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

Forex

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.

Stocks

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.

TRADE NOW

Similar

Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera