Last week saw mixed market performance, with USD/JPY gaining 72 pips (+0.46%), EUR/USD dropping 120 pips (-1.05%), gold falling 3.36%, and Bitcoin rising 0.53%. This week, traders will focus on the October 7 FOMC Minutes, US economic data, Treasury yields, and geopolitical tensions for fresh opportunities across forex, gold, oil, Bitcoin, and NVIDIA. 

Previous Week’s Market Recap

Forex: USD/JPY was the strongest major pair, rising from around 157.28 to 158.00, gaining approximately 72 pips (+0.46%), as higher U.S. Treasury yields and persistent dollar strength kept the yen under pressure. EUR/USD was the weakest major pair, falling from around 1.1375 to 1.1255, losing about 120 pips (-1.05%), while GBP/USD declined from around 1.3211 to 1.3195, slipping roughly 16 pips (-0.12%).

Metals: Gold was the strongest major precious metal, recovering from its sharp Monday sell-off but ultimately falling from around $4,287 to $4,143 per ounce, losing approximately $144 (-3.36%). Silver was weaker, sliding more than 6% to around 60.42–60.50, as elevated Treasury yields, a firm dollar and higher-for-longer Fed expectations pressured precious metals.

Energy: Oil markets remained highly volatile. WTI crude moved from around $92.41 to $91.11, falling approximately $1.30 (-1.4%), while Brent declined from around $104.32 to $102.25, losing about $2.07 (-2.0%). Prices came under pressure toward the end of the week as recovering Middle Eastern export flows and discussions around releasing crude and fuel stockpiles eased some supply concerns.

Crypto: Bitcoin was relatively resilient, rising from around $83,867 to $84,308, gaining approximately $441 (+0.53%) for the week. BTC initially fell toward $83,231 on September 28 before recovering above $84,000 as the week progressed.

Stocks: NVIDIA (NVDA) was the strongest among the selected major stocks, rising approximately 3.95% to close at $233.95, supported by continued AI-related demand and renewed investor interest following its major buyback authorization. META was comparatively weaker, falling approximately 3.14% to $728.08, giving back part of its strong September advance.

Indices: U.S. major indices delivered mixed results. The Nasdaq Composite was the strongest U.S. major index, gaining approximately 0.45% to close at 27,190.86, while the S&P 500 fell 0.27% to 7,722.72 and the Dow Jones Industrial Average declined 1.26% to 51,176.96. The Nikkei 225 was notably stronger, rising from 66,363.98 to 68,309.24, gaining approximately 2.93% as Japanese equities recovered.

Important Events This Week:

FOREX : USDJPY

Forex markets will focus on the FOMC Minutes on Wednesday 7th, US ISM Services PMI on Monday and US Trade Balance on Tuesday. Fed speakers, Treasury yields and geopolitical developments could drive further USD/JPY volatility. 

USDJPY

USD/JPY is testing key support around 157.75. A break and hold above 159.09 could support a BUY toward 160.14, with SL 157.75 and RR around 1:0.8. A rejection from 159.09 could trigger a SELL toward 153.90, with SL 160.14 and RR around 1:5.0. A break below 157.75 would strengthen the bearish outlook toward 153.90. Always apply risk management. 

METALS : XAUUSD ( GOLD )

Gold will be driven mainly by the FOMC Minutes, Fed rate expectations and US Treasury yields. A dovish Fed tone could support gold, while a stronger dollar and higher yields may pressure prices. Geopolitical tensions remain an additional safe-haven driver. 

Gold (XAU/USD) is testing key support around 4,110.17. A break and hold above 4,273.09 could support a BUY toward 4,468.91, with SL 4,110.17 and RR around 1:1.2. A rejection from 4,273.09 could trigger a SELL toward 4,054.17, with SL 4,468.91 and RR around 1:1.1. A break below 4,110.17 would strengthen the bearish outlook toward 4,077.27–4,054.17. Always apply risk management. 

ENERGY : USOIL 

Oil markets will remain focused on OPEC+ supply policy, Middle East tensions and Strait of Hormuz risks. Supply disruptions and developments involving Iran and Gulf exports could keep crude prices highly volatile. 

WTI Crude Oil (USOIL) is testing key support around 89.04. A break and hold above 93.44 could support a BUY toward 99.61, with SL 89.04 and RR around 1:1.5. A rejection from 93.44 could trigger a SELL toward 86.53, with SL 99.61 and RR around 1:1.1. A break below 89.04 would strengthen the bearish outlook toward 86.53, with 83.89 as a further downside level. Always apply risk management. 

CRYPTO : BTCUSD ( BITCOIN )

Bitcoin will react to Fed policy expectations, the FOMC Minutes, Treasury yields and dollar strength. ETF flows, institutional demand and overall risk sentiment will also influence BTC this week. 

Bitcoin (BTC/USD) is testing key resistance around 86,520. A break and hold above 86,520 could support a BUY toward 101,400, with SL 81,367 and RR around 1:2.9. A rejection from 86,520 could trigger a SELL toward 77,322, with SL 89,500 and RR around 1:2.4. A break below 81,367 would strengthen the bearish outlook toward 77,322–74,481. Always apply risk management. 

STOCKS : NVIDIA 

NVIDIA will remain sensitive to AI-chip demand, Treasury yields and technology-sector momentum. Investors will also monitor developments surrounding its $12.93 billion Hugging Face acquisition and the beginning of Q3 earnings season. 

NVIDIA (NVDA) is testing key resistance around 236.72. A break and hold above 236.72 could support a BUY toward 265.91, with SL 226.62 and RR around 1:2.9. A rejection from 236.72 could trigger a SELL toward 218.68, with SL 240.00 and RR around 1:5.5. A break below 226.62 would strengthen the bearish outlook toward 218.68–213.11. Always apply risk management.