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Market gaps happen when the opening price doesn’t match the previous day’s close. Higher open? It might be time to buy. Lower open? Could be a chance to sell. How do you trade market gaps? Start Trading: https://bit.ly/attexpertoption

#economic_calendar These events may affect the market on 31 January.

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📊 Gold drops after the Fed monetary policy meeting The gold (XAU) price declined by 0.2% on Wednesday as the U.S. dollar (USD) and bond yields rose after the Federal Reserve (Fed) held interest rates unchanged and gave little data about when potential rate cuts might occur. 👉 Possible effects for traders 'Asset markets are leaking a little bit after the statement leaned a little more hawkish than expected, with gold marginally lower', said Tai Wong, an independent metals trader. Fed Chair Jerome Powell said there was no rush to cut the rates as inflation remained above the central bank's target, economic growth continued, and the unemployment rate was low. Indeed, while the U.S. economy seems robust, its future is uncertain. Recent economic data has been positive, but potential policy changes from the Donald Trump administration regarding immigration, tariffs, and taxes could create instability and drive inflation higher. At the same time, officials are optimistic that inflation will continue to decline this year. However, they prefer to maintain higher interest rates until more economic data confirms the inflation slowdown. According to Reuters, short-term interest rate futures show that investors expect the central bank to hold the rates unchanged until June. As a non-yielding asset, gold tends to perform well when interest rates decline. Still, the fundamental pressure on XAUUSD is somewhat bearish, as a stronger U.S. dollar, rising bond yields, and the Fed's cautious stance on interest rate cuts outweigh safe-haven demand. XAUUSD was falling slightly during the Asian and early European trading sessions. Today, the focus is on the European Central Bank (ECB) interest rate decision at 1:15 p.m. UTC and the U.S. Pending Home Sales report at 3:00 p.m. UTC. Although the events are unlikely to affect gold significantly, they can still stoke short-term volatility. Key levels to watch are support at $2,740 and resistance at $2,770. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 Euro awaits ECB interest rate decision The euro (EUR) lost 0.08% against the U.S. dollar (USD) on Wednesday after the Federal Reserve (Fed) left interest rates unchanged and provided little clarity on the timing of future rate cuts. 👉 Possible effects for traders Fed officials unanimously decided to maintain the interest rates within the current 4.25–4.5% range. The central bank is now in a wait-and-see mode as it seeks more data on inflation and employment and greater clarity on the effects of President Donald Trump's policies. During the press conference, Fed Chair Jerome Powell stated that it was still too early to assess the impact of Trump's policies, emphasising that the official 2% inflation target will continue to guide the central bank's decisions. Although the Fed kept the rates unchanged, markets continue to err on the side of caution and price in the probability that U.S. trade policy may undergo dramatic changes in the coming months. Therefore, safe-haven flows in the U.S. dollar continue, and the greenback remains well supported against other major currencies, including the euro. Indeed, tariff risks are a major concern for investors. According to Reuters, Howard Lutnick, Trump's nominee to head the Commerce Department, said he had advised the president to pursue across-the-board tariffs country-by-country to restore 'reciprocity' to America's trading relationships. Meanwhile, the eurozone economy continues to disappoint investors. Yesterday's data revealed that the German GfK Consumer Climate Index declined in January, putting additional bearish pressure on EURUSD. EURUSD was falling slightly during the Asian and early European trading sessions. Today, all eyes will be on the European Central Bank (ECB) rate decision due at 1:15 p.m. UTC. In addition, the ECB President, Christine Lagarde, will hold a press conference at 1:45 p.m. UTC. Both events are expected to impact the market significantly and may provoke sharp moves, particularly in EUR-related pairs. Traders and investors expect the ECB to cut its deposit and refinancing rates by 25 basis points (bps) each. Still, the decision itself typically doesn't cause significant market fluctuations. It's the additional information unveiled in the Monetary Policy Statement and the press conference that often drives substantial market movements. The central bank's outlook for inflation, economic growth, and interest rates can significantly influence investor sentiment and lead to notable price changes. Key levels to watch are support at 1.04000 and resistance at 1.04400. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 BOJ hawkish stance supports Japanese yen The Japanese yen (JPY) gained 0.21% against the U.S. dollar (USD) on Wednesday despite the strengthening U.S. Dollar Index following the Federal Reserve's (Fed) decision to leave the rates unchanged. 👉 Possible effects for traders USDJPY has been in a downtrend since mid-January. The decline accelerated last week when the Bank of Japan (BOJ) raised interest rates to the highest level since the 2008 global financial crisis. The bank also revised its inflation forecasts, underscoring its confidence that rising wages will keep inflation stable around its 2% target. The BOJ stands out as the most hawkish major central bank despite fears that Trump tariffs might trigger global economic turmoil. Investors' expectations for more rate hikes by the Japanese central bank will likely continue to put downward pressure on USDJPY. Interest rate swaps market data currency prices in a 41% chance that the BOJ will hike its base rate by 25 basis points (bps) in June. The possibility of higher rates increased following the release of the latest core Consumer Price Index, which rose to 1.9% in December. USDJPY was falling during the Asian and early European trading sessions. Today’s macroeconomic calendar is relatively uneventful for the pair. However, the U.S. Pending Home Sale report at 3:00 p.m. UTC may trigger short-term volatility. Higher-than-expected figures may temporarily pause the bearish trend in USDJPY. Conversely, lower-than-expected results may quickly push the pair down towards 154.000 Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

