Daily Market Review, October 14, 2025

Markets continue to trade cautiously on Tuesday as global uncertainty keeps investors on edge. Political instability in Japan and France has added to concerns about global governance risks, while ongoing tensions between the U.S. and China remain in focus. The lack of major U.S. economic data due to the government shutdown continues to distort the macro landscape, leaving investors reliant on secondary indicators and central bank commentary.

Oil is holding steady as traders weigh weaker demand signals from Asia against improving supply expectations. Gold remains firm amid rising risk aversion, while equities are mixed across regions. Cryptocurrencies like Bitcoin and Ethereum continue to consolidate as institutional flows remain steady and macro catalysts are limited.

Key Data Releases to Watch Today

GBP Unemployment Rate: Previous: 4.7% | Forecast: 4.7%
GBP Claimant Count Change: Previous: 17.4K | Forecast: 10.3K
USD Data: No major U.S. releases due to ongoing government shutdown
EUR Data: No key eurozone data scheduled for today
CAD Data: No major Canadian data on the calendar

IMPORTANT NOTE: Today the Fed Chair Jerome Powell and the Bank of England Gov Bailey will give speeches.

These releases could offer insight into labor market trends in the UK but are unlikely to shift broader global risk sentiment in the absence of U.S. data.

EUR/USD

The euro is stable against the dollar, hovering near recent levels as traders remain in wait-and-see mode. The lack of fresh macro data from the U.S. limits conviction in either direction. Meanwhile, European political concerns and weak sentiment indicators continue to weigh on confidence. Traders are watching for clearer signals from geopolitical developments or upcoming central bank remarks.

EUR/USD is testing the SMA50 dynamic resistance level. Check for reversal patterns or a confirmed breakout there.

Closest support levels: 1.1560, 1.1500

Closest resistance levels: 1.1590, 1.1620, 1.1650

Gold

Gold is steady as investors seek safety amid global political tensions and the ongoing disruption in U.S. economic reporting. The metal continues to benefit from a lack of clarity around central bank policy and persistent geopolitical unease. Traders remain cautious but supportive of the broader safe-haven narrative.

Gold is trading close to the SMA50 on the hourly chart. When the price will move even closer, I would recommend to check for reversal patterns or search for a clear breakout with a confirmation.

Closest support levels: 4,100, 4,050

Closest resistance levels: 4,170

WTI Crude Oil

Oil prices are flat to slightly higher as markets balance mixed signals. While Chinese trade data raised questions about near-term demand, OPEC’s latest forecast pointing to a smaller-than-expected supply deficit in 2026 has eased some concerns. For now, the outlook remains clouded by global growth uncertainties and uneven demand recovery.

Oil is trading below the SMA50 on the hourly chart. I expect it to test the dynamic resistance level in the upcoming hours.

Closest support levels: 58.70, 57.90

Closest resistance levels: 59.50, 61.20

Bitcoin

Bitcoin remains stable, trading near recent levels as investors assess the broader environment. With few major catalysts in play, crypto markets are relatively calm. Continued institutional interest and the absence of negative regulatory headlines provide modest support.

Bitcoin is trading right below the SMA50 on the hourly chart. I expect the testing of the dynamic resistance before any further action.

Closest support levels: 112,200, 109,300

Closest resistance levels: 113,900, 115,600

Ethereum

Ethereum is tracking alongside Bitcoin, showing limited volatility in recent sessions. As with BTC, ETH is largely unaffected by current macro developments, though sentiment could shift quickly in response to any emerging trends in tech or risk assets.