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#economic_calendar These events may affect the market on 10 December. 🔥 Don't forget to get a 100% deposit bonus!

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GBPJPY, 30-minute timeframe chart GBPJPY retested the resistance level of 192.350 👉Level explanation GBPJPY has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 192.350. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 192.150. Set your stop loss at 192.600 above the previous high ($2.99 loss for 0.01 lot) and take profit at 191.700 ($2.99 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, 15-minute timeframe chart EURUSD retested the support level of 1.05500 👉Level explanation EURUSD has been under buying pressure within the last couple of hours. The pair moved down to the support level of 1.05500. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 1.05550. Set your stop loss at 1.05300 below the previous low ($2.50 loss for 0.01 lot) and take profit at 1.05800 ($2.50 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

📊XAUUSD grows on geopolitical instability and Chinese gold purchases Gold (XAU) touched the $2,650 level on Monday, driven by China's central bank resuming gold purchases after a six-month pause, renewed geopolitical tensions in the Middle East, and growing expectations of a U.S. rate cut. 👉 Possible effects for traders On Sunday, Syrian rebel forces successfully ousted President Bashar al-Assad, bringing to an end the 50-year rule of the Assad family and raising concerns about a potential new wave of unrest in the region. Additionally, the U.S. nonfarm payroll report published on Friday indicated that the labour market is showing signs of gradual improvement, allowing the Federal Reserve (Fed) to consider reducing interest rates later this month. Based on the CME FedWatch tool's projections, markets currently anticipate an 85.1% chance of a 25-basis-point rate reduction at the Fed's last meeting of the year on 18 December. This would lower the opportunity cost of holding non-interest-bearing assets like gold, making them more appealing to investors. The resumption of gold purchases by the People's Bank of China (PBOC) in November may be a positive development for investors and may support gold prices. According to Yeap Jun Rong, a strategic analyst at IG, this move may stimulate Chinese investors' demand for gold, which has been dampened since the PBOC stopped its purchases in May. The decision to increase holdings of gold, particularly after the recent election of Trump, reflects the proactive approach of the PBOC in ensuring economic stability in light of changing global conditions, according to analysts at OCBC. XAUUSD has been trading bullish during Asian and early European trading hours. No new events are expected to influence XAUUSD movements today. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🔽Euro weakens on mixed U.S. jobs data The euro (EUR) lost 0.17% against the U.S. dollar (USD) during a very volatile trading session on Friday as traders digested a rather mixed U.S. nonfarm payroll (NFP) report. 👉 Possible effects for traders Following significant job losses due to hurricanes and strikes in October, U.S. employment surged in November. Friday's NFP report showed that 227,000 jobs were created last month, more than the market expected. Nevertheless, a slight uptick in the unemployment rate towards 4.2% indicated a cooling labour market, which may lead the Federal Reserve (Fed) to reduce interest rates in December further. Although a rate cut seems imminent, investors are watching U.S. Consumer Price Index (CPI) data this week for any additional clues. ‘A hot U.S. CPI print may not necessarily derail a cut at next week's FOMC meeting, but it would affect the level of implied cuts priced for FOMC meetings from March 2025 onwards, and this is where the U.S. dollar may take its directional steer’, said Chris Weston, head of research at Australian online broker Pepperstone. Meanwhile, the sluggish eurozone economy and political uncertainty continue to weigh on the euro. The market currently prices in a 64% probability that the European Central Bank (ECB) will reduce its base rate to just 2.5% by 6 March 2025. At the same time, the market expects the U.S. interest rate to remain close towards 4% by that time. This divergence in monetary policy expectations continues to favour the greenback and exerts downward pressure on EURUSD. EURUSD was falling during the Asian and early European trading sessions. The macroeconomic calendar is rather uneventful today, so the established bearish trend will likely continue. Low volatility may also prompt traders to take profit on their short positions, which may lead to a temporary rebound in EURUSD. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🔽AUDUSD declines ahead of the RBA interest rate decision The Australian dollar (AUD) declined by 1.87% by the end of the week as some investors bet the central bank officials would sound more dovish at the monetary policy meeting this week. 👉 Possible effects for traders Tomorrow's Reserve Bank of Australia (RBA) monetary policy meeting stands out among other central banks' meetings. The RBA is expected to oppose the global trend of lowering interest rates by keeping the rates unchanged at 4.35%. The central bank has been supporting the rate for over a year, but markets anticipate an earlier rate cut in 2025 following a disappointing economic performance in the previous quarter. There is now a 55% probability that the RBA will lower interest rates in February. If the employment data coming out on Thursday is weak, it may increase the likelihood of a 25-basis-point (bps) cut in February to approximately 75%. Meanwhile, a potential rate cut in April is almost fully priced in. Also, several RBA officials will deliver speeches this week, which may add volatility to AUDUSD. With the Federal Reserve (Fed) anticipated to reduce interest rates by 25 basis point next week, analysts suggest that the U.S. dollar (USD) might be weakening after its long growth in the four weeks following the election of Donald Trump. Morgan Stanley analysts have even recommended shorting the U.S. dollar until the end of the year, describing it as a risky investment for traders heavily invested in the currency. According to their analysis, the optimistic outlook for USD is primarily based on price factors, such as strong U.S. economic data, trade, and fiscal risks, all of which favour the greenback. Nevertheless, they feel that investor sentiment toward the U.S. dollar is generally favourable, indicating that there may be an asymmetric risk of ‘unfavourable consequences’ if the situation changes. AUDUSD continued to decline during Asian and European trading hours. Market participants are waiting for the RBA rate decision, which will be released tomorrow at 3:30 a.m. UTC, and the RBA Press Conference at 4:30 a.m. UTC, where officials will give more clues on future interest rate trajectory. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

