Technical My Tips

🚀 Middle East conflict sparks sell-off in Bitcoin Bitcoin (BTC) dropped over 6% this week as the escalating conflict in Gaza and Lebanon fuelled flows into safe-haven assets. 👉 Possible effects for traders Middle East tensions are driving a sell-off in risk assets, including Bitcoin. Additionally, BTCUSD faced bearish pressure as stronger-than-expected U.S. labour market data and Federal Reserve (Fed) Chair Jerome Powell's hawkish remarks supported the U.S. dollar's (USD) recovery from its low. Tuesday's JOLTs Job Openings report revealed a surprising increase of 329,000, bringing the total to 8.04 million jobs created in August, up from a revised 7.711 million in July. Additionally, the ADP report on Wednesday showed private-sector employers added 143,000 jobs in September, surpassing expectations of 120,000. The data pointed to a still-resilient U.S. labour market, prompting investors to reconsider the probability of a 50-basis-point rate cut by the Fed in November. Another factor putting downward pressure on Bitcoin is the outflow of funds from Bitcoin exchange-traded funds (ETFs), which has continued for the third consecutive day. U.S. spot Bitcoin ETFs saw net outflows of $54.13 million on Thursday, marking the third straight day of negative flows, totalling over $388 million. Ark Invest's ARKB led the outflows with $57.97 million, while Fidelity's FBTC lost $37.21 million. In contrast, BlackRock's IBIT gained $35.96 million, and Bitwise's BITB and Invesco's BTCO saw inflows of $2.65 million and $2.44 million, respectively. Seven other funds, including Grayscale's GBTC, reported no flows. BTCUSD rose in the Asian and early European trading sessions. Markets today are waiting for the U.S. Nonfarm Payroll (NFP) data due at 12:30 p.m. UTC, which will cause increased volatility and affect the U.S. dollar and all related pairs. Thus, today's report will be significant as it may support or disprove investors' dovish stance on the U.S. interest rate path. If the NFP numbers are higher than expected, the U.S. dollar will rise, while BTC may return towards $60,000. Otherwise, BTCUSD may rise towards $62,000 on weaker-than-expected figures. ➡️Sign Up Now ➡️ https://bit.ly/attocta

🚀 EURUSD drops to a three-week low ahead of the NFP report The euro (EUR) declined by 0.13% against the U.S. dollar (USD) on Thursday as the U.S. Jobless Claims report indicated a still healthy labour market and the ISM Manufacturing Purchasing Managers' Index (PMI) data was higher than expected. 👉 Possible effects for traders Apart from the relatively strong macroeconomic reports, continuing safe-haven flows amid rising tensions in the Middle East boosted the greenback. In addition, the suspension of the dockworker strike may have also supported USD. ‘Today is an example of how quickly the U.S. dollar can recover. While Thursday's data was a little contractionary, the U.S. remains the envy of other countries’, said Juan Perez, director of trading at Monex USA. Still, investors continue to maintain a rather dovish view of the Federal Reserve (Fed), expecting the regulator to deliver roughly 100 basis points (bps) worth of rate cuts over the next four months. Meanwhile, the market anticipates the European Central Bank (ECB) to be less dovish than the Fed and deliver less than 80 bps worth of rate cuts by the beginning of 2025. Therefore, if U.S. data continues to come out stronger than expected while the eurozone data disappoints, a large adjustment in monetary policy expectations may take place. Thus, a sizable decline in EURUSD may be still ahead. EURUSD was relatively flat during the Asian and early European trading sessions. The biggest event today is the release of the U.S. Nonfarm Payroll (NPF) report at 12:30 p.m. UTC. Jerome Powell, the Fed Chairman, has stressed recently that the U.S. central bank was shifting its focus away from inflation onto the labour market. Today's data may largely determine the size of the Fed's next rate cut and the frequency of further cuts. The market generally expects a weak report, with a 0.3% rise in average earnings and around 140,000 new jobs created in September. A strong-than-expected report may trigger a disproportionately strong bearish reaction in EURUSD. A weak report may trigger a sharp upward correction in EURUSD, but it's unlikely to reverse a bearish medium-term trend. The key levels to watch are support at 1.10000 and resistance at 1.11500. ➡️Sign Up Now ➡️ https://bit.ly/attocta

