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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SOURCE
SPX
S&P 500 Index
7659.44
7659.44
7659.44
7756.84
7631.77
-84.62
-1.09%
--
--
DJI
Dow Jones Industrial Average
52002.41
52002.41
52002.41
52582.32
51847.94
-175.28
-0.34%
--
--
IXIC
NASDAQ Composite Index
26140.02
26140.02
26140.02
26674.66
26023.10
-572.99
-2.14%
--
--
USDX
US Dollar Index
101.590
101.590
101.670
101.860
101.350
-0.150
-0.15%
--
--
EURUSD
Euro / US Dollar
1.12378
1.12378
1.12410
1.12691
1.12077
+0.00176
+ 0.16%
--
--
GBPUSD
Pound Sterling / US Dollar
1.33269
1.33269
1.33316
1.33712
1.32608
+0.00516
+ 0.39%
--
--
XAUUSD
Gold / US Dollar
4165.81
4165.81
4166.25
4198.65
4146.99
-5.39
-0.13%
--
--
WTI
Light Sweet Crude Oil
98.882
98.882
98.912
99.253
95.209
+2.794
+ 2.91%
--
--

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Share

Saudi Civil Defense Authorities Have Issued An Alert Regarding Potential Dangers In Khamis Mushait And Abha

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Rubio: I Had A Productive Conversation With Managua’s Chargé D'Affaires, Bauman

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US Natural Gas Futures Fell Below $3.40 In The Grey Market, Down 3.8% On The Day

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Brent Crude Oil Broke Through $106 In Grey Market Trading, Rising More Than 3.2% On The Day

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British Media Reports: Britain Resists Pressure From The EU To Refuse To Impose Tariffs On Chinese Cars

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Mexican Minister: Trade Negotiations With The United States Have Not Reached A Stalemate

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Mexican Minister: U.S. Commerce Secretary Lutnick Does Not Oppose Lowering The Section 232 Tariffs Imposed On Mexico

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The UK Foreign Office Now Advises Against Traveling To Saudi Arabia Unless Absolutely Necessary

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US President Trump: Biden Provided Ukraine With $350 Billion Worth Of Equipment And Cash. This Is Bad, Very Bad, Absolutely Terrible

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The Security Council Held Its Sixth Indicative Vote In The Selection Of The UN Secretary-General

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According To Japan's JIJI Press, Japanese Prime Minister Sanae Takaichi Offered A Ritual Offering Called "Masakaki" To The Yasukuni Shrine, Which Enshrines Class-A War Criminals From World War II, On The 17th In Her Capacity As "Prime Minister"

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Trump Recounted How He Had Yelled At Google Executives, Demanding They Rename The Gulf Of Mexico As "American Gulf" On Maps

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On Friday (October 16), At The Close Of New York Trading (04:59 Beijing Time On Saturday), The Offshore Yuan (CNH) Was Quoted At 6.6863 Against The US Dollar, Continuing To Approach The Final Quotes Of 6.6862 On July 8, 2022, 6.6687 On June 15 Of The Same Year, And 6.5868 On April 27 Of The Same Year. This Represents A 31-point Increase From Thursday's New York Close, With Intraday Trading Generally Ranging Between 6.6918 And 6.6831. This Week, The Offshore Yuan Has Appreciated By Approximately 0.1%

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The National Association Of Air Traffic Controllers (NATCA) Announced That It Has Reached An Agreement With The Federal Aviation Administration (FAA) To Provide Eligible Air Traffic Controllers With A 2.8% Pay Rise, Effective October 18 And Retroactive To The First Full Pay Cycle In 2026

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Fitch Ratings Cameroon: Tightening Markets In The Central African Economic And Monetary Community (CEMAC) Have Exacerbated Financing Pressures And Further Deepened Reliance On External Commercial Borrowing

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Fitch's Report On Cameroon: Uncertainty Surrounding Presidential Succession Could Lead To A Disorderly Transfer Of Power And Political Risks

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Trump: The Europeans Demanded Greenland. They Knew Then That I Was Right

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Trump: If You're Unsure What A Middle Eastern Person's Name Is, Just Call Them Muhammad. There's About A 65% Chance You'll Be Right. I've Been Doing It For Years And It's Never Gone Wrong