EURUSD, 1-hour timeframe chart EURUSD formed a bearish Engulfing pattern 👉Level explanation EURUSD has been trading in a sideways market within the last day. Now, the price displays a bearish Engulfing pattern. The price is ready to drop. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.04140. Set your stop loss at 1.04362 above the previous high ($2.22 loss for 0.01 lot) and take profit at 1.03915 ($2.25 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.01. The upcoming news will not influence your orders within the mentioned period.

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#economic_calendar These events may affect the market on 30 January.

Transform your strategy in the Year of the Wood Snake 🐍 Amid uncertain regulatory developments, the landscape for crypto is shifting rapidly. Recently, Donald Trump signed an executive order. Key changes include: ✅ establishing a dedicated working group for new regulations ✅ safeguarding banking services for cryptocompanies ✅ repealing restrictive accounting guidelines. Despite these advancements, the market is reacting cautiously. On 27 January, Bitcoin fell below $100,000, and Ethereum dropped by 6% with risk-off sentiment in the tech sector and investor concerns over prolonged Federal Reserve interest rate hikes. However, the Wood Snake reminds us that transformation often follows periods of consolidation. With ETHUSD forming a unique 'snake pattern' on the weekly chart, some analysts believe Ethereum could break out to $5,000 by the end of 2025, driven by more transparent regulatory frameworks and renewed market confidence. #ETHUSD #Bitcoin #MarketInsights #TradeSmarter

