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Stock market analytics, financial forecasts

Forexmart's Market Analysis section provides up-to-date information about the financial market. The overviews are intended to give you an insight into current trends, financial forecasts, global economic reports, and political news that influence the market.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Forecast for EUR/USD on October 7, 2022
22:55 2022-10-06 UTC--4
Exchange Rates analysis

Yesterday the euro successfully overcame the support of 0.9855 and rushed towards the support of 0.9724. The euro is declining even faster than its growth in recent days. Consolidation under 0.9724 opens the 0.9520 target. Marlin Oscillator fixed in negative territory.

The US employment data for September will be released today. The forecast for new jobs in the non-agricultural sector is 250,000, which is a very good indicator with an unemployment rate of 3.7%. The markets are seriously tuned in to such data, as yesterday all dollar assets fell in price, including commodities and stocks.

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The price is preparing to attack the support of the MACD line on the four-hour chart. The MACD line itself is approaching the target level of 0.9724, so the price level is of key importance. The Marlin Oscillator is developing in the downward trend area.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.