Market Recap: Fed Decision and NFP Trigger Big Moves in EURUSD, Nasdaq, and Gold

Last week delivered a double dose of macro catalysts: Wednesday’s FOMC statement and press conference, followed by Friday’s Non-Farm Payrolls (NFP). Together, these events injected volatility into major markets. Here’s our structured review — and how our predefined levels continue to hold relevance.

🏛️ Fed Recap: Hawkish Pause, Dollar Strength

During Wednesday evening’s press conference, Fed Chair Powell reinforced a data-dependent stance, keeping rates steady but firmly avoiding any dovish shift. The tone was interpreted as mildly hawkish, especially in light of persistent inflation pressures.

Market reaction?

The US Dollar Index (DXY) rebounded sharply.
EURUSD fell aggressively to the 1.1400 region, validating our prior note that 1.1440 is a key structural support.

🔗 As outlined in our previous article:
👉 https://fxeqtrading.com/eurusd-momentum-shifts-new-target-1-1960/

While our broader outlook still targets 1.1960, this price action highlights the importance of risk management. As we always say at FXEQ Trading Limited:

“You may be wrong on the day — but with proper trade management and directional conviction, the strategy wins over time.”

🟡 Gold (XAUUSD): Dips Get Bought

Gold slipped to the 3,270s during FOMC-related dollar strength — precisely testing a well-identified buy zone we shared earlier.

By Friday, after a softer-than-expected NFP report, XAUUSD bounced back above 3,360, confirming that the dip was a tactical opportunity, not a structural breakdown.

🔗 Revisit the full gold thesis:
👉 https://fxeqtrading.com/%f0%9f%9f%a1-gold-xauusd-technical-outlook-focus-remains-on-3250-3270-support-zone/

📉 NASDAQ 100: Volatility Followed by Structure

NASDAQ came under pressure midweek during Powell’s remarks, but corporate earnings on Thursday brought relief — pushing the index as high as 23,700.

By Friday, however, the NFP-led reversal dragged the index back to 22,750, well within our flagged correction zone. This reinforces our earlier outlook — that a pullback toward 22,250 is part of a broader rebalancing phase.

🔗 See the original analysis here:
👉 https://fxeqtrading.com/%f0%9f%93%89nasdaq-100-update-holding-above-23250-focus-shifts-to-22250-support/

🎯 Trading Outlook: Direction > Perfection

The key takeaway from the week is simple:

You don’t have to be right every day — you have to be aligned with structure and manage risk consistently.

Here’s how we see things shaping up:

EURUSD: Watching for a gradual move back toward 1.1830, with the medium-term target set at 1.1960.
NASDAQ: Still viewing 22,250 as a healthy correction zone and potential re-entry level.
Gold: We maintain our bullish bias, expecting a move back toward the 3,450 region in the coming weeks.

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