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USDCAD market alert: two key reports to drive volatility 📅 Friday, 28 March  🕧 12:30 PM UTC: U.S. PCE Price Index and Canadian GDP Report Two high-impact economic reports—U.S. inflation and Canadian growth—are set to move markets this Friday. 🔹 U.S. Core PCE Price Index (a key Fed inflation gauge): 📈 Expected: +0.3% MoM, +2.6% YoY 🔹 Canadian GDP: 📈 Expected: +0.3% MoM (January) 💡 Market Impact  🔺 If U.S. inflation beats expectations and Canada’s GDP disappoints, USDCAD may spike upward. 🔻 If U.S. inflation cools while Canadian growth accelerates, USDCAD could drop sharply. 📊 Trading Idea USDCAD is in a downtrend—look for selling opportunities: 🔹 sell-limit orders if USDCAD jumps on bullish U.S. data 🔹 sell-stop orders if USDCAD drops on bearish U.S. or strong Canadian data Key levels to watch ✅ Support: 1.42350 → break below opens the path to 1.42050 ✅ Resistance: 1.43000 → a rally toward 1.43300 could trigger sell orders Stay ahead of the market and trade in the Octa app!

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📊Gold holds above $3,000 The gold (XAU) price remained relatively unchanged yesterday. Still, the bullish trend was intact as concerns over U.S. President Donald Trump's new tariffs kept prices above $3,000. 👉Possible effects for traders Although the U.S. Dollar Index (DXY) strengthened following the release of a much better-than-expected Durable Goods Orders report, XAUUSD barely changed. 'Gold remains underpinned by haven interest amid ongoing tariff uncertainties and geopolitical risks. Fresh record highs would bode well for the attainment of my next upside target at $3,150', said Peter Grant, vice president and senior metals strategist at Zaner Metals. Over the past few months, investors have been worrying that Trump's tariffs would stoke inflation and hinder economic growth. Thus, market participants were taking refuge in safe-haven assets like gold. However, the risk of new tariffs has been subsiding lately. Donald Trump said that automobile tariffs are coming soon but indicated that not all of the levies would be imposed on 2 April. Some countries may get a break from it. 'If the tariffs are not as serious as people are thinking, we could see a correction (in gold)', said Marex analyst Edward Meir. Meanwhile, Neel Kashkari, the President of the Minneapolis Federal Reserve (Fed), said 'we have more work to do' to get inflation towards the Fed's 2% target. He suggested that the U.S. central bank will cut the rates only cautiously in 2025. A less dovish Fed may limit the current XAUUSD rally. XAUUSD rose during the Asian and early European trading sessions. Today, traders should focus on the U.S. Gross Domestic Product (GDP) report and Weekly Jobless Claims at 12:30 p.m. UTC. Additionally, Pending Homes Sales will be released at 2:00 p.m. UTC. All three reports may shed more light on the U.S. interest rate path. The GDP report may have the slightest impact on XAUUSD because it will include the final estimates for Q4, which are already priced into the market. Unemployment claims and home sales data will have the most impact. Key levels to watch are support at $3,010 and resistance at $3,050. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH Follow @octa_analytics for more expert information

📊Euro remains under bearish pressure The euro (EUR) lost 0.36% against the U.S. dollar (USD) on Wednesday as the greenback strengthened after the higher-than-expected Durable Goods Orders report release. 👉Possible effects for traders U.S. Census Bureau reported yesterday that new orders for long-lasting, U.S.-made goods unexpectedly rose by 0.9% last month instead of the expected 1% decrease. However, new orders for core and non-defence capital goods fell. Demand could remain sluggish as economic uncertainty rises, discouraging businesses from boosting equipment spending. Still, the greenback strengthened after the report. Thus, other currencies, including the euro, declined. In addition, EURUSD is under pressure due to the uncertainty around new U.S. automobile tariffs. Maros Sefcovic, the European Union's (EU) trade commissioner, met with Donald Trump's top trade officials on Tuesday. They tried to avoid U.S. tariffs on EU goods, which were announced to be set next week, but the outcome was unclear. Meanwhile, Bank of America's data showed an acceleration of selling from the official sector—including sovereign wealth funds and central banks—of euros against the U.S. dollar since the beginning of last week. 'Such flows suggest the official sector has yet to believe in the fading of the 'U.S. exceptionalism' and the 'European renaissance' that could trigger a potentially substantial rebalancing towards EU assets', said Athanasios Vamvakidis, head of Forex strategy at BofA. The fundamental pressure on EURUSD remains bearish, especially given that the eurozone economy continues to struggle amid high energy costs and declining competitiveness. EURUSD rose during the Asian and early European trading sessions but remained below the important 10-day moving average. Today, U.S. macroeconomic data releases—Gross Domestic Product (GDP) report and Weekly Jobless Claims at 12:30 p.m. UTC, with the Pending Homes Sales report at 2:00 p.m. UTC—may trigger a lot of volatility in all USD pairs. Key levels to watch for EURUSD are support at 1.07290 and resistance at 1.08000. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH Follow @octa_analytics for more expert information

