US Dollar Rallies as October Non Farm Payrolls Beat Forecasts

Coinbase, Robinhood and Circle are building businesses in stablecoins, payments, lending and prediction markets. Their latest earnings show those efforts are growing, but not yet enough to fully offset weaker crypto trading and margin pressure.

Global markets moved into risk-off mode after Democratic Midterm victories in both chambers raised fresh questions around regulation and the durability of the AI-led equity trade. Traders are also focused on eurozone CPI and US ISM services data, with bonds, the dollar and oil all reacting to shifting policy and macro expectations.

Natural gas moved higher as cooler weather forecasts supported demand expectations, keeping attention on the $3.00 to $3.03 resistance area. WTI and Brent oil retreated as traders weighed reports that Iran may be ready to discuss its nuclear program, though uncertainty around negotiations limited aggressive bearish positioning.