Analysis

TradingKey – As expected, the Bank of Japan (BoJ) kept interest rates unchanged at its October meeting. BoJ Governor Kazuo Ueda expressed concerns over the yen's weakness and hinted at potential rate hikes tied to inflation, leading to a stronger yen.

TradingKey - In the US, Big Tech has been gearing up to report their latest numbers as earnings season kicks into gear. For a lot of the large cloud companies, investors have been watching out for how the Artificial Intelligence (AI) story plays out.

Brian Armstrong, CEO of Coinbase, in an X post, mentioned the US election results will land in 6 days and no matter how it goes, this will be the most pro-crypto congress ever.

The USD/CHF pair drifts lower to around 0.8655 during the early European session on Thursday.

Some suggested that the second-largest cryptocurrency will soon break from the next resistance level and reclaim the $3,000 mark.

Japan equities were lower at the close on Thursday, as losses in the Transportation Equipment, Rubber and Pharmaceutical Industry sectors propelled shares lower.

EUR/GBP trades slightly lower during early European hours on Thursday near 0.8360, following strong gains in the previous session.

(Reuters) -Facebook owner Meta Platforms on Wednesday warned of "significant acceleration" in artificial intelligence-related infrastructure expenses next year, while beating analysts' estimates for third-quarter revenue and profit.

Reddit sold the majority of its cryptocurrency holding, mainly dominated by Bitcoin, before BTC started pumping up in October, as revealed in its latest Securities and Exchange Commission (SEC) filing. 

SEOUL (Reuters) -Samsung Electronics said it would focus on producing high-end chips and was making progress on a major supply deal, as it sought to allay investor concerns over its semiconductor business that suffered a 40% quarter-on-quarter profit plunge.

Palantir Technologies (NYSE: PLTR) seems to be in the right place at the right time. Investor optimism about artificial intelligence (AI) is rising, while global tensions could boost demand for the company's military targeting and analytics software.

GREEN BAY, Wisconsin (Reuters) -Republican presidential candidate Donald Trump and his Democratic rival Kamala Harris accused each other of deepening the discord of a deeply polarized nation as the U.S. presidential campaign entered its final week on Wednesday.

The Shiba Inu price has been on a rampage alongside many other cryptocurrencies. Over the past 24 hours, Shiba Inu has increased by about 4.4% amidst significant investor interest.

(Reuters) - Japanese investors sold overseas assets for a third straight week through Oct. 26, cashing in on the yen's sharp decline amid U.S. election uncertainties and reduced expectations of big Federal Reserve rate cuts.

European Central Bank (ECB) President Christine Lagarde said that the rate cuts will continue, but it will be determined by underlying economic data in the coming months, per Le Monde. 

McDonald's (NYSE: MCD) shares took a hit after the company's popular quarter pounders were linked to an E. coli outbreak in several Western and Midwest states. The U.S. Department of Agriculture believes that the onions used in the burgers were the likely source of the contamination.

Starbucks Corporation (NASDAQ:SBUX) reported disappointing fourth-quarter results that fell short of analyst expectations, sending shares down 1.5% in after-hours trading. The coffee giant's earnings and revenue declined as it faced challenges in customer experience and traffic.

Bitcoin surged past $73,000 yesterday, nearly breaking its all-time high and sparking a wave of optimism and euphoria across the market. This significant price movement has fueled hopes for BTC’s push into price discovery and new, uncharted territory. 

Silver prices (XAG/USD) extends its losses for the second consecutive day, trading around $33.60 during the Asian hours on Thursday.

MicroStrategy, the world’s largest corporate Bitcoin holder, has unveiled plans to raise $42 billion in capital over the next three years to expand its Bitcoin holdings.