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📊 Upcoming NFP report puts bearish pressure on gold The gold (XAU) price declined by 0.3% on Thursday as the U.S. dollar (USD) strengthened ahead of the critical U.S. jobs report. 👉 Possible effects for traders XAUUSD has been rising almost uninterruptedly since 30 January. It's not surprising that some investors decided to take profit and close their long positions ahead of the U.S. nonfarm payroll (NFP) report, which is traditionally considered one of the most volatile events in the market. 'In addition to the volatility in general, we still have inflation in the background that's starting to creep up, so gold is responding as a safe haven. Gold is on its way for $2,900, and you have very strong sentiment despite the fact that in the short term, the U.S. dollar gained strength', said Alex Ebkarian, chief operating officer at Allegiance Gold. Indeed, renewed trade tensions between the U.S. and China have not only increased geopolitical uncertainty but also stoked fear of higher inflation, leading many investors into safe-haven assets like gold and silver. Earlier today, XAUUSD was rising during the Asian and early European trading sessions. Today, the U.S. Bureau of Labour Statistics will publish its NFP report at 1:30 p.m. UTC. The report will clarify the state of the U.S. jobs market, revealing the latest unemployment figures and average hourly earnings. This data release may influence U.S. interest rate expectations and investors' sentiment and will likely affect the U.S. dollar (USD) and related pairs, including XAUUSD (gold). The market expects the number of jobs created to increase by around 170,000 in January and hourly earnings to grow by 3.8% annually. If the report is stronger than expected, XAUUSD may pull back noticeably. If the data comes below the expected, gold may receive a minor boost. 'Spot gold may retest resistance at $2,883 per ounce, with a good chance of breaking above this level and rising to $2,901', said Reuters analyst Wang Tao. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 Euro fails to strengthen on weak U.S. economic data The euro (EUR) lost 0.2% against the U.S. dollar (USD) on Thursday after the greenback moved higher despite weaker-than-expected Jobless Claims report. 👉 Possible effects for traders After hitting more than a 2-year low in mid-January, EURUSD has recovered somewhat. Technically, the pair is still trading within a major long-term bearish trend. Still, safe-haven flows into the U.S. dollar have been weakening slightly over the past few days as investors started to believe that a global trade war could be averted. 'Driving this correction have been several factors, the largest of which has probably been this week's tariff news, where it looks like the Trump administration has been using tariffs for transactional, not ideological purposes', said Chris Turner, global head of markets at ING. Investors believe that U.S. tariffs are purely negotiating tactics and aren't intended to turn the U.S. into a protectionist state. However, even if the eurozone can avoid higher U.S. tariffs, its long-term economic prospects still look bleak. Yesterday's eurozone retail sales figures came out weaker than expected, and traders still expect the European Central Bank (ECB) to pursue a more dovish monetary policy than the Federal Reserve (Fed). Earlier today, EURUSD was falling slightly during the Asian and early European trading sessions. Today's main event is the U.S. nonfarm payroll (NFP) report due at 1:30 p.m. UTC. It is one of the most highly-anticipated news releases in the Forex market and will likely trigger above-normal volatility. The market expects the number of jobs created in January to increase by around 170,000 and hourly earnings to grow by 3.8% annually. If the NFP numbers exceed the forecast, EURUSD will likely drop towards 1.03000. Otherwise, EURUSD will probably rise above 1.04500. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 BTC moves sideways due to cautious investors' sentiment On Thursday, Bitcoin (BTC) managed to rise above $99,000 but failed to move higher and finished the day essentially unchanged from Wednesday. 👉 Possible effects for traders BTCUSD has been moving sideways since the end of December 2024 as a strong rally fueled by Donald Trump's victory in the U.S. Presidential elections lost momentum, consolidating within a $93,000–106,000 range. The bearish pressure increased later as the risk of a potential trade war between the U.S. and China scared investors and caused a sell-off across financial markets. Fundamentally, BTCUSD has been trading as a risk asset akin to the NASDAQ Index and hasn't got the same safe-haven flows as gold, which means that the crypto coin continues to positively correlate with investors' risk sentiment. Thus, the current rise in geopolitical risks and the Federal Reserve's hawkish stance on U.S. interest rates must have a bearish impact on BTCUSD. At the same time, there has been some bullish news, which may support BTCUSD in the long run. Blackrock, the world's largest asset management firm with over $10 trillion in assets, has announced its plans to list a bitcoin exchange-traded product (ETP) in Europe. This would be Blackrock's first crypto-linked ETP outside the U.S. and may attract significant interest due to Blackrock's reputation, leading to higher capital inflows into BTC. Earlier today, BTCUSD was rising slightly during the Asian and early European trading sessions. The U.S. nonfarm payroll (NFP) report due at 1:30 p.m. UTC may trigger above-normal volatility in BTCUSD. Higher-than-expected figures will likely increase the chances that the Federal Reserve will maintain interest rates at the current level, potentially potentially provoking a minor sell-off in BTCUSD. Conversely, lower-than-expected results may drive BTCUSD higher, possibly towards $100,000 Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

China’s economic engine is slowing down. After decades of rapid expansion, challenges like a property crisis and rising youth unemployment are taking a toll. For the first time in years, China’s growth is expected to lag behind other Asian nations. Check out this graphic to see how per-capita GDP is projected to change across Asia from 2023 to 2026. Trade Now: https://bit.ly/attexpertoption

🔺U.S Nonfarm Payroll (NFP)🇷🇺                        U.S NFP ⭐️⭐️                            Today ✅             ⏱Time - 7:00PM (IST)        🔥Don’t Miss the Opportunity🔥    Join Our Free VIP Signal Group Now💬

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#economic_calendar These events may affect the market on 7 February.

