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📊 Gold bounces back after Wednesday's sell-off Gold (XAU) price rose by just 0.24% during a very volatile trading session on Thursday. This modest increase followed the release of U.S. economic data that strengthened beliefs that the Federal Reserve (Fed) will adopt a more gradual approach to monetary policy easing in the upcoming year. 👉 Possible effects for traders Initially, XAUUSD rallied strongly and broke above $2,620, but the stronger-than-expected U.S. Gross Domestic Product (GDP) report and labour data reinforced market expectations of a cautious approach by the Fed to rate cuts in 2025. Thursday's macroeconomic reports showed that the U.S. economy expanded faster than expected in Q3, while jobless claims fell more than anticipated. Investors currently price in only a 44% chance that U.S. interest rates will decline by another 25 basis points (bps) by mid-2025. Still, a massive sell-off in gold, which took place on Wednesday, has been viewed as an opportunity to go long. 'The short-term dip in gold presented a good buy-in opportunity for long-term stackers. You have the looming debt problem, the potential government shutdown, and we're already seeing the posture of the new administration in terms of trying to cut the expenses and minimise the deficits', said Alex Ebkarian, chief operating officer at Allegiance Gold. XAUUSD was rising slightly during the Asian and early European trading sessions. Today, the main focus is on the latest U.S. inflation figures. The U.S. Bureau of Economic Analysis will publish the Personal Consumption Expenditure (PCE) report at 1:30 p.m. UTC. Given its potential to influence interest rates expectations and investors' sentiment, we expect sharp price movements in various financial instruments, including XAUUSD. Higher-than-expected results will likely bring the gold price down towards $2,575. Lower-than-expected figures will probably pull XAUUSD towards $2,620. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 EURUSD is under pressure as Fed and ECB rate cut expectations diverge The euro (EUR) gained 0.1% against the U.S. dollar (USD) as the greenback continued to hover near a two-year high after the latest macro data supported the case for fewer rate cuts by the Federal Reserve (Fed) in 2025. 👉 Possible effects for traders A fundamental bearish trend in EURUSD remains intact. After a stronger-than-expected reading on U.S. Gross Domestic Product (GDP) in Q3 and a smaller-than-expected increase in weekly unemployment claims, traders have lost faith in imminent rate cuts by the Fed. They now expect only one 25-basis-point (bps) rate cut over the next six months. Meanwhile, the market expects the European Central Bank (ECB) to deliver four rate cuts by mid-June 2025. This massive divergence in monetary policy expectations between the ECB and the Fed continues to exert downward pressure on EURUSD. 'Since the election, interest rate expectations in the U.S. have gone up, but outside the U.S., they've gone down whether you look at ECB or most other central banks. And that leads to dollar strengthening as those interest rate differentials widen in favour of the U.S. So I think you should expect more dollar strengthening because I don't believe the interest rate markets or the currency markets have fully priced in the implications of tariffs', said Ronald Temple, chief market strategist at Lazard in New York. At the same time, the economic picture in the eurozone remains murky. Yesterday's data revealed that consumer sentiment in Germany remains weak, while the eurozone current account surplus has declined towards a 10-month low. EURUSD was rising slightly during the Asian and early European trading sessions. Today's main event is the release of U.S. inflation figures. The U.S. Bureau of Economic Analysis will publish the Personal Consumption Expenditure (PCE) report at 1:30 p.m. UTC. The data may affect interest rates expectations and investors' sentiment, causing increased volatility in many financial instruments, including EURUSD. Higher-than-expected results will likely drag EURUSD towards 1.03300. Otherwise, the pair will likely rise towards 1.04000. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 BTCUSD declines following the Fed officials' comments BTCUSD fell by 8.35% after the Federal Reserve (Fed) cut the interest rate by 25 basis points (bps) and highlighted fewer rate cuts in 2025 than was previously expected. This has caused investors to shift away from riskier assets like cryptocurrencies and U.S. stocks, triggering a big sell-off. 👉 Possible effects for traders Beth Hammack, the President of the Cleveland Fed, voted to maintain interest rates at their current level. This decision was based on concerns about inflation, which is still above the 2% target and is expected to remain above this level until at least 2027. Jerome Powell, Chairman of the Fed, addressed this issue in a press conference on 18 December. He emphasised that the central bank doesn't own Bitcoin and has no intention of attempting to influence its legal status. Regarding the legal aspects of Bitcoin, Powell stated: 'That is a matter for Congress to decide, but the Federal Reserve is not seeking any changes'. Following his remarks, BTCUSD began to decline after a long upward trend fuelled by the election of Donald Trump in November. The increase in demand for Bitcoin was primarily driven by expectations that the government might adopt a more laissez-faire approach to assets used primarily for speculation rather than for real-world transactions. Donald Trump has indicated a desire to establish a U.S. strategic reserve of Bitcoins. However, he hasn't provided specific details on how this would be accomplished. Senator Cynthia Lummis, in a proposal, has suggested establishing such a reserve through legislation. Her plan calls for the Treasury Department to purchase 200 bitcoins annually until a total of one million are acquired. Fed deposits and gold reserves would be used to fund this initiative. BTCUSD trades sideways within the $96,000–$98,000 range during Asian and early European trading hours. Today, the U.S. Personal Consumption Expenditures (PCE) Price Index report comes out at 1:30 p.m. UTC. Stronger-than-expected data may trigger a further decline, while milder data may support BTCUSD. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

