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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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Crypto traders, get ready to update your portfolio!

🗳 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

USDJPY, 15-minute timeframe chart USDJPY retested the support level of 148.670 👉General outlook USDJPY has been trading in a sideways market within the last day. The pair moved down to the support level of 148.670. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 148.740. Set your stop loss at 148.470 below the previous low ($1.82 loss for 0.01 lot) and take profit at 149.010 ($1.82 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

GBPJPY, 15-minute timeframe chart GBPJPY rebounded from the support level of 193.950 👉General outlook GBPJPY has been trading in a sideways market within the last day. The pair moved down to the support level of 193.950. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 194.140. Set your stop loss at 193.760 below the previous low ($2.55 loss for 0.01 lot) and take profit at 194.520 ($2.55 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

‼️ Join Octa Analytics VIP Unlock premium signals, exclusive offers, and important events to boost your trading success. To become a member of Octa Analytics VIP, follow these easy steps: 1️⃣ Make sure you have $50 or more in your account. 2️⃣ Take a screenshot of your balance and send it along with your Octa real account ID to our @octa_vip_bot chatbot. 3️⃣ Await verification—usually, it’s completed within one business day. Ready to take your trading to the next level? Let us steer you toward success. The sooner you join, the more you’ll benefit from our elite trading community! 💯 Limited-time offer 💯 Don’t miss the opportunity to use the BONUSVIP100 promo code for a 100% deposit bonus!

#economic_calendar These events may affect the market on 11 October. 🔥 Don't forget to get a 100% deposit bonus!

GBPUSD, 15-minute timeframe chart GBPUSD rebounded from the support level of 1.30250 👉Level explanation GBPUSD has been under selling pressure within the last couple of hours. The pair moved down to the support level of 1.30250. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 1.30500. Set your stop loss at 1.30200 below the previous low ($3.00 loss for 0.01 lot) and take profit at 1.30800 ($3.00 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

AUDUSD, 5-minute timeframe chart AUDUSD pulled back from 0.67390 👉Level explanation AUDUSD has been trading in a sideways market for the last couple of hours. The pair moved up to the resistance level of 0.67390. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 0.67190. Set your stop loss at 0.67330 above the previous high ($1.76 loss for 0.01 lot) and take profit at 0.67050 ($1.76 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

BTCUSD, 30-minute timeframe chart BTCUSD retested the resistance level of 61,017.30 👉Level explanation BTCUSD has been trading in a sideways market for the last couple of hours. The pair moved up to the resistance level of 61,017.30. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 60,740.25. Set your stop loss at 61,215.86 above the previous high ($4.76 loss for 0.01 lot) and take profit at 60,264.63 ($4.76 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

🔽 Gold slides by 0.55% ahead of the U.S. CPI report Gold (XAU) fell 0.55% on Wednesday, marking its sixth straight session of losses ahead of the upcoming U.S. Consumer Price Index (CPI) report. 👉 Possible effects for traders The gold price recently dipped to its lowest point in nearly three weeks, pressured by fading hopes for more aggressive rate cuts from the Federal Reserve. The minutes from the latest FOMC meeting showed policymakers were split on whether to go for a 50-basis-points (bps) cut, with some favouring a smaller 25-bps reduction. Officials' focus remained on confirming a sustained decline in inflation, showing less concern about the job market. This view was reinforced by last week's strong jobs report, highlighting labour market strength. Thus, investors started to price in an 86% probability of a 25-bps cut in November. Meanwhile, Dallas Fed President Lorie Logan highlighted significant uncertainties in the economic outlook. At the same time, Boston Fed President Susan Collins emphasised that policy will stay data-driven and flexible to maintain healthy labour market conditions. Also, San Francisco Fed President Mary Daly suggested that one or two more rate cuts could occur this year but noted that September's 50-bps cut doesn't indicate the size of future reductions. XAUUSD rose during the Asian trading session. Today, all eyes will be on the U.S. CPI report due at 12:30 p.m. UTC, which could offer insights into the Fed's plans for the interest rate path. A Reuters poll of economists projects a 0.1% monthly rise in September's CPI, while core figures are expected to increase by 0.2%. Figures exceeding these forecasts will almost certainly lower the probability of a large interest rate cut in November, potentially bringing XAUUSD below $2,600. Conversely, lower-than-expected CPI numbers will likely cause XAUUSD to rally, possibly towards $2,640. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH