What will move the market on October 4-8?

What will move the market on October 4-8?

This week is going to be interesting for traders as some high-impact events will happen! Of course, the main event is Non-farm payrolls on Friday, which is likely to set a new track for the US dollar and thus almost the entire Forex market. Besides, OPEC+ will meet on Monday, which will add volatility to the rallying oil market.

Trade ideas


At the start of the week, the focus will be on the Australian and New Zealand dollars as their central banks will make rate statements. Reserve Banks of these countries can’t become more dovish than they are now, that’s why we don’t expect the AUD and NZD to fall after the releases. On the contrary, if the RBA or RBNZ gives an optimistic outlook or hints at soon tapering, it may push NZD/USD up to 0.7000 and AUD/USD – to 0.7300. However, the major attention will be on the USD and NFP on Friday. The USD has hit a one-year high recently and if NFP numbers beat forecasts, USD/JPY can rocket to 112.00.


Time flies! The earnings season is about to start again! Companies will unveil their financial results for the third quarter. Among the first will be PepsiCo already on October 5 at 13:00 GMT+3. If the Q3 results are better than expected, the stock of PepsiCo will surge back to $155.00. Meanwhile, China’s assets are trying to recover after the massive sell-off. Hong Kong’s Hang Seng Index (HK 50) is trading sideways near a one-year low of 24,000. 

Oil & metals

Gold tried to recover the losses, but the long-term forecast remains bearish as the strong USD after the encouraging NFP may pull the metal lower to the support of $1730. As for oil, the previous week was great for bulls as oil skyrocketed to the 2018 highs: XBR/USD (Brent oil) to $80.00, XTI/USD (WTI oil) to $76.50. After touching the highs, oil prices pulled back, but they may reverse up again as the demand is rising. Besides, the OPEC+ meeting may impact the oil market.

Risk warning

The following information is not investment advice. Remember that trading is risky. Manage your funds carefully and remember that you can use Take Profit and Stop Loss orders to maximize your gains and limit your losses.



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Happy Wednesday, traders! We went through the Internet and found the best news for you, take a look!

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Yesterday, the release of the US Inflation rate came out lower than the forecasts (0.1% vs. 0.3%). The soft figures pulled the US dollar index down by almost 1%. At the same time, S&P500, EURUSD, and gold strengthened. Today, the Fed will hold a meeting at 21:00 GMT+3. The Federal Reserve is widely expected to raise the interest rate by 50 basis points.

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The US Bureau of Labor Statistics will release its Consumer Price Index and many other critical events that will move the market this week!

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This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

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S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

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