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📊 Euro gains, but its prospects remain bleak The euro (EUR) gained 0.32% against the U.S. dollar (USD) on Tuesday as investors covered their bullish bets in the U.S. Dollar Index (DXY) in reaction to escalating trade tensions between the U.S. and China. 👉 Possible effects for traders Although U.S. President Donald Trump suspended his threat of steep tariffs on Mexico and Canada, the tariffs on China remained in place. Thus, the country hit back with its own tariffs on U.S. exports. Therefore, even as trade tensions eased in one place, they escalated in another, keeping investors on edge and contributing to market volatility. Yesterday's recovery in EURUSD was mostly the result of the weakness in the U.S. dollar. Overall, the long-term outlook for the eurozone economy remains murky as it may soon become the next target of Trump's tariffs. Furthermore, investors still expect the European Central Bank (ECB) to pursue a more dovish monetary policy than the Federal Reserve (Fed). Interest rate swaps market data currently implies about 75 basis points worth of rate cuts by the ECB by the end of 2024 compared to just 25 bps of cuts from the Fed. EURUSD was flat during the Asian and early European trading sessions. Today, traders should monitor any new developments around potential trade negations between the U.S. and China. Also, two U.S. macrocosmic reports will likely trigger more volatility: ADP Nonfarm Employment at 1:15 p.m. UTC and ISM Services at 3:00 p.m. UTC. Worse-than-expected results will likely push EURUSD up towards 1.04130. Conversely, better-than-expected figures may temporarily pause the rally and trigger a downward movement towards 1.03450. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 GBP traders await interest rate decision The British pound (GBP) gained 0.23% against the U.S. dollar (USD) on Tuesday as the greenback weakened following China's decision to impose import tariffs on U.S. goods. 👉 Possible effects for traders The escalation in the U.S.–China trade war is a long-term bearish factor for GBP as tariffs are expected to push up U.S. inflation, supporting the U.S. dollar by keeping U.S. interest rates higher for longer. 'We're still looking at these 10% tariffs on China and China's retaliation, which is going to add some risk premium back into the market. We'll see if there's any sort of negotiation on the back end that might tamp these down, as we saw with Mexico and Canada. But as it looks right now, the trade war with China is back up and running', said Helen Given, FX trader at Monex USA. GBPUSD was flat during the Asian and early European trading sessions. Traders should monitor any new developments around potential trade negations between the U.S. and China. Also, U.S. macrocosmic reports will likely trigger more volatility: ADP Nonfarm Employment at 1:15 p.m. UTC and ISM Services at 3:00 p.m. UTC. Worse-than-expected results will likely pull GDPUSD up towards 1.25200. Conversely, better-than-expected figures may temporarily pause the rally and trigger a drop towards 1.24250. Traders may refrain from initiating large positions in GBP pairs today ahead of the Bank of England's (BOE) interest rate decision, due at 12:00 p.m. UTC tomorrow. Traders expect the bank to cut its base rate by 25 basis points towards 4.5%. However, the most important will be the Monetary Policy Report and Monetary Policy Statement and officials' comments during the press conference. If the BOE downgrades its economic forecast and Governor Andrew Bailey hints at more rate cuts, GBPUSD will decline. If the statement includes better economic assessments and Bailey makes hawkish remarks, GBPUSD may rise 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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EURUSD, 15-minute timeframe chart EURUSD broke the resistance level of 1.03500 👉General outlook 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 1.03538. Set your stop loss at 1.03094 below the previous low ($4.46 loss for 0.01 lot) and take profit at 1.03984 ($4.44 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. 👉Fundamental factors The U.S. JOLTS Job Openings report will be released in a few minutes 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

GBPUSD, 15-minute timeframe chart GBPUSD retested the support level of 1.23990 👉General outlook GBPUSD has been under selling pressure within the last couple of hours. The pair dropped to the support level of 1.23990. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 1.24116. Set your stop loss at 1.23778 below the previous low ($3.38 loss for 0.01 lot) and take profit at 1.24453 ($3.38 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. 👉Fundamental factors The U.S. JOLTS Job Openings 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

