Market Update: Closing Indices

Take your pick what stands out after a wild ride after earnings. NAS100 bounced off 30K while US500 stop run through 7772 stalled as both lacked follow through. So an inconclusive (but disappointing) close

Microsoft Tops Earnings and Revenue Forecasts in Fiscal Q1

Microsoft (MSFT) reported fiscal first-quarter 2027 earnings of $4.92 per share, exceeding expectations of $4.72. Revenue reached $92.3 billion, beating the $90.6 billion forecast. Operating income also came in above estimates at $45.9 billion, compared with expectations of $44.1 billion. Net income totaled $36.6 billion, surpassing the projected $35.1 billion. The results put Microsoft ahead of forecasts across all four reported measures, with revenue exceeding expectations by $1.7 billion and earnings per share beating estimates by 20 cents.

No surprise

Fed keeps rates unchanged as expected…. vote was not unanimous (2 dissenters)… next up Fed Chair Warsh’s presser

US500 index is extending a three-session rebound from the April uptrend line near 7,615 & more bullish 📈 is expected to go beyond all time high

CME FedWatch: Dec 9 FOMC meeting

Markets pricing in around 93$ odds for no change at today’s meeting and around 88% odds for a December rate hike.

USDJPY 4 HOUR: What about the BoJ?

With USDJPY trading back above 158, the question is whether there is a level the BoJ would not like to see broken. The level that stands out is 158.60, both chart resistance and the 200 day moving average. While below, 158 is the obvious pivotal level.

NAS100 (NASDAQ) 4 HOUR (CFD): What it will take…

Making a bid to break downside risk but to do so, 29935 and the key 4-hour trendline along with a firm move above 30K would be needed to confirm. Otherwise, needs to hold above 29130 to keep the downside in check. In any case, how it closes the day will be more important than how it starts out following the FOMC decision and key earnings reports (Alphabet and Microsoft).

USDCAD 4 HOUR: Waiting for the BoC

Surprise would be a BoC hold so assuming a rate hike, the reaction will be more important than the headline. In this regard, key levels on the upside are at 1.4082 and 1.4112 and on the downside, 1.3998 and 1.3968. Perhaps more important will be how it trades vs. 1.40

EURUSD found resistance 📉 but the meltdown continues…maybe 1.11000 could be support 📈

USDJPY rebounded off its one- month low at📈 156.07, carving out a bullish doji candle that signaled an initial corrective bounce.

GBPUSD 4 HOUR: 1.33 pivotal

Momentum building to the downside following break of key 1.3299 support. If 1.3299 (use 133) becomes resistance, 1.3229 is next target. If not, downside cools but only back above 1.3359 would break momentum. Key event: Autumn budget today

XAUUSD 1 HOUR:  4000-4100?

Keeping a bid while above 4000 but consolidating after a brief spike to 4070, which is now the obstacle to building momentum for a run at 4100.

Should trade stay within 4000-4100, then 4050 will set its intra-day tone.

With that said, what stands out on this chart is the double bottom at 3989, which will encourage the bulls as long as it holds.

EURUSD WEEKLY (Bobby and I had the same long standing target at 1.1065, standing in the way is the 1.1113 low, which is exposed while below 1.1150

See post below…

September 30, 2026 at 4:06 pm#44166
Belgrade BobbyKeymaster EURUSD Weekly

Remember what I told you last Friday: 1.13950 – but Important part is where EURUSD will close tonight…if below it, expect continuation of the downside. So continued it did…

Resistance – 1.13950  Next target (few weeks time…) 1.10655

AUDUSD’ is encountering repeated resistance at the 100-day SMA around 0.7035. But I’m waiting for Asian 🌏 session to see if CPI could push AusUSD higher 📈 or lower 📉

Market Update: Risk on

Stocks extending gains, NAS100 needs to stay above 29414 and regain 30K to give serious life to the upside. USD remains bid with EURUSD trading offered while below 1.1150 but still above its intra-day 1.1135 low Crude is trading down about 1% and helping to support the risk on mood.