Senate ready to end GOV shutdown? Traders eye CPI comeback BREAKING: Senate Democrats are potentially ready to support a package of spending bills and a short-term funding measure, meaning that the longest government shutdown in history could soon come to an end.
If the shutdown ends, the upcoming Consumer Price Index (CPI) release will be a key data point for markets. However, the shutdown has already disrupted data collection. Federal agencies such as the Bureau of Labor Statistics (BLS) have scaled back or suspended operations, meaning parts of the inflation data may be delayed or less accurate than usual.
In the near term, markets are expected to react first to the relief of the shutdown ending, with attention shifting to the inflation figures once normal operations resume. Traders should consider the risk of a less reliable CPI print due to these disruptions and adjust exposure accordingly.
Shutdown
Markets Looking SOFT at highs - Correction Underway (Key Levels)October 10th candle is a very important low for all US Markets
-S&P
-Nasdaq
-Dow
-Russell
The rally from that Oct 10 candle low (Friday) was met with aggressive
support but was only showing rallies in Mag 7 and AI related plays
Earnings for the most part are coming in meeting or exceeding expectations, but
price action is certainly looking soft with the market making lower highs and lower
lows for now
We have plenty of technical support, but given the longest US Government Shutdown
in history with dot.com like valuations (there is bubble and non-bubble evidence),
sentiment and elevated volatility are taking their toll and dragging the markets lower
I've closed a lot of open positions and de-risked the portfolio pretty severely this week
with the intention of finding ways to participate in a cautiously bullish environment. As I mention in the video, markets tend to V bottom, but round out the tops so the longer we
stall at these highs and the more "rounded" look we have near these highs, the more
fragile and support can be if we eventually see a break lower - TBD
Day to day, we continue to do good work carving out short-term winners and properly
position for what is next - good or bad
Thanks for watching. See you in the live markets
-Chris
No U.S. data? No problem The U.S. government shutdown is now entering its second month, delaying crucial trading data. With limited insights coming from Washington, investors might like to pay attention to the data coming from elsewhere to make their trading decisions.
This week, central banks in Mexico, Brazil, England, Sweden, Norway, and Australia are set to announce monetary policy decisions.
Perhaps the most important of the bunch is the Bank of England decision. They are expected to keep their key rate unchanged, but speculation about an upcoming rate cut is growing. The Reserve Bank of Australia follows closely in importance and is also expected to hold rates steady at 3.6%, despite persistent inflation pressures. So, we might see a couple rate cut surprises here.
Additionally, Mexico and Switzerland will release their latest inflation data.
Earnings season continues as well, with reports due from Palantir, Berkshire, AMD, Uber, and McDonald’s.
Gold Eyes 4,010 Support Ahead of CPI – Big Move Loading?Hey Traders,
In tomorrow’s trading session, we’re monitoring XAUUSD for a potential buying opportunity around the 4,010 zone. Gold remains in a broader uptrend and is currently in a correction phase, approaching a key support and resistance confluence around 4,010 that aligns with the ascending trendline.
Market Focus:
All eyes are on tomorrow’s U.S. CPI release, with expectations for headline inflation at 3.0% and core at 3.1%. A softer-than-expected print could weigh on the U.S. Dollar, potentially igniting fresh momentum for GOLD to resume its bullish trend.
Next Move:
Watching price action around 4,010 closely — if CPI data confirms disinflation, we could see a strong rebound toward recent highs as safe-haven demand strengthens.
💬 What’s your take on the CPI? Are you positioning long or waiting for confirmation? Drop your thoughts below!
Trade safe,
Joe
Gold suffers biggest crash since 2013: What’s next for metal?Gold just experienced its worst single-day crash since 2013, plunging over 8% from record highs after forming a double top.
What’s behind this dramatic move, and what’s next for gold?
After a strong rally driven by fiscal and trade uncertainty and delayed US economic data, gold suddenly tumbled to the $4,000s. This sharp drop comes amid technical overextension and ahead of a crucial US CPI report due Friday, with the government shutdown still adding to market uncertainty.
Overextended : Gold was heavily overbought on multiple timeframes (4-hour, daily, weekly, monthly), with a double top and weakening RSI signalling a correction was due.
Profit-taking ahead of CPI : Many traders secured profits before Friday’s CPI report, with consensus expecting inflation to tick up, potentially impacting Fed rate expectations and the US dollar.
Trade developments : De-escalation between the US and China, with Trump and Xi set to meet at APEC, reduced some risk premium that had supported gold.
Support and scenarios : Strong support levels remain, with a possible further downside to the 38.2% Fibonacci retracement (~$3,945), but a deeper drop to $3,735 is seen as unlikely unless catalysts turn more bearish.
Volatility is back in the gold market! Will this correction turn into a longer consolidation, or is it just a pause before new highs?
Watch the key levels and upcoming CPI data, and remember—trade smart, respect your risk, and cash out when needed!
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Gold Testing 4,210 Support as Bulls Eye Another Leg HigherHey Traders, in today’s session we’re keeping a close watch on XAUUSD for a potential buying opportunity around the 4,210 zone. Gold continues to trade within a broader uptrend, and the current pullback appears to be a healthy correction toward a key support and resistance confluence at 4,210.
Market structure:
Momentum remains bullish, with price forming higher highs and higher lows. The ongoing correction could provide a trend-continuation entry if buyers step in near support.
Key level:
4,210 — a decisive zone where previous reactions have sparked renewed buying interest.
Outlook:
A sustained bid from this area could pave the way for another push toward 4,300 and beyond, keeping Gold aligned with its dominant bullish trajectory.
Trade safe,
Joe.
US30 Eyes 46,600 Resistance as Correction Extends Within TrendHey Traders, in tomorrow’s trading session we are monitoring US30 for a potential selling opportunity around the 46,600 zone. The Dow Jones remains in a broader downtrend and is currently in a corrective phase, approaching a key resistance level aligned with the descending trendline.
Structure:
Price continues to form lower highs and lower lows, indicating persistent bearish momentum. The ongoing pullback toward 46,600 could offer a potential continuation setup in line with the prevailing downtrend.
Key level in focus:
46,600 — a significant resistance zone and trendline confluence area where sellers have previously regained control.
Fundamentals:
Market sentiment remains fragile as uncertainty over US fiscal policy and geopolitical risks weigh on risk assets, supporting potential downside pressure on the Dow.
Next move:
Watching for bearish confirmation signals near 46,600 — a rejection from this zone could open the door for a continuation toward recent lows.
Trade safe,
Joe.
Weekly Trading Opportunities | October 21–25 • Monday: China GDP data
China’s third-quarter GDP report will be closely watched as growth is expected to slow to 4.8% year-on-year from 5.2% in Q2.
Slowing growth in China could reduce demand and prices for commodities. A surprise upside could support commodity prices.
• Tuesday: Coca-Cola and Netflix earnings.
Earnings season continues with Coca-Cola, Netflix, and others including Tesla, IBM, and Intel.
Strong results could offset soft U.S. data and help reignite the risk-on environment.
• Wednesday: U.K. inflation data and Tesla earnings
U.K. inflation is expected to edge back toward 4%. A softer reading could boost U.K. equities and pressure the pound.
• Thursday: Intel earnings
• Friday: U.S. CPI report
With the U.S. government shutdown entering its fourth week, the CPI release remains the week’s key data point. A hotter print could lift the dollar.
USDCHF Watching 0.80900 Resistance as Downtrend ExtendsHey Traders,
In today’s session, we’re monitoring USDCHF for a selling opportunity around the 0.80900 zone. The pair remains in a clear downtrend, with price currently in a corrective phase approaching a key resistance area near 0.80900.
A rejection from this level could reaffirm bearish momentum, potentially opening the door for another leg lower in line with the prevailing trend.
Trade safe,
Joe.
US govt Shutdown Impact on GOLD/BTC/SPX/NDX Overview📊 Scenario analysis
Assumed probabilities: 10-day (35%) / 20-day (40%) / 30-day (25%). These skew toward 20–30d expectation while allowing for a compromise CR late next week.
🗓️ 1) 10-day shutdown (quick CR by ~Oct 10)
• 🔑 Catalysts: market wobble + travel/FAA headlines + IPO freeze optics force a deal; leadership meeting produces a clean CR.
• 📉 SPX/NDX: -3% to -5% drawdown from pre-shutdown highs, then sharp relief. Mega-cap quality outperforms; small-caps lag on SBA loan pause.
• 💻 Bitcoin: -3% to -8% (high beta to equities, liquidity cautious); quick snapback if the deal lands and SEC footprint stays light.
• 🟡 Gold: +1% to +3%; fades a bit on resolution as real-rate anxiety reasserts. History shows shutdowns aren’t a reliable gold rocket on their own.
