Gold is extending its decline within a descending channel, tracking the pullback from the August highs, and slipping below the short-term uptrend line and 4,200. The move raises the risk of a deeper retracement of the August rally, while trading below key moving averages keeps the near-term bias bearish.

Newsquaek Week in Focus 28th Sept-2nd Oct.: US NFP, PCE, and ISM Manufacturing PMI, RBA, and EZ CPI

US Market Wrap: Stocks gain and oil slides on US/Iran diplomacy optimism

Huge crypto options expirations today
Over $16-18 billion in Bitcoin and Ethereum options are expiring today, one of the largest quarterly derivatives settlement events of the year.
Expiry Breakdown
Bitcoin (BTC) Options:Notional Value: ~$14B to $16B (approx. 167,000 to 185,000 contracts)
Ethereum (ETH) Options:Notional Value: ~$2.1 billion (789,000 contracts)
Market Update (4 hour)
Risk on mood following the dip in crude oil: US stocks up, USD down but US yields only moving marginally so far as markets once again try to trade on hope even though hope is not a trading strategy.
EURUSD: Needs to move firmly above 1.1400 to break current momentum, so far testing 1.1400, (1.1415-20, 49-55 resistance above it).

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