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#economic_calendar These events may affect the market on 4 October. 🔥 Don't forget to get a 100% deposit bonus!

USDJPY, 1-hour timeframe chart USDJPY retested the resistance level of 147.200 👉General outlook USDJPY has been trading in a sideways market for the last couple of hours. The pair moved up to the resistance level of 147.200. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 146.800. Set your stop loss at 147.650 above the previous high ($5.79 loss for 0.01 lot) and take profit at 145.950 ($5.79 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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XAUUSD, 30-minute timeframe chart XAUUSD retested the support level of 2,642.60 👉General outlook XAUUSD has been trading in a bearish trend for the last couple of hours. The pair moved down to the support level of 2,642.60. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 2,643.30. Set your stop loss at 2,636.40 below the previous low ($6.90 loss for 0.01 lot) and take profit at 2,650.20 ($6.90 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

🚀 Gold slips due to stronger-than-expected U.S. labour market data Gold (XAU) declined slightly on Wednesday as the U.S. ADP Employment Change revealed stronger-than-expected figures. 👉 Possible effects for traders Recent robust U.S. labour data curbed gold's gains, as it decreased the likelihood of the Federal Reserve (Fed) shifting to a more accommodative monetary policy. The ADP report revealed higher-than-expected private-sector job growth in September, echoing the upbeat results from the JOLTs report and signalling a stronger-than-anticipated labour market at the start of Q3. As a result, markets now estimate a 66% probability that the Fed will implement a smaller 25-basis-point (bps) rate cut in November. This will benefit gold as lower interest rates decrease the opportunity cost of holding non-yielding assets. Still, traders will focus on the Nonfarm Payroll (NFP) report this Friday to see if the labour market is really performing better than expected. The U.S. dollar (USD) rose to a three-week high, making it a key factor in reducing demand for the non-yielding yellow metal. Gold's losses remain limited amid escalating tensions in the Middle East. Iran fired over 200 ballistic missiles at Israel on Tuesday, prompting Israel to carry out targeted airstrikes, including a bombing in central Beirut early Thursday. Escalating developments heighten the risk of a broader conflict, boosting demand for the safe-haven metal. XAUUSD fell slightly during the Asian trading hours. Today, traders should focus on the ISM Services Purchasing Managers' (PMI) report at 2:00 p.m. UTC, which may trigger some volatility in USD pairs. Better-than-expected figures will almost certainly push XAUUSD lower, possibly below $2,640. Conversely, worse-than-expected results will likely extend the bullish trend in XAUUSD and push the pair towards $2,670. The U.S. Jobless Claims report at 12:30 p.m. today could also trigger some volatility and shed light on tomorrow's NFP data. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🚀 EURUSD continues to fall after surprisingly strong U.S. jobs data The euro (EUR) lost 0.2% against the U.S. dollar (USD) yesterday after the ADP National Employment report showed U.S. private payrolls increased more than expected in September. 👉 Possible effects for traders EURUSD dropped to a three-week low on Wednesday as traders continued to buy the U.S. dollar due to rising geopolitical tensions and improving U.S. macroeconomic statistics. Wednesday's economic data suggested that the U.S. labour market was more solid than expected, which may prompt the Federal Reserve (Fed) to pursue a more balanced monetary policy and not rush to cut the interest rate. Some analysts believe that another 50-basis-point (bps) rate cut is no longer warranted, and that the frequency of further rate cuts will need to be reviewed. Currently, investors still expect the Fed to be very dovish and price in more than 150 bps worth of rate cuts by mid-2025. However, if the U.S. data continues to be better than expected, traders and investors will have to adjust their expectations, and the U.S. dollar will continue to rise. EURUSD continued to fall during the Asian and early European trading sessions. Today, traders should focus on U.S. Jobless Claims at 12:30 p.m. UTC and ISM Services Purchasing Managers' Index (PM) at 2:00 p.m. UTC. Arguably, ISM Services is more important and may have a bigger impact on the market. However, most investors will likely avoid placing large orders ahead of tomorrow's Nonfarm Payroll (NFP) report. The key levels to watch today are 1.10190 and 1.10510. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🚀 USDCAD grows on strong U.S. employment data USDCAD started a new bullish momentum and gained 0.21% after the release of a better-than-expected U.S. ADP employment report. 👉 Possible effects for traders The U.S. Dollar Index (DXY) reached a three-week high on Wednesday following the release of the ADP National Employment report, indicating that private U.S. payrolls increased more than anticipated in September. Private payrolls expanded by 143,000 jobs in the previous month, following an upward revision of 103,000 in August. The economists surveyed by Reuters had anticipated a rise of 120,000 jobs. ‘The ADP figure looks quite favourable and suggests a positive NFP report’, said Brad Bechtel, the global head of foreign exchange at Jefferies in New York. On Wednesday, Thomas Barkin, President of the Richmond Federal Reserve (Fed), announced that the 0.5% decrease in the previous month was a recognition that the interest rate was not aligned with the current economic situation. However, it's not an indication that the fight against inflation is over. Improved economic data and comments from Fed Chair Jerome Powell bolstered the U.S. dollar on Monday, prompting traders to lower their expectations for another 0.5% decrease at the November Fed meeting. Traders now price in only a 35% chance of a 0.5% decrease on 6–7 November, according to the FedWatch Tool, down from 57% a week earlier. There has been a shift in sentiment among traders, who are less concerned about aggressive rate cuts in the U.S. and are focusing on other areas, according to Bechtel. USDCAD continues to rise during the Asian and early European trading hours. The pair tries to break local resistance at 1.35300. The U.S. Jobless Claims at 12:30 p.m. UTC and the ISM Services report today at 2:00 p.m. UTC will provide further clues on the strength of the U.S. economy. These reports may cause increased volatility in all USD pairs. 📲 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 rebounded from the support level of 1.10270 👉General outlook EURUSD has been trading in a sideways market within the last day. The pair moved down to the support level of 1.10270. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 1.10350. Set your stop loss at 1.10200 below the previous low ($2.50 loss for 0.01 lot) and take profit at 1.10500 ($2.50 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. 📝Fundamental factors The eurozone Producer Price Index report will be released in a few hours and could affect this trade. 📲 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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#economic_calendar These events may affect the market on 3 October. 🔥 Don't forget to get a 100% deposit bonus!