🗓️ 2) 20-day shutdown (through ~Oct 20) — “policy fog trade”
• 🔑 Catalysts: prolonged policy riders; BEA/Census blackout delays GDP/retail sales; SEC skeletal staff extends IPO drought. Fed guidance leans on forecasts, not fresh data.
• 📉 SPX/NDX: -5% to -8%. Factor rotation: low-vol/defensive > cyclicals; brokers/ECM-sensitive names soft; travel/airlines weak on FAA/TSA constraints.
• 💻 Bitcoin: -8% to -15% or flat-to-up if “crypto vs. Washington” narrative picks up while enforcement is thin — mixed precedent. This is the most two-sided asset here.
• 🟡 Gold: +3% to +6% as uncertainty premia build and central-bank-buying narrative stays intact. Stretching to $3,900–3,950 bullion target likely needs an added shock (ratings rhetoric, geopolitical flare).
🗓️ 3) 30-day shutdown (into late Oct) — “risk-off with rating overtones”
• 🔑 Catalysts: political stalemate; louder warnings about governance; issuance continues but optics around fiscal sustainability bite.
• 📉 SPX/NDX: -7% to -12%; HY spreads widen; VIX spikes; defensives/quality lead.
• 💻 Bitcoin: -15% to -25% on de-risking and liquidity run-down unless regulatory paralysis creates a “wild west” window and ETF inflows offset — low probability but non-zero.
• 🟡 Gold: +5% to +10%. A test of new cycle highs is plausible; hitting ~$3,900 quickly would likely require a ratings/FX scare, not just a shutdown.
________________________________________
🧭 What’s different this time
• 📉 Data blackout = policy uncertainty: Delays to GDP/retail sales/trade stats complicate Fed read-throughs — markets price fatter uncertainty premia.
• 📜 Regulatory throttle: SEC/CFTC “skeletal staff” → IPO drought and slower filings (headwind to brokers/ECM), even as EDGAR stays up.
• ✈️ Real-economy micro-pain points: FAA hiring/training halted → travel frictions; SBA lending paused → small-cap cash flow stress.
• ⚠️ Ratings optics: After Moody’s downgrade, governance headlines cut deeper than in prior shutdowns.
________________________________________
🤹 Contrarian angles
1. 🪙 “Bad data is no data” rally: If key prints are delayed, the market extrapolates a dovish Fed trajectory → curve bull-steepening and equities rally on rates, overpowering shutdown angst.
2. 💻 Crypto resilience: A lighter-touch SEC during a lapse can reduce headline risk; BTC has rallied during a shutdown before, though not consistently.
3. 🟡 Gold stall: If real yields back up on supply/duration worries rather than down on growth fear, gold can underperform despite the shutdown — history shows no clean positive beta.
4. 📈 Buy-the-resolution pop: Equities’ median post-shutdown performance is positive at 3–6 months — setting up a tactical sell the rumor / buy the cease-fire template.
________________________________________
💡 Trades & risk management tactical, 2–6 weeks
📉 Equities (SPX/NDX)
• 🛡️ Hedge now, monetize spikes: 4–6 week put spreads on SPX/NDX (≈25Δ/10Δ) sized for a -6–8% path; roll down if we breach the first support zone. Consider VIX 1–2M calls as convex tail protection.
• 🔄 Pairs/tilts: Underweight ECM-sensitive brokers; overweight staples/health-care utilities; short airlines vs. travel alternatives until FAA constraints clear.
💻 Bitcoin
• 🛡️ De-gear & collar: Reduce leverage; implement collars (sell 10–15Δ OTM calls to finance 20–25Δ puts). If we gap lower into -10% territory quickly, look to sell downside skew and pivot to short-dated call spreads into resolution.
🟡 Gold
• 📈 Own upside, respect mean-reversion: Use GLD call spreads (1–2M) targeting +4–8% with limited theta. $3,900–$3,950 bullion target is a stretch on shutdown alone; size for base-case +3–6% unless a ratings/geopolitical catalyst emerges.
📉 Small-caps / credit
• 🛑 IWM vs. QQQ underweight (SBA bottlenecks); keep HY credit hedged via CDX HY or HYG puts into Day 15+.
________________________________________
🔍 Levels & signposts to watch
• 🏛️ Policy tape: Any Senate movement on a “clean” CR; signs of healthcare rider compromise.
• 📅 Data calendar: Official notices on jobs/CPI/GDP timing (BLS/BEA/Census). A confirmed delay → more policy fog premium.
• ✈️ Micro stress: FAA/TSA updates; SEC operating status for registrations; SBA loan queue.