🚀 Gold moves sideways as USD strengthens amid geopolitical uncertainty Gold (XAU) moved sideways on Thursday as the U.S. dollar (USD) strengthened and geopolitical risks increased. 👉 Possible effects for traders Gold was steady around $2,656 on Thursday, hovering near record highs, as rising geopolitical tensions bolstered its safe-haven appeal. Market participants are closely watching the situation in the Middle East, with concerns growing after U.S. President Joe Biden stopped short of explicitly condemning the possibility of Israeli strikes on Iran. Additionally, Tel Aviv pledged to retaliate against Iran while ramping up operations in Beirut amid its ongoing conflict with Hezbollah. On Thursday, the U.S. Dollar Index (DXY) reached a six-week high following robust U.S. economic data. Purchasing Managers' Index (PMI) figures indicated that U.S. services activity grew at its fastest pace in over a year in September. Meanwhile, recent job openings, private employment, and weekly jobless claims data highlighted a resilient labour market. Additionally, the dollar gained support from dovish signals in the U.K., Europe, and Japan. XAUUSD rose during the Asian trading session. The U.S. Nonfarm Payroll (NFP) report will be released today at 12:30 p.m. UTC. This data could impact the market expectations of a 50-basis-point rate cut by the Federal Reserve (Fed) in November, leading to a reassessment of dollar-based assets. The market forecast for September's NFP figures is to decrease towards 140,000. A stronger result may boost the U.S. dollar, weighing down on gold, while weaker numbers could soften the greenback and support the gold price. ➡️Sign Up Now ➡️ https://bit.ly/attocta

🚀 U.S. Elections: the debate between the vice presidential candidates failed to reveal a winner A few days ago, there was a debate between the vice presidential candidates. U.S. Senator James David Vance, chosen by Republican Donald Trump as his running mate for vice president, faced off with Minnesota Governor Tim Walz, selected by Democrat Kamala Harris to be his number two. Many viewers expected the debate to be contentious, given the intensity of the previous exchange between the two candidates. However, the event took an unexpected turn as the candidates engaged in a more amicable conversation. This contrasted the previous heated debate between Harris and Trump. Vance, as expected, suggested that Harris had played a significant role in White House decision-making regarding issues such as immigration and the Gaza situation. Walz, consistent with his usual approach, criticised Trump's actions during his time in office. Both candidates were reluctant to answer whether they would support a pre-emptive military action by Israel against Iran to prevent its nuclear development. 👉 Possible effects for traders Against the backdrop of ongoing tensions between Israel, Lebanon, and Iran, the gold (XAU) continues to strengthen. Due to geopolitical risks, investors are forced to hedge their positions by buying gold. Following the announcement by U.S. President Joe Biden regarding the discussion of a potential Israeli strike on Iranian oil facilities, markets received a signal indicating a possible further escalation of the situation. If the current conflict phase in the Middle East persists, XAUUSD may continue to rise towards new historical highs, potentially over $2,685. ➡️Sign Up Now ➡️ https://bit.ly/attocta

Social Trading is one of ExpertOption’s top features! Join the action by trading alongside friends and other investors, watch live deals as they happen, and copy the strategies of successful traders. Let their profits and moves inspire your next trade! Start Trading: https://bit.ly/attexpertoption

EURUSD, 30-minute timeframe chart EURUSD retested the resistance level of 1.10350 👉General outlook EURUSD has been trading in a sideways market for the last couple of hours. The pair moved up to the resistance level of 1.10350. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.10260. Set your stop loss at 1.10412 above the previous high ($1.52 loss for 0.01 lot) and take profit at 1.10108 ($1.52 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. ➡️Sign Up Now ➡️ https://bit.ly/attocta

Trade record gold highs with the best spreads in the market. Period. Click to compare. No other broker is lower. Open Account In Exness For Forex Trading & P2P Transaction👇 Link:https://bit.ly/attexness

➡️You Can Join Quotex From Link Below 💥 ➡️Start With Free Demo Account & Get 700'000 Demo Balance ✅ ➡️Quotex Link: https://tlt.ink/quotex Use Promo Code ➡️ 50TMT , 50TLT

Traders, prepare to update your USD portfolio! The nonfarm payroll is on the horizon. The monthly report will be released today at 12:30 p.m. UTC. The data could impact: 🔹 the U.S. dollar, bond, and stock markets 🔹 the likelihood of a 50-bps rate cut in the U.S. in November. Previous U.S. labour market reports have shown stronger-than-expected figures. Market expectations for the September nonfarm payrolls report are set at a decrease of 140K. A higher-than-expected number could strengthen the U.S. dollar, putting pressure on gold prices. Conversely, a lower NFP figure could weaken the dollar, boosting gold's appeal. #Trading #Forex #WeeklyTradingCalendar #MarketUpdates

➡️You Can Join Quotex From Link Below 💥 ➡️Start With Free Demo Account & Get 700'000 Demo Balance ✅ ➡️Quotex Link: https://tlt.ink/quotex Use Promo Code ➡️ 50TMT , 50TLT

Open Account In Exness For Forex Trading & P2P Transaction👇 Link: https://tlt.ink/exness

Start investing easily with our user-friendly platform—perfect for newcomers to finance. Sign Up Now ➡️ https://tlt.ink/octa

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.

🚀 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. ➡️Sign Up Now ➡️ https://bit.ly/attocta