Using Pivot Points For Entry & Price Projections

The EUR/USD pair snaps its four-day losing streak during the early Asian session on Monday. Market participants will digest the outcome of the Federal Reserve (Fed) meeting last week and await the US Core Personal Consumption Expenditure (PCE) index data due on Thursday. 

The GBP/USD pair posted its third consecutive weekly decline, continuing a bearish trend that began in mid-July. Since then, it has fallen from near 1.3100 to 1.2232, reaching the lowest level since March on Friday. 

Gold price recovers its recent losses near $1,924 during the early Asian trading hours on Monday. Meanwhile, the US Dollar Index (DXY), a measure of the value of USD relative to a basket of foreign currencies, recorded its tenth consecutive weekly gain and hovers around 105.55.

Worldcoin price has paused its uptrend as it currently trades at $1.57. This move comes after the altcoin rallied a whopping 77% in just three days, between September 13 and 16. As WLD hovers aimlessly, investors need to be patient to catch the next volatile move. 

PCE inflation to grab attention on Friday as Fed signals higher for longer. But markets might be more worried about a government shutdown. Eurozone flash CPIs will also be the in the spotlight on Friday. Chinese PMIs to be watched for recovery signs.