• ⚠️ Ratings rhetoric: Any agency commentary tying shutdown length to governance risk.
________________________________________
📝 Bottom line
• 📉 Base path: A -5–8% equity drawdown with gold +3–6% and BTC -8–15% is the modal 2–4 week outcome if we run ~20 days.
• ⚠️ Tail path: At 30 days, governance optics + data blackout can push SPX/NDX -7–12%, BTC -15–25%, gold +5–10%.
• 🔄 Contrarian risk: A quick CR or a “no data → dovish” impulse squeezes shorts — be ready to pivot to a buy-the-resolution stance.
US30 Eyes 46,200 Support as Bulls Prepare for Next Leg Higher!Hey Traders,
In today’s session, we’re monitoring US30 for a potential buying opportunity around the 46,200 zone. The Dow Jones remains within a clear uptrend, and price is currently in a healthy correction phase, approaching a key confluence of support and trendline structure near 46,200.
A sustained reaction from this level could signal a continuation of bullish momentum in the broader equity market.
Trade safe,
Joe.
Gold Holds 4,010 Ahead of Powell as Shutdown Clouds CPI OutlookHey Traders,
In today’s session, we’re keeping a close eye on XAUUSD for a potential buy setup around the 4,010 zone. Gold remains in a broader uptrend, and the current pullback brings price action near a key support and trend confluence that could attract fresh buyers.
All eyes are on Fed Chair Powell’s remarks later today. With the U.S. government shutdown disrupting key economic releases, including a possible delay of next week’s CPI data, Powell’s tone could heavily influence short-term Dollar sentiment—and by extension, Gold momentum.
If Powell hints at policy caution amid data uncertainty, the safe-haven narrative could re-emerge quickly. We’ll be watching closely for a potential technical trigger to align with the macro backdrop.
Trade safe,
Joe.
Gold Holds 3,900 Support Amid Dollar Slowdown and Global TensionHey Traders, in today’s session we’re closely monitoring XAUUSD for a potential buying opportunity around the 3,900 zone. Gold continues to trade within a strong uptrend, and the current pullback appears to be a healthy correction approaching key trend support.
Structure: The broader trend remains bullish, with price consolidating after its recent highs. The 3,900 level stands out as a technical pivot where buyers could regain control.
Macro context: The US Dollar Index is approaching major daily resistance around 98.300, suggesting potential exhaustion in the current USD rebound. Meanwhile, political and fiscal developments in Japan where a notably dovish administration has just taken power could further support demand for safe-haven assets like Gold.
Market sentiment: A combination of fiscal expansion abroad and rising uncertainty surrounding the ongoing US government shutdown is fueling risk aversion. If these pressures persist, Gold could retest the 4,000 zone sooner than expected.
Key focus: Watching how price reacts around 3,900 for potential bullish continuation in line with the broader trend.
Trade safe,
Joe.
NZDUSD Eyes 0.5730 Rebound as Dollar Weakens Near DXY ResistanceHey Traders,
In today's trading session, we are monitoring NZDUSD for a buying opportunity around the 0.57300 zone. The pair has been moving within a descending channel and is now approaching the lower boundary, suggesting potential for a technical rebound from channel support.
From a macro perspective, the bearish bias on the U.S. Dollar—driven by the ongoing government shutdown and sustained pressure near the 98.800 resistance on DXY—could further support upside momentum in NZDUSD.
Trade safe,
Joe.
EURUSD: Buying Interest Builds at 1.1610 as Shutdown DragsHey Traders, in today’s trading session we are monitoring EURUSD for a potential buying opportunity around the 1.16100 zone. The pair remains in a broader uptrend and is currently in a correction phase, approaching a strong daily support area at 1.16100 that aligns with the ascending trendline.
Structure: The market has been maintaining higher highs and higher lows, with the current retracement offering a potential continuation setup within the bullish structure.
Key level in focus: 1.16100 — a critical zone of confluence between daily support and trend structure, where buyers have previously shown strong interest.
Fundamentals: The US Dollar Index (DXY) is nearing the 98.800 daily resistance while facing headwinds from the ongoing US government shutdown. Extended fiscal uncertainty and a weakening DXY backdrop strengthen the bullish case for EURUSD.
Next move: Watching price reaction at 1.16100 for potential bullish continuation — sustained buying pressure here could pave the way for a move toward recent highs.
Trade safe,
Joe.