📊 Gold continues setting new highs The price of gold (XAU) increased by 0.45% on Monday, hitting a record high. Investors sought a safe haven amid growing concerns over inflation and economic slowdown, fuelled by U.S. President Donald Trump's tariffs on Canada, China, and Mexico. 👉 Possible effects for traders Donald Trump later agreed to a 30-day pause in tariffs' implementation for Mexico and Canada in return for concessions on border and crime enforcement. Still, tariffs on China are due to take full effect shortly. 'The market isn't fully convinced about the extent of the trade war. We haven't seen a complete response from gold, and if this trade war continues for a considerable period, it could lead to significantly higher gold prices down the road', said Bart Melek, head of commodity strategies at TD Securities. Indeed, because gold is considered a safe-haven asset during periods of economic or geopolitical instability and used as an inflation hedge, it usually rises when traditional assets like stocks or bonds are perceived as risky. J.P. Morgan, a U.S. investment bank, said that bearish contagion from equities could weigh on gold in the near term, but disruptive tariffs will be bullish for bullion in the medium term. Still, there are risks that XAUUSD may be getting somewhat overvalued as the strong U.S. dollar has made gold rather expensive for holders of other currencies, while the U.S. Federal Reserve (Fed) isn't expected to cut interest rates for another three months or so. XAUUSD was relatively unchanged during the Asian and early European trading sessions. Today, traders should focus on any new developments around U.S. tariffs. Donald Trump said that discussions of tariffs with China will likely commence later today. In addition, the U.S. JOLTS Job Opening report, due at 3:00 p.m. UTC, will shed some light on the state of the U.S. labour market. Better-than-expected figures may temporarily pause the rally in XAUUSD, while worse-than-expected results may give the pair an additional boost. 'Spot gold may rise into a range of $2,859 to $2,891 per ounce as it has broken resistance at $2,812', 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 continues to be under bearish pressure The euro (EUR) lost 0.17% against the U.S. dollar (USD) during Monday's volatile trading session. 👉 Possible effects for traders Initially, the U.S. Dollar Index (DXY) surged to a one-month high, dragging other major currencies down. The rally was due to U.S. President Donald Trump imposing tariffs on Canada, China, and Mexico, triggering fears of an escalating trade war. However, the duties on Canada and Mexico were paused for one month, improving investors' risk sentiment and pushing the greenback lower. Still, EURUSD recovered only marginally as the currency remains very sensitive to trade-related shocks. The euro faces pressure due to its exposure to global trade dynamics and the potential ripple effects of Trump's tariffs on European economies. Furthermore, the eurozone is underperforming relative to the U.S. economy. Yesterday's U.S. ISM Manufacturing Indices highlighted the persisting resilience of the American manufacturing sector, potentially signalling stronger economic growth compared to the more sluggish performance observed in the eurozone. Higher-than-expected eurozone inflation figures released yesterday also failed to pull EURUSD above the critically important 1.03500 level. EURUSD was falling during the Asian and early European trading sessions. Today, traders should focus on any new developments around U.S. tariffs. In addition, the U.S. JOLTS Job Opening report will be released at 3:00 p.m. UTC and may give insight into the state of the U.S. labour market. Better-than-expected figures may push EURUSD even lower, while worse-than-expected may temporarily lift the currency above the important 1.03500 level. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 Yen remains relatively stable despite U.S. trade tariffs On Monday, the Japanese yen (JPY) fluctuated between 154.000 and 156.000 against the U.S. dollar (USD) but finished the day essentially unchanged. 👉 Possible effects for traders JPY has partly benefited from its safe-haven status amid developments around U.S. trade tariffs, which threaten to potentially disrupt global supply chains. However, USDJPY remains in a mid-term downtrend, which began on 10 January after the market started to price in a more hawkish monetary policy by the Bank of Japan (BOJ). At the same time, the Japanese economy is heavily reliant on global trade and is particularly exposed to any U.S.–China trade tensions. Thus, Japan will likely face capital outflows as investors seek safer assets amidst escalating trade disputes and heightened economic uncertainty, potentially impacting the value of the Japanese yen and overall economic stability. Earlier on Tuesday, China introduced tariffs on U.S. imports in a rapid response to new U.S. duties on Chinese goods, renewing a trade war between the world's top two economies. 'China's calibrated retaliatory measures — targeting energy, agriculture, and machinery — aim to pressure key U.S. export sectors while mitigating domestic inflation risks. Our analysis aligns with estimates of asymmetric growth impacts: U.S. GDP could slow by 0.8–1.0 percentage points in 2025, versus a more contained around 0.4-point drag for China, reflecting its trade diversification since 2018', said Shier Lee Lim, Lead FX & Macro Strategist for APAC, Convera in Singapore. USDJPY was rising during the Asian and early European trading sessions. Today, traders should monitor any new developments regarding U.S. tariffs. Also, the U.S. JOLTS Job Opening report will come out at 3:00 p.m. UTC, possibly providing more details on the state of the U.S. labour market. Better-than-expected figures may pull USDJPY slightly higher, while worse-than-expected results may push the pair below the 155.000 level. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

