American Market Recap: GBPUSD is back testing an old floor between 1.3323 and 1.3341

Friday, 10 Oct, 2025 Technical Analysis GBPUSD is back testing an old floor between 1.3323 and 1.3341 The GBPUSD moved lower earlier today, breaking to a new low not seen since August 5 . The decline tested that prior low at 1.32594 , where buyers stepped in to stall the fall. A sharp reversal followe Central Banks Fed's Musalem: Feds goals are in tension The St. Louis Fed Pres. Musalem is speaking and says: Fed's goals are in tension Inflation running high, labor market showing signs of potential weakness Balanced approach on monetary policy only work Learn more News Baker Hughes Oil rigs -4 at 418 Oil rigs: -4 at 418 Gas rigs +2 at 120 Total Rigs -2 at 547. The price of crude oil is trading sharply lower by $2.48 and $59.05 as the market reacts to the prospects of higher tariffs slowing growth News Reports of unusual betting for the Nobel Peace prize The Nobel Peace prize was awarded to Venezuelan opposition leader Maria Corina Machado. The five-member committee reportedly decided to nominate Machado by Oct. 6, according to earlier reports. Some s Technical Analysis S&P moves to new lows and is back down testing the 200 hour MA The S&P is trading to new lows and 6615.71, and in doing so is dipping just below the 200 hour moving average at 6616.42. Concerned about US and China and now the layoffs/firings of thousands of f News OMB Director says the layoffs have begun The US OMB Director Vought is saying that the layoffs have begun. By layoffs, he means firings. Stock market update European indices close lower on the day. Declines led by the Italy's FTSE MIB The major European indices are all closing lower on the day. The biggest decliner was Italy's FTSE MIB with a fall of -1.74%. Spain's Ibex was the best performer with only a decline of -0.70%. Below i Technical Analysis EURUSD moves up to the 100 hour/day MAs, and finds sellers The EURUSD raced higher with the dollar selling after US China tensions increased with Pres. Trump saying that massive tariffs would need to be imposed on imported goods from China in response to thei Learn more News The BLS will release the September CPI report on Friday, October 24 at 8:30 AM ET If you don't know what inflation is doing, you can't fight it. The BLS has announced that despite the government shut down, they will look to release the CPI data on Friday, October 24 at 8:30 AM. The

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