DXY Watching 98.800 Resistance as Shutdown Risks Weigh on DollarHey Traders, in today’s trading session we are monitoring DXY for a potential selling opportunity around the 98.800 zone. The Dollar Index remains in a broader downtrend and is currently in a correction phase, with price approaching a key daily resistance area.
Structure: The market has been forming lower highs, consistent with bearish momentum. The 98.800 level aligns with both structural resistance and trendline rejection zones.
Fundamentals: The ongoing US government shutdown continues to pressure sentiment around the Dollar. The longer the impasse persists, the higher the risk of fiscal strain and downside pressure on the USD.
Next move: Watching how price reacts around 98.800 — a rejection here could confirm further downside continuation in line with the prevailing trend.
Trade safe,
Joe.
Gold $4,000 in sight ahead of FOMC minutesGold smashed through to new all-time highs as fundamental catalysts aligned with a technical breakout. Let's break down the historic rally and critical levels ahead.
🚀 Historic Rally Drivers
Government Shutdown Impact : Week 2 of US shutdown delays jobs data, Fed flies blind into Oct 29 meeting
Fed Rate Cut Certainty : 95% odds October cut, 85% December follow-up as dollar weakness accelerates
Safe Haven Surge : Goldman warns $5,000 possible if Treasury flows shift to gold amid Fed independence threats
Technical Breakout: 48% YTD gain (strongest since 1979), ascending channel violation confirms new cycle but rejection could trigger short-term pullback
📊 Technical Analysis
Current Price : $3,950 (new ATH), RSI 70 - overbought but momentum intact
Channel Proximity : Clean breakout above long-term ascending channel signals price discovery mode
Fibonacci Targets : $3,930 (78.6% extension) immediate, $4,000-$4,015 (100% extension) cycle targets confirmed
🎯 Critical Trading Levels
Resistance Zones : $3,950-$3,975, $4,000-$4,015 (psychological/Fibo)
Support Structure : $3,895 (double top support), $3,865 (Fibo extension), $3,800 (major psychological)
📅 Key Events This Week
Wednesday: FOMC minutes (dovish bias expected)
Thursday: Powell speech (rate cut guidance)
Ongoing: Shutdown impact on economic data flow
💹 Trading Scenarios
Bullish Continuation : Above $3,930, target $3,975 then $4,000+
Profit-Taking Risk : Watch for rejection at $3,950, support test at $3,895
Medium-term Breakout : Buy pullbacks to $3,850-$3,875, stops below $3,800
Gold enters a parabolic phase driven by monetary policy uncertainty and geopolitical risk. $4,000 becoming probability rather than possibility. October is historically the strongest month for precious metals, so trend acceleration is likely.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
$SPY / $SPX Scenarios — Week of Oct 6 → Oct 10, 2025 🔮 AMEX:SPY / SP:SPX Scenarios — Week of Oct 6 → Oct 10, 2025 🔮
🌍 Market-Moving Headlines
🚩 Shutdown overhang: Some data (Trade, Jobless Claims, Budget) remain at risk of delay; markets lean on Fed tone instead.
📉 Fed-heavy week: Nearly every regional president and governor is on deck — tone from Powell (Thu) + FOMC Minutes (Wed) = the core catalyst.
💻 Earnings prep: Q3 pre-announcements begin — NASDAQ:AAPL NASDAQ:MSFT NASDAQ:NVDA remain leadership barometers.
💵 Rates & positioning: 10Y yields and USD remain key drivers into mid-month CPI/PPI stretch.
📊 Key Data & Events (ET)
Mon 10/6
⏰ 5:00 PM — Jeff Schmid (Kansas City Fed) speech
Tue 10/7
⏰ 🚩 8:30 AM — U.S. Trade Deficit (Aug)
⏰ 3:00 PM — Consumer Credit (Aug)
🗣️ Fed Speakers — Bostic (10:00), Bowman (10:05, 8:35, 8:45), Miran (10:45, 4:05), Kashkari (11:30)
Wed 10/8
⏰ 🚩 2:00 PM — FOMC Minutes (September Meeting)
🗣️ Fed Speakers — Musalem (9:20), Barr (9:30, 5:45), Kashkari (3:15), Goolsbee (7:15)
Thu 10/9
⏰ 🚩 8:30 AM — Initial Jobless Claims (Oct 4)
⏰ 🚩 8:30 AM — Fed Chair Powell remarks (opening keynote)
⏰ 10:00 AM — Wholesale Inventories (Aug)
🗣️ Fed Speakers — Bowman (8:35, 8:45, 3:45), Kashkari + Barr (12:45), Daly (4:10, 9:40 PM)
Fri 10/10
⏰ 🚩 10:00 AM — Consumer Sentiment (Prelim, Oct)
⏰ 2:00 PM — U.S. Federal Budget (Sept)
🗣️ Fed Speakers — Goolsbee (9:45)
⚠️ Disclaimer: Educational/informational only — not financial advice.
