
COMING UP: Data: Swedish CPIF Prelim. (Sep).
Events: NBP Policy Announcement (Oct), FOMC Minutes (Sep).
Speakers: Fed’s Logan; ECB’s Cipollone, Vujcic.
Supply: Australia, UK, Germany, US
US Market Wrap: S&P 500 hits fresh ATH as yields move lower
SNAPSHOT: Equities up, Treasuries up, Crude up, Dollar down, Gold up

(Right click on any image (or chart) to open a full screen in a new tab)
Market Update: Closing Indices
US500: Mission accomplished (new record high at 7845) or more to come? Let’s see if 7818 can become support and 7850 get broken. If not, then dependent on 7800 holding to keep a bid.
NAS100: No reason to guess at a top so let’s see if the bottom of 31500-32000 sees a pause. If so, then dependent on 31000 holding to keep a strong bid.

EURJPY started the week on a negative note, extending its 📉downtrend to a fresh 11-month low of 176.20 before recovering above 177.00 on Tuesday, Although the pair remains capped below its 20-day SMA, maintaining an overall downward trend in the short-term picture, the technical signals reflect an overstretched sell-off, endorsing a temporary recovery phase in the coming sessions.

US PRE-MARKET MOVERS: Mag-7, AMD, CEG/GOOGL, OPCH, BDX, MAT, ABBV
ES +0.3% NQ +0.4% RTY +0.1%

Market Update: EUR reprieve, Firm stocks, Weaker oil
EURUSD: Getting a repieve while above 1.12 that would need to break 1.1250 (Friday’s close) and 1.1261 (Monday’s high) to neutralize the risk and then 1.1289 to make this more than just a bounce off the low. Support at 1.1220 blocks a return to 1.12. High so far at 1.1247.
US500: Stocks supported by the dip in oil but 7800 remains an obstacle to exposing the 7818 record high.
XBRUSD: No matter which Brent market you trade, $100 will stay pivotal in eventually setting its tone (futures last at $98.61)


COMING UP: Data: Australian Westpac Consumer Confidence (Oct), German Factory Orders (Aug), EU Retail Sales (Aug), US ADP Employment Change Weekly, Atlanta Fed GDP (Q3). Events: EIA STEO. Speakers: BoE’s Mann; ECB’s Zigman, Elderson, Cipollone; Fed’s Williams, Bowman, Schmid. Supply: Japan, UK, Germany, US.
Newsquawk US Market Wrap: Stocks rally across the board while long-end yields advance higher
SNAPSHOT: Equities up, Treasuries down, Crude down, Dollar up, Gold

NAS100 (NASDAQ) 4 HOUR: Unchartered waters
This time a new record intra-day high seems set to be accompanied by a new record closing high. This leaves 31K as pivotal and needing to become support for a new leg into unchartered territory where the next pivotal level is 32K.
If not, support is below the market at 30584-30725 (on this CFD chart).

US500 (SP500) 4 HOUR: Record high on the radar?
The break of an 8-day pattern that has seen 7700 print each day sent a bullish signal that now requires a firm break of 7785 (high 7794) and then see it become support to put the record 7818 high on the radar.
On the downside, keeps a bid pointed at 7800 as long as 7750-55 holds as support.


Global View | The Original Forex Trading Forum
Since our founding in 1996, we have built a legacy as a trusted place that empowers retail and professional traders alike. Our mission is simple: to provide a space where forex knowledge flows freely, and every member can grow through real-time conversation, expert insights, and shared experiences.
It isn’t just another forum; it’s the original and leading destination for Forex traders worldwide since 1996! Immerse yourself in a vibrant online community where traders of all levels connect, share strategies, and stay ahead of global market developments. Get real-time trading tips from real traders on Forex, stocks, Bitcoin, and more. We offer educational content, real-time charting tools, and access to proprietary Algo Trading systems. Join Global View today and become part of a global network of successful traders, where knowledge flows freely and your trading journey thrives! Elevate your game and experience the power of community-driven insights.

The fast-paced nature of the currency markets demands tools and platforms that keep up with the action. At Global View, we offer a live forum that features timely discussions and market reactions as they happen. Whether it’s breaking economic news, central bank announcements, or technical levels being tested, our members are always actively sharing their thoughts and forecasts in real time.
You’ll find live threads covering:
Our live discussions make Global View more than just another traders forum—they make it a key part of your daily trading workflow.

Looking for a place where serious forex investors connect and collaborate? Global View is more than a discussion board—it’s a full-fledged investment forum. Our members range from independent traders to hedge fund managers, all eager to share insights, ask questions, and learn from each other.
You can:
Our community fosters respectful and insightful conversation—perfect for traders who are committed to improving their craft.
Global View isn’t just about conversation. We provide additional resources to support your trading, including:
Whether you’re just starting out or have been trading for decades, Global View is your go-to platform for connection, education, and execution.
Join Global View today—the original and still one of the best trading forums for serious traders around the world.

© 2024 Global View
