Top Forex Brokers – Forex Weekly news and analysis For October 14, – 20, 2024
Weekly Wrap-Up
🇦🇺 Australia’s NAB business confidence index rose to -2 in Sep 2024, up from -5 in Aug.
🇺🇸 US annual inflation slowed to 2.4% in Sep 2024, lowest since Feb 2021.
🇬🇧 UK economy grew 0.2% MoM in Aug 2024, after no growth in Jul and Jun.
🇨🇦 Canada’s unemployment rate eased to 6.5% in Sep 2024, down from 6.6% in Aug.
🇺🇸 US factory gate prices unchanged MoM in Sep 2024, down from 0.2% rise in Aug.
🇺🇸 US Michigan consumer sentiment fell to 68.9 in Oct 2024, from 70.1 in Sep.
This Week’s Highlights
This week’s key economic releases are scheduled as follows:
- UK Claimant Count Change (Tuesday)
- Canadian CPI m/m (Tuesday)
- New Zealand CPI q/q (Tuesday)
- UK CPI y/y (Wednesday)
- Australian Employment Change (Thursday)
- ECB Main Refinancing Rate (Thursday)
- US Core Retail Sales m/m (Thursday)
- ECB Press Conference (Thursday)
Trading Pair of the Week
AUD/USD
This week, expect high volatility in the AUD/USD pair due to Australia’s labor data release.
Resistance: 0.6823; 0.6936
Support: 0.6697; 0.6586
EUR/USD
This week, expect high volatility in the EUR/USD pair due to the ECB rate decision.
Resistance: 1.1067; 1.1188
Support: 1.0903; 1.0777
Why choose MetaTrader 5 with Top Forex Brokers?
Blazing-fast execution & enhanced stability
38 built-in technical indicators & 21 timeframes for precision trading
Optimized for all devices—desktop, mobile & web
Trade a wide range of assets: Stocks, Commodities, Forex & more!
