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EURUSD, 1-hour timeframe chart EURUSD retested the support level of 1.09050 👉Level explanation EURUSD has been under selling pressure within the last day. The pair moved down to the support level of 1.09050. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 1.09100. Set your stop loss at 1.08900 below the previous low ($2.00 loss for 0.01 lot) and take profit at 1.09300 ($2.00 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

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​​#weekly_outlook 🔎 Keeping up-to-date with the market helps you make better trading decisions Here’s a Weekly Market Outlook for 14 – 18 October from Vito Henjoto. Stay informed and trade wisely. We wish you a successful trading week!

🚀 Gold rises by 1% on weaker-than-expected U.S. data Gold (XAU) rose by 1% on Friday as the U.S. macroeconomic data revealed weaker-than-expected figures. 👉 Possible effects for traders The U.S. Producer Price Index (PPI) for final demand remained flat in September, falling just below economists' expectations of a 0.1% rise, according to Reuters. This follows an unrevised 0.2% increase in August, signalling that inflation continues to ease, allowing the Federal Reserve (Fed) to pursue further interest rate cuts. The CME Group's FedWatch Tool shows that markets are currently pricing in a more than 86% likelihood of a 25-basis-point rate (bps) cut by the Fed at the November meeting.​ The yield on the benchmark 10-year U.S. government bond remains steady above the 4% mark as the chances of aggressive policy easing by the Fed diminish. This supports the U.S. dollar (USD), keeping it near a two-month high, and has led to renewed selling pressure on gold at the start of the week. Meanwhile, government data released over the weekend showed China's headline consumer price index remained flat in September, with the annual rate at 0.4%, falling short of market expectations. This data, along with the lack of specific details on China's fiscal stimulus and rising geopolitical tensions in the Middle East, should support safe-haven assets such as gold. XAUUSD rose during the Asian trading session. Today's trading session liquidity is expected to be low due to public holidays in several major economies. Japan is observing Sports Day, Canada is celebrating Thanksgiving, and the U.S. is marking Columbus Day. These holidays result in reduced market participation, particularly from key financial centres, which can amplify price swings in markets with lower trading volumes. Traders should remain cautious, as unexpected moves are more likely in low-liquidity conditions. 'Spot gold is expected to test support at $2,635 per ounce, a break below which could open the way towards the $2,620 to $2,627 range', said Reuters analyst Wang Tao. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🔽 Euro is in a downward trend as Fed rate cut expectations moderate The euro (EUR) was essentially unchanged compared to the U.S. dollar (USD) on Friday as markets digested a series of macroeconomic reports that supported the Federal Reserve's (Fed) current approach to monetary policy. 👉 Possible effects for traders EURUSD has been in a clear downward trend since the end of September. Investors began to reassess the scope of interest rate cuts by the Fed following the release of better-than-expected U.S. data and worse-than-expected eurozone reports. Specifically, U.S. labour market reports painted a rather upbeat picture, while eurozone business activity data continued to disappoint. As a result, traders' views on the European Central Bank's (ECB) interest rates path turned more dovish, and divergence in monetary policy expectations between the ECB and the Fed turned more in favour of the U.S. dollar. 'Higher inflation print has really backed the market away from being overly aggressive on how deep they were looking for the interest-rate cuts to go by the end of the year. So there was already an overprice in there, and that's basically unwound this week', said Amarjit Sahota, executive director at Klarity FX. The latest U.S. reports indicated that producer prices remained essentially unchanged in September while jobless claims rose sharply. However, the data failed to invigorate EURUSD bulls as Hurricane Helene skewed weekly jobless claims data. At the same time, this week's data will be affected by Hurricane Milton, the second hurricane in two weeks to hit the southeast United States. EURUSD was falling during the Asian and early European trading sessions. Today, the macroeconomic calendar is relatively uneventful. Only remarks by a handful of Fed speakers may potentially move the market. FOMC Member Neel Kashkari is due to speak at 1:00 p.m. UTC, while FOMC Member Christopher Waller will deliver a speech at 7:00 p.m. UTC. Any hints at a more hawkish or less dovish monetary policy by the Fed will likely extend the bearish trend in EURUSD. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 GBPUSD fluctuates ahead of labour and inflation reports The British pound (GBP) continued to move sideways on Friday, getting little support from data that showed Britain's economy returned to growth in August. 👉 Possible effects for traders The Office for National Statistics (ONS) released data indicating that economic activity increased by 0.2% month-on-month in August, aligning with the expectations of economists surveyed by Reuters. This marks a return to growth after two consecutive months of stagnation, providing some relief for the finance minister, Rachel Reeves, ahead of the upcoming budget for the new Labour government later this month. The data confirmed that the U.K. economy has been slowing in the second half of 2024, which is expected given the strong growth observed in the first six months of the year. Lee Hardman, a senior FX strategist at MUFG, noted that while the data didn't change the overall outlook significantly, it provided confirmation of the current state of the U.K. economy. This week is important for the Bank of England (BOE) as the latest inflation and labour market data are due. These data will be crucial for determining the bank's plans at the upcoming policy meeting in November. Through much of this year, GBP has benefited from expectations that the BOE would reduce interest rates more slowly than the Federal Reserve (Fed) and the European Central Bank (ECB). However, these expectations have shifted, and the recent decline in the GBP against the U.S. dollar (USD) over the past month can be attributed to this change. Markets have lowered their expectations for further rate cuts by the Fed. The central bank governor, Andrew Bailey, said last week that the regulator may become more proactive if inflationary pressures persist. The GBPUSD exchange rate fluctuated within a tight range during the Asian and early European trading hours. The pair is currently awaiting the release of two important economic reports: the U.K. Unemployment Rate tomorrow at 6:00 a.m. UTC and the Consumer Price Index on Wednesday. These data will provide valuable insights for the BOE before the November meeting. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

