Sunday, November 1, 2026

Global markets faced intense volatility over the past six hours. The Bank of Japan held rates at 1.25% but declared its 2% inflation target met, signaling a hawkish shift that impacts JPY crosses. In the US, soft economic data dragged the 10-year Treasury yield to 4.927%, pressuring the DXY. However, severe tech earnings misses battered the Nasdaq 100 and S&P 500. Meanwhile, a historic $6.3 billion Binance hack sent Bitcoin plunging toward $76,000, triggering massive ETF outflows and dragging down altcoins like Ethereum and Solana. Gold also plummeted 17%.