Top Forex Brokers – Forex Weekly news and analysis For September 30 – October 6, 2024
Weekly Wrap-Up
- RBA kept cash rate at 4.35% in Sep 2024, unchanged for 7th straight meeting.
- Australia’s annual CPI rose 2.7% in Aug 2024, down from 3.5% in July.
- US durable goods orders unchanged MoM in Aug 2024, following 9.8% surge in July.
- US GDP grew 3% annualized in Q2 2024, unchanged from second estimate.
- US core PCE price index rose 0.1% MoM in Aug 2024, slowing from 0.2% in July.
- SNB cut policy rate by 25bps to 1% in Sep 2024, lowest since early 2023.
This Week’s Highlights
This week’s key economic releases are scheduled as follows:
- Eurozone Core CPI Flash Estimate y/y (Tuesday)
- US ISM Manufacturing PMI (Tuesday)
- US JOLTS Job Openings (Tuesday)
- US ADP Non-Farm Employment Change (Wednesday)
- US ISM Services PMI (Thursday)
- US Non-Farm Employment Change (Friday)
- US Unemployment Rate (Friday)
- US Average Hourly Earnings m/m (Friday)
Pair of the Week
XAU/USD
This week, expect high volatility in the XAU/USD pair due to US labor data such as non-farm employment change and unemployment figures.
Resistance: $2,685.16; $2,711.84
Support: $2,642.91; $2,611.79
USD/JPY
This week, expect high volatility in the USD/JPY pair due to US labor data such as non-farm employment change and unemployment figures.
Resistance: 144.44; 146.47
Support: 141.67; 139.58
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