{"id":14386,"date":"2024-09-30T14:11:02","date_gmt":"2024-09-30T14:11:02","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=14386"},"modified":"2025-02-16T10:55:27","modified_gmt":"2025-02-16T10:55:27","slug":"forex-market-analysis-30-september-2024","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/analysis\/forex-market-analysis-30-september-2024\/","title":{"rendered":"Forex market analysis: 30 September 2024"},"content":{"rendered":"\n<p>Welcome to the last trading day of September! As the month ends, today\u2019s market action will be shaped by key economic data and developments. Investors are positioning themselves ahead of several important reports and events that could set the tone for the markets heading into October.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h1 class=\"wp-block-heading has-medium-font-size\"><strong>KEY INDICATORS<\/strong><\/h1>\n\n\n\n<p><strong>US Consumer Confidence Report<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>One of the most anticipated releases today is the <a href=\"https:\/\/www.conference-board.org\/topics\/consumer-confidence\" target=\"_blank\" rel=\"noopener nofollow\" title=\"US Consumer Confidence Index\">US Consumer Confidence Index<\/a> for September.<\/li>\n\n\n\n<li>This report will provide insights into how consumers are feeling about the economy amid inflation concerns and rising interest rates.<\/li>\n\n\n\n<li>A strong reading could boost market sentiment, while a weaker one might spark caution.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Oil prices and energy sector<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Crude oil prices remain a key focus as they continue to hover near recent highs.<\/li>\n\n\n\n<li>Rising oil prices have been fuelling inflation concerns, so investors will be watching the energy sector closely for any developments that could impact prices further.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"774\" height=\"216\" src=\"https:\/\/www.vtmarkets.com\/tr\/wp-content\/uploads\/sites\/9\/2024\/09\/Picture-0.png\" alt=\"\" class=\"wp-image-14387\" srcset=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/Picture-0.png 774w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/Picture-0-300x84.png 300w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/Picture-0-768x214.png 768w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/Picture-0-500x140.png 500w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/Picture-0-400x112.png 400w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/Picture-0-350x98.png 350w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/Picture-0-200x56.png 200w\" sizes=\"auto, (max-width: 774px) 100vw, 774px\" \/><\/figure><\/div>\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h1 class=\"wp-block-heading has-medium-font-size\"><strong>MARKET MOVERS<\/strong><\/h1>\n\n\n\n<p><strong>EUR\/USD<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"624\" src=\"https:\/\/www.vtmarkets.com\/tr\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_1-1024x624.png\" alt=\"\" class=\"wp-image-14388\" srcset=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_1-1024x624.png 1024w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_1-300x183.png 300w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_1-768x468.png 768w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_1-492x300.png 492w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_1-400x244.png 400w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_1-350x213.png 350w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_1-200x122.png 200w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_1.png 1119w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><strong>Preferred long preference<br><\/strong>Long positions above 1.11979 with targets at 1.12069 &amp; 1.12230 in extension.<br><strong>Alternative scenario<br><\/strong>Below 1.11580 look for further downside with 1.11476 &amp; 1.11301 as targets.<br><strong>EUR\/USD approaches 1.1200 despite German Inflation softens below 2%.<\/strong><\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Nasdaq100<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"630\" src=\"https:\/\/www.vtmarkets.com\/tr\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_2-1024x630.png\" alt=\"\" class=\"wp-image-14389\" srcset=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_2-1024x630.png 1024w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_2-300x185.png 300w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_2-768x473.png 768w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_2-487x300.png 487w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_2-400x246.png 400w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_2-350x215.png 350w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_2-200x123.png 200w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_2.png 1087w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><strong>Potential short preference<br><\/strong>Short positions below 19863.76 with targets at 19777.47 &amp; 19721.19 in extension.