US major indices close lower. Declines today erase the week's gains.

• Major US indices close lower as Nasdaq and Russell 2000 lead declines due to higher yields and oil prices. Top gainers include Cisco and Nvidia, while losers include Raytheon and Shake Shack

Powell exits after one of the wildest Fed eras in history

• From zero rates and a 0.50% 10-year yield during COVID to a 5% Treasury yield, 9.1% inflation, and the most aggressive tightening cycle since the 1980s, Jerome Powell’s tenure reshaped the U.S. economy and financial markets.

Gold tumbles lower today on the back of higher yields and the higher USD

• Gold is down $90 on the day but did stall the fall at a key target floor.

Israel says it carried out targeted strike in Gaza against Hamas head.

• De Facto Hamas head is targeted

The Real Cost of Forex Trading—Everything That Eats Your P&L Beyond the Spread

• Seven hidden costs every forex trader pays, and how to check each one before it eats your P&L.

Baker Hughes total rig count rises by +3 to 551

• Bakers Hughes Rig count for the current week.

European shares close lower on the day and lower on the week

EURUSD sellers are leaning aganst corrective resistance targets keeping sellers in control

• Resistance at 1.1655 and swing area between 1.16377 to 1.1646 keeps the sellers in the drivers seat.