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📊 USDCAD consolidates ahead of employment reports The Canadian dollar (CAD) traded within a very narrow range yesterday and finished the day essentially unchanged against the U.S. dollar (USD). 👉 Possible effects for traders USDCAD has been rising almost uninterruptedly since the end of September 2024, driven by less dovish monetary policy of the Federal Reserve (Fed) and growing fears about possible economic tensions between the U.S. and Canada. Yesterday, investors grew more worried about the threat of U.S. trade tariffs. Still, USDCAD is currently below its multi-year high set on 3 January, when Donald Trump threatened to impose a 25% tariff on imports from Canada. 'Looking at the broader rebound in the USD, tariffs look like the culprit here again as Trump mulls over emergency legislation with regard to implementing tariffs. This has boosted the USD across the board', said George Davis, chief technical strategist at RBC Capital Markets. Another bearish factor for the loonie has been the performance of crude oil, one of Canada's major exports. Crude oil price has lost some of its recent gains after large builds in U.S. fuel inventories reported last week. As for the monetary policy, the Bank of Canada (BOC) is projected to pursue a more dovish monetary policy than the Fed. Investors expect the Canadian benchmark rate to decline towards 2.75% by June 2025, while the Fed's base rate is projected to remain within the 4–4.25% range over the same period. Earlier today, USDCAD was relatively unchanged during the Asian and early European trading sessions. Today, the volatility in all USD pairs is likely to be relatively low as most American markets will be closed for the National Day of Mourning. The market awaits important reports that may provide clues on the prospects of additional interest rate cuts by the Fed and the BOC tomorrow. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

USDCAD, 1-hour timeframe chart USDCAD rebounded from the support level of 1.43720 👉General outlook USDCAD has been trading in a sideways market within the last day. The pair moved down to the support level of 1.43720. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 1.43797. Set your stop loss at 1.43578 below the previous low ($2.19 loss for 0.01 lot) and take profit at 1.44016 ($2.19 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

USDJPY, 30-minute timeframe chart USDJPY broke the resistance level of 158.300 👉Level explanation USDJPY broke the resistance level of 158.300 👉Possible scenario The best way to use this opportunity is to place a Buy order at 158.400. Set your stop loss at 157.900 below the previous low ($3.15 loss for 0.01 lot) and take profit at 159.100 ($4.43 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.4. 👉Fundamental factors The U.S. Jobless Claims report will be released in a few hours and could affect this trade. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

GBPJPY, 30-minute timeframe chart GBPJPY rebounded from the support level of 196.890 👉Level explanation GBPJPY has been trading in a bearish trend within the last day. The pair moved down to the support level of 196.890. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 196.934. Set your stop loss at 196.258 below the previous low ($4.27 loss for 0.01 lot) and take profit at 197.609 ($4.27 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

