(By ATFX Analyst Team)
Key Takeaways
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Global Market Review 10/08/2026
U.S. equities rose Friday as weak payrolls dampened rate‑hike bets. Weekly gains: S&P 500 +3.58%, Nasdaq +5.19%, Dow +2.96%.
Dollar index ‑0.35% to 99.61, down for second week.
Gold +2%, hitting seven‑week highs, weekly +7% (largest since Jan 19).
Traders assessed the latest Middle East news on the Strait reopening. WTI crude fell over 1% Friday.
Key Events Today:
- 07:50 BoJ Summary of Opinions **
- 16:30 EU Sentix Investor Confidence AUG **
August 11
- Japan Holiday
- 12:30 RBA Interest Rate Decision ***
- 13:30 RBA Press Conference ***
- 22:00 US Existing Home Sales JUL **
Markets Analysis 10/08/2026
- Resistance: 1.1581 / 1.1595
- Support: 1.1533 / 1.1518
EUR/USD rebounded on Friday, hitting highs since June 17, supported by weak U.S. payrolls and softer Fed expectations.
Analyst View: Attempting a breakout from last week’s range. Watch resistance 1.1580–1.1600.
Bias: Mildly bullish
- Resistance: 1.3516 / 1.3558
- Support: 1.3449 / 1.3416
GBP/USD rose on Friday, the biggest weekly gain in over a week, briefly breaking 1.3500.
Analyst View: Twice failed to hold above 1.3500. If unable to break, expect consolidation within prior range.
Bias: Range trading
- Resistance: 159.40 / 160.05
- Support: 156.57 / 155.89
In early Asia trade, USD/JPY rose above 158. BoJ summary showed divisions between holding rates and faster hikes. Weak U.S. payrolls may cap upside.
Analyst View: Recovered after breaking 158/157 Friday. Resistance at 158.50 remains. Likely to consolidate within last week’s range.
Bias: Range consolidation
- Resistance: 82.13 / 83.61
- Support: 75.80 / 74.34
Oil remained pressured on Friday amid hopes of the Strait reopening, but rebounded Monday.
Analyst View: Facing 10‑day MA resistance. Without headlines, likely stuck below $80.
Bias: Weak trading
- Resistance: 4355 / 4384
- Support: 4262 / 4232
- Resistance: 65.28 / 66.56
- Support: 61.02 / 60.02
Gold surged over $100 on Friday, best weekly performance since January, on a weaker dollar, falling oil, and softer Fed expectations.
Analyst View: Slight pullback Monday, but above $4,300 could attract more buying. Watch resistance above $4,380.
Bias: Short‑term bullish
- Resistance: 54,377 / 54,583
- Support: 53,708 / 53,498
Dow rose on Friday, with modest gains, closing above 54,000 after weak payrolls.
Analyst View: Markets are still digesting the NFP report, if Dow sustains above 54,000, it may test record highs.
Bias: Short‑term bullish
- Resistance: 30,203 / 30,548
- Support: 29,110 / 28,770
Nasdaq +1.3% on Friday, lifted by weak payrolls and SpaceX rally post lock‑up expiry.
Analyst View: NFP will keep driving volatility, focus on resistance near 29,900–30,000.
Bias: Mildly bullish
- Resistance: 65,677 / 66,224
- Support: 64,006 / 63,317
U.S. nonfarm payrolls fall, weakening Federal Reserve rate‑hike forecasts. Bitcoin rose slightly yesterday, hitting late‑July highs, but closed flat for two days.
Analyst View: Momentum slowing, consolidating above MAs. A break above $66k is needed to break the range.
Bias: Mildly bullish
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