Technical My Tips

"Chart: Daily XAGUSD chart XAGUSD continued its recovery after retesting the support at 31.50 and EMA21. The diverging bullish EMAs indicate the potential for a continuation of its uptrend. If XAGUSD closes above the resistance at 33.00, the price may retest the following resistance at 34.50. On the contrary, failure to break above 33.00 may prompt a consolidation within the 31.50-33.00 range.

📊 Geopolitical uncertainty and Trump's policies push gold towards new highs On Wednesday, gold (XAU) held near a historic high at $2,947. Investors sought refuge in the precious metal amid concerns about the potential impact of President Trump's tariff plans on inflation and the global trade conflict. 👉 Possible effects for traders The outlook for global trade and inflation remains uncertain, which is favourable for gold. The price of gold is within reach of the $3,000 mark, according to Tim Waterer, a chief market analyst at KCM Trade. Since taking office, President Trump has imposed a 10% tariff on Chinese imports and 25% duties on steel and aluminium. He announced on Wednesday that he would introduce taxes on lumber, cars, semiconductors, and pharmaceuticals 'in the next month or sooner'. The Federal Reserve's (Fed) minutes from its last policy meeting revealed that Trump's initial policy proposals raised concerns about higher inflation and confirmed that they would continue to pause rate cuts. Despite the possibility of fewer rate reductions this year, market participants remain optimistic about the overall outlook for gold. Gold has been and will continue to benefit from a strong physical market demand, supported by robust purchases by central banks and the transition of physical gold exchange-traded funds from sellers to marginal buyers', said Trevor Yates, an analyst at Global X. 'If we consider potential risks that could slow down gold prices, the demand for a safe haven could decrease if a peace agreement between Russia and Ukraine gets closer', Waterer said. On Wednesday, Trump criticised Ukrainian President Volodymyr Zelensky, called him a 'dictator', and warned that he must act swiftly to secure peace or risk losing his country. Bullion benefits from geopolitical tensions and rising inflation, but higher interest rates diminish the appeal of this non-yielding asset. XAUUSD resumed its growth during Asian and early European trading hours after a minor correction at the end of yesterday's trading hours. Today, market participants will be waiting for the U.S. Jobless Claims report data at 1:30 p.m. UTC. A higher-than-expected reading may support the growth, while lower data may trigger bearish momentum in the precious metal. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 Trump's proposed policies continue to weigh down on euro The euro (EUR) declined on Wednesday, reflecting the decline in European stock prices. The drop happened due to U.S. President Donald Trump's tariff plans and the cautious approach of Federal Reserve (Fed) officials, which dampened investor sentiment. 👉 Possible effects for traders On Tuesday, President Trump announced that tariffs on pharmaceuticals and semiconductor chips would be 25% or higher, with the possibility of further increases during a year. He also intends to impose similar tariffs on automobiles as early as 2 April. These actions, along with other threats, have intensified fears of a widespread trade war, causing investors to become anxious. However, some analysts view Trump's moves as a means of negotiation. Meanwhile, Trump's proposals raised concerns among Fed officials about accelerating inflation. According to the Fed's January meeting minutes, companies informed the central bank that they would increase prices to account for the cost of import tariffs. 'Trump's policies have undoubtedly added complexity to the Fed's task of balancing inflation and employment, forcing policymakers to adopt a cautious approach', said Yeap Jun Rong, a market strategist at IG. However, given that market expectations for a rate hold at the next two FOMC meetings were already well established, the minutes only confirmed existing sentiment. The EURUSD exchange rate declined as market uncertainty increased due to geopolitical concerns following Trump's criticism of Ukrainian President Volodymyr Zelensky and calling him a 'dictator'. EURUSD moved sideways during Asian and early European trading hours. Today, the U.S. Initial Jobless Claims report will come out at 1:30 p.m. UTC and may add to the market's volatility. Higher-than-expected data may support EURUSD, while lower-than-expected numbers may trigger bearish momentum in the pair. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 GBP declines despite strong U.K. inflation data The British pound (GBP) declined on Wednesday due to the potential impact of trade tariffs imposed by U.S. President Donald Trump and ongoing worries about the progress of the Ukraine peace talks. 👉 Possible effects for traders President Trump of the United States labelled Urkaine President Volodymyr Zelenskiy a 'dictator without elections' following Zelenskiy's earlier statement on Wednesday accusing Trump of being trapped in a 'disinformation bubble'. The U.S. dollar (USD) value was further bolstered by rising energy prices, with natural gas reaching its highest level since December 2022. Meanwhile, U.S. Treasury yields remained unchanged just before the release of the Federal Reserve's January meeting minutes. This week, several Fed officials will give speeches on Thursday. The risk sentiment briefly improved following a report in The New York Times that President Trump was considering a more comprehensive trade agreement with China. A stronger-than-anticipated U.K. inflation report pushed GBPUSD towards a local peak, but then the British pound declined against the U.S. dollar. The increase in the U.K. Consumer Price Index towards a 10-month high of 3% in January indicates that the Bank of England (BOE) will likely maintain its interest rates unchanged next month. The 3% inflation was higher than the forecasted 2.8% and a full percentage point above the BOE's target level. The good news for those favouring a more cautious approach was the lower-than-expected U.K. services CPI, standing at 5%, below the expected. This suggests that the regulator may still be considering a rate cut in May, as it would continue the cycle of quarterly cuts initiated in August. GBPUSD grew during Asian and early European trading hours, trying to recover some of yesterday's losses. Today, the U.S. Initial Jobless Claims report comes out at 1:30 p.m. UTC. Higher-than-expected data may support GBPUSD. Otherwise, lower-than-expected data will exacerbate the downtrend in the pair. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

