Crude oil is driving the forex market

The longer Brent remains expensive, the tougher the Fed will be.

The ECB will be cautious to avoid hurting the economy by raising rates.

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⚠️ Canada — Gross Domestic Product at 12:30 GMT

✔️ Prev: 0.4% | 2.1%

🕒 Exp: 0.0%

🎯 Fact.: 0.0% | 1.4%

🇺🇸 Pre-market trading trends on the US stock market

📈 The US stock market is showing a moderately positive trend in pre-market trading, with key indices being buoyed by gains from major technology companies, despite isolated corrections in the consumer and energy sectors.

In the Information Technology sector, NVIDIA (NVDA) is up 0.71%, Advanced Micro Devices (AMD) is up 1.14%, while Microsoft (MSFT) is down 0.08%.

In the Communication Services sector, Meta Platforms (META) is up 1.08%.

In the Health Care sector, Johnson & Johnson (JNJ) is up 0.03%, while AbbVie (ABBV) is up 0.12%.

The dominance of gains among the largest technology companies points to a prevailing risk-on sentiment within the US market. Demand for the dollar as a safe-haven asset remains subdued, and the currency's performance is likely to be neutral in the near term.

⚠️ USA — JOLTs Job Openings at 14:00 GMT

✔️ Prev: 7340K

🕒 Exp: 7230K

🎯 Fact.: 7080K 📉

▶️ Platinum. Trend is not over

Today is Tuesday, September 29th, we’re going to talk about the platinum. Today, we’ll look at the monthly chart, where the uptrend that began in 2020 is Wave 3. This suggests that platinum is continuing to rise in the form of a terminal diagonal. And most importantly, the answer to the question...

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▶️ Pro News Flash: Euro Under Pressure

💶 The euro is under growing pressure, falling against the U.S. dollar for 11 of the last 14 days and dropping below 1.1350, a level not seen for more than 15 months. Renewed concerns over Europe’s debt and energy risks, combined with diverging Fed and ECB policies, are weighing on the currency.

📉 Political risk is also rising as the yield spread between French and German bonds reaches its highest level since 2012. With another clash between France’s government and National Assembly expected, concerns are growing around the country’s €3.5 trillion debt burden and the potential impact on European markets.

🏦 The ECB is taking a cautious approach, while markets have reduced expectations for an October deposit rate hike. At the same time, the chances of a Fed rate hike in October have risen to 73%, widening the monetary policy gap and adding further pressure to the euro-dollar pair.

⛽ Energy risks are adding another layer of pressure. European gas storage is currently at 71%, well below the five-year average of 87%, reviving memories of the 2022 energy crisis when the euro fell below parity with the dollar. With the euro already weakening, the question is how much further it could fall.

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⚠️ Australia — Consumer Prices Index at 01:30 GMT

✔️ Prev: 1.0% | 3.5%

🕒 Exp: 0.4% | 4.0%

🎯 Fact.: 0.4% | 4.0%

🗓 Economic Calendar at 2026/10/01 (GMT)

12:00 🇩🇪 Consumer Price Index — Exp: 0.5% Actual: 0.6% | 3.3%

12:00 🇩🇪 Consumer Price Index - EU Harmonised — Exp: 0.5% | 3.1% Actual: 0.6% | 3.3%

