The U.S. Consumer Confidence Index<\/strong> for September took a hit, falling from 108.7 to 103.0. With less optimistic consumers, the American dollar is showing signs of vulnerability.<\/p>\n\n\n\n On the other hand, the Australian CPI<\/strong> saw a steady rise, reaching 5.2% YoY, exceeding the previous month’s 4.9%. Could this strengthen the Aussie in the weeks to come?<\/p>\n\n\n\n Technical Analysis Insights<\/strong><\/p>\n\n\n\n On the technical front, the EURUSD<\/a> pair had a fascinating week. After 11 weeks of relentless decline, the currency pair finally showed a bullish tail. This development could hint at a change in momentum, providing traders with fresh opportunities.<\/p>\n\n\n\n Commodities had a mixed week, with both Gold and Silver closing lower<\/strong>. Crude Oils and Cryptocurrencies<\/strong>, however, bucked the trend and finished higher.<\/p>\n\n\n\n As for the global indices<\/strong>, they teased new lows but ended much higher, signaling what could be the end of the bearish run.<\/p>\n\n\n\n What’s Coming Next?<\/strong><\/p>\n\n\n\n Now, let’s look forward to the week ahead:<\/p>\n\n\n\n –Monday:<\/strong> U.S. ISM Manufacturing PMI and a speech from Fed Chair Powell.<\/p>\n\n\n\n – Tuesday<\/strong>: Reserve Bank of Australia will announce its Cash Rate, expected to stay at 4.10%.<\/p>\n\n\n\n – Wednesday<\/strong>: New Zealand Official Cash Rate announcement.<\/p>\n\n\n\n – Thursday<\/strong>: Another round of U.S. Unemployment Claims.<\/p>\n\n\n\n And we can’t overlook Friday! Buckle up for Non-Farm Payroll<\/strong>, a key U.S. employment<\/a> figure that has the power to shake markets. Given the state of U.S. consumer confidence, traders will watch this data closely.<\/p>\n\n\n\n In The Charts<\/strong><\/p>\n\n\n\n First up, is the NASDAQ (tech100) setting up to hold support and push back now?<\/p>\n\n\n\n The EURUSD weekly chart also produced a bullish tail at support. Not a strong one, but could it mean that price will move higher next?<\/p>\n\n\n\n Bitcoin continues to show bullish behaviour off recent support.<\/p>\n\n\n\n Conclusion<\/strong><\/p>\n\n\n\n Whether you trade Forex<\/a>, commodities<\/a>, or indices, make sure you stay updated with economic news and market trends. After all, an informed trader is a successful trader.<\/p>\n\n\n\n That’s all for this week’s review. Stay tuned for our next update and as always, trade wisely!<\/p>\n","protected":false},"excerpt":{"rendered":" Last Week’s Highlights Last week was a rollercoaster ride in the financial markets, featuring some key economic indicators and chart patterns that hint at the future. The U.S. Consumer Confidence Index for September took a hit, falling from 108.7 to 103.0. With less optimistic consumers, the American dollar is showing signs of vulnerability. On the […]<\/p>\n","protected":false},"author":13,"featured_media":44669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-38172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/posts\/38172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/comments?post=38172"}],"version-history":[{"count":0,"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/posts\/38172\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/media\/44669"}],"wp:attachment":[{"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/media?parent=38172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/categories?post=38172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fxglobe.com\/fr\/wp-json\/wp\/v2\/tags?post=38172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"29](\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/10\/29sep2023_ut100_spotweekly-1024x576.png\")
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