Worth a read after another attempt by markets at a “Hope Trade” today
Hope Is Not a Trading Strategy: Understanding Hope Trades


COMING UP: Data: Japanese Trade Balance (Sep), UK CPI (Sep), NZ CPI (Q3).
Speakers: BoE Governor Bailey; ECB’s Lane, Cipollone, Lagarde.
Supply: Australia,
US. Earnings: Abbott, NextEra, CME, AT&T, Tesla, IBM, Meta, Texas Instruments, SAP, Iberdrola, Puig.
US Market Wrap: Tech lags in wider-stock rally
SNAPSHOT: Equities mixed, Treasuries flattens, Crude down, Dollar down, Gold down.

(Right click on any image (or chart) to open a full screen in a new tab)
Netflix (NFLX) Q3 2026 (USD): EPS 0.87 (exp. 0.82), Revenue 14.6bln (exp. 12.9bln)

US500 (SP500) 4 HOUR: 5 days in a row
Some hope for the bulls with a higher low that would need to take out 7765, currently protected by 7727, to break momentum and shift the focus from 7700 (printed 5 days in a row).
Otherwise, consolidating in wide range 7631-7765 where the pattern around 7700 bears watching.

Forex Market Update: EUR crosses (
EUR is up modestly vs. the USD but down again on its crosses, most notably vs. the GBP (note French vs. German 10 year bond spread widens to 154bps).
Takeaway, Market is having more difficulty absorbing the USD sell side of the cross flows, most notably in GBPUSD (buying).

Newsquawk Daily US Opening News – 20th October 2026

(Right click on any image (or chart) to open a full screen in a new tab)

Global View | The Original Forex Trading Forum
Since our founding in 1996, we have built a legacy as a trusted place that empowers retail and professional traders alike. Our mission is simple: to provide a space where forex knowledge flows freely, and every member can grow through real-time conversation, expert insights, and shared experiences.
It isn’t just another forum; it’s the original and leading destination for Forex traders worldwide since 1996! Immerse yourself in a vibrant online community where traders of all levels connect, share strategies, and stay ahead of global market developments. Get real-time trading tips from real traders on Forex, stocks, Bitcoin, and more. We offer educational content, real-time charting tools, and access to proprietary Algo Trading systems. Join Global View today and become part of a global network of successful traders, where knowledge flows freely and your trading journey thrives! Elevate your game and experience the power of community-driven insights.

The fast-paced nature of the currency markets demands tools and platforms that keep up with the action. At Global View, we offer a live forum that features timely discussions and market reactions as they happen. Whether it’s breaking economic news, central bank announcements, or technical levels being tested, our members are always actively sharing their thoughts and forecasts in real time.
You’ll find live threads covering:
Our live discussions make Global View more than just another traders forum—they make it a key part of your daily trading workflow.

Looking for a place where serious forex investors connect and collaborate? Global View is more than a discussion board—it’s a full-fledged investment forum. Our members range from independent traders to hedge fund managers, all eager to share insights, ask questions, and learn from each other.
You can:
Our community fosters respectful and insightful conversation—perfect for traders who are committed to improving their craft.
Global View isn’t just about conversation. We provide additional resources to support your trading, including:
Whether you’re just starting out or have been trading for decades, Global View is your go-to platform for connection, education, and execution.
Join Global View today—the original and still one of the best trading forums for serious traders around the world.

© 2024 Global View
