Forecasts & Analysis
GBP/USD and a Return to $1.1450 in the Hands of JOLTs Job Openings
It is a quiet day on the UK economic calendar, leaving the GBP/USD in the hands of US economic indicators and FOMC member chatter.
XRP Price Pressure Returns as Investors Await the SEC’s Next Move
XRP is back in the red this morning, with investor focus returning to the SEC v Ripple case. Uncertainty over the SEC’s response weighed this morning.
The RBA Sinks the AUD/USD with a Cautious 25-Basis Point Rate Hike
A 25-basis point rate hike fell short of market expectations, sending the AUD/USD into the deep red. The focus will now shift to US economic indicators.
BTC Fear & Greed Index Slides Despite a Bullish BTC Monday Session
The Fear & Greed Index fell deep into the Extreme Fear zone this morning. BTC’s failure to revisit $20,000 suggests more choppy sessions ahead.
Crypto Market Daily Highlights – ETH and XRP Led the Top Ten Breakout
Following Monday’s breakout session, the market focus will now shift to US JOLTs job openings to provide the crypto market with direction.
USD/JPY and a Run at 146 in the Hands of US JOLTs Job Openings
Inflation figures from Japan failed to move the USD/Yen. JOLTs job openings and FOMC member chatter will likely have more influence later today.
Gold Prices Jump as Treasury Yields Decline and Move the Dollar Lower
When yields on U.S. debt instruments rise it moves the dollar higher, which also means that when yields decline so does the dollar.
Technical View for 4th October: Pound Higher Though Faces Obvious Weekly Resistance at $1.1751-1.1413
Check out the latest technical report, covering major currency pairs using a multi-timeframe technical approach.