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📊 Gold plunges amid stock market's sell-off Gold prices fell by 1.09% on Monday as investors closed their long positions in response to a wider market downturn. This happened due to the news that DeepSeek, a Chinese Artificial Intelligence startup, threatens the dominance of U.S. AI companies like Nvidia. 👉 Possible effects for traders The sharp decline in global equity markets has sparked a major sell-off across other assets, with U.S. Treasury yields dropping to a three-week low and the U.S. Dollar Index hitting its lowest since 18 December. 'This sell-off (in gold) is very much driven by the broad equity market rather than just the normal interest rates or currency. I think it's a liquidity issue, and gold is being sold along with other risk assets', said Bart Melek, head of commodity strategies at TD Securities. Fundamentally, XAUUSD remains in a bullish trend, and market monetary policy expectations are still rather favourable for gold. Interest rate swaps market data implies a 45% chance that the Federal Reserve (Fed) will cut the rates by 25 basis points (bps) by mid-2025. 'Gold remains fairly well bid. Safe haven demand is going to continue to support... We will ultimately break out to new all-time highs as there's ongoing uncertainty about the Trump administration's policy agenda', said Peter Grant, vice president and senior metals strategist at Zaner Metals. XAUUSD was relatively flat during the Asian and early European trading sessions. Today, traders should focus on U.S. macroeconomic reports: Durable Goods Orders at 1:30 p.m. UTC and CB Consumer Confidence at 3:00 p.m. UTC. Better-than-expected results might push the gold price down towards $2,730. Conversely, worse-than-expected results may pull XAUUSD above 2,745. 'Spot gold may break support at $2,737 per ounce and fall towards $2,690', said Reuters analyst Wang Tao. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 Euro benefits from USD weakness The euro (EUR) rallied past 1.05000 against the U.S. dollar (USD) on Monday but later retraced and finished the day essentially unchanged. 👉 Possible effects for traders A free, open-source AI model launched by Chinese startup DeepSeek sent ripples through the market yesterday, triggering a sell-off in technology stocks and weakening the U.S. dollar. DeepSeek's AI assistant, boasting lower data and chip requirements, presents a potential challenge to the dominant narrative that has boosted U.S. technology stocks, especially chipmaker Nvidia. 'A lot of people seem to be taking a pretty large leap here that DeepSeek is unsettling the major tech names that's going to lead to a rout in equities, and a rout in equities is going to cause the Fed to be supportive', said Eugene Epstein, head of structuring for North America at Moneycorp in New Jersey. According to Reuters, foreigners were large record buyers of U.S. stocks in December, and the U.S. dollar weakened as they liquidated their positions yesterday. 'Many people were concerned already that U.S. stocks were overvalued. DeepSeek exposes these concerns. That is why the yen and the Swiss franc have done relatively well', said Marc Chandler, chief market strategist at Bannockburn Global Forex. It seems reasonable to infer that the recent rally in EURUSD is mostly due to the U.S. dollar's weakness rather than the euro's strength. Indeed, yesterday's eurozone macroeconomic reports were relatively weak. The Belgian Business Climate Index dropped, while the German Ifo Business Climate Index rose only marginally. As a result, traders continue to expect the European Central Bank (ECB) to pursue a more dovish monetary policy than the Federal Reserve. EURUSD was falling during the Asian and early European trading sessions. Today, two U.S. macroeconomic reports will come out and may affect the market: Durable Goods Orders at 1:30 p.m. UTC and CB Consumer Confidence at 3:00 p.m. UTC. Better-than-expected numbers might push EURUSD down towards 1.04120. Conversely, worse-than-expected figures may help the pair to rise above 1.04520. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 U.S. trade tariffs may affect the Australian dollar The Australian dollar (AUD) lost 0.29% against the U.S. dollar (USD) as risk-sensitive currencies weakened due to a major sell-off in U.S. equity markets. 👉 Possible effects for traders When in doubt, and against a spike in equity market volatility, the AUD, thanks to its liquidity, is the FX weapon of choice to express risk aversion', noted Rodrigo Catril, a senior FX strategist at NAB. In addition, U.S. President Donald Trump threatened to impose tariffs on various goods, including copper and steel. Australia's trade and economy could be negatively impacted by tariffs because the country is the major exporter of these commodities. Fundamentally, AUDUSD remains in a bearish trend, but there are doubts about the Reserve Bank of Australia's (RBA) monetary policy outlook. Right now, investors price in about a 60% chance of a 25-basis-point rate cut by the RBA on 18 February. Today, traders should focus on two U.S. macroeconomic reports: Durable Goods Orders at 1:30 p.m. UTC and CB Consumer Confidence at 3:00 p.m. UTC. Better-than-expected results might push AUDUSD below the 0.62400 level. Conversely, worse-than-expected results may lift the pair above 0.62650. In addition, the Australian Bureau of Statistics will release a key inflation report at 1:30 a.m. UTC tomorrow. The report can influence interest rate expectations and investors' sentiment, causing sharp price movements in AUDUSD. The market expects the annual Consumer Price Index to drop towards 2.5%. Higher-than-expected figures will almost certainly lift AUDUSD above 0.62700, while lower-than-expected results may prolong the current bearish trend and bring the pair towards 0.62300. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

#economic_calendar These events may affect the market on 28 January.

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Here are the important upcoming news events that could affect your trading.

