Market Fundamental Analysis by RoboForex

[RBFX Support]

Tech rally drives Wall Street higher: US 30 at the trendline

The US 30 index is hovering around 51,512.20 after US indices rose in the previous session. A pause in rising yields and strong performance in the technology sector are supporting the market; however, the index has approached a key descending resistance trendline. 

US 30 forecast: key takeaways

• The S&P 500 and Nasdaq reached new record highs in the previous session, while the Dow gained 0.49% amid strong demand for technology stocks
• A pause in the rise in Treasury yields eased pressure on the market, but investors are still awaiting the minutes of the latest Federal Reserve meeting
• US 30 forecast for 7 October 2026: 52,073.50

Fundamental analysis

US stock index futures are little changed on Wednesday after a strong previous session. On Tuesday, the S&P 500 rose 0.58%, the Nasdaq Composite gained 0.45%, with both indices closing at record highs. The Dow Jones added 0.49%.

The technology sector was once again the main driver of the rally. Among semiconductor companies, AMD rose 2.8%, Marvell Technology gained 5.8%, and Broadcom advanced 3.7%.

RoboForex Market Analysis & Forex Forecasts

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

Edited Wednesday at 12:43 PM by RBFX Support

[RBFX Support]

XAUUSD edges lower despite demand from global central banks

XAUUSD quotes could hit a new all-time low set this summer, currently trading at 4,126 USD. 

XAUUSD forecast: key takeaways

• Demand for gold from central banks worldwide remains strong
• US government bond yields continue to rise
• XAUUSD forecast for 8 October 2026: 3,995

Fundamental analysis

The main negative factor for gold at present is the sharp rise in US government bond yields. Long-term US Treasury yields have climbed to their highest levels in roughly two decades.

Central banks worldwide continued to increase their gold reserves in August, with net purchases totalling 39 tonnes. 

RoboForex Market Analysis & Forex Forecasts

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

Edited yesterday at 08:57 AM by RBFX Support

[RBFX Support]

US Tech rises as expectations of a Federal Reserve rate hike decline

The US Tech index maintains its upward momentum, supported by declining expectations of a Federal Reserve rate hike. The price currently stands at 31,016.

US Tech forecast: key takeaways

• The yield on 30-year US Treasuries reached 5.618%, the highest level since 2000
• The US services PMI stood at 58.8

Fundamental analysis

The published services PMI data indicates that the US economy continues to expand at a strong pace. The actual reading came in at 58.8 points versus the forecast of 58.7 points and the same reading in the previous period. The index remains well above the 50-point threshold that separates expansion in economic activity from contraction. 

Yesterday, the US Treasury placed 30-year Treasury bonds worth a total of 22 billion USD. The auction yield reached 5.618%, the highest level since August 2000.

RoboForex Market Analysis & Forex Forecasts

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

Edited 59 minutes ago by RBFX Support