EUR/USD touched 1.1161, its weakest since May 2025, as hedge funds sold in Asia and triggered option barriers, per Bloomberg. French bond futures sit near record lows, the French premium over Bunds is about 140bp and a snap Spanish election is reported. Final eurozone composite PMI of 53.1 and services at 53.0 gave no lift. Pepperstone warns against fading the move; ECB’s Lane flags growth risks. Dollar index is near 102.4. All levels are conditional.

The French 10-year yield is 4.918%, up 1.16% and testing the 5% area after climbing inside a steep rising channel since late August. Reuters notes the premium over Bunds ended last week near 140bp, its biggest weekly jump in 17 years, and French bond futures sit close to record lows. Daily RSI near 76.6 is overbought, so a pause is possible, but the 20-day average near 4.60% is far below. A close above 5.00% would deepen contagion fears for the euro and CAC 40. Levels are conditional.

Sterling is steady near 1.3234 as the dollar bid eases, and it gained 0.3% against the euro. FXStreet notes the pair holds below its short-term EMAs with RSI near 35, while BoE officials have hinted at further hikes on energy-driven inflation. UK 2-year gilts yield about 4.81% and 10-year 5.37%. The final services PMI at 08:30 GMT follows a flash 51.7, and Chancellor Healey’s first budget is due next month. US ISM services at 14:00 GMT is the next test.

Silver spiked to $62.09 on Friday’s payrolls miss, settled near $60.37 as yields reversed, and is rebounding in Europe. Investing.com’s levels show a Fibonacci support band at $61.17-$60.00 and a no-trade pocket up to $63.12; the downtrend from $71.16 stays intact until that clears. Gold futures near $4,183 are rising. Treasury yields near 5.25% and a firm dollar remain the main brakes.

WTI is steady near $91 after Friday’s slide as the G7 agreed to release 100 million barrels, Kpler data showed Gulf exports above pre-war levels on four of seven days, and Aramco cut Asian prices to six-year lows. Offsetting that, UKMTO reports at least one tanker attack daily since Oct 2, the Houthis claim strikes on Aramco sites and Iran says Hormuz flows are ‘negligible’. ING sees the gasoil crack easing to about $70. Headlines can reverse these levels quickly.

London is flat while Paris falls about 0.9%. BT rose 1.8% after buying TalkTalk and PlatformX out of administration, National Grid rose 0.9% on stronger guidance and Ithaca gained 2.1% on its $1.11bn Suncor deal. HSBC (-0.75%) and Lloyds (-0.53%) lag with gilt yields elevated. Goldman initiates Burberry at Neutral. A break above 10,520 needs a calmer euro-zone bond market; below 10,420 targets 10,350.

Ether trades near $2,714 after beating Bitcoin in Q3, though CoinGecko data cited by CoinDesk shows liquidity thinned. Crypto Briefing reports the unstaking queue has jumped 392% since the start of October, a possible supply overhang. The SEC clearing the first 3x leveraged crypto ETPs and the Fed-hike retreat help risk appetite, while Bitcoin has failed twice below $87K. Levels are conditional.

SOL trades above $120 after US spot Solana ETFs logged a record $188M weekly inflow, with Bitwise’s BSOL taking about $128M. The upgrade narrative (Alpenglow, 150ms finality) adds support. Price is above its 20-, 50-, 100- and 200-day EMAs, with the 20-day near $112.54. A close above $125 would open higher; losing $116.50-$116.90 would expose the 20-day EMA.