H4 chart of the USD/CAD Forex Pair , showing a nice falling wedge formation:

What is happening with the Loonie exchange rate? This is what we are going to tell you now! Below you will find the H4 chart of the USD/CAD Forex Pair, showing a nice falling wedge formation:

    

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As you see, in Friday the USD/CAD price broke the blue falling wedge formation in bullish direction. The breakout is visualized with the red circle on the image. Now the Loonie is probably facing a new bullish attitude.

Since we have a falling wedge chart pattern during a bearish trend, we expect an increase of the price equal to the size of the formation. This is shown with the black arrows on the image above.

The USD/CAD Forex exchange rate is currently situated around 1.4053 CAD for one USD. If the Price starts a movement after the falling wedge chart figure, we might see the price reaching  a weekly high around 1.4216.

Maybe it is time to start thinking long now?

During the overlap with the London session we expect an important inflation

New York Session

During the overlap with the London session we expect an important inflation-related release from Germany and more PMI from the USA:

1. German CPI (MoM) (Dec) | Germany
2. Manufacturing PMI (Dec) | United States
3. ISM Manufacturing Employment (Dec) | United States
4. ISM Manufacturing PMI (Dec) | United States

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‪#‎Crude_Oil‬ Tuesday :The week’s first oil-related macroeconomic release is:

‪#‎API‬ Weekly ‪#‎Crude_Oil_Stock‬
The American Petroleum Institute (API) reports inventory levels of US crude oil, gasoline and distillates stocks on a weekly basis. The figure shows how much oil and product is available in storage.The API Weekly Crude Oil Stock indicator gives an overview of US petroleum demand. Higher stock implies weaker demand or oversupply and it is bearish for crude prices, while lower stock implies higher demand and it is bullish for oil prices. While it is nearly impossible to predict the actual reading of the release, the event can be used for the timing component of a trading strategy for the instrument.
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U.S. exports are on track to decline this year for the first time since the financial crisis.

• U.S. exports are on track to decline this year for the first time since the financial crisis.
• Saudi’s Aramco offers further discounts to Asia & the US
• USD: US Non-manufacturing PMI expected to slip – TDS
• EURUSD upside potential capped – Rabobank
• UK's Osborne says there a lot of risks in world economy

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Oil Falls 1% as Demand Doubts Rise -
Oil prices fell around 1 percent on Friday, heading for a weekly decline, as weaker-than-expected U.S. economic data weighed on the energy demand outlook and Hurricane Joaquin veered away from oil installations in the U.S. East Coast.

Gold Rises After NFP Stumble and Palladium Surge : 
Gold held the biggest advance in almost nine months after figures showed that U.S. payrolls rose less than expected and wages stagnated, reducing the possibility of an interest rate increase this year.


Trade Setups in USD-pairs around September US NFPs -
Talking Points: ST EURUSD triangle begins to break lower; $1.1085 critical support. USDJPY remains rangebound, although NFPs could change that. See the DailyFX economic calendar for Thursday, October 1, 2015.

Global stocks mostly lower. Investors await Yellen's speech for fresh clues on the Fed’s plan to raise rates

Stocks pared morning losses, but still ended moderately lower ahead of Yellen's speech:

U.S. stocks dropped but pared their steepest intraday declines, as worries over slowing global growth lingered.

Dollardips before Yellenspeech-Thursday's markets news so far

Dow futures were briefly down more than 150 points, while S&P 500 and Nasdaq futures also traded lower.

Treasury yields held lower, with the 2-year yield at 0.68 percent and the 10-year yield at 2.10 percent.
The U.S. dollar traded lower against major world currencies, with the euro at $1.125 and the yen at 119.4 yen against the greenback.

Stocks remain stuck in low gear following a late-August selloff, and last week’s decision by the Federal Reserve to keep rates near zero affirmed investors’ fears that growth had hit a rough patch.

The S&P 500 lost 6.52, or 0.3%, to 1932.24, while the Nasdaq Composite shed 18.27, or 0.4%, to 4734.48.

Bond prices rose, sending the yield on the 10-year Treasury note falling to 2.125% from 2.144% Wednesday.

U.S. stocks have generated wide swings in recent sessions since a late-August slide sent major indexes into “correction” territory, which is marked by a decline of 10% or more from a recent peak.

