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#economic_calendar These events may affect the market on 23 October. 🔥 Don't forget to get a 100% deposit bonus!

USDCAD, 30-minute timeframe chart USDCAD rebounded from the support level of 1.38150 👉Level explanation USDCAD has been under selling pressure within the last couple of hours. The pair moved down to the support level of 1.38150. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 1.38240. Set your stop loss at 1.38040 below the previous low ($1.45 loss for 0.01 lot) and take profit at 1.38440 ($1.45 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 rebounded from the support level of 1.08150 👉Level explanation EURUSD has been under selling pressure within the last day. The pair moved down to the support level of 1.08150. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 1.08200. Set your stop loss at 1.08100 below the previous low ($1.00 loss for 0.01 lot) and take profit at 1.08350 ($1.50 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.5. 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 continues setting record highs Gold (XAU) reached record highs on Monday as the U.S. political uncertainty and Middle East tensions supported the demand for safe-haven assets. 👉 Possible effects for traders Gold prices continue to find support from various factors despite the strength of the U.S. dollar (USD). A projectile from Lebanon landed in an open area in central Israel, while Israel warned of further strikes against Hezbollah, particularly targeting the group's financial operations. Last week, the European Central Bank (ECB) implemented its third interest rate cut this year, marking the first consecutive cut in 13 years, with more expected as the economy faces challenges. Weak inflation data from the U.K. has reinforced expectations of more aggressive rate cuts by the Bank of England, and the Federal Reserve is also expected to reduce borrowing costs further. Meanwhile, opinion polls show Vice President Kamala Harris and former President Donald Trump in a tight race as the 5 November U.S. presidential election draws closer. All these developments push the price of gold higher. Meanwhile, traders are evaluating contrasting opinions from Fed officials regarding the future course of U.S. monetary policy. Kansas City Fed President Jeffrey Schmid favours a more gradual approach to rate cuts, while San Francisco Fed President Mary Daly stresses the importance of additional cuts to safeguard the labour market. Rising concerns that a Donald Trump victory could lead to the introduction of more inflationary tariffs contributed to the overnight sell-off in U.S. government debt. XAUUSD rose by 0.46% during the Asian trading hours. Today, traders should focus on the release of the Richmond Manufacturing Index at 2:00 p.m. UTC. Lower-than-expected results will likely extend the bullish trend in XAUUSD. Conversely, strong figures may pause or even break the established trend. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 Trump's improving election odds and Fed's stance pressure EUR The euro (EUR) plunged by 0.47% against the U.S. dollar (USD) on Monday as several Federal Reserve (Fed) officials said that they anticipated only a gradual reduction in interest rates. 👉 Possible effects for traders The Kansas City and Dallas Fed presidents supported a cautious and gradual reduction in interest rates. They cited potential risks to the job market and the possibility of inflation rising again as factors influencing their position. This approach essentially means that the Fed may be more cautious in cutting rates in 2025. As a result, market expectations on U.S. monetary policy shifted towards a more moderate easing phase, pulling the U.S. Dollar Index (DXY) higher. Adding to the dollar's rally was the rising prospect of former President Trump winning the November presidential election since his proposed tariff and tax policies are seen as likely to keep U.S. interest rates high. Meanwhile, the economic situation in the eurozone is worse than that of the U.S., so the markets expect the European Central Bank (ECB) to deliver another 25-basis-point (bps) rate cut in December. Goldman Sachs, a major U.S. investment bank, thinks a strong U.S. economy and a dovish central bank in Europe will open spreads wider, with a target of 205 bps for the gap between German bunds and U.S. Treasuries. EURUSD was rising slightly during the Asian and early European trading sessions. Today's macroeconomic calendar is rather uneventful, so the pair is unlikely to break out from its current bearish trend. Christine Lagarde, ECB President, will give a speech at 7:15 p.m. UTC today, which might potentially add volatility to EUR pairs, but no major announcements are anticipated. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 AUDUSD holds on as the DXY rallies The Australian dollar (AUD) tested the 0.66500 support level yesterday and lost 0.71% as the U.S. dollar and Treasury yields rallied on signs that the U.S. economy stayed resilient and rising odds of a Trump victory in the November election. 👉 Possible effects for traders Treasury yields increased overnight as expectations for aggressive monetary easing by the Federal Reserve (Fed) in the near future have diminished. Traders expect the Fed to deliver only a total of 40 basis points (bps) of cuts over the rest of the year. This implies less than two 25-bps reductions from the central bank at November and December meetings. According to the CME FedWatch Tool, the probability of a 25-bps rate cut in November is now 88.5%. ‘We think consecutive 25 bp cuts are quite likely in November and December, but we see more uncertainty about the pace next year’, Goldman Sachs analysts said in a note. ‘In part because of the election and in part because if the growth data remains strong and the unemployment rate remains stable for a few months, the FOMC could consider slowing the pace at some point’, they added. Domestically, the Deputy Governor of the Reserve Bank of Australia (RBA), Andrew Hauser, said earlier this week that robust employment growth was a bit of a surprise. He also indicated that the central bank was prepared to respond in either direction, depending on incoming data. Last week, data revealed that Australia's economy added 64,100 new jobs in September, significantly exceeding forecasts of 25,000, with the unemployment rate remaining at 4.1%. Joseph Capurso, Commonwealth Bank of Australia's head of international economics, remarked that recent developments don't constitute a sign of significant future declines in the Australian dollar value. Given the expectation of a less aggressive easing policy by the Fed, markets now only anticipate a 25% likelihood of a rate cut by the RBA this year. According to the RBA WATCH, a first reduction by the RBA next April is currently less fully factored into prices. AUDUSD has been moving higher during Asian and early European trading sessions. Two significant events could significantly impact this pair this week: the U.S. Jobless Claims report at 12:30 p.m. UTC on Thursday and the following U.S. Manufacturing and Services Purchasing Managers' Index (PMI) for October at 1:45 p.m. UTC. These data releases will provide the market with insights into the Federal Reserve's future policy direction. 📲 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 retested the resistance level of 0.66920 👉Level explanation AUDUSD has been trading in a bullish trend for the last couple of hours. The pair moved up to the resistance level of 0.66920. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 0.66844. Set your stop loss at 0.67035 above the previous high ($1.91 loss for 0.01 lot) and take profit at 0.66653 ($1.91 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