#economic_calendar These events may affect the market on 20 February.

Every pip matters. Your strategy deserve the tightest spread. Pay less | Keep more Open Account In Exness For Forex Trading & P2P Transaction👇 Link: https://tlt.ink/exness

➡️You Can Join Quotex From Link Below 💥 ➡️Start With Free Demo Account & Get 700'000 Demo Balance ✅ ➡️Quotex Link: https://tlt.ink/quotex Use Promo Code ➡️ 50TMT , 50TLT

Angel One Mutual Fund’s 1st ETF is Here! Looking for long-term capital growth? Invest in a diversified portfolio tracking the Nifty Total Market Index and take a step toward smart investing. #AngelOne #ETF #SmartInvesting #InvestWisely

Gold at a crossroads ahead of the FOMC Meeting Minute XAUUSD seems to be forming a double bottom pattern after reaching an all-time high at $2,942. At the same time, the Stochastic indicator below is showing a clear overbought signal. Today, the markets are set for the FOMC Meeting Minute at 19:00pm, which will have a significant impact on the movements of the precious yellow metal along with the rest of the other instruments.

📊 Gold continues rising on geopolitical uncertainties Gold (XAU) grew by 1.24% on Wednesday, fuelled by uncertainties about Donald Trump's tariff plans and the outcome of the first round of U.S.-Russian negotiations. The U.S. and Russia agreed to hold more talks on ending the war in Ukraine for now. 👉 Possible effects for traders The potential for gold to rise remains limited, as the first round of negotiations between the U.S. and Russia regarding a potential peace in Ukraine has concluded without a clear agreement. According to the director of Kedia Commodities, Ajay Kedia, if both parties do come to a solid plan, it could negatively impact gold. 'There should be a technical profit booking, as the war premium is expected to decline slightly. The potential for gold to rise is capped around $2,970 as resistance and $2,890 as support', Kedia said. On Tuesday, the Trump administration announced it had agreed to hold further talks with Russia following the conclusion of the initial Russia-Ukraine peace talks without the participation of Ukraine or Europe. 'The Trump administration's presidency is creating macroeconomic and geopolitical uncertainties that are likely to prompt investors to diversify into gold', analysts at ANZ said. They added that investment demand for gold would benefit from macroeconomic, geopolitical, trade, and fiscal risks. XAUUSD moved sideways during the Asian and early European trading sessions. The market is now looking forward to the release of the Federal Reserve's January meeting minutes today at 7:00 p.m. UTC. The report could provide insights into the central bank's plans for this year's interest rate path. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 Possible tariffs and geopolitical uncertainty pressure the euro The euro (EUR) declined by 0.36% on Tuesday, driven by worries about trade tariffs and ongoing discussions between the U.S. and Russia about a treaty. The U.S. Dollar Index (DXY) remained stable, hovering around the 107.000 mark. 👉 Possible effects for traders Investors assessed the latest development in U.S. trade tariffs and the ensuing uncertainty following the initial peace talks between the U.S. and Russia, with Ukraine and Europe not present. Ukrainian President Volodymyr Zelenskiy stated that no peace agreement could be reached without his involvement. He cancelled his planned visit to Saudi Arabia on Wednesday, citing the need to avoid giving the U.S.