Forex Analysis

The UAE saw investor refunds climb to AED 12 billion as the number of licensed financial firms rose 43%, signaling stronger regulatory enforcement.

Gold is testing critical $4,000 support with a pattern of lower highs and lows. A break below could open the door to the 100-week MA near $3,870.

The US and Israel have drawn up specific plans for renewed strikes on Iran after the midterm elections. Oil markets face elevated geopolitical risk.

GBPUSD completed a textbook 5-wave Elliott Wave pattern from the 1.3677 peak. Wave ((v)) hit the target zone, triggering a sharp impulsive rally.

XLE completed a zigzag correction into the $61.81–$59.98 Blue Box zone before rallying above $66.41, targeting $67.72–$69.81.

US CPI data and French political turmoil headline the week. Australian jobs, UK data, and Q3 bank earnings add to market volatility.

WTI crude slips toward $89 as rising Gulf export flows weigh on prices. Middle East tensions and a developing Gulf storm keep supply risks alive.

USD/JPY traded sideways below 159.02 last week. Bias stays neutral, with key levels at 160.38 resistance and 152.87 support.

ECB President Lagarde's dovish remarks widened SOFR-ESTR spreads and tempered October rate hike expectations, increasing downside risk for EUR/USD.

iFX Hack Hong Kong 2026 is a free, one-day AI and fintech hackathon at HKU on 4 October. Top 7 teams advance to iFX EXPO Asia 2026.

US and Chinese officials wrapped up New York trade and AI talks with procedural progress. No tariff rates or truce extension have been confirmed yet.