BTCUSD, 30-minute timeframe chart BTCUSD pulled back from the resistance level of 96,100.00 👉Level explanation BTCUSD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 96,100.00. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 95,815.73. Set your stop loss at 96,965.68 above the previous high ($11.5 loss for 0.01 lot) and take profit at 94,663.18 ($11.5 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 traders await important U.S. data Gold (XAU) rose by 0.49% during yesterday's trading session. The price attempted to break above the $2,660 resistance level but failed to rise further. 👉 Possible effects for traders Over the past few weeks, gold prices have continued to grow. Key drivers of the bullish trend include uncertainty surrounding the tariff policies of the newly elected U.S. president, fears of a potential trade war, and geopolitical tensions. A softer risk sentiment should limit a possible decline in the price of precious metals. President-elect Donald Trump's administration recently denied reports that it would adopt a less aggressive approach to tariffs, which may have affected market expectations. Yesterday, the Institute for Supply Management (ISM) Services Purchasing Managers' Index (PMI) data for December showed a rise in PMI numbers towards 54.1, significantly impacting the market. As a result, the U.S. dollar (USD) strengthened sharply, increasing by 0.18% within one hour after the data release. The data indicates continued stability in the U.S. economy and supports the possibility of smaller interest rate reductions by the Federal Reserve (Fed) in 2025. Today, traders will be waiting for the release of two important reports: the ADP Employment report at 1:15 p.m. UTC and the FOMC Meeting Minutes data at 7:00 p.m. UTC. These reports will play a crucial role in defining the movements of the U.S. dollar and gold. XAUUSD may break above the resistance level at $2,660 if the data is weaker than expected or retrace back to the support level at $2,630 if the reports are strong. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🚀 The euro declines following U.S. economic reports The euro (EUR) fell by 0.47% on Tuesday, extending its fall after the recent publication of the U.S. JOLTS and Services Purchasing Manager's Index (PMI) reports. The data suggests that the Fed will likely slow the pace of rate cuts this year. 👉 Possible effects for traders The U.S. data showed that the number of job openings unexpectedly increased in November while the hiring process slowed. The number of job openings rose by 259,000 towards 8.098 million, and the number of hires decreased by 125,000 towards 5.269 million. Meanwhile, U.S. services sector activity accelerated and increased towards 54.1 in December from 52.1 in November. The strong PMI data indicates accelerating inflation. ‘The most surprising aspect of the report was the rise in the prices paid index, which reached an eleven-month high of 64.4 in December compared to 58.2 in November’, said Dave Rosenberg, the founder and president of Rosenberg Research. He suggested higher transportation costs or delivery charges during the holiday season could contribute to the rise. Still, EURUSD gained some momentum following Tuesday's Eurostat data, which indicated a rise in eurozone inflation up from 2.2% in November towards 2.4% in December. Simultaneously, a survey conducted by the European Central Bank revealed that eurozone households increased their inflation expectations in November. EURUSD was moving sideways within a relatively narrow range of 1.03400–1.03550 during Asian and early European trading hours. Market participants await the publication of the U.S. FOMC Meeting Minutes at 7:00 p.m. UTC today, which may provide the market with more data about the U.S. monetary policy in 2025. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🚀 Strong U.S. data pressures the British pound On Tuesday, the British pound (GBP) declined by 0.34%, following a relatively stable labour market and resilient services sector U.S. data. This means that the Federal Reserve (Fed) will likely slow the pace of its interest rate reduction. 👉 Possible effects for traders U.S. data showed that the number of job openings unexpectedly increased in November while hiring slowed. According to the Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS), job openings rose by 259,000 towards 8.098 million on the last day of November. However, hires dropped by 125,000 towards 5.269 million, and layoffs changed slightly to 1.765 million. At the same time, activity in the U.S. services sector accelerated in December, while a measure of prices paid for inputs neared a two-year high, pointing to elevated inflation. The non-manufacturing Purchasing Managers' Index (PMI) from the Institute for Supply Management increased towards 54.1 in December from 52.1 in November, indicating strong demand. ‘The data definitely supports a pause from the Federal Reserve this month’, said Helen Given, FX trader at Monex USA. ‘It's likely that the Fed will sit back and wait to cut further, at least until March’, he added. Investors are also considering whether the tariff policies implemented by the incoming president, Donald Trump, will align with his previous campaign rhetoric. Market participants are considering a scenario where the implementation of broad-based tariffs could lead to increased U.S. inflation. This scenario could lower the chances of a dovish Fed policy and more rate cuts this year, strengthening the U.S. dollar (USD). Investors wonder if Trump's administration intends to revise some of its previous promises regarding tariff measures, as there remains significant uncertainty regarding future changes in U.S. policies. GBPUSD experienced low volatility during Asian and early European trading hours. Market participants are preparing for the U.S. FOMC Meeting Minutes today at 7:00 p.m. UTC. The report may give more clues about the future path of the U.S. interest rates. 📲 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 8 January. 🔥 Don't forget to get a 100% deposit bonus!

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This year will bring its own mix of opportunities and challenges for traders. 💡 After the election: The impact of U.S. policies will dominate 2025. 📉 Dollar’s peak? The greenback remains strong but might be nearing overvaluation. 📊 AI drives stocks: AI adoption is set to fuel tech, energy, and utilities growth. ✨ Gold shines bright: With $3,000 per ounce on the horizon, gold remains a key hedge against risks. 📈 Crypto risks & rewards: Bitcoin’s rally might face a correction in 2025. #2025Outlook

XAUUSD, 30-minute timeframe chart XAUUSD broke the resistance level of 2,645.00 👉Level explanation XAUUSD 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 2,646.00. Set your stop loss at 2,637.00 below the previous low ($9.00 loss for 0.01 lot) and take profit at 2,658.00 ($12.00 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 📲 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 7 January. 🔥 Don't forget to get a 100% deposit bonus!