GBPUSD, 15-minute timeframe chart GBPUSD retested the resistance level of 1.30150 👉Level explanation GBPUSD has been trading in a bullish trend for the last couple of hours. The pair moved up to the resistance level of 1.30150. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.30100. Set your stop loss at 1.30330 above the previous high ($2.30 loss for 0.01 lot) and take profit at 1.29870 ($2.30 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, 15-minute timeframe chart BTCUSD retested the resistance level of 67,740.00 👉Level explanation BTCUSD has been trading in a bullish trend for the last couple of hours. The pair moved up to the resistance level of 67,740.00. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 67,720.00. Set your stop loss at 68,320.00 above the previous high ($6.00 loss for 0.01 lot) and take profit at 67,120.00 ($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

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USDJPY, 15-minute timeframe chart USDJPY retested the resistance level of 150.300 👉Level explanation USDJPY has been trading in a bullish trend for the last couple of hours. The pair moved up to the resistance level of 150.300. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 150.300. Set your stop loss at 150.550 above the previous high ($1.66 loss for 0.01 lot) and take profit at 149.900 ($2.67 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.6. 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

Let's celebrate together: Malay on-site boot camp ‘STATUS 200’ has successfully passed phase 2. Now, it's time to move to the third and last part of the program! Together with Ideas International, we organised on-site education events for Malay men and women pursuing IT careers. After each phase, students presented their projects reflecting the knowledge and experience acquired during training. The second phase, which took place in the summer, was the most intensive, with 240 hours of on-site training. The celebration of the successful pass synchronised with Octa's 13th birthday, which we happily celebrated with the students and tutors. Watch the video to learn how it was! There are still weeks of training ahead: the program's final is planned for the end of November. We are proud of the students who joined and passed the intense curriculum. By funding educational projects such as ‘STATUS 200’, Octa aims to offer new opportunities for personal development to dedicated and hardworking youths. #OctaMalaysia #charity #education #coding #bootcamp

EURUSD, 30-minute timeframe chart EURUSD retested the support level of 1.08470 👉Level explanation EURUSD has been under selling pressure within the last day. The pair moved down to the support level of 1.08470. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 1.08480. Set your stop loss at 1.08260 below the previous low ($2.20 loss for 0.01 lot) and take profit at 1.08700 ($2.20 profit for 0.01 lot). 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