XAUUSD, 15-minute timeframe chart XAUUSD retested the support level of 2,808.00 👉General outlook XAUUSD has been under selling pressure within the last couple of hours. The pair dropped to the support level of 2,808.00. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 2,809.50. Set your stop loss at 2,799.90 below the previous low ($9.60 loss for 0.01 lot) and take profit at 2,819.10 ($9.60 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

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XAUUSD, 15-minute timeframe chart XAUUSD broke the resistance level of 2,804.50 👉General outlook 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 2,808.13. Set your stop loss at 2,799.40 below the previous low ($8.73 loss for 0.01 lot) and take profit at 2,816.91 ($8.78 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. 👉Fundamental factors The U.S. ISM Manufacturing Purchasing Managers' Index report will be released in a few minutes 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

USDJPY, 30-minute timeframe chart USDJPY retested the support level of 154.560 👉General outlook USDJPY has been under selling pressure within the last couple of hours. The pair dropped to the support level of 154.560. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 154.615. Set your stop loss at 154.223 below the previous low ($3.92 loss for 0.01 lot) and take profit at 155.009 ($3.94 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.01. 👉Fundamental factors The U.S. ISM Manufacturing Purchasing Managers' Index 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

📊 Gold soars toward record high amid trade war fears The gold (XAU) price reached a new all-time high of $2,817 on Friday as safe-haven demand remained strong due to geopolitical uncertainties and concerns over global economic growth amid U.S. President Donald Trump's tariff plans. 👉 Possible effects for traders 'There're concerns that some of the economic growth may come down because of the policies and tariffs that the current administration is looking to implement. So when you've got higher inflation and lower growth, stagflation becomes the economic theme. Gold tends to work very well in that particular environment', said Phillip Streible, chief market strategist at Blue Line Futures. On Saturday, U.S. President Donald Trump signed an order imposing new tariffs of 25% on goods from Mexico and Canada and 10% on imports from China. New trade tariffs may disrupt more than $2.1 trillion worth of annual trade, slow global economic growth, and push global inflation higher. Canada and Mexico, the top two U.S. trading partners, immediately vowed retaliatory measures, and China said it would challenge Trump's levies at the World Trade Organization (WTO). 'I can see (gold) trying to reach up to that $2,900 level at some point during the first quarter; after we breach that, we'll set new levels. At some point this year, gold could ultimately trade north of $3,000', said Bob Haberkorn, senior market strategist at RJO Futures. XAUUSD was declining during the Asian and early European trading sessions as the U.S. dollar strengthened. 'Markets are looking rattled about the tariff dramas, and demand for safe-haven assets such as gold could look to limit the immediate downside... though the soaring U.S. dollar could be an inhibiting factor', said Tim Waterer, chief market analyst at KCM Trade. Citi Bank noted that further tariff escalation would be bullish for gold, likely pushing prices towards $3,000. 'Spot gold may fall into a range of $2,735 to $2,751 per ounce, as a wave C from $2,614 may have completed', said Reuters analyst Wang Tao. Today, Trump will discuss trade tariffs with the leaders of Canada and Mexico on Monday, so there is hope that a trade war can be avoided. Additionally, U.S. ISM Manufacturing data is due at 3:00 p.m. UTC. However, news about trade tariffs will likely overshadow the formal macroeconomic report. 📲 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 retested the resistance level of 95,500.00 👉Level explanation BTCUSD has been trading in a bullish trend for the last couple of hours. The pair moved up to the resistance level of 95,500.00. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 95,320.00. Set your stop loss at 97,220.00 above the previous high ($19.00 loss for 0.01 lot) and take profit at 93,412.00 ($19.00 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

