AI spending faces a reality check as investors reassess tech valuations, while Starlink reshapes the telecom landscape. Explore the key market moves and what Australian traders need to watch next.
Weekly Market Wrap: AI spending hit a reality check — and Starlink rewrote the telecom trade
The S&P 500 closed near record highs on 9 October 2026. Explore rally drivers, key technical levels, October forecasts and S&P 500 CFD trading in Australia.
S&P 500 Near Record Highs: Can the Rally Continue? (October 2026 Outlook)

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Market News Today Australia: US Dollar Retreats, Oil Holds Near US$95 as CPI LoomsUS dollar retreats as Fed signals diverge, WTI crude holds near US$95 and gold struggles ahead of US CPI. Read the latest market outlook for Australian traders.
Author  Mitrade Team
9 mins ago
US dollar retreats as Fed signals diverge, WTI crude holds near US$95 and gold struggles ahead of US CPI. Read the latest market outlook for Australian traders.
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Bitcoin Briefly Tops $84,000 Amid Asian Stock Market Bloodbath: What’s Next?Bitcoin briefly climbed back above $84,000 on October 13 before retreating as a broad Asian equity rout deepened across major markets and dragged global risk appetite lower.The move shows how closely
Author  Beincrypto
1 hour ago
Bitcoin briefly climbed back above $84,000 on October 13 before retreating as a broad Asian equity rout deepened across major markets and dragged global risk appetite lower.The move shows how closely
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Goldman Crushes Estimates, JPMorgan Misses: What Do Bank Earnings Mean for Stocks?Goldman Sachs beat profit forecasts by 30% on Tuesday as its stock-trading revenue jumped 72%. JPMorgan Chase, the largest US bank, missed on both profit and revenue.Bank results act as an early healt
Author  Beincrypto
1 hour ago
Goldman Sachs beat profit forecasts by 30% on Tuesday as its stock-trading revenue jumped 72%. JPMorgan Chase, the largest US bank, missed on both profit and revenue.Bank results act as an early healt
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Copper Price Could Hit Record High as Economic Indicators Turn BullishCopper price climbed toward $6.80 per pound on Tuesday, about 2% below its September record. Easing fears of another US rate hike and fresh mining disruptions in Chile are driving the move.On the Lond
Author  Beincrypto
1 hour ago
Copper price climbed toward $6.80 per pound on Tuesday, about 2% below its September record. Easing fears of another US rate hike and fresh mining disruptions in Chile are driving the move.On the Lond

Daily Ranking

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Trading Analysis

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Gold

Intraday

Intraday: Rebound expected

Our preference

In spite of the current correction, a rebound near 4,232 is expected as long as 4,118 is still intact

1 hour ago

EUR/USD

Intraday

Intraday: Watching for a Trigger Above Resistance

Our preference

The upside prevails as long as 1.1175 is support, with 1.1219 and 1.1231 as targets

1 hour ago

Silver

Intraday

Intraday: Key support level approaches

Our preference

The downside prevails as long as 60.92 is resistance, with 58.70 and 58.14 as targets

1 hour ago

USD/JPY

Intraday

Intraday: The upside prevails as long as 158.12 is support

Our preference

The upside prevails as long as 158.12 is support, with 158.99 and 159.23 as targets

1 hour ago

Ethereum

Intraday

Intraday: 2,561 in sight

Our preference

In spite of the current correction, a rebound near 2,586 is expected as long as 2,462 is still intact

1 hour ago

GBP/USD

Intraday

Intraday: Gains at stake near target

Our preference

The upside prevails as long as 1.3219 is support, with 1.3276 and 1.3291 as targets

1 hour ago

WTI

Intraday

Intraday: the upside prevails.

Our preference

long positions above 91.90 with targets at 96.40 & 98.20 in extension.

1 hour ago

WTI

Medium Term

Middle Term: the bias remains bullish.

Our preference

long positions above 80.00 with targets at 119.50 & 130.50 in extension.

2 hours ago

Silver

Medium Term

Middle Term: consolidation in place.

Our preference

short positions below 77.50 with targets at 55.00 & 46.00 in extension.

2 hours ago

Gold

Medium Term

Middle Term: consolidation in place.

Our preference

short positions below 4890 with targets at 3940 & 3500 in extension.

2 hours ago
Data Source: Trading Central*
Data Source: Trading Central*

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