Have you heard about ‘hygge’, a Scandinavian concept of cosy life? It’s all about comfort: covering yourself in a comfy blanket, drinking a cup of hot chocolate, and having a welcoming talk with your loved ones. Well, as we are not in Scandinavia, we will cherish our Forex routine through preparation and planning. Mark your calendar with these important events. 🔹 4 October—US Employment Situation. Influences USD pairs. 🔹 9 October—RBNZ key rate. Influences NZDUSD. 🔹 10 October—US CPI inflation. Influences USD pairs. 🔹 16 October—UK CPI Inflation. Influences GBPUSD. 🔹 17 October—ECB key rate. Influences EURUSD. 🔹 23 October—BoC key rate. Influences USDCAD. 🔹 31 October—BOJ key rate. Influences USDJPY. #Trading #TradingCalendar #MarketUpdate #Volatility

XAUUSD, 1-hour timeframe chart XAUUSD retested the support level of 2,645.00 👉Level explanation XAUUSD has been trading in a bearish trend for the last couple of hours. The pair moved down to the support level of 2,645.00. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 2,648.00. Set your stop loss at 2,636.00 below the previous low ($12.00 loss for 0.01 lot) and take profit at 2,660.00 ($12.00 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

USDCAD, 30-minute timeframe chart USDCAD retested the support level of 1.34800 👉General outlook USDCAD has been trading in a bearish trend for the last couple of hours. The pair moved down to the support level of 1.34800. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 1.34866. Set your stop loss at 1.34559 below the previous low ($2.28 loss for 0.01 lot) and take profit at 1.35173 ($2.28 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 gains 1.08% on geopolitical tensions and weak U.S. PMI data Gold (XAU) increased by 1.08% following rising geopolitical tensions and weak U.S. macroeconomic data. 👉 Possible effects for traders Yesterday, gold hovered near record highs, driven by safe-haven demand as fears of a full-scale war in the Middle East escalated after Iran launched missiles targeting Israel. Israel reported that over 180 ballistic missiles were fired on Tuesday in retaliation for its military operations against Tehran's Hezbollah allies in Lebanon. In response, the Israeli military announced on Wednesday that it would ramp up airstrikes throughout the Middle East and vowed to retaliate against Iran. Recent U.S. economic data painted a mixed picture. The ISM Purchasing Managers' Index (PMI) revealed a steep decline in the U.S. manufacturing sector, possibly offering the Fed more room to cut rates further. Meanwhile, a surprise surge in job openings towards 8.04 million exceeded expectations. Adding to the uncertainty, Federal Reserve (Fed) Chair Jerome Powell hinted that future cuts would be more restrained, likely limited to only 0.25% adjustments. XAUUSD fell sharply during the Asian and early European trading hours. Today, traders should pay attention to the ADP Employment Change report at 12:15 p.m. UTC. The report will provide insights into the current state of the U.S. labour market, potentially influencing investors' interest rate expectations and affecting XAUUSD. If the data exceeds expectations, the chance of a 50-basis-point rate cut in November may decrease, likely bringing XAUUSD below $2,640. If the figures are weaker than expected, it could bolster the case for a larger rate cut and push gold higher towards $2,660. ‘Spot gold may retrace into a range of $2,641 to $2,646 per ounce as the correction from the 26 September high of $2,685 looks incomplete’, 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

