The GBP continued to drop by 300 points after the Bank of England (BOE) intervened in the gilt-edged market, sending it soaring to 1.0850. However, after entering the New York session, the GBPUSD rose to 1.0700 and erased most of the intraday decline.

The EURUSD's recent decline began on September 20, causing the EURUSD to break parity. With the exchange rate once again firmly below the level of 1.0000, the short-term target of the bears is 0.9500. If this level is broken, it will reach 0.9000. This prospect arises from the energy price shock facing the eurozone and its negative impact on the industrial sector. The argument is that trade will shift to countries that are more insulated from higher energy prices, further weakening the EUR.

Supported by the fall of gold price to its lowest level in two and a half years (go long at the lows) and the weakening of the momentum of the US Dollar Index (USDX) and US Treasury Securities yields from the overnight high point, the gold price rebounded. However, whether this rebound will be "short-lived" still needs to focus on the suppression of several key support areas.

With the 10-year yield on US Treasury Securities exceeding 4.0% and entering the lower edge of the policy interest rate at the end of the year one quarter ahead of schedule, the short-term sentiment-triggering trading will come to an end after the madness.

After the sharp decline of the EUR in recent trading days, the bearish sentiment has been released, and the focus should be given to the support below near 0.95000.

The accelerating pace of tightening in global monetary policy and tightening market liquidity continued to weigh on risky assets such as cryptocurrencies. Bitcoin is at risk of continuing to break the level and fall.