BTCUSD, 15-minute timeframe chart BTCUSD broke the support level of 98,800.00 👉Level explanation BTCUSD 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 98,695.00. Set your stop loss at 100,705.00 above the previous high ($20.1 loss for 0.01 lot) and take profit at 96,685.00 ($20.1 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.

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USDCAD, 15-minute timeframe chart USDCAD tested the support level of 1.40270 👉Level explanation USDCAD has been under selling pressure within the last couple of hours. The pair moved down to the support level of 1.40270. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 1.40533. Set your stop loss at 1.40266 below the previous low ($1.90 loss for 0.01 lot) and take profit at 1.40800 ($1.90 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. 👉Fundamental factors The U.S. Nonfarm Payroll report will be released in a few minutes and could affect this trade. 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

Stay updated with our crypto insights and trade in the Octa app. Regulatory shake-up boosts Bitcoin before retracement Bitcoin hit an all-time high of $100k after news of Paul Atkins replacing Gary Gensler as SEC Chair. Atkins supports innovative financial markets and reduces regulatory burdens on digital assets. His appointment by Donald Trump signals a shift towards crypto-friendly policies. BTCUSD faced a sharp correction, dropping below $94k. Bloomberg reports increased interest in put options, reflecting growing risk aversion among investors. Technical analysis BTCUSD showed bearish signs on 5 December. The price surpassed the $100k mark on high volumes, but couldn't hold this level and went back into the $90k – 100k range on a high volume. Analytics expect the price to retrace towards the 100k resistance level and then decline towards the 90k support level, eventually establishing a long sideways movement. #crypto #cryptotrading #cryptonews #cryptoupdate #forextrading

GBPUSD, 15-minute timeframe chart GBPUSD tested the support level of 1.27550 👉Level explanation GBPUSD has been under selling pressure within the last couple of hours. The pair moved down to the support level of 1.27550. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 1.27590. Set your stop loss at 1.27340 below the previous low ($2.50 loss for 0.01 lot) and take profit at 1.27840 ($2.50 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. 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

📊 BTCUSD broke above $100,000 but later retreated Bitcoin (BTC) reached a new high yesterday, surpassing the $100,000 mark, driven by the appointment of a crypto-friendly chair for the U.S. Securities and Exchange Commission (SEC) by President-elect Donald Trump. 👉 Possible effects for traders Trump has selected Paul Atkins to succeed Gary Gensler, who implemented stringent regulations on digital assets. The President has promised to appoint regulators who are more accommodating to the digital asset industry and support the idea of making a strategic reserve in Bitcoin. Paul Atkins, a proven leader in implementing sensible regulations, believes in the potential of robust and innovative capital markets catering to investors' needs and providing capital to fuel the economy, said Trump on his Truth Social platform. Dan Gallagher, legal chief of Robinhood Inc., has welcomed Atkins' appointment, describing him as the ideal candidate. Atkins is a strong supporter of digital assets, making his appointment a positive development for digital currencies. Later on Thursday, the price of Bitcoin dropped significantly, falling from its all-time high below $94,000 and then rebounding slightly towards around $97,000. This was in line with the overall performance of U.S. stock markets, as the Dow Jones lost more than 0.5%, and both S&P and NASDAQ lowered. MicroStrategy—the largest institutional investor in Bitcoin—lost approximately 5%. Many market participants believe that the true test for the recent rally in Bitcoin will occur when risk aversion increases and investors will shift towards safer assets, leading to a correction in stock prices. A Bloomberg report indicated that there has been an increase in demand for Bitcoin options, suggesting investors are seeking to secure some profits in case of a crypto market downturn. The report states that puts with strike prices of $95,000 and $100,000 currently have the highest number of open positions. Additionally, there has also been an increase in interest in puts with lower strike prices, such as $75,000 and $70,000. BTCUSD recovered during Asian and early European trading hours from yesterday's decline. Today, market participants will wait for the U.S. nonfarm payrolls report at 1:30 p.m. UTC. Higher employment numbers will put some pressure on BTCUSD, while weak labour data will favour the uptrend 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

