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Prepare for erratics: Wednesday is month/quarter end
How Month-End Rebalancing Moves the Forex Market
OMING UP: Data: Australian CPI (Aug), Chinese NBS Manufacturing PMI (Sep), German Retail Sales (Aug), French CPI (Sep), German State/National CPI (Sep), Italian CPI (Sep), US PCE Price Index (Aug/Q2), GDP Final (Q2), Atlanta Fed GDP.
Speakers: ECB’s Elderson, Schnabel; Fed’s Barkin, Cook, Goolsbee, Kashkari.
Supply: Japan, Germany, US Treasury buyback announcement (10Y-20Y; liquidity support). Earnings: Accenture, McCormick.
US Market Wrap: Stocks mixed amid steeper yield curve as dovish Williams eases Oct. hike bets
(Right click on any image (or chart) to open a full screen in a new tab)
USDX (US DOLLAR INDEX) DAILY: Major resistance
With EURUSD representing 57.6% of the index, it would need to make a decisive breakdown through key 1.1324 support (just broken) for USDX to make a run at key 101.66-88 resistance.
Weakest currencies today: AUD, NZD, EUR, CHF, GBP in that order. JPY lagging (close to unchanged).
For those following DXY, levels may be different but patterns should look similar to this chartt.
NAS100 4 HOUR: Consolidating
Consolidating within a 30100-30500, double bottom/double top (on this CFD chart), too tight to last for too long.
Chart, however, shows a lower high (blue lines) so onus is on the bull side to take out 30500 and keep 30100 intact to avoid momentum from building to the downside.
US100 index (cash) is trying to 📈rebound toward 30,300, partially trimming this week’s losses. More specifically, today, it is losing ground standing between the 50-SMA and 20- SMA at 30,200 and 30,400, respectively, but remaining a short distance from its all-time high at 30,800, which was marked on September 23
Newsquawk Daily US Opening News – 29th September 2026
(Right click on any image (or chart) to open a full screen in a new tab)
XAUUSD 1 HOUR: Taking a breather
Consolidating after yesterday’s plunge through 4235, leaving a void of key levels until 3995.
While 4150 will likely be pivotal intra-day, back above 4171 would be needed to build some momentum off a higher low that would put 4200-35 back on the radar. Otherwise, upside will be limited.
EURUSD DAILY: Stop hunt
The adage that “The Forex Market Lives to Run Stops” was on full display today with the break of 1.1353 (double bottom) support. What comes next? Should 1.1353 become resistance, then 1.1324 key support comes on the radar (1.1064 below it) If not, then 1.1350 becomes pivotal with resistance at 1.1366-74 and 1.1388-91.
COMING UP: Data: Spanish Inflation (Sep), Retail Sales (Aug), EZ Economic Sentiment (Sep), US JOLTS (Aug). Events: RBA Policy Announcement.
Speakers: RBA’s Bullock; ECB’s Cipollone, Lagarde, Vujcic, Lane; Fed’s Goolsbee, Williams, Bowman, Barr, Waller; BoC’s Gravelle; BoE’s Taylor, Mann. Supply: Japan, UK, Italy. Earnings: Micron.
Newsquawk US Market Wrap – Stocks hit and oil chops amid mixed geopolitics SNAPSHOT: Equities down, Treasuries down, Crude up, Dollar up, Gold down.