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BTCUSD, 30-minute timeframe chart BTCUSD formed a bullish Triangle pattern 👉General outlook BTCUSD has been trading in a sideways market within the last day. Now, the price displays the Triangle pattern. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 98,781.84. Set your stop loss at 97,628.84 below the previous low ($11.53 loss for 0.01 lot) and take profit at 99,934.84 ($11.53 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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USDJPY, 15-minute timeframe chart USDJPY pulled back from the resistance level of 152.900 👉General outlook USDJPY has been trading in a bullish trend for the last couple of hours. The pair rose to the resistance level of 152.900. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 152.628. Set your stop loss at 153.199 above the previous high ($3.74 loss for 0.01 lot) and take profit at 152.058 ($3.74 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.

📊 Gold continues rising The gold (XAU) price rose by 0.81% on Wednesday as investors continued to flock to safe-haven assets amid escalating concerns about the economic impact of a potential U.S.–China trade war. Also, weaker-than-expected U.S. macro statistics gave bullion an additional boost. 👉 Possible effects for traders Gold continues to be largely influenced by trade uncertainties—the tariffs with China and the retaliation has the market on edge, so safe-haven flows remain the dominant factor', said Peter Grant, vice president and senior metals strategist at Zaner Metals. In response to U.S. actions, China imposed its own tariffs on U.S. goods earlier this week as the U.S. President showed no interest in engaging with Chinese President Xi Jinping to mitigate the tensions. Economists largely agree that trade tariffs could drive U.S. inflation higher, making the Federal Reserve (Fed) more likely to hold its base interest rate higher for longer. At the same time, yesterday's U.S. ISM Services report came out much weaker than expected, improving the chances for an additional interest rate cut later this year. Overall, while the strong U.S. dollar and still relatively hawkish Fed exert downward pressure on XAUUSD, geopolitical uncertainty continues to push investors into safe-haven assets. XAUUSD was rising slightly during the Asian and early European trading sessions. Today, the formal macroeconomic calendar is relatively uneventful, but traders should monitor the news for any developments regarding U.S.-China trade relations. In addition, the Jobless Claims report at 1:30 p.m. UTC may spur some extra volatility. Lower-than-expected figures will likely have a slight bearish impact on XAUUSD, while higher-than-expected results may help the pair retest recent highs. 'Spot gold may rise to $2,934 per ounce, as suggested by a projection analysis and a rising channel', said Reuters analyst Wang Tao. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 Euro rises slightly on weakened U.S. dollar The euro (EUR) gained 0.24% against the U.S. dollar (USD) on Wednesday as the greenback weakened following lower-than-expected U.S. ISM Services Index figures. 👉 Possible effects for traders Also, the absence of a U.S. response to China's newly imposed import tariffs may have contributed to a belief among some investors that a full-scale trade war could be avoided. This may have led some traders to close their long positions in the U.S. dollar, helping the euro recover. 'Markets continuing to price out tariff risks from FX markets', said Nick Rees, head of macro research at Monex Europe. Still, the eurozone economy remains deeply troubled, with little sign of a significant turnaround. Yesterday, French and Spanish Services Purchasing Managers' Indices (PMIs) came out weaker than expected. The data raised concerns about a potential slowdown in Europe's non-manufacturing sector, which has been a key driver of the eurozone economy's growth lately. Earlier today, EURUSD fell during the Asian and early European trading sessions. Traders should pay attention to any developments regarding U.S.–China trade relations. In addition, the German Factory Orders report at 7:00 a.m. UTC and Jobless Claims data at 1:30 p.m. UTC may heighten volatility. Technically, a failure to close above the key 1.04000 level means that bearish sentiment continues to dominate in EURUSD. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 Canadian dollar rises after a pause in U.S. trade tariffs The Canadian dollar (CAD) gained 0.1% yesterday after Canada won a reprieve from U.S. trade tariffs. 👉 Possible effects for traders Overall, USDCAD has been one of the most volatile Forex pairs lately. Trade tensions between the U.S. and Canada created significant uncertainty, impacting investor confidence and driving rapid price movements in the pair. However, despite a few substantial swings, USDCAD seems to have stabilised as Donald Trump paused the implementation of new tariffs and gave way to negotiations. Tariff worries are easing—for now, at least—allowing the CAD to stabilise. Unless trade talks deteriorate significantly again, there is a chance that the USDCAD peak reached Monday near 1.48 will represent a significant high-water mark for spot', said Shaun Osborne, chief currency strategist at Scotiabank. In addition, Canada Statistics reported yesterday that the country has managed to achieve a trade surplus for the first time in 10 months, as exports expanded faster than imports. The news may have also contributed to the USDCAD decline. Earlier today, USDCAD was rising during the Asian and early European trading sessions. Today, the formal macroeconomic calendar is relatively uneventful, but traders should monitor the news for any developments regarding U.S.–China trade relations. Also, Jobless Claims data due at 1:30 p.m. UTC may spur some extra volatility in the market. However, the major event for the USDCAD traders is tomorrow's Labour Force Survey report. Most traders will focus on the change in employment over the past month. Higher-than-expected figures may push USDCAD below 1.42200, whereas lower-than-expected results may prolong the bullish trend in USDCAD. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810