| The dollar rebounded Thursday after four consecutive days of losses as traders assessed the U.S. government shutdown's impact on market data. Here's where key assets stand amid the data void. USD: Flying Blind or Adapting?The dollar index rose 0.13% to 97.86 on Thursday, catching many traders off guard. The shutdown leaves a gap in government data, including Friday's closely watched September jobs report, but markets may not be as blind as feared. "That really misunderstands how the markets have evolved with private sector data," notes Marc Chandler at Bannockburn Global Forex. "I don't think that either the market nor the Fed is flying blind." A Chicago Fed report combining private and available public data estimated September's jobless rate at 4.3%, unchanged from August - evidence that a feared rapid unemployment rise hasn't begun yet. However, underlying details pointed to ongoing labor market sluggishness. "A lot of people thought that with the government closing, the dollar would sell off. And I think that people got caught leaning the wrong way, and now are being forced out of positions," Chandler added. Traders see a 25-basis-point Fed cut in October as almost certain, with 90% probability of another December cut. EUR: Above 1.1740 with Upside PotentialThe euro fell 0.09% to $1.1719 on Thursday, but the Euro managed to close above 1.17400 last week, with traders expecting a continuation to the upside. Trading is expected to reach 1.1900 in the coming days if the dollar continues weakening. This breakout above key resistance suggests bulls remain in control despite Thursday's minor pullback. GBP: Recovery Expected After CrashSterling weakened 0.25% to $1.3443 on Thursday, but the pound remains stable after last week's crash. Expectations point to a short-term retracement back to the topside with the possibility of a move to 1.3600. Traders are now assessing the impact of the UK's November budget on the economy and sterling. "In the UK, there's a focus on the fiscal situation," says Eric Theoret at Scotiabank. GBPJPY: Pullback or Reversal?The pound-yen trades back after making a huge drop last week, recovering toward 199. With expectations that this could just be a pullback move, traders are looking to sell on the market again. This cross remains vulnerable as both currencies face their own headwinds, making the recent recovery suspect in the eyes of many traders. The dollar strengthened 0.08% to 147.17 against the yen, rebounding after four consecutive days of losses. Traders are watching this weekend's election to lead Japan's ruling party for signs on how fiscal policy will influence the currency. The yen's direction remains closely tied to both domestic political developments and Fed policy expectations. GOLD: Eyeing $3,900Gold made a short move to the downside last week but is now recovering with traders expecting this could be a solid move toward $3,900 and beyond in the coming week. The precious metal continues to benefit from Fed rate cut expectations and ongoing economic uncertainty, maintaining its appeal as a safe-haven asset. BITCOIN: Soaring to $122KBitcoin soared after making a major drop into $109,000, with price shooting all the way back up to the $122,000 level by week's end. The cryptocurrency gained 2.24% to $120,218 on Thursday. Expectations are that the price could exceed this level and trade higher as crypto enthusiasm builds despite broader market uncertainties. Fed Signals MixedDallas Fed President Lorie Logan said Thursday the Fed appropriately cut rates last month to guard against job market deterioration risk, but noted the cooling has been gradual so far and signaled she's not eager to cut rates further. This cautious stance contrasts with market expectations for aggressive easing, creating potential for policy disappointment. Week Ahead: Data Gaps and ElectionsWith government data on hold due to the shutdown, markets will rely more heavily on private sector reports to gauge economic health. Japan's ruling party election this weekend could significantly impact yen direction, while UK budget concerns continue weighing on sterling. The question remains: can the dollar maintain Thursday's rebound, or was it just a short squeeze that will give way to renewed weakness as shutdown concerns mount? Slingshot gets alert system. You get weekend pricing. Momentum explosion detection with instant notifications. Launch discount expires when markets reopen. Two reasons to act this weekend. [Lock Weekend Price] Regards, FindBetterTrades | 
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