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USDCHF moves inside the descending price channel It seems that the USDCHF has reached the upper line of the descending price channel on the H4 chart, with continued clear pressure from the MA 50 indicator. Are you buying or selling?

📊 British pound rises on a weakening U.S. dollar The British pound (GBP) gained more than 1% against the U.S. dollar (USD) on Friday. The greenback weakened amid growing expectations that U.S. tariffs would be less severe than anticipated, reducing the likelihood of a global trade war. 👉 Possible effects for traders Better-than-expected U.K. Purchasing Managers' Indices (PMIs) data and lower-than-expected U.S. PMIs also fuelled Friday's GBPUSD rally. In addition, Friday's reports revealed that U.S. consumer sentiment weakened in January for the first time in six months amid worries about the labour market and potentially higher prices for goods. Still, the British economy suffers from lacklustre growth and a weakening jobs market. 'Today' data release won't alleviate the Bank of England's (BOE) concerns about the weakness of activity. We still think the Bank will cut interest rates from 4.75% now to 4.5% in February, but the strengthening in price pressures suggest it will cut rates only gradually thereafter', said Elias Hilmer, economist from consultancy Capital Economics. Interest rate swaps market data currently implies more than a 40% chance that the British central bank will reduce its base rate towards 4.5% by mid-June. GBPUSD was falling slightly during the Asian and early European trading sessions. Today's economic calendar is rather uneventful, so no big moves in EURUSD are anticipated. Still, the U.S. New Homes Sales report at 3:00 p.m. UTC may trigger increased volatility. Lower-than-expected numbers may push GBPUSD slightly higher, while higher-than-expected figures may bring the pair below 1.24400. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 Easing fears of trade wars push euro higher The euro (EUR) rallied by 0.75% against the U.S. dollar (USD) on Friday as the greenback weakened on expectations that tariffs enacted by U.S. President Donald Trump would be lower than previously anticipated and are unlikely to precipitate an international trade war. 👉 Possible effects for traders Fears of high tariffs on goods from China, Canada, Mexico, and the eurozone have recently driven U.S. Treasury yields and the U.S. dollar higher due to concerns about renewed inflation. However, this trend partially reversed last week as traders became less concerned about the scale and scope of potential tariffs. This shift followed U.S. President Donald Trump's remarks, indicating optimism about reaching a trade deal with China. 'People are less and less convinced that the tariffs are coming', said Adam Button, chief currency analyst at ForexLive in Toronto. At the same time, the market's focus shifted to the direction of the Federal Reserve's (Fed) monetary policy. Trump has explicitly stated that he wants U.S. interest rates to be lower. According to the CME FedWatch Tool, the probability that the Fed will cut the rates by 25 basis points (bps) in June has increased towards 45%, pressuring the greenback and pulling other major currencies higher. 'Some of the retrace in the greenback this week was likely due to technical reasons, after its 10% rise since the end of September', said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York. He added: 'A lot of good news for the U.S. is priced in'. A test for the U.S. dollar may come next week if the Fed holds rates steady and the European Central Bank, Bank of Canada, and Swedish Riksbank all cut rates, Chandler said. EURUSD was falling during the Asian and early European trading sessions. Today, the formal macroeconomic calendar is rather uneventful, so no big moves in EURUSD are currently anticipated. However, U.S. New Homes Sales data coming out at 3:00 p.m. UTC may trigger increased volatility in the market. Lower-than-expected results may pull EURUSD slightly higher, while higher-than-expected figures may push the pair below 1.04350 level. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 Gold continues moving upwards The gold (XAU) price rose by 0.64% on Friday as the U.S. dollar (USD) weakened after U.S. President Donald Trump called for lower interest rates, while the uncertainty around trade tariffs persisted. 👉 Possible effects for traders Trump is at risk of elevating prices, and I think the gold market perceives perhaps a higher inflation and possibly a central bank that's more accommodative', said Bart Melek, head of commodity strategies at TD Securities. Indeed, the probability that the Federal Reserve (Fed) will cut the rates by 25 basis points (bps) in June has increased towards 45%. Markets are also on high alert for potential trade policy changes, as Trump said that tariffs on goods from Mexico, Canada, China, and the European Union could be announced on 1 February. XAUUSD was falling during the Asian and early European trading sessions. The formal macroeconomic calendar is rather uneventful today. However, the U.S. New Homes Sales report, due at 3:00 p.m. UTC, may potentially trigger above-normal volatility. Lower-than-expected results may pull XAUUSD slightly higher, while higher-than-expected figures may push gold below $2,750. 'Spot gold may drop into a range of $2,726 to $2,743 per ounce, as it failed to break key resistance at $2,783', said Reuters analyst Wang Tao. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

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GBPJPY, 15-minute timeframe chart GBPJPY pulled back from the resistance level of 194.610 👉General outlook GBPJPY has been trading in a sideways market for the last couple of hours. The pair rose to the resistance level of 194.610. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 193.980. Set your stop loss at 194.770 above the previous high ($5.10 loss for 0.01 lot) and take profit at 193.190 ($5.10 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.05. The upcoming news will not influence your orders within the mentioned period.

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Bitcoin held on exchange accounts has dropped to 2.3M, the lowest amount in years. As holders withdraw coins, supply is tightening and price is rising. This trend indicates more Bitcoin moving to long-term storage. By Documenting Bitcoin.