-Russia talks any legitimacy. Russia remained steadfast in its demands, particularly insisting that it would not tolerate NATO's granting of membership to Ukraine. On Tuesday, the Donald Trump administration announced its agreement to hold further talks with Russia aimed at ending the conflict in Ukraine. According to Sean Callow, senior foreign exchange analyst at InTouch Capital Markets, the euro is experiencing turbulence due to the clear disagreement between the U.S. and Europe regarding the conflict in Ukraine. Moreover, Trump announced his intention to impose tariffs on auto of around 25% and similar duties on imports of semiconductors and pharmaceuticals. According to Callow, as long as Trump is seen as the one who keeps making empty threats about tariffs, investors may start to sell their long positions in the U.S. dollar. Since taking office, Trump has been imposing a series of taxes and threatening to impose more, creating domestic and international uncertainty. EURUSD moved sideways during Asian and early European trading hours. Traders will be closely monitoring the release of the FOMC minutes today at 7:00 p.m. UTC. The majority of economists anticipate another 50-basis-point reduction in interest rates in April, and the release may support or disprove this stance on U.S. interest rates. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 Hawkish BOJ stance supports JPY despite bleak economic data The USDJPY exchange rate climbed towards 152.000 on Tuesday in response to weaker-than-anticipated Japan's economic indicators. 👉 Possible effects for traders On Monday, the release of Japan's Gross Domestic Product (GDP) report for Q4 and recent inflation figures reinforced the anticipation of interest rate hikes by the Bank of Japan (BOJ). The core machinery orders in Japan, a crucial indicator of capital expenditures, unexpectedly declined in December. Moreover, Japan reported a larger-than-expected trade deficit for January, with imports exceeding exports. Despite the weak data, the Japanese yen (JPY) is supported by the expectation that the BOJ will continue to raise interest rates this year. However, there is still uncertainty about whether the regulator will implement another rate increase in March. The prospects for a rate hike at the July meeting are growing, but there are still questions about the pace and extent of further tightening measures. From an external perspective, the Japanese yen has been under pressure due to the strengthening U.S. dollar (USD). Recent threats of trade tariffs from U.S. President Donald Trump compounded the situation, with the president announcing plans to impose tariffs of approximately 25% on automobiles, imported semiconductors, and pharmaceuticals. USDJPY rebounded from the 152.000 level and continued to decline during Asian and early European trading hours. This week's main events are a speech by BOJ board member Hajime Takata on Wednesday and Japan's Consumer Price Index data release on Friday. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

Sign Up Now And Get 100% Deposit Bouns👇 Use Promo Code 👉 TLT100 Binomo Link: https://tlt.ink/binomo

😎 FREE FREE FREE FREE FREE ♾          ONLY FOR 100 MEMBERS                         OFFER              👇👇👇👇👇👇👇 ✔️JOIN BINOMO VIP GROUP✔️          NO SIGN UP 😀 NO DEPOSIT              DIRECT JOINING 👇👇👇👇👇👇👇👇👇👇👇   https://t.me/TLTBinomoSignals

#economic_calendar These events may affect the market on 19 February.

Do you know which currency pair is nicknamed “The Loonie”? Drop your guesses below and see if you’re a trading expert! Ans through reactions 👍 Start Trading:

Chart: Daily chart of GBPJPY GBPJPY tested the Descending Channel's lower bound and bounced off, indicating sideways movement. The price is waiting for an apparent breakout to determine the upcoming trend. If GBPJPY stays below the support at around 190.00, the price may prompt a retest of the previous swing low at around 188.00. On the contrary, staying above 190.00 may support GBPJPY in retesting the nearby resistance at 194.70.