GBPUSD, 15-minute timeframe chart GBPUSD formed a bearish Hammer pattern 👉Level explanation GBPUSD has been trading in a bullish trend for the last couple of hours. The pair moved up to the resistance level of 1.30700. Now, the price displays a bearish Hammer pattern. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.30670. Set your stop loss at 1.30860 above the previous high ($1.90 loss for 0.01 lot) and take profit at 1.30480 ($1.90 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

GBPJPY, 15-minute timeframe chart GBPJPY retested the resistance level of 195.000 👉 Level explanation GBPJPY has been trading in a sideways market within the last day. The pair moved up to the resistance level of 195.000. 👉 Possible scenario The best way to use this opportunity is to place a Sell order at 194.985. Set your stop loss at 195.250 above the previous high ($1.78 loss for 0.01 lot) and take profit at 194.720 ($1.78 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

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#ICYMI: US Elections—Trump is catching up 🇺🇸 Trump is closing in on Harris, narrowing the gap by 3 points as the race for the White House tightens, according to a recent Reuters/Ipsos poll.

The economy is the top issue on voters' minds, with 44% believing Trump’s strategy will ease the cost of living more effectively. Meanwhile, his stance on illegal immigration resonates with 53% of voters.

With the possibility of a Trump win, BTC could break out of its consolidation phase and head for bullish territory. 📈 Markets are already showing signs of life, riding on the potential economic policies ahead. Visit Space for more U.S. election insights.

Over the past few days, investors have been selling bitcoins. As reported by blockchain analysis firm Sentiment, approximately 30,000 BTC worth over $1.8 billion was transferred or sold. This correlates with the recent trend of short-term investors decreasing the number of Bitcoins they own in favour of more experienced traders. Regarding technical analysis, we see a wide descending channel since early June 2024. From June to August, the bitcoin was traded above the 4-hour SMA200, while since August, it has primarily tested this moving average from below. There are two terms when the price can fall below 50,000 support. First, it should break below the 60,000 support level; second, it fails to maintain the SMA50. Alternatively, if the SMA50 is considered a support level, the price could rebound from 60,000 and move towards the 66,000 level, the upper border of the descending channel.

Additionally, this pair's volatility has decreased, which may lead to a period of sideways movement and make further predictions more difficult.

