fbpx

Register for MT4 Demo Account

Register for xStation Account

GBP/USD Holds Above 1.3100; Wall Street Slips on Middle East Tensions, Awaiting US Jobs Data

By Research Team Friday, Oct 4, 2024
GBP/USD

    • 11.30amD1
    • High1.314
    • Low1.3122
    • Close1.3135

GBP/USD is trading at 1.3141, 0.21% up since previous day close. The pair rises to about 1.3150. However, the additional gain now looks illusive as traders wait for the eagerly awaited US NFP report to provide new clues regarding the Fed’s interest rate stance.  Although the pair may struggle to stage a significant retreat, the short-term technical picture indicates that conditions are oversold. Positive trade is occurring between the pairs. 1.3088 is the closest support on the downside, and 1.3088 is the closest resistance.

Read More… Read Less

GBP/USD

Intra Day
Near Day

Technical Levels

R3 1.3462
R2 1.3393
R1 1.3269
Turnaround 1.3164
S1 1.3088
S2 1.2999
S3 1.2854
By Research Team Friday, Oct 4, 2024
US100

    • 11.35amD1
    • High19882
    • Low19760
    • Close19830

US100 is trading at 19821, 0.24% up since previous day close. Over the past few weeks, Barclays strategists have grown more optimistic about the possibility of a U.S. soft landing, mostly because of China’s unanticipated stimulus measures and the Federal Reserve’s recent 50 basis point rate decrease. Today’s NFP report is anticipated to be very important. the daily chart shows that the pairs traded above the 50-day moving average, indicating that the uptrend is likely to continue. 19923 is the closest resistance.

Read More… Read Less

US100

Intra Day
Near Day

Technical Levels

R3 20762
R2 20375
R1 19923
Turnaround 19770
S1 19589
S2 19256
S3 18783
By Research Team Friday, Oct 4, 2024
GOLD

    • 11.40amD1
    • High2667
    • Low2655
    • Close2666

XAU/USD is trading at 2664, 0.32% up since previous day close. For the third day in a row, the gold price is continuing its consolidation period below the crucial 2,670 static barrier. The highly consequential US is anticipated by gold traders (NFP).  Fears grew as US President Biden on Thursday avoided outright denouncing Israel’s possible attack on Iran, and markets are now intently following events in the Middle East. Gold is expected to trade positively and is now in a good state. the closest resistance is 2676

Read More… Read Less

GOLD

Intra Day
Near Day

Technical Levels

R3 2727
R2 2700
R1 2676
Turnaround 2653
S1 2621
S2 2584
S3 2547
footer-logo

XFlow Markets provides an entirely transparent access to the FOREX Market through two powerful trading platforms with excellent execution speed, a 24/5 client support system with no dealing desk involvement.

 

© 2024 XFlow Markets, All rights reserved.

Risk Warning: Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances.

You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks.

 

XFlow Markets INC is incorporated in Saint Lucia with registration no. 2023/C088 governed by the Companies Act, Cap 13.01 of the revised laws of Saint Lucia.

XFlow Markets does not offer Contracts for Difference to residents of certain jurisdictions including the Belgium, Iran, Canada, North Korea, the USA, Cuba, Syria and FATF Black Listed Countries.

Telephone number: UAE: +971 43304431 Working hours: 7:00 AM - 5:00 PM (GMT+0)

XFlow Markets does not offer any fixed returns & guaranteed profits. Forex and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Your capital is at risk. Please consider our Risk Disclosure.

XFlow Markets does not guarantee any returns or profits. Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.