📊 AUDUSD plunges after U.S. trade tariffs establishment The Australian dollar (AUD) finished Friday essentially unchanged against the U.S. dollar (USD) but dropped by more than 1.5% on Monday morning, reaching a multi-year low. 👉 Possible effects for traders The decision by U.S. President Donald Trump to impose new trade tariffs on Canada, China, and Mexico sparked fears of a global trade war. It resulted in a classical risk-off move in the Forex market. As a risk-sensitive currency with strong exposure to China's economy, AUD plunged sharply as the markets opened on Monday. However, new tariffs will come into force on 4 February, so there is still hope that negotiations may achieve some settlement. Fundamentally, AUDUSD appears to be oversold and undervalued, as monetary policy expectations haven't changed much from Friday. Therefore, a swift technical rebound is highly likely within the next 24 hours. Indeed, the latest Australian retail sales data came out better than expected, slightly correcting the dovish outlook for the Reserve Bank of Australia's (RBA) monetary policy. Today, traders should monitor any developments in trade tariff negotiations. Additionally, U.S. ISM Manufacturing data is due at 3:00 p.m. UTC. However, news about trade tariffs may overshadow formal macroeconomic reports. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 Euro plummets as Trump's tariffs spark global trade war fears The euro (EUR) lost 0.27% on Friday and plunged by an additional 1.27% on Monday morning after U.S. President Donald Trump's tariffs on Canada, Mexico, and China triggered fears of a broad trade war. 👉 Possible effects for traders Although the eurozone wasn't the primary target of new U.S. trade tariffs, many fear it could be next as Trump repeatedly said he wants to correct a trade deficit between the U.S. and the eurozone. Global equity markets dropped sharply on Monday morning, while the U.S. Dollar Index (DXY) has increased, reaching a fresh one-month high as investors flocked into safe-haven assets. As a result, other major currencies, including the euro, declined. Such rapid moves usually correct fairly quickly after traders reassess the underlying fundamentals and realise the initial surge was unsustainable. The long-term repercussions of the U.S. decision to impose tariffs are rather uncertain and quite dangerous. A model gauging the economic impact of Trump's tariff plan from EY chief economist Greg Daco suggests it would reduce U.S. economic growth by 1.5 percentage points this year and throw Canada and Mexico into a recession. After reaching a 1.02100 low during the Asian session, EURUSD recovered somewhat during the early European trading session. Today, traders should watch for any new developments around negotiations about trade tariffs. Trump will meet with the leaders of Canada and Mexico on Monday, so there is hope that a trade war could be avoided. Additionally, eurozone inflation figures are due at 10:00 a.m. UTC, and U.S. ISM Manufacturing data is due at 3:00 p.m. UTC. Still, trade tariff developments will outweigh formal macroeconomic reports. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

​​#weekly_outlook 🔎 Keeping up-to-date with the market helps you make better trading decisions Here’s a Weekly Market Outlook for 3 – 7 February from Vito Henjoto. Stay informed and trade wisely.

GBPJPY, 15-minute timeframe chart GBPJPY retested the support level of 190.670 👉General outlook GBPJPY has been under selling pressure within the last couple of hours. The pair dropped to the support level of 190.670. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 190.810. Set your stop loss at 190.120 below the previous low ($4.43 loss for 0.01 lot) and take profit at 191.500 ($4.43 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. 🔹Trade now If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇹🇭TH 🇹🇷TR 🇵🇰PK

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