USDCAD, 30-minute timeframe chart USDCAD formed a bearish Three Black Crows pattern 👉General outlook USDCAD has been under selling pressure within the last couple of hours. Now, the price displays a bearish Three Black Crows pattern. The price is ready to drop. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.43770. Set your stop loss at 1.43985 above the previous high ($2.15 loss for 0.01 lot) and take profit at 1.43493 ($2.77 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.29. The upcoming news will not influence your orders within the mentioned period. Some traders may close their positions on Friday, which can add more pressure to the market. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

AUDUSD, 15-minute timeframe chart AUDUSD broke the resistance level of 0.62430 👉Level explanation AUDUSD has been under buying pressure within the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 0.62470. Set your stop loss at 0.62320 below the previous low ($1.50 loss for 0.01 lot) and take profit at 0.62720 ($2.50 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.67. The upcoming news will not influence your orders within the mentioned period. Some traders may close their positions on Friday, which can add more pressure to the market. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

USDJPY, 15-minute timeframe chart USDJPY broke the support level of 157.00 👉Level explanation USDJPY has been under selling pressure within the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 156.800. Set your stop loss at 157.400 above the previous high ($3.82 loss for 0.01 lot) and take profit at 156.000 ($5.11 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.33. The upcoming news will not influence your orders within the mentioned period. Some traders may close their positions on Friday, which can add more pressure to the market. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

#economic_calendar These events may affect the market on 20 December. 🔥 Don't forget to get a 100% deposit bonus!

