ATG WORLD Marketing analysis for October 1

    *EUR/USD*

    EUR/USD suffers biggest monthly loss since July 2019.EUR/USD dropped in September, ending a four-month losing streak. 

    Risk-on weighs over the dollar and lifts EUR/USD on Thursday. The ECB's plan to adopt average inflation targeting could cap 

    the upside in the euro.

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    *GBP/USD*

    GBP/USD teases eight day top above 1.2900 ahead of UK Manufacturing PMI.GBP/USD prints mild gains after snapping 

    a three month rise in September. Brexit optimism, US dollar weakness helps cable to battle the virus woes. Tory government 

    now has the sweeping powers to control COVID-19, EU’s Barnier sounds optimistic off-late.

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    *USD/JPY*

    USD/JPY welcomes October with mixed clues above 105.00.USD/JPY bounces off 105.40 following its declines from 12-day 

    high the previous day. Stimulus talks combat political uncertainty and virus woes. Japan’s Tankan Large Manufacturing Index 

    dropped to -27 in Q3. Stocks trading halted due to a technical problem at exchanges.

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    *AUD/USD*

    AUD/USD: Bears are back in town for a irresistible trade setup.AUD/USD has bolted from yesterday's analysis leaving little 

    left on the table for bulls seeking a discount. The pair gave back some ground but not enough of a discount to warrant a 

    favourable risk to reward trade setup.

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    *USD/CAD*

    USD/CAD: 50-day EMA on bears’ radar.USD/CAD stays depressed near one-week low after multiple failures to cross 100-day 

    EMA. The loonie pair marked the heaviest losses in three weeks the previous day after taking a U-turn from 100-day EMA for 

    the fifth time in the last one week.

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    *XAU/USD*

    Gold's upside capped by bearish 10-day SMA.Gold is again struggling to take out the descending or bearish 10-day simple 

    moving average (SMA), having failed to keep gains above the SMA hurdle on Wednesday. The metal tested the 10-day SMA 

    at $1,891 a few minutes ago and is now trading near $1,888 per ounce. 

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    *WTI CRUDE OIL*

    WTI: A bid-upmarket runs into a cluster of resistance levels.WTI has triggered the bear's appetite in a supply zone. Market 

    structure is expected to contain the bullish price action and focus remains on the downside. The price has broken to the upside 

    convincingly, which is not ideal, especially considering it has closed above the entry area between 39.67/99 (structure).

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    *IMPORTANT DATA*

    USD-ISM Manufacturing PMI