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#economic_calendar These events may affect the market on 24 January. 🔥 Don't forget to get a 100% deposit bonus!

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EURUSD, 1-hour timeframe chart EURUSD tested the support level of 1.04000 👉Level explanation EURUSD has been trading in a sideways market for the last couple of hours. The pair moved down to the support level of 1.04000. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 1.04000. Set your stop loss at 1.03680 below the previous low ($3.20 loss for 0.01 lot) and take profit at 1.04320 ($3.20 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

XAUUSD, 30-minute timeframe chart XAUUSD rebounded from the support level of 2,750.00 👉General outlook XAUUSD has been trading in a sideways market for the last couple of hours. The pair moved down to the support level of 2,750.00. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 2,753.20. Set your stop loss at 2,743.80 below the previous low ($9.40 loss for 0.01 lot) and take profit at 2,762.60 ($9.40 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 remains in an uptrend The gold (XAU) price rose 0.39% and almost reached a three-month high on Wednesday despite the slightly strengthening U.S. dollar (USD). 👉 Possible effects for traders XAUUSD has been on a clear uptrend over the past week, largely due to the uncertainty around U.S. President Donald Trump's policy plans. Investors fear his policies could trigger trade wars and elevate market volatility. 'There are uncertainties with proposed tariffs and other things, and gold typically does well when there's a large or even a moderate amount of uncertainty in the market, it's a natural place where people gravitate to', said Ryan McIntyre, senior portfolio manager at Sprott Asset Management. Trump administration was discussing imposing a 10% tariff on goods imported from China and a 25% on Mexican and Canadian goods. The combination of new trade and immigration policies is widely seen as inflationary, potentially forcing the Federal Reserve (Fed) to maintain high interest rates for an extended period to control rising prices. As a result, the market has a rather hawkish view of the Fed's monetary policy and prices in a single 25-basis point rate cut in 2025. While a hawkish Fed exerts downward pressure on gold, the profound uncertainty about the future of global trade creates anxieties about economic growth and market stability. Worries over the state of the global economy seem more influential, potentially driving investors towards gold as a safe-haven asset despite higher interest rates. XAUUSD was relatively unchanged during the Asian and early European trading sessions. Today, investors should focus on U.S. Jobless Claims, due at 1:30 p.m. UTC. Weaker-than-expected figures might extend the underlying bullish trend in XAUUSD, while stronger-than-expected results may provoke a pullback towards $2,730. In addition, traders should pay attention to Donald Trump's speech at Davos at 4:00 p.m. UTC. He might lay out his vision for the global economy's future, which could create some volatility in the market. 'Spot gold still targets a range of $2,719 to $2,728 per ounce, as suggested by its wave pattern and the bearish divergence on the hourly RSI,' 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

📊 Monetary policy divergence pressures the euro The euro (EUR) lost 0.21% against the U.S. dollar (USD) on Wednesday as the greenback rebounded from a three-week low. 👉 Possible effects for traders Investors continue to await concrete announcements about U.S. President Donald Trump's tariff plans. Because these policies have an inflation risk and may force the Federal Reserve (Fed) to maintain restrictive monetary policy, traders are unwilling to sell USD. Meanwhile, several European Central Bank (ECB) officials advocated for further rate cuts on Wednesday. Thus, a 25-basis-point (bps) reduction next week is almost guaranteed, with additional cuts expected, marking a clear divergence from the Fed's more cautious stance. According to Reuters, markets are pricing in a roughly 96% chance for a rate cut of at least 25 bps by the ECB at its policy meeting next week. As for the eurozone economy, it still doesn't show convincing signs of sustained recovery, hampered by persistent structural issues, weak global demand, and lingering uncertainties. Tuesday’s data revealed another drop in German ZEW Economic Sentiment. EURUSD was virtually unchanged during the Asian and early European trading sessions. Today, investors should focus on the U.S. Jobless Claims report, due at 1:30 p.m. UTC. Weaker-than-expected figures might push EURUSD above 1.04430, while stronger-than-expected results may provoke a downward correction towards 1.03550. In addition, traders should pay attention to Donald Trump's speech at Davos at 4:00 p.m. UTC. He might give more details about his plans and outlook on the global economy's future, which could create some volatility in 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

