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Libertex Trading Signal for Today
US SPX 500
Consumer Confidence Index
The US fell more than analysts expected.
The indicator dropped to 103 points from 108.7 in August. The indicator has reached levels typically associated with a recession, according to the Conference Board. At the same time, the VIX volatility index, which is a popular indicator
“Fear” grew by almost 15% in a week. Against this background, the American index S&P500 is showing a decline.
Upon reaching the price of $4300
SELL ES 📉
Take Profit
4240
Stop Loss
4340
US SPX 500
Consumer Confidence Index
The US fell more than analysts expected.
The indicator dropped to 103 points from 108.7 in August. The indicator has reached levels typically associated with a recession, according to the Conference Board. At the same time, the VIX volatility index, which is a popular indicator
“Fear” grew by almost 15% in a week. Against this background, the American index S&P500 is showing a decline.
Upon reaching the price of $4300
SELL ES 📉
Take Profit
4240
Stop Loss
4340
Libertex Trading Signal Today
BRN - Brent Crude Oil
US crude oil inventories fell by 2.2 million barrels last week, according to the US Energy Information Administration (IA). This far exceeded analysts' expectations. Data shows inventories in Cushing fell for 7 weeks in a row and fell to their lowest level since last July. This drop indicates a strong deficit in the global oil market. With demand in the US and China remaining strong, Brent crude is rising.
Upon reaching the price 93.5
BUY BRN 📈
Take Profit
94.75
Stop Loss
92.75
BRN - Brent Crude Oil
US crude oil inventories fell by 2.2 million barrels last week, according to the US Energy Information Administration (IA). This far exceeded analysts' expectations. Data shows inventories in Cushing fell for 7 weeks in a row and fell to their lowest level since last July. This drop indicates a strong deficit in the global oil market. With demand in the US and China remaining strong, Brent crude is rising.
Upon reaching the price 93.5
BUY BRN 📈
Take Profit
94.75
Stop Loss
92.75
Libertex Trading Signal for Today:
EURUSD
According to data published by the Bureau of Economic Analysis of the US Department of Commerce, the price index for personal expenses (PCE) in annual terms for August increased from 3.4% to 3.5%. However, excluding food and energy, the figure decreased from 4.3% to 3.9%.
The Fed's primary method of measuring inflation is the core RFE. Its fall gives hope that the Fed will not raise rates. And this is negative for the USD.
Upon reaching the price of 1.059
Buy EURUSD
Take Profit
1.0637
Stop Loss
1.0542
EURUSD
According to data published by the Bureau of Economic Analysis of the US Department of Commerce, the price index for personal expenses (PCE) in annual terms for August increased from 3.4% to 3.5%. However, excluding food and energy, the figure decreased from 4.3% to 3.9%.
The Fed's primary method of measuring inflation is the core RFE. Its fall gives hope that the Fed will not raise rates. And this is negative for the USD.
Upon reaching the price of 1.059
Buy EURUSD
Take Profit
1.0637
Stop Loss
1.0542
Libertex Trading Signal for Today:
USDJPY
Consumer price index in the region
Tokyo fell from 2.9% to 2.8% in annual terms. Excluding food and energy, the figure decreased from 4% to 3.8%. Industrial production in Japan fell by 3.8% year-on-year in August, down from 2.3% the previous month.
Slowing inflation amid falling production is negative for the yen.
Upon reaching the price 150.01
BUY USDJPY
Take Profit
150.49
Stop Loss
149.49
USDJPY
Consumer price index in the region
Tokyo fell from 2.9% to 2.8% in annual terms. Excluding food and energy, the figure decreased from 4% to 3.8%. Industrial production in Japan fell by 3.8% year-on-year in August, down from 2.3% the previous month.
Slowing inflation amid falling production is negative for the yen.
Upon reaching the price 150.01
BUY USDJPY
Take Profit
150.49
Stop Loss
149.49
Libertex Trading signal Today
XAUUSD
According to the Institute for Supply Management (ISM), the manufacturing PMI
The US increased to 49 points in September after 47.6 in August. This turned out to be the best value of the indicator since November 2022. In addition, the employment index increased from 48.5 to 51.2, which was better than analysts' expectations. The recovery in business activity in the US manufacturing sector strengthens the US dollar and leads to lower gold prices.
Upon reaching the price 1814
SELL XAUUSD 📉
Take Profit
1780
Stop Loss
1834
XAUUSD
According to the Institute for Supply Management (ISM), the manufacturing PMI
The US increased to 49 points in September after 47.6 in August. This turned out to be the best value of the indicator since November 2022. In addition, the employment index increased from 48.5 to 51.2, which was better than analysts' expectations. The recovery in business activity in the US manufacturing sector strengthens the US dollar and leads to lower gold prices.
Upon reaching the price 1814
SELL XAUUSD 📉
Take Profit
1780
Stop Loss
1834
Libertex Trading signal Today
ETHUSD
In the first 15 minutes after the start of trading Ethereum-ETF on the CME exchange, the volume of contracts did not exceed $2 million. For ETF instruments based on Bitcoin, this figure was 100 times higher. According to
According to Bloomberg, Ethereum futures open interest is about a fifth of that for Bitcoin. Due to weak interest in the launch of ETF, the price of ETHUSD is declining.
Upon reaching the price 1620
SELL ETHUSD 📉
Take Profit
1565
Stop Loss
1655
ETHUSD
In the first 15 minutes after the start of trading Ethereum-ETF on the CME exchange, the volume of contracts did not exceed $2 million. For ETF instruments based on Bitcoin, this figure was 100 times higher. According to
According to Bloomberg, Ethereum futures open interest is about a fifth of that for Bitcoin. Due to weak interest in the launch of ETF, the price of ETHUSD is declining.
Upon reaching the price 1620
SELL ETHUSD 📉
Take Profit
1565
Stop Loss
1655
Libertex Trading signal today:
AUDUSD
The Central Bank of Australia has kept the interest rate at the highest level for the last 11 years for the fourth month in a row.
The regulator again warned that further tightening of monetary policy may be needed to contain inflation.
The data on the trade balance published yesterday turned out to be more optimistic than analysts expected, which leaves greater freedom in decision-making by the Central Bank and is positive for the Australian dollar.
Upon reaching the price of 0.6401
Buy AUDUSD
Take Profit
0.6455
Stop Loss
0.6369
AUDUSD
The Central Bank of Australia has kept the interest rate at the highest level for the last 11 years for the fourth month in a row.
The regulator again warned that further tightening of monetary policy may be needed to contain inflation.
The data on the trade balance published yesterday turned out to be more optimistic than analysts expected, which leaves greater freedom in decision-making by the Central Bank and is positive for the Australian dollar.
Upon reaching the price of 0.6401
Buy AUDUSD
Take Profit
0.6455
Stop Loss
0.6369
Good day, traders!😎
📊The economic calendar for today, Friday, October 6, 2023
⚡️The most important news of the day⚡️NFP (nonfarm payrolls)
Nonfarm payrolls are an employment report released monthly, usually on the first Friday of every month, and heavily affect the US dollar, the bond market, and the stock market.
The Current Employment Statistics (CES) program from the U.S. Department of Labor Bureau of Labor Statistics surveys about 141,000 businesses and government agencies, representing approximately 486,000 individual work sites, in order to provide detailed industry data on the employment, hours, and earnings of workers on nonfarm payrolls.
This report has an impact on ES. We measured 252.00 pips of volatility in the 4 hours after past events.
Keep an eye on US SPX 500
📊The economic calendar for today, Friday, October 6, 2023
⚡️The most important news of the day⚡️NFP (nonfarm payrolls)
Nonfarm payrolls are an employment report released monthly, usually on the first Friday of every month, and heavily affect the US dollar, the bond market, and the stock market.
The Current Employment Statistics (CES) program from the U.S. Department of Labor Bureau of Labor Statistics surveys about 141,000 businesses and government agencies, representing approximately 486,000 individual work sites, in order to provide detailed industry data on the employment, hours, and earnings of workers on nonfarm payrolls.
This report has an impact on ES. We measured 252.00 pips of volatility in the 4 hours after past events.
Keep an eye on US SPX 500
Lbertex Trading signal 📉
EURUSD
In September, 336 thousand jobs were created outside of agriculture in the United States. Most analysts expected more modest readings.
Despite the fact that the unemployment rate, contrary to expectations of a moderate decline, remained the same at 3.8%, data on the state of the labor market in the US is generally positive for the dollar.
Upon reaching the price 1.054
SELL EURUSD 📉
Take Profit
1.0498
Stop Loss
1.0578
EURUSD
In September, 336 thousand jobs were created outside of agriculture in the United States. Most analysts expected more modest readings.
Despite the fact that the unemployment rate, contrary to expectations of a moderate decline, remained the same at 3.8%, data on the state of the labor market in the US is generally positive for the dollar.
Upon reaching the price 1.054
SELL EURUSD 📉
Take Profit
1.0498
Stop Loss
1.0578
Libertex Trading signal for today
FDAX
Industrial production in Germany fell by 0.2% in August. This value turned out to be worse than analysts' expectations. The decline in volumes continues for the fourth month in a row.
This indicates a weakening of Europe's largest economy. According to Bloomberg experts, Germany's GDP in the 3rd quarter will decrease by 0.1%, and overall in 2023 it may decrease by 0.6%. The German DAX index remains under pressure.
Sell FDAX
Upon reaching the price of 15300
Take Profit 15150
Stop Loss 15385
FDAX
Industrial production in Germany fell by 0.2% in August. This value turned out to be worse than analysts' expectations. The decline in volumes continues for the fourth month in a row.
This indicates a weakening of Europe's largest economy. According to Bloomberg experts, Germany's GDP in the 3rd quarter will decrease by 0.1%, and overall in 2023 it may decrease by 0.6%. The German DAX index remains under pressure.
Sell FDAX
Upon reaching the price of 15300
Take Profit 15150
Stop Loss 15385
Libertex Trading signal for Today
BTCUSD
Among crypto enthusiasts, October is considered favorable for Bitcoin. 3a For the last 10 years, BTCUSD has almost always ended the month higher.
According to Blockware Solutions, over the past 30 days, an average of 550 thousand new addresses were created daily in the Bitcoin network.
In addition, according to CoinShares estimates, revenues in cryptocurrency investment products over the past 2 weeks amounted to $78 million compared to $9 million the week before. The revival in the cryptocurrency market allows Bitcoin to grow.
Upon reaching the price 27500
BUY BTCUSD 📈
Take Profit
28500
Stop Loss
27000
BTCUSD
Among crypto enthusiasts, October is considered favorable for Bitcoin. 3a For the last 10 years, BTCUSD has almost always ended the month higher.
According to Blockware Solutions, over the past 30 days, an average of 550 thousand new addresses were created daily in the Bitcoin network.
In addition, according to CoinShares estimates, revenues in cryptocurrency investment products over the past 2 weeks amounted to $78 million compared to $9 million the week before. The revival in the cryptocurrency market allows Bitcoin to grow.
Upon reaching the price 27500
BUY BTCUSD 📈
Take Profit
28500
Stop Loss
27000
Libertex Trading signal
XAUUSD
According to the Bureau of Labor Statistics
USA, published yesterday, the consumer price index in September, contrary to forecasts, remained at the same level - 3.7% in annual terms.
Excluding food and energy, the figure dropped to
4.1%, which coincided with analysts' expectations. The Fed's target inflation rate, despite the high rate, is still far away. Therefore, the probability of maintaining the rate at the level of 5.25-5.5% at the next meeting of the instrument
FedWatch estimates it at 92.5%.
Upon reaching the price 1866
SELL XAUUSD
Take Profit
1848
Stop Loss
1886
XAUUSD
According to the Bureau of Labor Statistics
USA, published yesterday, the consumer price index in September, contrary to forecasts, remained at the same level - 3.7% in annual terms.
Excluding food and energy, the figure dropped to
4.1%, which coincided with analysts' expectations. The Fed's target inflation rate, despite the high rate, is still far away. Therefore, the probability of maintaining the rate at the level of 5.25-5.5% at the next meeting of the instrument
FedWatch estimates it at 92.5%.
Upon reaching the price 1866
SELL XAUUSD
Take Profit
1848
Stop Loss
1886
Libertex Trading Signal for Today:
BTCUSD
According to the analytical service Santiment, the most significant increase in “whales” in the last 1.5 years was recorded on the Bitcoin network. The number of addresses with a balance of 100 to 1000 BTC exceeded 14,000. At the same time, the number of long-term holders is growing. According to IntoTheBlock, 69% of all coins in circulation have been in wallets for more than a year. Demand from large capital allows BTCUSD to grow.
Upon reaching the price
28700
BUY BTCUSD
Take Profit
29800
Stop Loss
28000
BTCUSD
According to the analytical service Santiment, the most significant increase in “whales” in the last 1.5 years was recorded on the Bitcoin network. The number of addresses with a balance of 100 to 1000 BTC exceeded 14,000. At the same time, the number of long-term holders is growing. According to IntoTheBlock, 69% of all coins in circulation have been in wallets for more than a year. Demand from large capital allows BTCUSD to grow.
Upon reaching the price
28700
BUY BTCUSD
Take Profit
29800
Stop Loss
28000
Libertex Trading signal for today:
USDCAD
According to data published yesterday by the Bank of Canada, consumer prices rose 3.8% year over year in September. Moreover, compared to August, prices even decreased by 0.1%. Excluding food and energy, the annual figure was 2.8%. Most analysts did not expect inflation to slow down, so the Canadian dollar, despite rising oil prices, is under pressure.
Upon reaching the price
1.3663
BUY USDCAD
Take Profit
1.3742
Stop Loss
1.3599
USDCAD
According to data published yesterday by the Bank of Canada, consumer prices rose 3.8% year over year in September. Moreover, compared to August, prices even decreased by 0.1%. Excluding food and energy, the annual figure was 2.8%. Most analysts did not expect inflation to slow down, so the Canadian dollar, despite rising oil prices, is under pressure.
Upon reaching the price
1.3663
BUY USDCAD
Take Profit
1.3742
Stop Loss
1.3599