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COMEX Gold Futures Rose 0.4% To $4,186.7 Per Ounce; COMEX Silver Futures Fell 0.04% To $57.135 Per Ounce

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Fitch Downgraded Cameroon's Rating To "B-"; Outlook Stable

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Q&A with Experts
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    Matthew flag
    EuroTrader
    @Matthewits night time in many counteies and like i said, the markets are closed so what do you expect
    @EuroTraderyes i think that is the case
    Matthew flag
    EuroTrader
    @Matthewits night time in many counteies and like i said, the markets are closed so what do you expect
    @EuroTraderi will still trade in weeknd
    EuroTrader flag
    EuroTrader flag
    EuroTrader
    @Matthewjust wait dor this to happen over the weekend, if you dont see the pin bar pattern then dont trade it
    EuroTrader flag
    @EuroTraderi will still trade in weeknd
    @Matthewill share what i have also observed on eth, lets see if we have the same setup
    Matthew flag
    EuroTrader
    @Matthewill share what i have also observed on eth, lets see if we have the same setup
    @EuroTraderokay please share
    Matthew flag
    EuroTrader
    @Matthewjust wait dor this to happen over the weekend, if you dont see the pin bar pattern then dont trade it
    @EuroTraderyes you said it s i can foloow it
    Matthew flag
    EuroTrader
    @Matthewill share what i have also observed on eth, lets see if we have the same setup
    @EuroTraderweekend is not moving very well
    EuroTrader flag
    EuroTrader flag
    EuroTrader
    @Matthewwe are actually at a dealing range, we have the b profile and i am waitonmg for price to take out those highs and give me a pin bar pattern formation
    EuroTrader flag
    Matthew
    @EuroTraderweekend is not moving very well
    @Matthewwe dont really know how its gonna play out but we just have to be pon guard
    Matthew flag
    EuroTrader
    @EuroTraderits almost same as btc
    Matthew flag
    EuroTrader
    @Matthewwe are actually at a dealing range, we have the b profile and i am waitonmg for price to take out those highs and give me a pin bar pattern formation
    @EuroTraderyou will still wait for pin bar?
    EuroTrader flag
    EuroTrader flag
    EuroTrader
    @Matthewyes the pin bar is a constant and if we dont see the pin bar formation then no need to take the trade
    EuroTrader flag
    Matthew
    @EuroTraderyou will still wait for pin bar?
    @Matthewill be off for npow, see you in weekend trading, have a great time buddy
    EuroTrader flag
    Matthew
    @EuroTraderyou will still wait for pin bar?
    @Matthewill share some setups with you if they present themselves really nut till then cheers
    Matthew flag
    EuroTrader
    @Matthewill share some setups with you if they present themselves really nut till then cheers
    okay, i understand, @EuroTrader
    Matthew flag
    EuroTrader
    @Matthewill share some setups with you if they present themselves really nut till then cheers
    @EuroTradersee you later
    Osaghae Cephas flag
    Matthew
    @EuroTradersee you later
    @Matthewhola
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          The Middle East is a Tinderbox Ready to Explode

          Devin

          Political

          Summary:

          Ever since the attacks carried out by Hamas against Israel on Oct 7, 2023, and the subsequent Israeli retaliatory air and ground campaign, there have been...