<br><strong>Alternative scenario<br><\/strong>Above 20085.11 look for further upside with 20182.66 &amp; 20321.47 as targets.<br><strong>If downtrend persist, Support 3 very likely.<\/strong><\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>XAU\/USD<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"633\" src=\"https:\/\/www.vtmarkets.com\/tr\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_3-1024x633.png\" alt=\"\" class=\"wp-image-14390\" srcset=\"https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_3-1024x633.png 1024w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_3-300x185.png 300w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_3-768x475.png 768w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_3-485x300.png 485w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_3-400x247.png 400w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_3-350x216.png 350w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_3-200x124.png 200w, https:\/\/www.vtmarkets.com\/tr-mena\/wp-content\/uploads\/sites\/9\/2024\/09\/dma_20240930_3.png 1118w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><strong>Our preference<br><\/strong>Short positions below 2666.00 with targets at 2629.00 &amp; 2620.00 in extension.<br><strong>Alternative scenario<br><\/strong>Above 2666.00 look for further upside with 2674.00 &amp; 2685.00 as targets.<br><strong>Gold price holds correction near 2650.<\/strong><\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h1 class=\"wp-block-heading has-medium-font-size\"><strong>TODAY\u2019S NEWS HEADLINES<\/strong><\/h1>\n\n\n\n<p><strong>Oil markets not pricing in an \u2018all-out war\u2019 after Israel kills Hezbollah leader, but risks persist<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Oil prices didn\u2019t react sharply after Hezbollah confirmed that its leader was killed on Friday in an Israeli airstrike in the Lebanese capital of Beirut.<\/li>\n\n\n\n<li>Global benchmark Brent added 1.56% to USD 73.10 a barrel.<\/li>\n\n\n\n<li>US West Texas Intermediate futures traded 1.09% higher at USD 68.19 per barrel.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>European shares fall in last trading session of September; autos stocks down 4%<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The pan-European Euro Stoxx 600 index was down around 1% at 1:15 p.m. London time, with all sectors and major bourses in negative territory.<\/li>\n\n\n\n<li>Autos stocks were the biggest laggards, down 4.1%.<\/li>\n\n\n\n<li>Overnight in the Asia-Pacific region, stocks in mainland China spiked over 8% while Japan\u2019s Nikkei 225 tumbled nearly 5%.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Gold pulls back but dovish Fed sets it for best quarter since 2016<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Gold prices eased on Monday but hovered near the record peak hit last week, setting bullion on track for its best quarter in over eight years following a jumbo US rate cut decision and expectations of another outsized reduction in November.<\/li>\n\n\n\n<li>Spot gold was down 0.2% at USD 2,653.38 per ounce, as of 0404 GMT, owing to a rise in the US dollar.<\/li>\n\n\n\n<li>Bullion has risen slightly over 14% so far this quarter, its best since January 2016.<\/li>\n\n\n\n<li>On a monthly basis, gold has added 6% in September after hitting another record high of USD 2,685.42 on Thursday in a rally driven by the Federal Reserve\u2019s half-percentage-point cut, China\u2019s stimulus measures and ongoing Middle-East war concerns.<\/li>\n\n\n\n<li>US gold futures rose 0.3% to USD 2,674.80.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Click <a href=\"https:\/\/www.vtmarkets.net\/trade-now\/?utm_campaign=account_c&amp;utm_source=dma&amp;utm_medium=website\" target=\"_blank\" rel=\"noopener\" title=\"here\">here<\/a> to open account and start trading.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to the last trading day of September! As the month ends, today\u2019s market action will be shaped by key economic data and developments. Investors are positioning themselves ahead of several important reports and events that could set the tone for the markets heading into October. KEY INDICATORS US Consumer Confidence Report Oil prices and <a href=\"https:\/\/www.vtmarkets.com\/tr-mena\/analysis\/forex-market-analysis-30-september-2024\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-14386","post","type-post","status-publish","format-standard","hentry","category-analysis"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/14386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=14386"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/14386\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=14386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=14386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=14386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}