GBPJPY, 30-minute timeframe chart GBPJPY retested the resistance level of 198.820 👉Level explanation GBPJPY has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 198.820. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 198.393. Set your stop loss at 199.531 above the previous high ($7.26 loss for 0.01 lot) and take profit at 197.254 ($7.26 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 Gold plunged after the Fed rate cut and officials' comments Gold (XAU) dropped by 2.3% on Wednesday after the Federal Reserve (Fed) cut the interest rates and decided to pause reductions next year due to high inflation pressure. 👉 Possible effects for traders The U.S. dollar (USD) surged against major currencies as the Fed cut the base rate as expected, also signalling a slowdown in its monetary easing approach. The Fed now projects it will implement only two 25-basis-point (bps) rate cuts by the end of 2025. 'I believe we are in a favourable position, but I think we are entering a new phase, and we will proceed with caution regarding further reductions', Powell stated during a press conference. 'The Fed was more aggressive than we expected, but today's shift in policy guidance aligns with our view of a prolonged pause by the Fed at the beginning of 2025', Prashant Newnaha, a senior Asia-Pacific rates strategist at TD Securities, commented. 'The most significant surprises were concentrated in the inflation projections. They reinforce the idea that higher inflation will persist for an extended period', he added. XAUUSD was rising during Asian and early European trading hours, regaining 1.2% after yesterday's losses. Technically and fundamentally, the asset still remains in a bearish trend. Today, the U.S. Initial Jobless Claims report may significantly influence the dynamics of the precious metal. Higher-than-anticipated data may trigger bullish momentum in XAUUSD, while softer data will ignite further downward correction. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 Fed signals a pause in rate cuts, driving EURUSD lower The euro (EUR) plunged by 1.31% against the U.S. dollar (USD) on Wednesday after the Federal Reserve (Fed) announced an expected interest rate cut but signalled a slower pace of future easing. 👉 Possible effects for traders The Fed lowered its benchmark policy rate by 25 basis points (bps) towards the 4.25–4.5% range, with officials signalling that they would likely pause future rate cuts next year given a stable labour market and sticky inflation. The yield of U.S. 10-year Treasuries rose towards 4.446%, hitting a four-week high and pulling the U.S. Dollar Index (DXY) above the 108.000 mark. 'The Fed increased its core inflation forecast and adjusted dot plot, so rate cuts are being priced out, and I think we have one more rate cut priced in for next year, and that's less than it was before', said Axel Merk, president and chief investment officer at Merk Hard Currency Fund. A strong bearish trend in EURUSD has reemerged with an even stronger momentum. Bears are now targeting 1.02950, and even a parity level seems possible in the midterm. Investors expect the Fed to lower its base rate towards the 4–4.25% range by mid-June 2025, while the European Central Bank (ECB) will likely cut its rate by more than 50 bps over the same period. This divergence in monetary policy expectations between the ECB and the Fed continues to act as a major bearish factor for EURUSD. EURUSD was rising slightly during the Asian and early European trading sessions. Today, the main focus is on the number of U.S. macroeconomic releases. Weekly Jobless Claims and Gross Domestic Product (GDP) final estimates are due at 1:30 p.m. UTC. Stronger-than-expected figures may push EURUSD below 1.03315. Worse-than-expected numbers may have a disproportionately stronger impact on EURUSD and push it above 1.04500, as the greenback seems overbought and overvalued in the short term. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 USDCAD renewed the March 2020 high On Wednesday, the Canadian dollar (CAD) fell towards a near-five-year low against the U.S. dollar (USD) as the Federal Reserve's (Fed) hawkish guidance boosted the greenback. 👉 Possible effects for traders The U.S. dollar surged against major currencies after the Fed announced the anticipated rate cut and indicated a slowdown in its monetary policy easing. The Fed's projection for interest rates suggests a median funds rate of 3.875% at the end of 2025, up from the previous projection of 3.375%, indicating only two 25 basis point rate cuts next year. 'We believe this decision marks the beginning of a prolonged pause by the FOMC, although it may be too early to state this explicitly', said Nick Rees, a senior analyst for Monex Europe's foreign exchange market. 'We now anticipate that U.S. rates will remain unchanged, at least until the first half of 2025. If this is the case, a shift in market expectations should support the dollar's upward trajectory in the coming months', he added Domestic political instability has affected the Canadian dollar, adding to the challenges posed by U.S. trade tariffs and the Bank of Canada's aggressive interest rate cuts. 'The demand for protection against a decline in the value of the Canadian dollar has skyrocketed', said Karl Schamotta, chief market strategist at Corpay. The implied volatility of options contracts for buying or selling the Canadian dollar against the U.S. dollar in the next three months has reached its highest since April 2023—approximately 6.6, up from 4.5 in July. The currency reached a low of 1.46670, last seen in March 2020. Canadian bond yields have increased across the curve, mirroring the movements in U.S. Treasury yields. The 10-year yield has risen by 8.2 basis points, reaching 3.224%. USDCAD declined towards the 1.44300 support level during Asian and early European trading hours, retracing some upward movement from yesterday. Today, the U.S. Jobless Claims report comes out at 1:30 p.m. UTC and may affect the pair. Stronger-than-expected data may put some pressure on USDCAD, while soft data may support a further rally. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

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BTCUSD, 15-minute timeframe chart BTCUSD broke the resistance level of 101,350.00 👉Level explanation BTCUSD has been under buying pressure within the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 101,450.00. Set your stop loss at 100,250.00 below the previous low ($12.00 loss for 0.01 lot) and take profit at 102,950.00 ($15.00 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.25. The upcoming news will not influence your orders within the mentioned period. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

#economic_calendar These events may affect the market on 19 December. 🔥 Don't forget to get a 100% deposit bonus!

BTCUSD, 15-minute timeframe chart BTCUSD tested the resistance level of 105,350.00 👉Level explanation BTCUSD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 105,350.00. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 105,000.00. Set your stop loss at 106,950.00 above the previous high ($19.50 loss for 0.01 lot) and take profit at 103,050.00 ($19.50 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

Stay informed and trade in the Octa app. 📅 The event The Federal Reserve will announce its interest rate decision on Wednesday at 7:00 p.m. UTC, followed by a press conference at 7:30 p.m. UTC. Traders expect a 25-bps rate cut. Also, Jerome Powell’s commentary on 2025 monetary policy will be critical, especially with Trump’s tariff plans which could stoke inflation. Should Powell hint at more rate cuts and a weaker economic outlook, XAUUSD may rise. If his tone is hawkish, XAUUSD may drop. 💡 Trading idea XAUUSD is trading sideways, so look for both buying and selling opportunities. 🔹 Place pending buy-limit orders if there’s a bearish reaction. 🔹 Place pending sell-limit orders if the reaction is bullish. 📊 Key levels to monitor 🔹 Support: 2,640 – 2,637, and 2,610 🔹 Resistance: 2,663 – 2,667, and 2,700 #Trading #Forex #MarketUpdates #Gold #XAUUSD