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🗳 U.S. Elections: Trump is catching up with Harris According to a recent Reuters/Ipsos survey, Donald Trump's support has narrowed the gap between him and Kamala Harris by three percentage points. Both candidates continue to work hard to secure victory in the upcoming 5 November elections. Polls indicate that voters prefer Trump on a range of economic issues. The economy remains the top concern for respondents, with approximately 44% rating Trump's approach to addressing the cost of living as more effective than Harris's. Another significant aspect of Trump's rhetoric is his stance on illegal immigration. 53% of voters surveyed agree that immigrants who are in the country illegally present a threat to public safety. Results show that Harris and Trump are neck-and-neck in several swing states, with many differences within the margin of error. 👉 Possible effects for traders Against the backdrop of the increasing likelihood of Trump's victory, Bitcoin (BTC) may gain a bullish momentum after a prolonged period of consolidation. The pair briefly broke below the $60,000 support level, and BTCUSD has the potential to rise. Additionally, a recent Reuters/Ipsos poll shows that major U.S. indices are trending upwards. The stock market appears to be anticipating Trump's success, as Harris's proposals would have increased business taxes and pressured markets. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🚀 XAUUSD grows despite the higher-than-expected U.S. CPI data Gold (XAU) reversed on Thursday midafternoon, following four consecutive bearish trading sessions. Although the U.S. dollar (USD) rose after higher-than-expected Consumer Price Index (CPI) report data, XAUUSD gained 0.87% by the end of the trading day. Additionally, continuing conflict in the Middle East supported precious metal prices. 👉 Possible effects for traders CPI numbers increased by 0.2% in the prior month, following a similar rise of 0.2% in August. Over the last 12 months through September, CPI climbed 2.4%, representing the smallest year-over-year increase since February 2021. This figure was higher than the expected 0.1% and projections of 2.3%. The data supported the market's belief that the Federal Reserve (Fed) would reduce interest rates by 25 basis points (bps) at their upcoming meeting in November. Markets are pricing in a 90% probability of this action, according to the CME FedWatch Tool. Before the CPI release, some analysts were concerned about a more significant inflation increase than anticipated. This could cause the Fed to delay cutting rates at their next meeting, given the strong nonfarm payroll data reported last week. ‘It is not a terrible development, but it is certainly not positive news’, said Peter Cardillo, the Chief Market Economist of Spartan Capital Securities. He stated that it simply indicates that the best improvements in inflation may have passed for the next several months. XAUUSD continues to rise during Asian and early European trading hours. Today, the U.S. Producer Price Index data report comes out at 12:30 p.m. UTC. A higher-than-expected reading may put bearish pressure on the precious metal, while softer data will prolong the bullish trend. ‘Spot gold is expected to test resistance at $2,650 per ounce, a break above which could open the way towards the $2,659 to $2,673 range’, states Reuters analyst Wang Tao. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 The euro holds ground on mixed U.S. economic data Yesterday's trading session was very volatile: the euro (EUR) dropped towards the 1.09000 level against the U.S. dollar (USD), but EURUSD managed to close the day essentially unchanged. 👉 Possible effects for traders On Thursday, investors had to digest rather contradictory U.S. economic reports. On the one hand, the Consumer Price Index (CPI) report showed a slight uptick in inflation, suggesting that the Federal Reserve (Fed) may need to slow the pace of rate cuts. On the other hand, weekly Jobless Claims figures substantially exceeded market expectations, indicating a growing weakness in the labour market. On balance, the market preferred to focus on the labour market data, and the U.S. Dollar Index (DXY) declined. Still, yesterday's recovery in EURUSD lacked confidence, with the general trend remaining bearish. ‘The market's been in a bit of a tug of war between caring more about inflation versus caring more about employment’, said Brad Bechtel, global head of FX at Jefferies. Indeed, yesterday's reports added more uncertainty about the path of U.S. interest rates. In a Wall Street Journal interview on Thursday, Raphael Bostic, Atlanta Fed President, said he would be ‘totally comfortable’, skipping an interest-rate cut at an upcoming U.S. central bank's meeting. He added that the ‘choppiness’ in recent data on inflation and employment may warrant leaving rates unchanged in November. Currently, traders are pricing in a nearly 84% chance that the Fed will cut rates by 25 basis points (bps) at its next policy meeting on 7 November and a nearly 16% probability of no change. Meanwhile, the European Central Bank (ECB) is now expected to deliver more rate cuts over the next six months than the Fed. The latest interest rate swaps market data indicates almost 100 bps worth of rate cuts by the ECB by April 2025 compared to less than 90 bps by the Fed. Thus, the fundamental pressure on EURUSD remains bearish. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🔽 Bitcoin dips below $60,000, but bulls defend the key support level Bitcoin (BTC) fell below $60,000 on Thursday, but bulls managed to hold the key level. 👉 Possible effects for traders Bitcoin has been moving within a descending parallel channel since 14 March and recently faced a pullback at its upper boundary, indicating the potential for further downward correction. This move suggests a possible drop towards the mid-line at $58,000 or even to the lower boundary around $50,000. A strong bullish trend is unlikely unless BTC rises above $66,000, a key resistance area in recent weeks. In the past three days, major Bitcoin holders have ‘sold or redistributed’ approximately 30,000 BTC—valued at over $1.8 billion. This data comes from on-chain analytics firm Santiment. The recent sell-off aligns with a phase where short-term BTC holders have been steadily exiting the market, which has helped reduce selling pressure. The amount of Bitcoin these traders hold has decreased, especially after significant sell-offs, creating opportunities for accumulation and potentially signalling a price floor. As these short-term holders sell, their coins often transfer to stronger hands, contributing to greater market stability. BTCUSD rose during the Asian trading session. Today, two releases will likely trigger additional volatility in all USD-related pairs: the Producer Price Index data at 12:30 p.m. UTC and the U.S. UoM Consumer Sentiment report at 2:00 p.m. UTC. Higher-than-expected figures should exert bearish pressure on the pair, while lower-than-expected results may encourage BTCUSD bulls. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

AUDUSD, 15-minute timeframe chart AUDUSD rebounded from the support level of 0.67260 👉Level explanation AUDUSD has been trading in a bullish trend for the last couple of hours. The pair moved down to the support level of 0.67260. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 0.67415. Set your stop loss at 0.67248 below the previous low ($1.67 loss for 0.01 lot) and take profit at 0.67582 ($1.67 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. Some traders may close their positions on Friday, which can add more pressure to the market. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

EURUSD, 15-minute timeframe chart EURUSD retested the resistance level of 1.09450 👉Level explanation EURUSD has been trading in a sideways market within the last day. The pair moved up to the resistance level of 1.09450. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.09440. Set your stop loss at 1.09580 above the previous high ($1.40 loss for 0.01 lot) and take profit at 1.09300 ($1.40 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. Some traders may close their positions on Friday, which can add more pressure to the market. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH