#GBPUSD at support level

Best Forex Broker

Signup and start trading with exness


https://one.exness-track.com/a/tvionvio

Fill referal code- tvionvio

GBP/USD Possible Move Analysis

📊The GBP/USD pair is currently facing a pivotal point at the 1.3313 support level. Technical analysis suggests that if this support holds, we could see a bullish reversal targeting the resistance level at 1.3435. Price action is indicating consolidation, and traders should look for candlestick patterns for confirmation of potential moves.

🔵On the downside, a break below 1.3313 could lead to further declines towards 1.3300.

🌍Fundamentally, keep an eye on upcoming UK economic data, particularly GDP and inflation figures, as they will significantly influence market sentiment and potential Fed policy responses.

Stay alert around these levels for trading opportunities.

#GBPUSD #ForexAnalysis #TechnicalAnalysis #PriceAction #FundamentalAnalysis

🔰 New York Times, according to a US military official: We believe that an Iranian attack with ballistic missiles will occur within 12 hours.

#Gold #Oil🛢
@MukeshForexpro

🔰 The US Embassy in Israel has issued a high-level alert to its employees in Israel, instructing them to return home and prepare to enter a shelter.

#Gold #Oil🛢
@MukeshForexpro

🔰 Houthi militias announced drone attacks on Israeli military sites in Tel Aviv and Eilat.

#Gold #Oil🛢
@MukeshForexpro

🌍**Stay Ahead: Crucial Economic Updates for Forex Traders**


📊🌍Today, October 2nd, traders focusing on GBP/USD, XAU/USD, and EUR/USD should keep an eye on key economic events. The USD ADP Non-Farm Employment Change report is expected to cause significant volatility, particularly for the U.S. dollar. If the job numbers exceed expectations, we could see bearish movements in gold (XAU/USD) and rallies in USD pairs like EUR/USD and GBP/USD. Additionally, the Crude Oil Inventories report will influence overall market sentiment, impacting USD strength across these pairs. Stay cautious and plan risk management strategies for today's volatile session.🔵🔵🔵🔵🔵

#GBPUSD #XAUUSD #EURUSD #ForexNews #MarketUpdate #USDEvents #VolatilityAlert

🔰GBPUSD NEXT POSSIBLE MOVE🔴

Best Forex Broker

Signup and start trading with exness


https://one.exness-track.com/a/tvionvio

Fill referal code- tvionvio

🌎📈📊Today 3rd October 2024, key economic news will impact EUR/USD, GBP/USD, and XAU/USD:

• EUR/USD: The Core PCE Price Index and Unemployment Claims in the U.S. could strengthen the dollar if the data is positive, leading to a drop in EUR/USD. 🚀💶📉
• GBP/USD: The UK’s Construction PMI could weaken the pound if it shows poor performance, while strong U.S. data could push the pair further down. 💷📉
• XAU/USD: Gold prices are inversely related to the dollar, so strong U.S. data could bring XAU/USD down. However, weak U.S. data may push gold prices up. 📉💵📈🔴

#EURUSD #GBPUSD #XAUUSD #ForexNews #USDVolatility #ForexFactory #GoldPrice #ForexAnalysis

On October 3, 2024, gold is showing signs of weakness on the daily timeframe. Here are the key points to note:

- Loss of Bullish Momentum: Gold has hit key resistance levels around $2670, indicating a potential pullback 📉.

- Bearish Divergence: A bearish divergence has emerged, signaling a downward trend if market conditions do not improve ⚠️.

- Market Catalysts: The outlook for gold remains cautious, especially if upcoming economic news or a stronger U.S. dollar further pressures prices 📊.

If the dollar continues to strengthen, gold prices may see additional declines in the near future. Keep an eye on upcoming data releases that could impact market sentiment!

For further insights, check the latest analysis on gold price movements [ [oai_citation:1,XAUUSD Chart — Gold Spot US Dollar Price — TradingView](https://www.tradingview.com/symbols/XAUUSD/)

You can also join my Telegram channel for real-time updates: @MukeshForexpro

#GoldTrading #MarketAnalysis #ForexNews #Investing #XAUUSD

🔵Gold Futures Flat But Safe-Haven Demand Set to Boost Prices — Market Talk🔴

🌎**Gold** futures are broadly flat at $2,691.30 a troy ounce, but tailwinds are likely to keep driving prices going forward, according to MUFG. 📊The precious metal gained 5.7% in the last month as bubbling geopolitical tensions in the Middle East drove safe-haven demand. Bullion's structural strength continues to be buoyed by its role as the geopolitical hedge of first resort in an uncertain operating 💵environment, amid Middle Eastern conflicts, U.S. Federal Reserve interest rate cuts, unprecedented central bank demand, the risk of inflationary policies post-U.S election and rising debt apprehensions, MUFG analysts say in a note. "We hold conviction in our above-consensus call for [spot] gold and forecast prices to rise to $2,750/oz by year-end and to breach the $3,000/oz threshold in 2025," MUFG says.

🌎🌎🌎🌎🌎🌎🌎🌎🌎🌎
Dollar Climbs Ahead of Payrolls, Sterling Tumbles after Dovish Bailey

- Dollar rises to a six-week high against the yen as expectations grow that the U.S. Federal Reserve will maintain interest rates. 📈
- Sterling drops 1% to $1.31140 after Bank of England Governor Andrew Bailey suggests faster rate cuts if inflation improves. 📉
- The yen weakens as Japan's new Prime Minister states it’s not time for rate hikes. 🇯🇵
- The dollar index increases by 0.2% to 101.30, bolstered by strong U.S. private payroll data. 💵
- Euro hits a three-week low as ECB's Isabel Schnabel adopts a dovish stance on inflation, with the euro down 0.16% to $1.1027. 🟡
- Geopolitical tensions in the Middle East further boost demand for the safe-haven dollar. 🌍
- Traders anticipate U.S. non-farm payrolls data, which could impact Fed policy.

In summary, the dollar gains strength amid rising expectations for U.S. jobs data, while sterling and the euro struggle under dovish central bank signals.

#Forex #Trading #Dollar #Sterling #EconomicNews #Telegram
Telegram ID: @MukeshForexpro

💹GBPUSD NEXT POSSIBLE MOVE 📊

FX Options Wrap: USD and Premium Gains Warn of Impending FX Risks

Volatility in the forex market is rising 🌍📈, driven by Middle Eastern tensions and upcoming U.S. jobs data, inflation (CPI), and elections. Demand for USD and FX options, particularly USD calls, is increasing 💵, with premiums going up. Implied volatility shows where the market might head 📊. The U.S. election risk premium is also impacting pairs like AUD/USD 🗳️, where volatility has increased. If you're involved in forex trading, it's crucial to understand these updates 🧠, so you can make better trades and manage risk effectively.

#ForexNews #Volatility #USDElection #MiddleEastTensions #JobsData #USDCalls #TradingStrategy #ForexMarket #AUDUSD #RiskManagement

Today, 4th October 2024, the major high-impact news events on Forex Factory are:🔴🔴🔴

1. 📊 USD Non-Farm Employment Change (NFP): This is the primary focus of the day, expected to show 160K jobs added. The NFP is a crucial indicator of the U.S. economy's strength. A higher-than-expected result would boost the USD, while a lower figure could weaken it. It often leads to significant market volatility in all USD pairs.

2. 📈 CAD Employment Change: Another key report influencing the Canadian dollar. The strength of Canada’s labor market will impact the CAD, with stronger employment data likely to drive the currency higher, while weaker data could lead to depreciation.

GBP/USD edged higher, recovering from a sharp drop following Bank of England Governor Andrew Bailey's remarks hinting at potential rate cuts 📉. Sterling rose 0.2% to 1.3144 after hitting a three-week low of 1.3092 on Thursday. Bailey suggested the BOE could take a more aggressive approach to rate cuts if inflation continues to ease, raising uncertainty around the previously strong performance of the U.K. economy ⚖️. This shift follows sterling's earlier strength, driven by cautious BOE policies and the economy's resilience, which now face risks 🛑. The pound’s rebound is accompanied by a slight decline in the U.S. dollar 💵, with investors awaiting the U.S. nonfarm payrolls report due later, which could provide hints on the Federal Reserve's next moves 🔍. Meanwhile, EUR/GBP fell 0.2% to 0.8393 as markets monitor the evolving monetary policies in both the U.K. and the U.S. 📊.



#ForexUpdate #GBPUSD #SterlingRecovery #BOE #InterestRates #USDForecast #MarketNews #EURGBP #Inflation #NonfarmPayrolls

Gold futures have risen 0.1% to $2,682.10 per troy ounce, nearing all-time highs ahead of key U.S. economic data. The global uncertainties like Middle Eastern tensions and upcoming U.S. elections have contributed to this rally. According to Antonio Ernesto Di Giacomo, senior market analyst at XS.com, another major factor is the Federal Reserve's monetary easing cycle, which is lowering interest rates and encouraging investors to turn to gold as a safe asset. Investors expect rates to continue declining, making gold more attractive. This Friday, the release of the U.S. Nonfarm Payroll data will be crucial in predicting the timing and scale of future rate cuts. 📊💰

#GoldRally #USFed #SafeHaven #MarketUncertainty #InterestRates #NonfarmPayroll

💹GBPUSD NEXT POSSIBLE MOVE📉