          Ever since the attacks carried out by Hamas against Israel on Oct 7, 2023, and the subsequent Israeli retaliatory air and ground campaign, there have been fears that this latest confrontation between these two long-standing foes could escalate into a wider regional conflagration.
          While this has not happened yet, the longer history of the Israeli-Palestinian and Arab-Israeli conflicts highlights potential for escalation.
          With violence increasing across the wider Middle East, there are several potential pathways to escalation - via Iranian-sponsored terrorist groups, through worsening inter-state relations and by great powers being drawn into any of these conflicts.
          Instability In Lebanon
          First, Iranian proxies could increase their activities more significantly, including in what they might regard as a show of solidarity with Palestinians in general, and with Hamas and Palestinian Islamic Jihad, both of which are also sponsored by Iran as part of the so-called Axis of Resistance.
          In the case of Lebanon-based Hezbollah, this would open a second front in northern Israel. The situation there has been tense for months. Several flare-ups have brought this escalation scenario close to reality, including Israel’s targeted assassination of senior Hezbollah leaders in southern Lebanon.
          The United States' efforts to calm the situation have only been moderately successful, and indirect channels of communication appear to remain open between Israel and Hezbollah. This is particularly important as a more intense direct confrontation between Israel and Hezbollah could trigger another full-scale war as it did in 2006 - a grim prospect given Lebanon’s protracted political volatility and economic instability.
          Strikes In Syria, Iraq, Pakistan Fuel Hostilities
          US support for Israel may have become more equivocal over the past several months, but Washington is still seen as Tel-Aviv’s most important backer. This has exposed US military bases across the Middle East to a significant increase in attacks and prompted counter-strikes by US forces. Similar tit-for-tat escalations have now engulfed several other states across the region and beyond.
          Israel struck an Iran-linked target in the Syrian capital, Damascus, while Jordan carried out attacks against alleged drug smugglers in Syria.
          Adding to concerns over stability in Syria as a whole, Iran sent ballistic missiles against alleged Islamic State targets in Syria, in retaliation for an IS attack in Iran’s city of Kerman on Jan 3.
          The same reason was given for Iranian strikes against Erbil in northern Iraq, which also targeted an alleged Israeli spy facility there, prompting widespread condemnation because of the risk of further destabilisation of an already volatile Iraq.
          And in yet another demonstration of Iranian assertiveness, Tehran carried out air strikes against a base of Jaish al-Adl, a terrorist group operating in the Iran-Pakistan border area. This prompted retaliatory strikes from Pakistan two days later.
          None of these incidents have escalated into prolonged cross-border hostilities yet, indicating that political leaders are still able to show a minimum of restraint. At the same time, the pattern of attacks also demonstrates the pivotal role that Iran is playing in any potential further escalation.
          Flashpoints From the Israel-Hamas War
          This is nowhere more obvious than in the case of the attacks by Iran-backed Houthis in Yemen against shipping lanes in the Red Sea.
          These attacks pose a major threat to the global economy with about 12 per cent of international trade and more than US$1 trillion worth of goods passing through the Red Sea each year.
          To protect the around 17,000 ships annually making the journey through the Suez Canal, the US and UK have carried out several strikes against Houthi targets in Yemen.
          This instability off the coast of Yemen has also affected China’s export-oriented economy, and while Beijing has framed the situation in the Red Sea as a direct consequence of the Israel-Hamas war, it did not veto a United Nations Security Council resolution strongly condemning Houthi attacks.
          The crisis in the Red Sea, however, has potential to undermine efforts to end Yemen’s civil war, in which the country’s internationally recognised government, militarily backed by Saudi Arabia and the United Arab Emirates, has fought the Houthis since 2015.
          Because Saudi Arabia and Iran back different sides in this conflict, any further escalation could also derail further China-brokered rapprochement between these two regional rivals.
          This, in turn, also decreases the likelihood of a sustainable solution for the crisis in Gaza. Hamas receives most of its backing from Iran and Qatar and is also able to fund-raise in Qatar itself.
          In contrast, most other Arab states are keen to see Hamas defeated in Gaza, regardless of their support for the Palestinian cause.
          This hostility towards Iranian proxies is even more obvious in the case of Hezbollah: With both the political and military wings Hezbollah banned by all the members of the Gulf Co-operation Council and most other Arab countries in North Africa, there should be no illusion about the fact that Hezbollah is seen as a threat by rulers across the Arab world - a perception that extends to Iran as the main sponsor of Hamas, Hezbollah and a range of other terrorist groups.
          Amid these complex calculations by political leaders across the Middle East and beyond, Palestinian suffering in Gaza continues at an unprecedented level.
          With Israeli Prime Minister Benjamin Netanyahu again explicitly ruling out the creation of Palestinian state, a pathway towards a settlement that could be broadly supported across the region and at the UN, is nowhere in sight. Netanyahu’s dangerous stance also, and perhaps fatally, undermines prospects for the rapprochement between Saudi Arabia and Israel that would be critical for sustainable peace in the Middle East.
          With the Israel-Hamas war unlikely to end soon, let alone any prospects of a sustainable solution to the wider Arab-Israeli and Israeli-Palestinian conflict, the risk of escalation is likely to remain high and turn into reality – if not by design, then by miscalculation as the multiple crises engulfing the Middle East will eventually become unmanageable and spin out of control.

          Source: CNA

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          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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