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Forex Marketr Snapshot
It has been a reaction to news is what matters day that saw the USD rebound following hawkish comments by Fed’s Waller.
What caught my eye is EURUSD, still an outperformer, slipping back to around unchanged after failing just above 1.1250 and USDJPY printing 158 fror the 7th day in a row.
Next up: US CPI
Market Update (4 Hour)
Crude oil coming off its low following a plunge yesterday. has put glpabl markets in a wait-and-see mode.
EURUSD: Lower high would need to break 1.1213Â to turn it into anything more than a pause to the upside and shift the risk back to 1.1180-00. NAS100 lagging as AI memory names weighing.
US500: Focus on 7700 after holding a test of the 7664 breakout level yesterday, which needs to hold to keep a bid.
(Right click on any image (or chart) to open a full screen in a new tab)
EURUSD DAILY: 1.12 back in playt
Pause below 1.1276 (high 1.1274), a key level cited earlier, has capped its upside to maintain the current range. Selling pressure is coming out of a weaker EURFBP where the market is having more trouble absorbing the EUR sell side (GBPUSD still trading above 1.3448, also cited earlier) ahead of tomorrow’s BoE meeting. To keep the downside contained, 1.1200 needs to hold. Bottom line selling driven vs GBP and not USD
Why (my) levels matter (bounce off support to test resistance…see chart)
EURUSD 1.1263 => 1.1237 => 1.1270 Posted earlier… EURUSD 4 HOUR: Resistance noted Extending this week’s high and now faces key resistance at 1.1269 (4 hour) and 1.1276 (daily) ….support… 1.1222-37 blocking a shift in focus back to 1.12.
EURUSD 4 HOUR: Resistance noted
Extending this week’s high and now faces key resistance at 1.1269 (4 hour) and 1.1276 (daily), breaks of which would expose the former breakdown level at 1.1324..
If not, then 1.1250 becomes pivotal with support below it at 1.1222-37 blocking a shift in focus back to 1.12.
Forex Market Snapshot
The dollar is trading weaker following the Blue tsunami results in the US midterms as risk tone takes a u-turn to the upside. While the dollar is down across-the-board, the JPY is lagging (USDJPY back above 158) as it loses ground again on its crosses. Elsewhere, EURUSD is firmly above 1.12 (1.1250 now pivotal), GBPUSD has sights on 1.35 but so far pausing just below, AUDUSD (an outperfortmer) is back to .7000+ and USDCAD is lower after failing to hold 1.40+
Market Update: New month, new ball game
Hope trade back on?
EURUSD up (USD mixed): 1.12 pivotal after brief break of Friday’s 1.1225 high
NAS100 (stocks up): Hope for peace talks and hope Apple earnings will provide a lifeline today
XBRUSD: Weaker oil part of a hope trade
(Right click on any image (or chart) to open a full screen in a new tab)
Market Update: Indices (Weekly CFD)
With stocks under pressure, metals and cryptos cratering, USD bouncing (EURUSD 1.1150 is again pivotal), it seems a search for liquidity or simply month end flows. Whatever the case, US500 is clinging to support above 7610 (below creates an outside week => bearish) and NAS100 trying to hold off a run at 28000. Going strictly by the weekly charts show next key levels around 7500 and 27000.
EURUSD 4 HOUR: Waiting for the ECB
Bounce from a double bottom (1.1113) and higher low not going far enough to break the downside risk. For that to happen, 1.,1195 would need to be taken out.
This keeps EURUSD on the defensive (while below 1.1150) but consolidating ahead of the ECB meeting where the surprise would be a rate hike.
Note for US traders: ECB decision is due at 9:15 EDT, one hour later than usual as US clocks do not due fall back until Sunday
ECB President Lagarde announces she will step down after the February 2027 meeting.
Forex Market Snapshot
The dollar is trading on the firm side after selling following the FOMC saw limited follow through., CHF and JPY lagging as US yields dip along with softer crude oik prices.
- EURUSD:: On the defensive (while below 1.1150) ahead of the ECB decision.
- USDJPY: Bounce off a 157.60 low keeps 158 pivotal amid defense ahead of Friday’s BoJ meeting.
- GBPUSD: Clinging to a bid above 1.33 after a stop run below yesterday failed to follow through.
- USDCAD:: Back to unchanged as focus stays on pivotal 1.40 to set its tone after a bounce from just above its 1.3968 low (near double bottom)
- AUDUSD; Still bid above .7000 but again struggled to hold above .7050
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 WeeklyRemember 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
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.