12:15 🇺🇸 ⚡️ ADP Non-Farm Employment Change — Exp: 70K Actual: 90K

12:30 🇺🇸 ⚡️ Gross Domestic Product — Exp: 1.5% Actual: 2.2%

12:30 🇺🇸 Core Personal Consumption Expenditure — Exp: 3.6% Actual: 3.3%

12:30 🇺🇸 GDP Price Index — Exp: 6.4% Actual: 6.1%

12:30 🇺🇸 Goods Trade Balance — Exp: -116.3B Actual: -132.6B

12:30 🇺🇸 ⚡️ Core PCE Price Index — Exp: 0.3% | 3.3% Actual: 0.2% | 3.0%

12:30 🇺🇸 Personal Spending — Exp: 0.8% Actual: 0.9%

14:30 🇺🇸 Crude Oil Inventories — Exp: -700K Actual: 922K

23:50 🇯🇵 Tankan Manufacturing Index — Exp: 25 Actual: 24

23:50 🇯🇵 Tankan Non-Manufacturing Index — Exp: 36 Actual: 35

23:50 🇯🇵 Tankan Large All Industry Capex — Exp: 12.3% Actual: 11.3%

23:50 🇯🇵 Tankan Large Manufacturers Outlook — Exp: 22 Actual: 21

23:50 🇯🇵 Tankan Non-Manufacturing Outlook — Exp: 30 Actual: 30

06:30 🇨🇭 Consumer Price Index — Exp: 0.0%


[Updated in real time]

USDCHF Wave Analysis – 30 September 2026

– USDCHF broke key resistance level 0.8280

– Likely to rise to resistance level 0.8400

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NVIDIA Wave Analysis – 30 September 2026

– NVIDIA reversed from resistance level 233.00

– Likely to fall to support level 220.00

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EURUSD Wave Analysis – 30 September 2026

– EURUSD reversed from support level 1.1300

– Likely to rise to resistance level 1.1400

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Algorand Wave Analysis – 30 September 2026

– Algorand reversed from resistance level 0.1370

– Likely to fall to support level 0.1175

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Crypto heavyweights pull back as altcoins rotate

The crypto market's capitalisation has remained stable at around $2.86T for the third day in a row. The market continues to ignore the strengthening of the dollar and the rise in global government bond yields. It appears that current levels are not yet attractive to cryptocurrency investors, who are waiting for a better offer or at least signs that traditional markets are bottoming out. Still, it cannot be said that all cryptocurrencies have come to a standstill while waiting.

Over the past 24 hours, among the most liquid coins, there has been a slight trend towards profit-taking, with the sharpest declines seen in Hedera (−12.1%), Algorand (−7%) and IOTA (−6.5%), with the top performers being Sushiswap (+5.1%), NEAR Protocol (+5%) and Aave (+3.8%). Meanwhile, Bitcoin, Ethereum, BNB, XRP and Solana are recording declines of around 1%. It appears the market is rotating between altcoins. Still, major cryptocurrencies are under pressure due to their close ties to traditional markets, where sentiment is more wait-and-see and cautious.

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The dollar has retreated from the edge 

Moderates within the Fed have signalled that a policy tightening is not as urgent as previously thought.

The Bank of Japan may pre-empt the Fed by raising rates in October.

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⚠️ USA — ADP Non-Farm Employment Change at 12:15 GMT

✔️ Prev: 36K

🕒 Exp: 70K

🎯 Fact.: 90K 📈

⚠️ USA — Gross Domestic Product at 12:30 GMT

✔️ Prev: 1.5%

🕒 Exp: 1.5%

🎯 Fact.: 2.2% 📈

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⚠️ USA — Core PCE Price Index at 12:30 GMT

✔️ Prev: 0.1% | 3.0%

🕒 Exp: 0.3% | 3.3%

🎯 Fact.: 0.2% 📉 | 3.0% 📉

🇺🇸 Pre-market trading trends on the US stock market

📈 Following the inflation figures, the US stock market is showing a moderately positive trend in pre-market trading.

In the Information Technology sector, NVIDIA (NVDA) is up 0.65%, Micron Technology (MU) is up 1.38%, while Microsoft (MSFT) is up 0.21%.

In the Communication Services sector, Alphabet (GOOGL) is up 1.35%.

In the Consumer Discretionary sector, Amazon (AMZN) is up 0.21%, while in the Consumer Staples sector, Walmart (WMT) is up 0.25%.

From a foreign exchange perspective, the current rise in the shares of the largest technology and retail companies reflects a risk-on sentiment: demand for safe-haven dollar assets is limited, and the dollar's performance remains largely neutral, with no clear momentum toward appreciation.

Gold seizes the chance to make a comeback

• Equity investors are hedging their risks by selling the precious metal.

• Falling oil prices, Treasury yields and the US dollar will help gold.

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Comcast Wave Analysis – 30 September 2026

– Comcast reversed from key support level 21.60

– Likely to rise to resistance level 23.00

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