GBPUSD, 15-minute timeframe chart GBPUSD retested the support level of 1.30190 👉Level explanation GBPUSD has been under selling pressure within the last day. The pair moved down to the support level of 1.30190. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 1.30310. Set your stop loss at 1.30091 below the previous low ($2.19 loss for 0.01 lot) and take profit at 1.30529 ($2.19 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 surges on rising tensions and U.S. political uncertainty Gold (XAU) climbed by over 1% on Friday, bolstered by escalating tensions in the Middle East and growing political uncertainty over the U.S. presidential election. 👉 Possible effects for traders Gold broke out above the $2,700 level on Friday, gaining bullish momentum for the fourth consecutive day. This marks the seventh day of gains out of the last eight, driving the price to a fresh record high, surpassing the $2,725 mark during American trading hours. Ongoing geopolitical tensions in the Middle East and U.S. political uncertainty ahead of the 5 November presidential election continue to support demand for the safe-haven metal. Furthermore, the prospect of looser monetary policies from most major central banks continues to support gold prices. Recently, the People's Bank of China (PBOC) lowered its key rates as part of its stimulus measures, and the European Central Bank (ECB) cut its interest rates for the third time this year last week. However, robust U.S. economic data has heightened expectations for a less dovish approach from the Federal Reserve (Fed). The yield on the benchmark 10-year U.S. government bond remains above 4%, supporting the U.S. dollar (USD), though hardly limiting gold's upward movement. XAUUSD continued to rise during Asian trading hours and reached $2,730. Today, the formal macroeconomic calendar doesn't feature any major events that might potentially trigger a strong reaction in the precious metals. Investors are closely monitoring developments in the Middle East, as tensions escalated after Hezbollah announced on Friday that it now enters a more intense phase in its conflict with Israel. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🚀 Euro rebounds slightly, but the bearish trend persists The euro (EUR) gained 0.32% against the U.S. dollar (USD) on Friday after a rally in the U.S. Dollar Index (DXY) paused at a two-month high. 👉 Possible effects for traders EURUSD remains within a bearish trend but managed to rebound slightly on Friday due to technical buying as the DXY touched a major resistance near the 200-day moving average. Additionally, the People's Bank of China's (PBOC) decision to launch new stimulus measures increased risk appetite among investors and supported the euro. However, the fundamental bias for EURUSD remains bearish. Overall, traders will likely continue to sell the rallies in EURUSD as long as the pair continues to trade below the critical 1.95000 level. The markets have grown more confident that the U.S. economy remains resilient, meaning that the Federal Reserve (Fed) will be reluctant to cut interest rates too aggressively. ‘Speculation that the Fed could follow September's 50-basis-point (bps) rate cut with another similarly sized move has been blown away by a round of data pointing to a resilient U.S. economy’, wrote Jane Foley, head of FX strategy, at Rabobank in London. Also, the European Central Bank's (ECB) message to the market has been getting progressively more dovish lately, as the eurozone economy faces challenges while inflation has dropped below the central bank's target. Furthermore, markets have started to price in Donald Trump's victory in the upcoming presidential election, which is generally viewed as being dollar-positive, at least in the short term. All these factors put downward pressure on the euro. EURUSD was essentially unchanged during the Asian and early European trading sessions. Today's macroeconomic calendar does not feature any major events that could disrupt the markets. Speeches by FOMC members Lorie Logan and Neel Kashkari, due at 12:55 p.m. and 5:00 p.m. UTC, may add to the volatility. Otherwise, the pair is likely to move slightly higher in the short term, but the declining 10-day exponential moving average will likely cap the gains. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🚀 Unexpectedly strong U.K. data supports GBPUSD The British pound (GBP) rallied by 0.32% on Friday after data showed surprisingly strong U.K. consumer spending last month, offering some reassurance about the strength of the economy. 👉 Possible effects for traders According to official data, British retail sales unexpectedly increased in September, contradicting indications that consumers were pessimistic about potential tax increases ahead of the government's upcoming Budget later this month. The sales volume rose by 0.3% in September, exceeding economists' projections for a 0.3% monthly decline. ‘After a period during which elevated inflation caused consumers to spend more and receive less, we are pleased to see that we are back on track for seeing higher spending accompanied by an increase in the volume of goods purchased’, said Joshua Mahony, strategist at Scope Markets. With markets still uncertain about the possibility of a rate cut at both the November and December meetings of the Bank of England (BOE), improved spending indicators could lead to a slight reduction in dovish expectations. Together with stronger growth in July and August, sales increased by 1.9% in Q3, the largest increase since mid-2021. At the same time, the BOE is expected to lower interest rates at least once more this year, likely in November, but with a possibility of a further decrease in December. GBPUSD has been trading sideways during Asian and early European trading hours. The most important event for the pound will be the U.K. Manufacturing and Services Purchasing Managers' Index (PMI) for October. A higher-than-expected reading should be taken as bullish for GBPUSD, while softer data may put bearish pressure on 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

GBPJPY, 15-minute timeframe chart GBPJPY formed a bearish Hammer pattern 👉Level explanation GBPJPY has been trading in a bullish trend for the last couple of hours. The pair moved up to the resistance level of 194.970. Now, the price displays a bearish Hammer pattern. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 194.940. Set your stop loss at 195.205 above the previous high ($1.77 loss for 0.01 lot) and take profit at 194.675 ($1.77 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 retested the support level of 2,724.00 👉General outlook XAUUSD has been under buying pressure within the last day. The pair moved down to the support level of 2,724.00. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 2,725.50. Set your stop loss at 2,719.20 below the previous low ($6.30 loss for 0.01 lot) and take profit at 2,731.80 ($6.30 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

​​#weekly_outlook 🔎 Keeping up-to-date with the market helps you make better trading decisions Here’s a Weekly Market Outlook for 21 – 25 October from Vito Henjoto. Stay informed and trade wisely. We wish you a successful trading week!