📊 Strong U.S. dollar continues to pressure the Japanese yen The Japanese yen (JPY) lost 0.66% against the U.S. dollar (USD) on Wednesday as the greenback rebounded from a three-week low. 👉 Possible effects for traders Like other currencies, JPY is under pressure from the persistent strength of the U.S. dollar, driven by the Federal Reserve's (Fed) hawkish stance on monetary policy and the relative resilience of the U.S. economy. Furthermore, the Bank of Japan's (BOJ) ultra-loose monetary policy contrasts sharply with the relatively restrictive measures implemented by other central banks in advanced economies. USDJPY experienced above-normal volatility during the Asian and early European trading sessions but generally continued increasing. Strong volatility may be due to market players bracing for an expected interest rate hike from the BOJ at its monetary policy meeting tomorrow. At around 4:00 a.m. UTC, the bank is expected to announce its rate decision and issue the latest policy statement. Traders expect the BOJ to raise its base interest rate by 25 bps towards 0.5%. However, the market usually moves not because of the decision itself, but because of the new details revealed in the accompanying reports and during the press conference. BOJ Governor Kazuo Ueda is seen taking a careful tone when communicating the bank's future path if the BOJ raises rates to avoid causing market turmoil', said Ryutaro Kimura, a fixed income strategist at AXA Investment Managers. If the bank downgrades its economic forecast and Kazuo Ueda, the BOJ Governor, renounces a pledge to keep pushing up borrowing costs, USDJPY will rise. If the BOJ statement includes better economic assessments and Kazuo Ueda makes hawkish remarks, the pair may drop significantly. 📲 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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#economic_calendar These events may affect the market on 23 January. 🔥 Don't forget to get a 100% deposit bonus!

‼️ Join Octa Analytics VIP Unlock premium signals, exclusive offers, and important events to boost your trading success. To become a member of Octa Analytics VIP, follow these easy steps: 1️⃣ Make sure you have $50 or more in your account. 2️⃣ Take a screenshot of your balance and send it along with your Octa real account ID to our @octa_vip_bot chatbot. 3️⃣ Await verification—usually, it’s completed within one business day. Ready to take your trading to the next level? Let us steer you toward success. The sooner you join, the more you’ll benefit from our elite trading community! 💯 Limited-time offer 💯 Don’t miss the opportunity to use the BONUSVIP100 promo code for a 100% deposit bonus!

GBPUSD, 1-hour timeframe chart GBPUSD tested the resistance level of 1.23700 👉Level explanation GBPUSD has been trading in a bullish trend within the last day. The pair moved up to the resistance level of 1.23700. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.23695. Set your stop loss at 1.24442 above the previous high ($7.47 loss for 0.01 lot) and take profit at 1.22863 ($8.32 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.11. 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 broke the resistance level of 1.04300 👉Level explanation EURUSD 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 1.04450. Set your stop loss at 1.04000 below the previous low ($4.50 loss for 0.01 lot) and take profit at 1.05200 ($7.50 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. 📲 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 tested the resistance level of 156.110 👉Level explanation USDJPY has been trading in a sideways market within the last day. The pair moved up to the resistance level of 156.110. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 155.702. Set your stop loss at 156.373 above the previous high ($4.31 loss for 0.01 lot) and take profit at 155.031 ($4.31 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 formed a bearish Engulfing pattern 👉Level explanation GBPJPY has been trading in a sideways market for the last couple of hours. The pair moved up to the resistance level of 192.300. Now, the price displays a bearish Engulfing pattern. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 191.910. Set your stop loss at 192.380 above the previous high ($3.02 loss for 0.01 lot) and take profit at 191.440 ($3.02 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 continues rising Gold (XAU) jumped 1.34% on Tuesday as safe-haven demand increased amid uncertainty about U.S. President Donald Trump's potential trade tariffs. 👉 Possible effects for traders Yesterday, XAUUSD broke above the important $2,720 level and reached a two-month high. Investors rushed in to buy gold, feeling uneasy about the future of the global economy in case Trump's administration implements new trade restrictions. 'Today's move has largely been about the threat of U.S. blanket tariffs following Trump's inauguration. The information with respect to potential tariffs has only come in at a trickle', said Daniel Ghali, commodity strategist at TD Securities. Yesterday, Trump hinted that the administration may introduce import duties on Canadian and Mexican goods on 1 February. Furthermore, investors remember that during the first year of Trump's first administration in 2017, the gold price rose by 13%, which was its best annual performance in seven years. Trump's proposed policies are largely considered inflationary, potentially prompting the Federal Reserve (Fed) to maintain higher interest rates for an extended period to control inflation. XAUUSD was rising during the Asian and early European trading sessions. Today, the economic calendar is rather uneventful. However, a number of central bankers will be giving speeches during the World Economic Forum in Davos, so the market may experience unexpected volatility. It may particularly affect interest-rate-sensitive assets like gold as investors will react to officials' commentary on monetary policy and the global economic outlook. 'Spot gold may retrace into a range of $2,719 to $2,728 per ounce, as suggested by its wave pattern and the bearish divergence on the hourly RSI', 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

