EUR/USD Bull Run Ignites Day-Trader Frenzy – Gold Soars & Fed Cuts Loom, But Trading Remains “A Very Lonely Sport”
Market overview: Risk-on after Fed hints. Global markets were buoyed mid-week by better-than-feared news. U.S. bank and tech earnings beat estimates, sending all three U.S. indexes higher on Oct 15 ts2.tech. TechStock² reports the S&P 500 and Nasdaq set new all-time highs, helped by Morgan Stanley, Bank of America and Salesforce beating forecasts ts2.tech investopedia.com. Luxury stocks also jumped (LVMH +14%) on Chinese demand signs ts2.tech. In currency markets, the U.S. dollar weakened markedly. TS2.tech notes the Dollar Index fell to ~98.7, and EUR/USD rose to ~$1.1645 as Fed officials (like Gov. Bowman) reiterated expectations of further easing ts2.tech. Convera’s Oct