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BTCUSD, 30-minute timeframe chart BTCUSD rebounded from the support level of 98,750.00 👉Level explanation BTCUSD has been trading in a bullish trend within the last day. The pair moved down to the support level of 98,750.00. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 99,400.00. Set your stop loss at 97,800.00 below the previous low ($16.00 loss for 0.01 lot) and take profit at 101,000.00 ($16.00 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

GBPJPY, 15-minute timeframe chart GBPJPY retested the support level of 196.900 👉General outlook GBPJPY has been trading in a bullish trend within the last day. The pair moved down to the support level of 196.900. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 196.950. Set your stop loss at 196.500 below the previous low ($2.87 loss for 0.01 lot) and take profit at 197.400 ($2.87 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

EURUSD, 1-hour timeframe chart EURUSD retested the resistance level of 1.03580 👉Level explanation EURUSD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 1.03580. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.03536. Set your stop loss at 1.04031 above the previous high ($4.96 loss for 0.01 lot) and take profit at 1.03040 ($4.96 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 plunges due to strong U.S. economic data Gold (XAU) decreased by 0.7% on Friday due to better-than-expected U.S. economic data and strengthening U.S. dollar (USD). 👉 Possible effects for traders On Friday, the Institute for Supply Management (ISM) published the data on the index of business activity in the manufacturing sector. The index rose towards 49.3 in December, up from 48.4 in November. The number was higher than expected by experts and analysts and helped strengthen the U.S. dollar during Friday's trading session. Thus, XAUUSD decreased as the appeal of safe haven gold decreased. The geopolitical tensions in the Middle East and its dynamic could contribute to a shift in the market demand for gold. On Sunday, Israel and Hamas discussed the possibility of ending the conflict and releasing the hostages. However, the conflict continues to unfold, and Palestinian officials stated that the Israeli airstrikes over the weekend resulted in the loss of more than 100 people. Thus, escalating tensions will support the demand for XAUUSD, while a truce and the end of the conflict will put downward pressure on gold. During the Asian session, XAUUSD continued to decline, pulling back from the resistance level of $2,640. The pair may continue its downward movement today. Market participants anticipate the price to decline towards $2,620 and even lower. Alternatively, the price may attempt to break above the $2,640 resistance level, although this is unlikely. Markets now await the release of U.S. labour data on Friday, which may determine XAUUSD's trend. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🚀 EURUSD rises ahead of the eurozone CPI report The euro (EUR) grew by 0.41% on Friday as market participants awaited important economic data releases this week, including the eurozone inflation data on Tuesday and the U.S. nonfarm payroll (NPF) report on Friday. 👉 Possible effects for traders Investors now await the much-anticipated U.S. NFP data on Friday, which is expected to offer further insight into the state of the world's largest economy. This week, several Federal Reserve (Fed) officials will also give speeches, likely reiterating their previous statements that the battle against inflation isn't over. Additionally, the uncertainty surrounding the policies of the incoming Donald Trump administration has enhanced the U.S. dollar as a safe haven asset for investors. Given that the inauguration of President-elect Trump is scheduled for 20 January, markets are approaching the incoming administration with caution due to uncertainties regarding potential plans for tariffs, tax cuts, and immigration restrictions. Still, the U.S. dollar strengthened in anticipation of the new government. Meanwhile, the outlook on the euro is weaker and may be affected by U.S. reports and news. This year, the European Central Bank (ECB) is expected to implement more rate cuts than the Federal Reserve (Fed). Traders anticipate that the ECB will reduce its base rate by 100 basis points (bps) by the end of the year, with a slight possibility of 50 bps of reductions from the Fed. Other factors influencing EURUSD currency include uncertainties such as the ongoing budget discussion in France and forthcoming elections in Germany. EURUSD was growing during Asian and early European trading hours. Today, the German Consumer Price Index (CPI) data comes out at around 1:00 p.m. UTC. A higher-than-expected reading should be taken as bullish for the EUR, while lower data may trigger a bearish correction in the pair. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH