Top Forex Brokers – Forex Weekly news and analysis For October 7, – 13, 2024
Weekly Wrap-Up
- 🇯🇵 BoJ’s big manufacturers’ sentiment index at 13 in Q3 2024, steady for 2nd period.
- 🇪🇺 Eurozone annual inflation fell to 1.8% in Sep 2024, lowest since Apr 2021.
- 🇺🇸 ISM Manufacturing PMI at 47.2 in Sep 2024, unchanged from Aug, below 47.5 forecast.
- 🇯🇵 Japan’s consumer confidence rose to 36.9 in Sep 2024, up from 36.7 in Aug.
- 🇦🇺 Australia’s trade surplus at AUD 5.64B in Aug 2024, unchanged from July.
- 🇺🇸 ISM Services PMI jumped to 54.9 in Sep 2024, up from 51.5 in Aug.
- 🇺🇸 US added 254K jobs in Sep 2024, highest in 6 months, up from 159K in Aug.
- 🇺🇸 US unemployment rate fell to 4.1% in Sep 2024, lowest in 3 months.
- 🇨🇦 Canada’s Ivey PMI rose to 53.1 in Sep 2024, up from 48.2 in Aug.
This Week’s Highlights
This week’s key economic releases are scheduled as follows:
- NZD Official Cash Rate (Wednesday)
- NZD RBNZ Rate Statement (Wednesday)
- USD FOMC Meeting Minutes (Thursday)
- USD Core CPI m/m (Thursday)
- USD CPI m/m (Thursday)
- USD CPI y/y (Thursday)
- USD Unemployment Claims (Thursday)
- CAD Employment Change (Friday)
Pair of the Week NZD/USD
This week, expect high volatility in the NZD/USD pair due to the Reserve Bank of New Zealand rate decision and various economic events in the US.
Resistance: 0.6261; 0.6355
Support: 0.6078; 0.5978
USD/CAD
This week, expect high volatility in the USD/CAD pair due to labour data release in Canada and economic events in the US.
Resistance: 1.3637; 1.3728
Support: 1.3525; 1.3432
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!
