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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

🔽 Euro is under bearish pressure as the market eyes U.S. inflation report The euro (EUR) lost 0.37% against the U.S. dollar (USD) on Wednesday as investors largely ignored the relatively dovish FOMC minutes, and the U.S. Dollar Index (DXY) reached a fresh two-month high. 👉 Possible effects for traders Yesterday's FOMC Minutes of the Federal Reserve's (Fed) September meeting showed that most policymakers backed a large 50-basis-point (bps) rate cut last month. However, there was broad agreement that the initial move wouldn't commit the Fed to any particular pace of rate reductions in the future. On Wednesday, traders also digested comments from the Fed officials and generally refrained from opening large positions ahead of today's release of the Consumer Price Index (CPI) report. Lorie Logan, Dallas Fed President, said she supported last month's outsized interest rate cut. Still, she wants smaller reductions ahead, given ‘still-real’ upside risks to inflation and ‘meaningful uncertainties’ over the economic outlook. According to the CME FedWatch Tool, traders now see an 85% chance of a 25-bps rate cut in November and price in about 50 bps worth of reductions by February 2025. Now, the probability that the Fed will leave the rates unchanged next month stands at just 15%. Meanwhile, a rate cut by the European Central Bank (ECB) next week looks more assured as policymakers press their case. On Wednesday, several ECB policymakers argued for another interest rate cut next week, mirroring market expectations. The latest interest rate swaps market data implies more than 60 bps worth of rate cuts by the ECB by February 2025. As a result, the divergence in monetary policy expectations, which previously favoured the greenback over the euro, has now dissipated. Thus, a bearish trend in EURUSD may slow down. EURUSD edged up during the Asian session but resumed its decline during the early European trading hours. Today, the key event is the release of the U.S. CPI report at 12:30 p.m. UTC. The market expects a 2.3% rise in headline inflation and a 3.2% increase in core CPI. Lower-than-expected figures will have a strong bullish impact on EURUSD, potentially pulling it above 1.09600. Conversely, higher-than-expected numbers will likely extend EURUSD's bearish trend towards 1.09100. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🚀 USDCAD increases ahead of the U.S. CPI report USDCAD continued to rise on Wednesday. The pair broke above the 1.37000 resistance level and gained 0.47%, despite FOMC Minutes showing that a significant majority of policymakers supported a large 50-basis-point (bps) rate reduction. 👉 Possible effects for traders Investors remained confident that the U.S. central bank won't continue to ease monetary policy as aggressively as it had before. Last month's meeting minutes were viewed as outdated after Friday's robust Nonfarm Payroll report caused markets to adjust their expectations for near-term Federal Reserve (Fed) rate cuts. ‘The market has been anticipating the release of the minutes for the past few days now, along with the inflation report. As a result, the U.S. Dollar Index has been trending upwards, and it is clear that the catalyst for this movement was the strong U.S. jobs report’, said Amo Sahota, Executive Director at KlarityFX. Based on the futures market for federal funds, traders estimate an 83% probability of a 25-bps reduction in interest rates at the November meeting, with an additional 50 bps of cuts by the year-end, according to the CME FedWatch Tool. The Canadian dollar (CAD) reached a near eight-week low against the U.S. dollar (USD) on Wednesday, as oil prices declined and investors reduced their expectations for U.S. interest rate cuts. ‘It's a disappointing trend for the Canadian dollar’, said Adam Button, chief currency analyst at ForexLive. ‘The majority of the movement has been on the U.S. dollar side, as the market adjusts its expectations for the Fed’, he added. Investors eagerly await Canada's monthly employment report on Friday, which is expected to show an increase of 27,000 jobs in September. This data could help shape expectations for the Bank of Canada's policy decision this month. Investors anticipate the regulator to further ease interest rates on 23 October, with a 30% chance of a 50-bps cut. USDCAD continues to rise during Asian and early European trading hours ahead of U.S. inflation data. The U.S. CPI report will come out today at 12:30 p.m. UTC and likely cause increased volatility. Higher-than-expected figures should be taken as bullish for the USDCAD, while weaker data may trigger a downward correction in the pair. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

EURUSD, 30-minute timeframe chart EURUSD broke the support level of 1.09360 👉Level explanation EURUSD 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 1.09350. Set your stop loss at 1.09490 above the previous high ($1.40 loss for 0.01 lot) and take profit at 1.09210 ($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. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

XAUUSD, 15-minute timeframe chart XAUUSD formed a bearish Engulfing pattern 👉Level explanation XAUUSD has been trading in a sideways market for the last couple of hours. The pair moved up to the resistance level of 2,616.00. Now, the price displays a bearish Engulfing pattern. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 2,612.00. Set your stop loss at 2,618.00 above the previous high ($6.00 loss for 0.01 lot) and take profit at 2,606.00 ($6.00 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

A vital market update—catch the opportunity to trade by the news! The monthly U.S. Consumer Price Index (CPI) will be released today at 12:30 p.m. UTC. Market expectations for this CPI report: 🔹 a 0.1% rise in monthly inflation 🔹 a 2.3% annual inflation increase. The release will determine whether the November rate cut will be 50 or 25 basis points. 📉If the figures fall below expectations, the dollar may weaken, and there may be no need for a severe rate cut. 📈Conversely, if the statistics exceed expectations, the bullish impact on the USD may be significant, with a more considerable rate decrease expected. Use the update and trade in the Octa app via the link. #Trading #Forex #WeeklyTradingCalendar #MarketUpdates

‼️ 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 10 October. 🔥 Don't forget to get a 100% deposit bonus!

USDCAD, 30-minute timeframe chart USDCAD retested the resistance level of 1.09730 👉Level explanation USDCAD has been trading in a sideways market for the last couple of hours. The pair moved up to the resistance level of 1.36855. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.36756. Set your stop loss at 1.36953 above the previous high ($1.46 loss for 0.01 lot) and take profit at 1.36553 ($1.46 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 broke the support level of 62,000.00 👉General outlook BTCUSD 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 61,900.00. Set your stop loss at 62,650.00 above the previous high ($7.50 loss for 0.01 lot) and take profit at 61,150.00 ($7.50 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

Investsec released a scenario-based forecast where the South African rand can reach R21.9 per the U.S. dollar till the end of 2025. However, this scenario is only 1% probable. The scenario with a 50% probability shows the rand stabilising at R17.7 per USD until the end of 2024 and strengthening to R17.2 by the end of 2025.

Why is the rand so volatile? It is an emerging market currency that depends on global events, and the U.S. dollar changes in case of a light domestic calendar.

Investors and traders are waiting for the U.S. interest rate cut, which, according to the Fed's comments, is likely. When can we expect new movements? Check: 🔹 the U.S. Consumer Price Index data tomorrow at 12:30 UTC 🔹 the Fed's monetary policy direction 🔹 the U.S. elections. #forextrading #ZAR #economicnews #economicforecast #ZARUSD