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AUD/USD continued its fall and hit the round number

AUD/USD continued its fall and hit the round number. It actually dipped below the 70 cent number, but the break is far from being confirmed.

Will it be carried lower by global gloom or can it recover?

This is basically an extension of the fall seen yesterday, that was triggered by the weak Chinese data. The independent Caixin manufacturing PMI for September deteriorated to a new low: 47 points, the lowest since the crisis.

In Australia we didn’t have much to trigger this. Yesterday’s CB Leading Index came out at +0.3% and the next piece of meaningful news comes only next week. Nevertheless, weakness in commodity prices and commodity currencies is affecting the Aussie.

The fall so far only reached 0.6988. A confirmation is still awaited. The next level on the downside is the round 0.69. A lot depends on the global mood.

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European stocks reversed earlier losses to close higher Wednesday

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European stocks reversed earlier losses to close higher Wednesday, with worries about an economic slowdown in China offset by a strong open on Wall Street. France's CAC 40 was up by 13.76 points to 4,554.92 and Germany's DAX 30 gain 32.48 points to 10,048.05. FTSE 100 also managed to close at 6,083.31 with net gain of 24.77. US stocks ended higher on Wednesday, rebounding from two days of losses. The Dow Jones 30 gain 293.03 points to 16,351.38, while the S&P 500 and the Nasdaq 100 also gain 35.01 and 113.90 points to 1,948.86 and 4265.23 respectively. Asian markets traded on mix today. Japan’s Nikkei 225 which is only index traded on green note and up by 148.23 points to 18,243.63. Other Asian index like Hong Kong’s Hang Seng 50 Index is off today and Australia’s S&P/ASX 200 closed at negative note.

Index	Value	Net Change
Dow30	16,351.38	+293.03
S&P500	1,948.86	+35.01
NASDAQ100	4256.23	+113.9
DAX 30	10,048.05	+32.48
FTSE100	6,083.31	+24.77
CAC 40	4,554.92	+13.76
Nikkei225	18,243.63	+148.23
S&P/ASX200	5,041.50	-59.96
Hang Seng50	20,934.94	0.00

SUMMARY:

Major trend of Dow Jones 30 is bearish on daily charts. It has given upside recovery in last week trading session. It is again showing good recovery from lower level. It is likely to give northward movement in upcoming session as it has give closing below 50 DMA and trading with resistance of 200 DMA on hourly chart. On lower side it has support level of 16100. If it manages to sustain above 50 DMA and gives break out above 200 DMA then it would bring a strong confidence to reach 16700. Currently it is having resistance of 16400.

INDICATOR:-

RSI is about to cross up the 50 mark on hourly chart time frame. On ADX is likely to move up with strong accumulation on chart. ADX trading above 35 mark. If it sustain above the same then index would come in positive territory with positive DI has crossed up negative DI . 

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Leverage is a financial tool that permits an individual to increase their market exposure to a point that exceeds their actual investment. For example, a trader goes long 10000 units of the USD/JPY, with $1,000 dollars of equity in their account.

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$AUDCAD Looking Weak On Charts !

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SUMMARY :- 

The major trend of AUD/CAD is sideways, but from last few days prices are trading in consolidation only. In its hourly chart prices are near the support and If the pair breaks the support of 0.9652 then we can expect it to test the level of 0.9620 in today's session. 

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AUD/CAD ( HOURLY )

$AUDCAD CHARTS

STRATEGY:- 

For Today AUD/CAD is looking weak on chart. We can expect negative movement for few upcoming session. One can go for sell on rise strategy for this pair for intra day  positions. 

PIVOT POINTS :-

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1377	1.1383	1.1390	1.1396	1.1403	1.1409	1.1416
GBP/USD	1.5356	1.5375	1.5389	1.5408	1.5422	1.5441	1.5455
USD/JPY	118.15	118.30	118.47	118.62	118.78	118.94	119.10
USD/CHF	0.9298	0.9306	0.9312	0.9320	0.9326	0.9334	0.9340
AUD/USD	0.7736	0.7747	0.7756	0.7767	0.7776	0.7787	0.7796
EUR/GBP	0.7376	0.7382	0.7391	0.7397	0.7406	0.7412	0.7421
USD/CAD	1.2429	1.2436	1.2445	1.2452	1.2461	1.2468	1.2477
NZD/USD	0.7454	0.7462	0.7470	0.7478	0.7486	0.7494	0.7502

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