Friday, gold hovered around 4027.51. Gold managed to regain some of its losses on Thursday, with prices trading near the $4,000 mark. However, this rise was capped due to widespread demand for the US dollar (USD). Following the Federal Reserve's (Fed) hawkish interest rate cut on Wednesday, the Bank of Japan (BoJ) decided to keep interest rates unchanged as widely expected. However, Bank of Japan Governor Kazuo Ueda made some dovish www.xm-forex.comments that sent the yen sharply lower while providing additional impetus to the dollar.

2) Crude oil market trend analysis
On Friday in the Asian session, crude oil was trading around 60.07. The Federal Reserve announced on Wednesday that it would cut its benchmark interest rate by 25 basis points, in line with market expectations, but suggested that this may be the last rate cut this year.In the Middle East, the financial situation of Saudi Arabia, the world's largest crude oil exporter, is also becoming tight.

Foreign exchange market transaction reminder on October 31, 2025
To be determined, the central banks of Britain, France and Italy will hold seminars
09:30 China's official manufacturing PMI in October
10:00 National Development and Reform www.xm-forex.commission October press conference
15:00 UK Nationwide House Price Index in October Rate
15:30 Annual actual retail sales rate in Switzerland in September
15:45 Initial monthly CPI rate in France in October
18:00 Eurozone October C Initial value of annual PI rate
18:00 Initial value of monthly CPI rate in Eurozone in October
20:30 Monthly GDP rate in Canada in August
20:30 September in the United States Annual rate of core PCE price index
20:30 Monthly rate of personal expenditures in September in the United States
20:30 Quarterly rate of labor cost index in the third quarter of the United States
20:30 Monthly rate of core PCE price index in September in the United States
21:30 Fed Logan gave a speech
21:45 Chicago PMI in October in the United States
At 00:00 the next day, Fed Bostic attended a seminar
At 01:00 the next day, the total number of oil drilling rigs in the United States for the week to October 31
The above content is about "[XM official website]: Trump revealed the "huge deal" and the European Central Bank stayed on hold for the third consecutive meeting". It was carefully www.xm-forex.compiled and edited by the XM foreign exchange editor. I hope it will be helpful to your trading! Thanks for the support!
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