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#economic_calendar These events may affect the market on 25 September. 🔥

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Oil prices surged in Asian trade today as tensions in the Middle East escalated, adding a risk premium to crude. 🌍✨ Simultaneously, optimism over recent Fed interest rate cuts boosted hopes for increased economic growth and crude demand. 📈⛽️ Brent crude futures climbed to $74.83/barrel, while West Texas Intermediate rose to $70.41/barrel. 📊🛢 Stay tuned for more economic cues this week as Fed officials speak and key inflation data is released. 🔍💬 #OilPrices #MiddleEastTensions #FedRateCut #EconomicNews

GBPUSD extended its rally following a rebound above the EMA21 dynamic support. The widening gap between both EMAs indicates the potential for further gains. If GBPUSD sustains its bullish momentum and breaks 1.3360, the price could rise to 1.3480. Conversely, a reversal below 1.3360 could prompt a retest of 1.3220. Are you buying or selling?

Trade your way out of the September blues Seasons change just like market conditions do. In September, we often feel a sense of anxiety and melancholy as we transition from summer to autumn. You can, however, use this time to take advantage of the changing markets. View this period as an opportunity to refocus on your trading goals, adapt to market shifts, and turn challenges into opportunities. Here are some tips on how to stay motivated and capitalise on September's market trends: 🔵 be disciplined and stick to your trading plan 🔵 revisit and refine your trading strategy 🔵 manage risk effectively in volatile markets 🔵 embrace market shifts as chances to grow. Follow us for more tips, insights, and community support to stay on top of your trading. #TradingTips #TradingMotivation

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Here is today's market wrap! React with the emoji that describes your day!👎👍❤️😂😭👏

USOIL touched the strong demand zone shown on the chart, and rebounded from it. With the rising of global demand on oil, and winter approaching, USOIL could continue going up and break the upper triangle line. However, if it falls below the demand zone, it may face declines in the long term. Are you buying or selling?

📊 Gold stays near record high despite strong U.S. PMI data Gold (XAU) hovered near record highs on Monday despite higher-than-expected U.S. Composite Purchasing Managers' Index (PMI) figures. 👉 Possible effects for traders The S&P Global Flash U.S. Composite PMI dipped from 54.6 in August towards 54.4 in September, slightly beating expectations of 54.3. The data showed strong service sector growth while manufacturing activity contracted deeper. Meanwhile, business expectations hit a near two-year low, reflecting uncertainty ahead of the Presidential Election, leading companies to slow hiring for the second month. However, prices for goods and services also rose faster since March, with input costs up the most in a year. The Federal Reserve's (Fed) recent rate cut enhanced gold's appeal, and expectations of another 50-basis-point (bps) reduction by the year's end further support the non-yielding metal. Rising tensions in the Middle East, including Israeli strikes on Lebanon, also reinforced gold's safe-haven status. Overall, Atlanta Fed President Raphael Bostic noted faster-than-expected progress on inflation and labour market cooling, signalling possible policy normalisation sooner. Traders now await the Personal Consumption Expenditures (PCE) Price Index report and upcoming Fed officials' speeches for more clues on the interest rate trajectory. Higher-than-expected PCE numbers or hawkish remarks from Fed members may support the greenback and put bearish pressure on XAUUSD. XAUUSD rose during the Asian trading hours. The U.S. Consumer Confidence report will be released today at 2:00 p.m. UTC. Stronger-than-expected figures, indicating an increase in consumer spending, could reduce the likelihood of a larger Fed rate cut and put downward pressure on XAUUSD. Conversely, weaker-than-expected figures may push the pair higher ‘Spot gold may test support at $2,619 per ounce, a break below which could open the way towards $2,606 to $2,611 range’, said Reuters analyst Wang Tao. Sign Up Now ➡️ https://bit.ly/attocta

🔽 EURUSD declines amid eurozone economic downturn The euro (EUR) lost 0.45% against the U.S. dollar (USD) on Monday after eurozone Purchasing Managers' Indices (PMIs) figures were much lower than expected. 👉 Possible effects for traders Preliminary data from the S&P Global showed the eurozone economy experienced a significant and unexpected contraction in September. The region's largest services sector remained stagnant while manufacturing declined even further. This downturn was widespread, affecting major economies like Germany and France. As a result, expectations for more interest rate reductions by the European Central Bank (ECB) increased, and the euro's value dropped sharply. ‘As the Olympic flame was extinguished, so was eurozone optimism. The August uptick in the PMI was met by a sharp decline in September. This further fuels growth concerns in the bloc as inflation worries fade’, said Bert Colijn, an economist at ING. Interest rate swaps market data currently implies a 92% probability of a 25-basis-point (bps) reduction by the ECB on the 19 October meeting. Meanwhile, U.S. PMI data showed a less bleak picture but still concerning. The U.S. business activity remained relatively stable in September, but prices increased at the fastest rate in half a year, suggesting that inflation may rise in the future. ‘The early survey indicators for September point to an economy that continues to grow at a solid pace. A reacceleration of inflation is meanwhile also signalled, suggesting the Federal Reserve can't totally shift its focus away from its inflation target as it seeks to sustain the economic upturn’, said Chris Williamson, chief business economist at S&P Global Market Intelligence. EURUSD rose slightly during the Asian and early European trading sessions, but the short-term trend remains bearish. Today, the main focus is on the U.S. CB Consumer Confidence report due at 2:00 p.m. UTC. Higher-than-expected results may provoke another sharp downward correction in EURUSD and push the pair below the critical 25-day moving average. Conversely, weaker-than-expected figures may temporarily pull EURUSD above the 1.11400 level. Sign Up Now ➡️ https://bit.ly/attocta

XAUUSD, 15-minute timeframe chart XAUUSD retested the support level of 2,625.00 👉General outlook XAUUSD has been trading in a sideways market within the last day. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 2,627.80. Set your stop loss at 2,620.10 below the previous low ($7.70 loss for 0.01 lot) and take profit at 2,635.50 ($7.70 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. 📲 Sign Up Now ➡️ https://bit.ly/attocta

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