Markets are buzzing as tech giants lead the charge.
Alphabet’s earnings exceeded estimates, pushing the Nasdaq to a new record high and raising optimism across major indices.
Bitcoin is edging closer to an all-time high amid growing interest in digital assets. Meanwhile, the bond markets are in focus, with analysts urging caution as yields face new pressures.
Key economic data from the U.S. and Eurozone, plus earnings reports from big names like Amazon and Apple, are on deck this week. Let's dive into what to watch and how to trade these market moves.
Key Headlines
🇬🇧 UK Budget DayChancellor Rachel Reeves unveils her first budget with expected £35B in tax increases and spending cuts, plus a £3B defense boost. Look for GBP/USD volatility.
🇪🇺 EU vs. China EV TariffsThe EU enforces new tariffs on Chinese electric vehicles, rising up to 45%, intensifying trade tensions. Potential impact on EUR/USD and EUR/CHF.
🇺🇸 US Earnings & Political WatchAlphabet's earnings beat lifts Nasdaq, while Kamala Harris challenges Trump’s potential return. Key USD pairs may reflect investor reactions.
🇨🇭 UBS Earnings SurgeUBS reported a net income nearly double expectations at $1.4B. Positive outlook for USD/CHF and other CHF pairs.
🌡️ Climate Impacts on SleepNighttime heat, linked to climate change, impacts global sleep patterns. Environmental market shifts may impact green stocks.
📈 Intraday Signals for Today
Gold (XAU/USD)
Pivot: 2766.00
Buy Above: 2766.00
Targets: 2788.00, 2800.00
Alternative: Sell below 2766.00, targeting 2757.00, 2746.00
EUR/USD
Pivot: 1.0800
Buy Above: 1.0800
Targets: 1.0835, 1.0850
Alternative: Sell below 1.0800, aiming for 1.0785, 1.0770
GBP/USD
Pivot: 1.2985
Buy Above: 1.2985
Targets: 1.3020, 1.3040
Alternative: Sell below 1.2985, targeting 1.2970, 1.2955
USD/JPY
Pivot: 153.60
Sell Below: 153.60
Targets: 153.05, 152.75
Alternative: Buy above 153.60, aiming for 153.85, 154.25
USD/CAD
Pivot: 1.3900
Buy Above: 1.3900
Targets: 1.3930, 1.3950
Alternative: Sell below 1.3900, targeting 1.3885, 1.3870
📅 Key Events to Watch Today
Eurozone: Q3 GDP forecast at +1.0% YoY
Germany: GDP expected at -0.2% YoY, inflation at 1.8%
US: ADP employment data and Q3 GDP growth expected at +3.3% QoQ
Call to Action:
As the market steers through tech earnings, U.S. economic data, and geopolitical developments, strategic insights and timely analysis are essential for successful trading.
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