📊 Euro remains oversold The euro (EUR) gained 0.14% against the U.S. dollar (USD) during a rather choppy trading session on Tuesday as markets faced the uncertainty surrounding tariffs President Donald Trump may implement. 👉 Possible effects for traders 'Volatility is clearly back in a big way, and after the relatively calm term of Joe Biden, FX markets are on a hair trigger for any tariff talk from the Trump administration', said Helen Given, FX trader at Monex USA. However, any new changes in the U.S. trade policy will likely be implemented only gradually. Although Trump highlighted the possibility of a universal tariff introduction, he also said that the U.S. wasn't ready for it yet. Meanwhile, other officials said that new taxes would be imposed in a measured way. The eurozone is the U.S.'s major trade partner, and its currency is highly sensitive to any changes in trade relations. New tariffs can significantly impact export volumes and economic growth within the eurozone, subsequently affecting the euro's value. 'What you're seeing here, too, is just how crowded long dollar positioning is. All you need is some ambiguity on the tariff front, and you get these kinds of moves', said Erik Bregar, director of FX & precious metals risk management at Silver Gold Bull. According to the latest CFTC Commitment of Traders Report, the euro is one of the most oversold currencies among the majors. As of 14 January, large speculators were holding 225,000 net-short contracts in euro futures, an almost two-year record. Therefore, EURUSD may potentially rebound soon as there are currently too many short positions that may be closed at any moment. EURUSD was relatively flat during the Asian and early European trading sessions. Today, the formal macroeconomic calendar is rather uneventful. However, Christine Lagarde, the president of the European Central Bank, will give a speech at the World Economic Forum at 3:15 p.m. UTC. Hawkish remarks will probably push EURUSD higher, possibly above 1.04580. Conversely, a dovish tone may bring EURUSD down towards the major support level at 1.03550. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 Australian dollar is under bearish pressure The Australian dollar (AUD) lost 0.05% against the U.S. dollar (USD) during Tuesday's very volatile trading session. 👉 Possible effects for traders Initially, AUDUSD declined towards the 0.62000 level but later recouped all the losses and finished the day essentially unchanged. Like other currencies, AUD is under pressure due to the uncertainty surrounding U.S. President Donald Trump's potential trade tariffs. While Trump didn't mention Australian goods as a target for his new trade restrictions, the implementation of a universal tariff may affect AUDUSD. Fundamentally, a downward pressure on AUDUSD also stems from the divergence in monetary policy expectations between the Reserve Bank of Australia (RBA) and the Federal Reserve (Fed). Cooling underlying inflation in Australia has increased the chances of RBA cutting interest rates next month. According to Reuters, traders currently see a 78% probability of a 25-basis-point rate reduction at the February meeting. AUDUSD was falling during the Asian and early European trading sessions. Today, the economic calendar is rather uneventful. Still, traders should monitor a number of central bankers' speeches at the World Economic Forum in Davos. Some unexpected volatility could affect markets, particularly risk-sensitive currencies like AUD. 📲 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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