Hey traders, Ezekiel here. New month, new quarter, and the post-Fed rally is still standing. Let’s see where things sit as Q4 kicks off and what’s worth watching from here.
- Today’s market mayhem. S&P 500, EUR/USD, Bitcoin, and XAU/USD at a glance
- A new quarter opens, stocks took a breather while the dollar held near its highs
- Weak US data trimmed bets on more Fed hikes, easing some pressure on risk assets
- Bitcoin carried its post-hike momentum into October, holding above $84K
- A 25-year trader’s embarrassingly simple 2-hour-a-day strategy, ideal if you can’t watch screens all day, in our featured video
WEEKLY MARKET MAYHEM🔥
A strong Q3 is in the books. Here’s how the board looks as the fourth quarter begins. 📈
A New Quarter Opens with Stocks Catching Their Breath.
Q3 goes down as a strong quarter, and Q4 opened with a pause rather than a push. The S&P 500 eased about 0.25% to 7,652, and the Dow slipped 0.86%, a reasonable breather after the post-Fed run higher. 📈
Under the hood there was actually some good news, softer US economic data trimmed bets on further Fed hikes, taking a little pressure off risk assets. But the dollar didn’t get the memo. With “higher for longer” still the official stance, EUR/USD slid to 1.1316, the euro’s weakest level since August. 💵
Gold felt the strong-dollar squeeze too, drifting down near $4,182 after a choppy few weeks. 🪙
🤔 Asia Forex Mentor Insights
A pullback after a strong month isn’t a warning sign, it’s how healthy trends breathe. The question that matters now is why the data is softening, if it’s cooling inflation, that’s risk-positive, if it’s cracks in growth, that’s a different story. Watch the next few prints closely.
For EUR/USD, the trend is still your friend and the trend is down, a firm dollar plus a tightening Fed keeps the euro heavy. Keep trading with the dollar until the data forces the Fed to blink. 📊
Bitcoin Carried Its Momentum into “Uptober” at $84K.
Crypto walked into October still standing tall. Bitcoin is holding around $84,253, up about 1% on the day and roughly 11% higher since the Fed hike knocked it to $75.6K back on September 16. The relief rally has turned into genuine follow-through. 🚀
The timing has traders excited, because October carries the “Uptober” nickname for a reason, it has historically been one of Bitcoin’s strongest months. Pair that with cooling Fed-hike bets and you’ve got a constructive setup. 🟢
Sentiment reflects it, the Fear & Greed Index sits at 72, holding comfortably in greed without tipping back into the extreme-greed zone from a couple of weeks ago. 💰
🤔 Asia Forex Mentor Insights
Seasonality is a tailwind, not a trade, it tilts the odds but it doesn’t set your entry. What matters is that Bitcoin has held its reclaimed levels and momentum is intact, so the bias stays up while $80K holds. 🧠
The discipline is the same as it’s been all month, greed in the low-70s says don’t chase. Let the excited money buy the highs, you want to accumulate on dips toward support with defined risk. A strong month is a gift to patient traders, not a reason to abandon the plan. 📊
MEMES OF THE DAY 🤣
Discipline vs. the dopamine 🏎
Famous last words 🤡