📊 Geopolitical turmoil and economic indicators fuel euro's decline The euro (EUR) plunged by 0.6% against the U.S. dollar (USD) on Tuesday as flows into safe-haven currencies increased due to rising geopolitical instability in the Middle East. Additionally, the greenback strengthened on data showing a resilient U.S. labour market. 👉 Possible effects for traders Yesterday, Iran launched missiles towards Israel in retaliation for Israel's military campaign against Tehran's Hezbollah allies in Lebanon. The market reacted with a typical risk-off move, driving the U.S Dollar Index (DXY), gold, and crude oil prices higher while selling riskier assets, such as equities and most other major currencies. EURUSD experienced additional bearish pressure on the macro level after the U.S. JOLTs Job Openings report figures were stronger than expected, indicating that the U.S. economy was still solid. After Jerome Powell's, the Chairman of the Federal Reserve (Fed), speech in which he pushed back against another 50-basis-point (bps) rate cut in November, the divergence in monetary policy expectations between the European Central Bank (ECB) and the Fed is equalising. In other words, investors are beginning to expect fewer rate cuts by the Fed but anticipate the ECB to turn more dovish in the month ahead. This is putting downward pressure on EURUSD. EURUSD continued to fall during the Asian and early European trading sessions. Today, several ECB officials, including Vice President Luis de Guindos and Chief Economist Philip Lane, will give speeches throughout the day. Furthermore, four Fed officials will also speak between 1:00 p.m. and 4:00 p.m. UTC. The Fed representatives will likely receive more attention, so EURUSD volatility may rise during the American trading session. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 USDJPY moves sideways due to BOJ monetary policy ambiguity USDJPY has been moving sideways within 143.000–144.500, reflecting the ongoing uncertainty about the future trajectory of the Bank of Japan's (BOJ) interest rate adjustments. 👉 Possible effects for traders The new Minister of Economy in Japan has emphasised the importance of being cautious when considering raising interest rates. He stated that changes in the base rate should be done gradually, as a rapid exit from deflation could have negative consequences. Additionally, the new Prime Minister, Shigeru Ishiba, has indicated that he doesn't support raising rates unless certain conditions are met. His goal is to assist individuals and businesses by supporting higher prices and promoting a gradual economic recovery. Investors in Japan will closely monitor consumer confidence indicators for September to gain a better understanding of the current state of the economy. This information will provide more insights into the economic outlook. Furthermore, the Japanese yen (JPY) has weakened against other currencies due to the ongoing tensions in the Middle East. Continuing escalation caused investors to flee into safe-haven assets, resulting in a decline in the yen's and other major currencies' value. USDJPY continues to move sideways during Asian and early European trading hours. The market is waiting for the U.S. ADP Employment Change report today at 12:15 p.m. UTC. This data is a good predictor of the upcoming Nonfarm Payroll report. Strong data may trigger new bullish momentum in USDJPY, pushing the pair towards 145.000. Lower-than-expected figures may bring the pair down towards 142.000. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

USDJPY, 30-minute timeframe chart USDJPY broke the resistance level of 144.050 👉General outlook USDJPY has been under buying pressure within the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 144.080. Set your stop loss at 143.660 below the previous low ($2.91 loss for 0.01 lot) and take profit at 144.500 ($2.91 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

EURUSD, 15-minute timeframe chart EURUSD retested the resistance level of 1.10630 👉Level explanation EURUSD has been under selling pressure within the last couple of hours. The pair moved up to the resistance level of 1.10630. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.10615. Set your stop loss at 1.10755 above the previous high ($1.40 loss for 0.01 lot) and take profit at 1.10475 ($1.40 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. 📝Fundamental factors The eurozone Unemployment Rate report will be released in a few hours and could affect this trade. 📲 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 broke the support level of 1.32730 👉Level explanation GBPUSD has been under selling pressure within the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.32660. Set your stop loss at 1.32945 above the previous high ($2.85 loss for 0.01 lot) and take profit at 1.32375 ($2.85 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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