📊 Gold's growth pauses ahead of the NFP report Gold (XAU) declined by 0.67% on Thursday as traders repositioned ahead of the U.S. nonfarm payroll (NFP) report. 👉 Possible effects for traders Yesterday's U.S. Weekly Jobless Claims figures were higher than expected, suggesting that the labour market continued to cool, albeit slowly. The U.S. Dollar Index (DXY) weakened immediately after the data release, but gold struggled to find support. ‘We're in a period of stagnation, some range bound activity at the moment, searching for that next piece of data or that next stimuli that could push gold out of this range’, said David Meger, director of metals trading at High Ridge Futures. Fundamentally, gold remains in a major uptrend as geopolitical uncertainty spurs safe-haven demand, while global central banks remain focused on cutting interest rates. The market currently prices in more than a 70% chance of a 25-basis-point (bps) rate reduction by the Federal Reserve (Fed) in December. Gold, which offers no yield, usually performs well in a low-interest-rate environment. XAUUSD was falling noticeably during the Asian and early European trading sessions but managed to recover by the early European trading session. Today, investors will monitor the U.S. NFP report due at 1:30 p.m. UTC. Given its potential to influence interest rate expectations and investors' sentiment, we expect sharp price movements in XAUUSD. The forecast is for the number of jobs created to increase by 200,000 in November and hourly earnings to grow by 3.9% annually. ‘A robust NFP number is more or less priced in, and if we see weakness in the report, it could add some support to gold prices’, said Ole Hansen, head of commodity strategy at Saxo Bank. If the NFP report reveals stronger-than-expected figures, XAUUSD may pull back noticeably. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 Euro gains momentum, but economic concerns and NFP risk remain On Thursday, the euro (EUR) gained 0.72% against the U.S. dollar (USD) after the worse-than-expected U.S. Weekly Jobless Claims report pushed the greenback lower. 👉 Possible effects for traders Michel Barnier, Prime Minister of France, officially resigned a day after opposition lawmakers voted to oust his government. In his address to the nation, French President Emmanuel Macron said he would name a successor to Barnier in the coming days and stressed that the 2025 budget will be his top priority. A genuine desire by Macron to swiftly appoint a new prime minister and find a quick way out of the political impasse reassured the investors. ‘The market is looking at the financial implications of the French government's collapse. The takeaway seems to be that it's not as impactful to the spending plans as initially thought, and that's keeping the euro alive. However, we got two large economies within the eurozone with struggling governments: France and Germany and analysts are concerned about the euro, and they have already lowered their projections as a result’, said Amo Sahota, executive director at FX consulting firm Klarity FX. Overall, the outlook for the eurozone economy remains rather gloomy, even as yesterday's German factory orders were substantially higher than expected. A recent Bloomberg survey showed that economists expect the European Central Bank (ECB) to cut interest rates more rapidly than previously expected to support the struggling economy. EURUSD was falling during the Asian and early European trading sessions. Today's key event is the release of the highly anticipated U.S. nonfarm payroll (NFP) report at 1:30 p.m. UTC. The market expects to see 200,000 new jobs added. If the figures are lower than expected, EURUSD may rally strongly, possibly above the important 1.06440 level. Otherwise, the pair may drop towards 1.05320. 📲 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 retested the resistance level of 0.64300 👉Level explanation AUDUSD has been under selling pressure within the last couple of hours. The pair moved up to the resistance level of 0.64300. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 0.64280. Set your stop loss at 0.64430 above the previous high ($1.50 loss for 0.01 lot) and take profit at 0.64130 ($1.50 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. 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