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Silver (XAG/USD) climbs to a fresh all-time high on Friday, buoyed by dovish Federal Reserve expectations alongside strong industrial and investment demand.

The major US stock indices closed higher for the 5th consecutive day. Despite the gains the NASDAQ is closing lower on the month for the 1st time since March (-1.51%). The S&P eked out a small gain of 0.13% for the month. The Dow industrial average rose 0.32% for the month.

For the trading day:

• Dow industrial average rose 289.30 point or 0.61% at 47716.42.
• S&P index rose 36.48 points or 0.54% at 6849.09.
• NASDAQ index rose 151 points or 0.65% at 23365.69

This month, there was a disparity of winners and losers. Looking at some of the big names:

• Nvidia had its worst month since March with a decline -12.6%
• Meta rebounded by 9.04% this week which nearly erased the declines for the month. The stock is closing down -0.0617%.
• Alphabet was a big gainer with a rise of 13.87%.
• Microsoft felt -5.0%
• Amazon felt -4.05%
• AMD fell -15.11%.
• Broadcom rose 9.02%
• Tesla fell -5.78%

Some of the other bigger moves to the downside this month include:

• Raytheon: -36.14%

• Super Micro Computer: -35.76%

• Strategy: -35.66%

• Celsius: -33.35%

• Roblox: -29.00%

• Trump Media & Technology Group: -27.66%

• Oracle: -26.66%

• DoorDash: -25.44%

• Nebius NV: -24.12%

• Arm: -21.17%

And some of the winners for the month:

• Biogen: +23.14%

• Merck & Co: +21.09%

• Alphabet A: +16.61%

• Marriott International: +15.84%

• Western Digital: +15.53%

• Southwest Airlines: +13.60%

• First Solar: +12.91%

• FedEx: +10.42%

This article was written by Greg Michalowski at investinglive.com.

In the video above, I take a look at the major currencies versus the US dollar from a technical perspective as the week comes to a close and traders look toward the new trading week.

What is the bias, the risks and the targets for each?.

Prepare for the new week, by understanding the key risk and bias defining levels for your trading.

This article was written by Greg Michalowski at investinglive.com.

Frustrating as volatility can be, it also tends to present opportunities.

West Texas Intermediate (WTI) US Oil trades around $59.30 on Friday at the time of writing, posting a 0.50% daily gain as investors adopt a cautious stance while monitoring ongoing efforts toward a Russia-Ukraine peace agreement.

Gold (XAU/USD) edges higher on Friday after a bout of volatility sparked by the CME trading outage briefly dragged prices lower. At the time of writing, XAU/USD is trading around $4,209, with the metal on track to notch its fourth straight monthly gain.

ECB’s the guard is on the wires saying:

• Interest rates are at the right level
• Optimistic about the situation in France.

This article was written by Greg Michalowski at investinglive.com.

European indices are closing with modest gains for the day but solid gains for the week. Today’s gains were led by Italy’s FTSE MIB with a gain of 0.32%.

A snapshot of the closing levels shows:

• German DAX, +0.25%
• France’s CAC +0.29%
• UK’s FTSE 100 +0.27%
• Spain’s Ibex +0.06%
• Italy’s FTSE MIB +0.32%

For the trading week,

• German DAX, +3.19%
• France’s CAC + 1.75%
• UK’s FTSE 100 +1.90%
• Spain’s Ibex +3.47%
• Italy’s FTSE MIB +1.63%

As London/European traders head for the exits, with US stock traders not far behind at 1 PM ET, the major indices are higher led by the Dow industrial average:

• Dow industrial average +0.68%
• S&P index +0.43%
• NASDAQ index +0.38%

This article was written by Greg Michalowski at investinglive.com.

After a quarter severely impacted by trade tensions, the Canadian economy returned to growth in Q3 with an annualized increase of 2.6%, surprising economists by a wide margin.

The British Pound (GBP) treads water against the Japanese Yen (JPY) on Friday as the latest Tokyo inflation data keeps the Bank of Japan (BoJ) firmly on a tightening path.