GBPJPY, 30-minute timeframe chart GBPJPY retested the resistance level of 195.340 👉Level explanation GBPJPY has been under selling pressure within the last couple of hours. The pair moved up to the resistance level of 195.340. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 194.828. Set your stop loss at 195.671 above the previous high ($5.49 loss for 0.01 lot) and take profit at 193.984 ($5.49 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 Gold dips as investors anticipate gradual rate cuts by the Fed Gold (XAU) price dropped by 1.23% on Tuesday due to the strengthening U.S. dollar (USD) and rising Treasury yields as investors increasingly expect only gradual rate cuts in 2025. 👉 Possible effects for traders The U.S. Retail Sales report released yesterday added some bearish pressure on XAUUSD. The report showed that retail sales rose by 0.7% in November amid an acceleration in motor vehicle purchases, signalling that inflation may remain elevated. Thus, data suggested that the Federal Reserve (Fed) could pause rate cuts in January. XAUUSD was relatively unchanged during the Asian and early European trading sessions. Fed will announce its interest rate decision today at 7:00 p.m. UTC. Traders expect the central bank to cut its base interest rate by 25 basis points (bps). However, the main focus will be on Fed Chair Jerome Powell's commentary as market participants try to get more clues on the U.S. monetary policy path for 2025, especially in the light of President-elect Donald Trump's tariff plan, which economists say would stoke further inflation. The Fed will also release its latest economic projections and the dot plot, providing valuable insights into the central bank's future policy direction. Typically, the market moves not because of the decision itself but because of the new details revealed in the FOMC Statement and during the press conference, due at 7:30 p.m. UTC. If the Fed downgrades its economic forecast and Jerome Powell hints that more rate cuts are coming, XAUUSD will rise. If the FOMC Statement includes better economic assessments and Jerome Powell makes hawkish statements or sounds less dovish than the market expects, XAUUSD may drop significantly. ‘Spot gold may retest support at $2,633 per ounce; a break could trigger a drop into the $2,613 to $2,623 range’, said Reuters analyst Wang Tao. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 The U.S. economy's strength pressures the euro The euro (EUR) lost 0.2% against the U.S. dollar (USD) on Tuesday as the greenback strengthened against most major currencies following better-than-expected retail sales data. 👉 Possible effects for traders Yesterday's U.S. Retail Sales report indicated that the underlying economic momentum in the U.S. is resilient, defying expectations of a slowdown. Strong economic data, coupled with expectations of potentially rising inflation from Donald Trump policies, leads investors to expect fewer rate cuts from the Federal Reserve (Fed) in 2025. At the same time, the U.S. Dollar Index (DXY) is already just 1% below a two-year high, meaning that many bullish factors are already priced in. 'The market is trying to debate whether it's time to fade the dollar, which has had an incredible run this year. But it seems hard to really push back against U.S. exceptionalism and a stronger dollar going into the new administration, whether we're talking about a Fed that will probably not seem as dovish as did in September or the challenges that keep popping up in the emerging and developed markets that make the dollar a safe haven', said Marvin Loh, senior global market strategist at State Street. At the same time, the European Central Bank (ECB) has explicitly stated that more rate cuts are highly likely. 'If the incoming data continue to confirm our baseline, the direction of travel is clear, and we expect to lower interest rates further', Christine Lagarde, the ECB President, said in a speech in Vilnius. By mid-2025, investors expect U.S. interest rates to be in the 4–4.25% range and anticipate the ECB to reduce borrowing costs towards just 2% over the same period. This divergence in monetary policy expectations between two central banks continues to exert a bearish pressure on EURUSD. EURUSD was rising slightly during the Asian and early European trading sessions. Today, the main focus is on the Fed's interest rate decision due at 7:00 p.m. UTC. Attention is also on the Fed's updated economic projections and the dot plot, which could shift expectations for the rate trajectory through 2025 and 2026. If the FOMC statement adds hawkish details, EURUSD will likely fall below the important 1.04500 level. Conversely, dovish rhetoric by Jerome Powell may temporarily pull the pair towards 1.05770. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH