From Missing Reports to Clear Signals — How Traders Are Navigating the Fog

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PMI in Focus, EUR/NZD Setup & Gold’s Relentless Run

Markets kicked off the week with cautious optimism, as strong corporate earnings and easing trade tensions lifted equities — but gold’s continued surge reminded traders that uncertainty still simmers beneath the surface.

With the U.S. government shutdown delaying key economic data, traders are turning to private indicators like the PMI survey for clues. As Babypips explains, PMI has become the market’s “main source of truth” — a leading signal of expansion or contraction that now carries outsized weight in shaping Fed expectations and USD volatility.

Meanwhile, EUR/NZD is offering a clean technical setup. The pair pulled back to a key support zone near 2.0275, aligning with the 100 SMA, a trendline, and the 50% Fib retracement. A bounce could target 2.0500 and new highs, while a break lower opens the door to 2.0200 or even 2.0100.

The theme? When official data goes dark, traders lean on leading indicators and clean charts to light the way.

⚡Daily Broad Market Recap – October 20, 2025

• S&P 500 rallied 1.1% on strong earnings; Apple hit a record high.

• Gold surged 2.3% to $4,253 despite risk-on tone.

• USD traded mixed; Bitcoin climbed 3.7% to $111,000.

🔥Explainer: What Is PMI and Why It Matters Now

• PMI is a forward-looking survey of business activity.

• A reading above 50 signals expansion; below 50 signals contraction.

• With official data delayed, PMI is now a key market mover.

📊EUR/NZD Trend Continuation Opportunity

• EUR/NZD is testing support near 2.0275, with bullish momentum intact.

• A bounce could retest 2.0500; a break lower may target 2.0200 or 2.0100.

  Explore the Setup

This issue blends data scarcity with chart clarity. As PMI takes center stage and EUR/NZD tests trend support, traders are reminded that when fundamentals fade, structure and sentiment take the lead.

Happy Trading!

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