GBPJPY, 15-minute timeframe chart GBPJPY retested the support level of 193.000 👉General outlook GBPJPY has been trading in a bearish trend for the last couple of hours. The pair dropped to the support level of 193.000. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 193.010. Set your stop loss at 192.520 below the previous low ($3.16 loss for 0.01 lot) and take profit at 193.500 ($3.16 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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📊 Gold rises due to persisting safe-haven demand Gold (XAU) price rose 0.8% on Tuesday as safe-haven demand remained strong amid growing concerns over U.S. President Donald Trump's proposed trade tariffs and their impact on the global economy. 👉 Possible effects for traders Apart from the uncertainty surrounding the U.S. trade policy, a weaker-than-expected U.S. Consumer Confidence report also boosted the gold price yesterday. In addition, the recovery may have also been due to a technical rebound in other assets following a technical downturn in the previous session. 'I think some of the biggest factors are Trump's comments yesterday in regards to tariffs ... and right now, the correlation with gold is a basket of geopolitics and inflation expectations', said Daniel Pavilonis, senior market strategist at RJO Futures. Yesterday, Donald Trump announced his intention to impose tariffs on imported computer chips, pharmaceuticals, and steel, aiming to encourage producers to manufacture these goods in the U.S. Investors view these policies as potentially inflationary and fear they could spark trade wars, further boosting safe-haven demand for gold. Fundamentally, gold remains in a bullish trend. 'We're not even that far away from all-time highs, so the upward momentum is there, we just need some kind of trigger to get it going', said Phillip Streible, chief market strategist at Blue Line Futures. XAUUSD was flat during the Asian and early European trading sessions. Today's important event is the Federal Reserve (Fed) interest rate decision, due at 7:00 p.m. UTC. Traders expect the Fed to leave the rates unchanged. The main focus will also be on Fed Chair Jerome Powell's commentary as markets analyse the perspective of the U.S. monetary policy for 2025. The market usually moves not because of the decision but because of the new details revealed in the FOMC Statement and during the press conference. If the Fed downgrades its economic forecast and Powell hints that more rate cuts are coming, XAUUSD will likely rise significantly. If the FOMC statement includes better economic assessments and the Fed chair makes hawkish statements or sounds less dovish, XAUUSD may drop slightly. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 Strong U.S. dollar continues to pressure euro The euro (EUR) lost 0.6% against the U.S. dollar (USD) on Tuesday as the greenback strengthened on fresh tariff threats from the Donald Trump administration and despite weaker-than-expected U.S. macroeconomic reports. 👉 Possible effects for traders Yesterday's data revealed that U.S. durable goods orders plunged by 2.2% in December instead of the expected 0.6% rise. However, non-defense capital goods orders—a key indicator of business investment plans—increased by 0.5%, following an upwardly revised 0.9% rise in November. In addition, Trump's threats to impose tariffs drove investors back into the safe-haven greenback. 'I think that there are two stories here that happened simultaneously, and one is kind of wearing off. The issues in the AI space were initially risk-off from an equity viewpoint. And that led the U.S. dollar to appreciate against basically all high beta currencies and the Japanese yen and the Swiss franc did OK in that world because they're safe havens. Then came Trump's comments on tariffs, which affected currencies differently', said Steve Englander, head of G10 FX research at Standard Chartered Bank in New York. Additionally, EURUSD may have pulled back due to technical factors as the pair failed to confidently break above and close above the critical 1.05000 level for two consecutive days. Fundamentally, EURUSD remains in a bearish trend as investors continue to expect the European Central Bank (ECB) to pursue a looser monetary policy in 2025 compared to the Federal Reserve (Fed). EURUSD was relatively unchanged during the Asian and early European trading sessions. Today, traders will monitor the Federal Reserve (Fed) interest rate decision at 7:00 p.m. UTC. Markets expect the Fed to leave the rates unchanged. The most important is Fed Chair Jerome Powell's commentary on the central bank's plans for U.S. monetary policy in 2025. If the Fed downgrades its economic forecast and Jerome Powell hints that more rate cuts are coming, EURUSD will likely rise significantly. If the FOMC statement reveals better economic assessments and Jerome Powell is hawkish or less dovish than the market expects, EURUSD may drop slightly. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 Canadian dollar declines ahead of two interest rate decisions The Canadian dollar (CAD) lost 0.19% against the U.S. dollar (USD) on Tuesday as markets anticipated a Bank of Canada's (BOC) interest rate cut. Also, renewed concerns over potential U.S. trade tariffs strengthed the greenback. 👉 Possible effects for traders Yesterday, Donald Trump said he was considering imposing tariffs on imported computer chips, pharmaceuticals, and steel to encourage producers to manufacture these goods in the U.S. Previously, the president threatened to introduce 25% duties on imports from Canada on 1 February. 'The loonie (CAD) continues to trade in limbo, awaiting the crystallisation of U.S. tariff risks. We continue to think that the president will follow through on his tariff threats, which should see a sharp loonie sell-off come Monday', said Nick Rees, senior FX market analyst at Monex Europe Ltd. Fundamentally, there is not much of a divergence in monetary policy expectations between the Federal Reserve (Fed) and the Bank of Canada. Markets expect both banks to deliver roughly two 25-basis-point rate cuts in 2025. USDCAD was flat during the Asian and early European trading sessions. Today, USDCAD will probably experience above-normal volatility as two central banks announce their interest rate decisions. Traders expect the BOC to cut the rate by 25 basis points and the Fed to leave the base rate unchanged. The main focus will also be on monetary policy statements and any new details revealed during the press conference. BOC press conference is due at 3:30 p.m. UTC, while the Fed chair will speak at 7:30 p.m. UTC. Generally, the market expects a hawkish Fed and a dovish BOC. Thus, any details and comments contradicting the market’s dominant view may provoke a sharp move in currency pairs. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810