ZenithFX Daily Market Brief — Thursday 29 October 2026

What moved in markets on Thursday 29 October 2026, why it moved and what comes next — summarised from the publishers credited below.

Market snapshot

ETH/USD 2,282.88 (-3.46%) · BTC/USD 79,376.00 (-2.37%) · USO 166.57 (+1.64%) · Oil 166.57 (+1.64%).

Mixed sources: end-of-day reference values as of 2026-10-29 and quotes delayed by up to 1440 minutes; nothing here is a real-time quote.

What moved

• CFTC to Convene Roundtable on the Future of 24/7 Market Trading (reported by CFTC — press releases)
• Gold Retreats as Fed Signals, Iran War Premium and Inflation Data Loom Over Precious Metals (reported by Reuters and FXStreet)
• Bank of Canada Delivers Interest Rate Decision and Monetary Policy Report (reported by Bank of Canada)

Why it moved

CFTC to Convene Roundtable on the Future of 24/7 Market Trading. Futures, commodity and derivatives traders could see changes to trading hours, margin collection schedules and risk frameworks if the CFTC moves toward formal rulemaking. Regulatory shifts in market structure tend to ripple across exchanges, clearing houses and any instrument traded on those venues.

Gold Retreats as Fed Signals, Iran War Premium and Inflation Data Loom Over Precious Metals. XAU/USD and XAG/USD traders face a rare combination of Fed uncertainty, geopolitical yield pressure and a scheduled inflation catalyst that could sharply reprice expectations; currency markets and bond markets will transmit any inflation surprise almost instantly into gold.

Bank of Canada Delivers Interest Rate Decision and Monetary Policy Report. Bank of Canada rate decisions directly influence the Canadian dollar and domestic bond yields, with spillover effects into North American equity and credit markets. Shifts in the Bank's stated outlook can reprice rate expectations across multiple future meetings.

Key events

• CFTC to Host Roundtable on 24/7 Trading — official source: cftc.gov
• Interest Rate Announcement and Monetary Policy Report — official source: bankofcanada.ca

Markets to watch

• XAU/USD, XAG/USD — linked to: Gold Retreats as Fed Signals, Iran War Premium and Inflation Data Loom Over Precious Metals
• ETH/USD — among the larger moves in the latest reference snapshot
• BTC/USD — among the larger moves in the latest reference snapshot
• USO — among the larger moves in the latest reference snapshot
• Oil — among the larger moves in the latest reference snapshot

Educational takeaway

A regulatory roundtable is a pre-rulemaking tool: agencies use it to gather industry input before drafting formal proposals, meaning the gap between a roundtable and an actual rule can be months or years.

Join the discussion

Would genuinely continuous futures trading benefit the participants you work with, or do the overnight risk-management windows serve an important purpose that is easy to overlook? Discuss it in today's Market Huddle.

Sources

ZenithFX summarises reporting and official releases from the publishers below; it did not report these events itself.

• CFTC — press releases: CFTC to Host Roundtable on 24/7 Trading
• Reuters: Gold slips as markets assess Fed signals, await US inflation data
• FXStreet: Gold slips as Warsh questions tight Fed policy, defends 2% target
• Khabarhub: Gold price rises, silver price falls in domestic market
• OnlineKhabar English News: Gold price rises, silver falls
• investingLive: Gold heads for its biggest yearly drop in 11 years as the Iran war lifts yields and the dollar
• Mining.com.au: Gold price faces downside risk before 2027 rebound: JPMorgan
• NDTV: Gold Retreats as Fed Signals, Iran War Premium and Inflation Data Loom Over Precious Metals
• Bank of Canada: Interest Rate Announcement and Monetary Policy Report