📌 #trading #stockmarket #SPY #SPX #Powell #FOMC #Fed #joblessclaims #tradebalance #consumerconfidence #shutdown #bonds #Dollar #megacaps #economy
Gold Near Records on Shutdown JittersFundamental approach:
- Gold climbed this week on safe-haven bids as the US government shutdown froze key data releases, amplifying uncertainty and driving a bid for defensives.
- Softer ADP private payrolls and an ISM manufacturing print that remains in contraction supported bullion near record highs, with a softer dollar and easing Treasury yields boosting the appeal of non‑yielding assets.
- Multiple independent outlets pointed to shutdown‑driven risk aversion, higher odds of Fed easing after weak ADP, and lingering geopolitical and policy risks as catalysts for stronger bullion demand.
Technical approach:
- Technically, XAUUSD is hovering near all‑time highs with no clear reversal signal; price holds well above key EMAs, underscoring strong upside momentum.
- A clean breakout to new highs could open the door toward the confluence area of 4015-4045, where substantial profit-taking may emerge.
- Failure to clear the peak increases the risk of a pullback toward support around 3770, where buyers may reassess the trend's strength.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
$SPY / $SPX Scenarios — Friday, Oct 3, 2025🔮 AMEX:SPY / SP:SPX Scenarios — Friday, Oct 3, 2025 🔮
🌍 Market-Moving Headlines
🚩 NFP risk — but delayed: September Employment Report, unemployment rate, and wages won’t publish if shutdown continues. Markets will run on positioning + PMIs instead.
📉 Labor vacuum: Absence of NFP could amplify volatility as traders trade on speculation.
💬 Fed-heavy Friday: A parade of Fed speakers guides tone into weekend positioning.
📊 Key Data & Events (ET)
⏰ 6:05 AM — John Williams (NY Fed) speech
⏰ 8:30 AM — Austan Goolsbee (Chicago Fed) TV appearance
🚩 At Risk of Delay (shutdown):
• 8:30 AM — Employment Report (Sep): Nonfarm Payrolls, Unemployment Rate, Avg. Hourly Earnings
✅ Still Publishing:
⏰ 9:45 AM — S&P Final Services PMI (Sep)
⏰ 10:00 AM — ISM Services (Sep)
🗣️ Fed Speakers:
• 9:30 AM — Stephen Miran (Fed Gov, TV)
• 1:30 PM — Lorie Logan (Dallas Fed)
• 1:40 PM — Philip Jefferson (Fed Vice Chair)
• 3:30 PM — Stephen Miran (Fed Gov, TV)
⚠️ Disclaimer: Educational/informational only — not financial advice.
📌 #trading #stockmarket #SPY #SPX #NFP #jobs #Fed #Powell #shutdown #ISM #PMI #bonds #Dollar #economy
Gold Sell Cont.Gold reached a low of 3819 yesterday during NY opening. Gold rebounded to a critical resistance zone at 3864. Bulls seem to be struggling as an instance rejection occurred. I believe gold will continue lower to the support zone of 3800 where I will look for a break downward. Or a rebound back towards 3880 if the 3800 support fails. If 3750 fails we may see a dramatic increase in sell pressure.
- Goodluck, this is not financial advice.
What data releases are at risk from the shutdown? The US dollar came under renewed pressure this week as the federal government entered its first shutdown in nearly seven years.
The shutdown, expected to last at least three days, means traders should not expect the September nonfarm payrolls (NFP) report this week. This key release, often one of the most closely watched on the calendar (by traders and the Federal Reserve), will now be delayed until government operations resume.
Other reports likely to be delayed or canceled include:
Wednesday, 8 October: FOMC Minutes
Wednesday, 15 October: Core and headline CPI inflation
Thursday, 16 October: Producer Price Index (PPI)
Thursday, 16 October: Retail sales
Friday, 17 October: Housing starts
All Aboard XRPI think from here we have built a pretty strong support around $2.94-$3. I expect crypto to take over the gold rally as the treasury looks into creating a digital asset reserve first starting with bitcoin. The government shutdown should give boost to this initial rally.
-This is not financial advice good luck!






















