A Week in the Market: There are More Risks (9-13 October)

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/10/09.10.2023-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="A Week in the Market: There are More Risks (9-13 October)" decoding="async" style="margin-bottom: 15px;" loading="lazy" /></div><p>Stock market turbulence remains at a high level. While <a href="https://blog.roboforex.com/blog/2019/10/22/trading-news-how-to-earn-on-interest-rates/" data-internallinksmanager029f6b8e52c="90" title="Interest rate">interest rate</a> spreads caused primary concern last week, global risk aversion will add to worry this week.</p>

<h2>GBP/USD: the pound is cautious of risks</h2>

<figure><img decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/11/gbp-2.jpg" alt="GBP/USD: the pound is cautious of risks" class="wp-image-6221" srcset="https://blog.roboforex.com/wp-content/uploads/2020/11/gbp-2.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/11/gbp-2-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/11/gbp-2-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The Bank of England will release the minutes of its last meeting, and the central bank&rsquo;s Financial Policy Committee is set to make a statement this week. The UK is gearing up to release reports on industrial production and the <a href="https://blog.roboforex.com/blog/2019/10/29/trading-news-how-to-make-money-on-gdp/" data-internallinksmanager029f6b8e52c="93" title="GDP">GDP</a> for August. The GDP still reacts slightly to the statistics and strongly to the risk attitude.</p>

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<h2>EUR/USD: the US dollar is on the rise</h2>

<figure><img decoding="async" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2019/12/eurusd-1200×627.jpg" alt="EUR/USD: the US dollar is on the rise" class="wp-image-2431" srcset="https://blog.roboforex.com/wp-content/uploads/2019/12/eurusd.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2019/12/eurusd-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2019/12/eurusd-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>Monday is a holiday in the US. This week, the US is set to publish statistics on the producer price index and <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> for September and the University of Michigan consumer sentiment index for October. The minutes of the Fed&rsquo;s last meeting will also be released. The USD maintains the status of a beneficiary of a large-scale outflow of investments caused by risk aversion.</p>

<p>The euro, in turn, is maintaining a weak position. Along with the industrial production data, the eurozone is to publish a report on the Sentix investor confidence index for October where the <a href="https://blog.roboforex.com/blog/2019/11/19/top-10-forex-indicators-that-every-trader-needs/" data-internallinksmanager029f6b8e52c="99" title="Indicators">indicators</a> are expected to decrease. The minutes of the ECB&rsquo;s previous meeting will also be made available to the public. The <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR</a> exchange rate remains weak due to the market&rsquo;s risk aversion and the interest rate differential between the ECB and the Fed.</p>

<h2>AUD/USD: China&rsquo;s support for the Aussie</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/10/aud-1.jpg" alt="AUD/USD: China’s support for the Aussie" class="wp-image-5846" srcset="https://blog.roboforex.com/wp-content/uploads/2020/10/aud-1.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/10/aud-1-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/10/aud-1-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>Australia is set to release statistics on consumer and business confidence. In both cases, the figures may drop below the previous values. Coming back from vacation, China may provide support for the <a href="https://roboforex.com/beginners/info/charts/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD</a>.</p>

<h2>USD/JPY: the yen continues to weaken</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/06/jpy-1200×627.jpg" alt="USD/JPY: the yen continues to weaken" class="wp-image-4431" srcset="https://blog.roboforex.com/wp-content/uploads/2020/06/jpy.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/06/jpy-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/06/jpy-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The <a href="https://roboforex.com/beginners/info/charts/forex/usdjpy/" data-internallinksmanager029f6b8e52c="40" title="USD/JPY">JPY</a> may resume its devaluation, but the market is cautious at the moment with the focus currently on data about bank lending and the producer price index in Japan.</p>

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<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a rel="nofollow" href="https://blog.roboforex.com/blog/2023/10/09/a-week-in-the-market-there-are-more-risks-9-13-october/">A Week in the Market: There are More Risks (9-13 October)</a> appeared first at <a rel="nofollow" href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>