📊Newly announced U.S. tariffs pressure Canadian dollar The Canadian dollar (CAD) initially rose towards 1.42350 on Wednesday but later lost most of its gains and finished the day essentially unchanged. 👉Possible effects for traders Traders were unwilling to place bearish bets on USDCAD ahead of the expected U.S. auto tariffs announcements and the upcoming minutes from the Bank of Canada's (BOC) latest meeting. Yesterday, U.S. President Donald Trump announced a 25% tariff on imported cars and light trucks starting next week, further widening the global trade war. 'What we're going to be doing is a 25% tariff for all cars that are not made in the U.S.', Trump said at an event in the Oval Office. Canada sends about 75% of its exports to the U.S., including oil and autos. Mark Carney, Canadian Prime Minister, said if the ruling liberals win a 28 April election, his government would create a $1.4 billion fund to boost the auto sector's competitiveness. The BOC decided to cut rates by 25 basis points (bps) on 12 March, but the regulator saw fewer signs of inflation slowing, a summary of monetary policy deliberations showed. 'Policymakers are extremely sensitive to upside inflation risks after the past few years, especially with fiscal stimulus likely playing a role in the response to the trade war', said Benjamin Reitzes, Canadian rates and macro strategist at BMO Capital Markets. 'That won't keep the BoC from cutting rates if tariffs worsen, but it suggests any further easing won't be aggressive and limits how low the Governing Council is willing to go', he added in a note. USDCAD fell during the Asian and early European trading sessions but remained above the important 100-day moving average. Today, U.S. macroeconomic data releases at 12:30 p.m. and 2:00 p.m. UTC may trigger a lot of volatility in all USD pairs. Key levels to watch for USDCAD are support at 1.42340 and resistance at 1.42720. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH Follow @octa_analytics for more expert information

EURUSD, 15-minute timeframe chart 👉General outlook EURUSD has been under selling pressure within the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 1.07730. Set your stop loss at 1.07530 below the previous low ($2.00 loss for 0.01 lot) and take profit at 1.07930 ($2.00 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. @octa_analytics

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‼️ Join Octa Analytics VIP Unlock premium signals, exclusive offers, and important events to boost your trading success. To become a member of Octa Analytics VIP, follow these easy steps: 1️⃣ Make sure you have $50 or more in your account. 2️⃣ Take a screenshot of your balance and send it along with your Octa real account ID to our @octa_vip_bot chatbot. 3️⃣ Await verification—usually, it’s completed within one business day. Ready to take your trading to the next level? Let us steer you toward success. The sooner you join, the more you’ll benefit from our elite trading community! 💯 Limited-time offer 💯 Don’t miss the opportunity to use the BONUSVIP100 promo code for a 100% deposit bonus!

AUDUSD, 30-minute timeframe chart 👉Level explanation AUDUSD has been under selling pressure within the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 0.63260. Set your stop loss at 0.63565 above the previous high ($3.05 loss for 0.01 lot) and take profit at 0.62956 ($3.05 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. 👉Fundamental factors The U.S. Durable Goods Orders report will be released in a few minutes and could affect this trade. @octa_analytics

📊Gold rises after disappointing U.S. economic reports The gold (XAU) price rose by 0.25% on Tuesday as the U.S. dollar (USD) weakened. Greenback declined after disappointing consumer confidence and home sales data, while uncertainty around U.S. President Donald Trump's planned tariffs kept traders cautious. 👉Possible effects for traders Although Trump said that the administration won't impose all of the announced taxes on 2 April and that some countries might get breaks, gold investors preferred to maintain their long positions. 'Investors are concerned about the state of the world, especially with U.S. policies being what they are, and so they're buying gold as an alternative asset because they're concerned that the U.S. government may throw the world into a global recession', said Jeffrey Christian, managing partner of CPM Group. Indeed, the U.S. Consumer Confidence report indicated a decline in sentiment for four months, with households being the most pessimistic about the future in 12 years. 'Households were expecting President Trump to lead with tax cuts and deregulation, but instead, we have austerity and the prospect of significant trade tariffs. This is prompting anxiety about household finances and job prospects, with the concern being this translates into weaker spending', said James Knightley, chief international economist. Depressing mood among consumers might prompt the Federal Reserve (Fed) to speed up rate cuts, which may benefit gold. At the same time, Raphael Bostic, Atlanta Fed President, said he expected just one 25-percentage-point rate cut by the year-end, as inflation remains elevated. Overall, a strong bullish trend in XAUUSD remains intact amid geopolitical and economic uncertainties. 'The odds of rate cuts seem to be backing off a little bit, and I think overall, it's still really bullish for an inflationary metal like gold... I would say the next level up is probably around $3,125', said Daniel Pavilonis, senior market strategist at RJO Futures. XAUUSD fell during the Asian and early European trading sessions but remained above the 10-day moving average. Today's macroeconomic calendar is rather uneventful, but traders should monitor any new developments around trade tariffs. The U.S. Durable Goods report at 12:30 p.m. UTC may move XAUUSD. However, its impact will likely be limited as it's considered a lagging indicator. Additionally, two Fed officials will give speeches, adding volatility to all USD pairs. Key levels to watch for XAUUSD are support at $3,000 and resistance at $3,020. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH Follow @octa_analytics for more expert information

📊Euro remains under bearish pressure The euro (EUR) lost 0.08% against the U.S. dollar (USD) on Tuesday, despite the U.S. Dollar (DXY) weakening due to disappointing U.S. macroeconomic reports. 👉Possible effects for traders EURUSD has been declining for five consecutive trading sessions as the optimism around German fiscal expansion slowly waned. Meanwhile, the uncertainty around U.S. President Donald Trump's tariffs kept traders cautious. Trump's tariffs are widely expected to weigh down on economic growth, trigger further trade tensions, and drive up inflation. All these factors damage investors' sentiment and support safe-haven demand for the U.S. dollar and the Japanese yen. Risk-sensitive currencies such as the Australian dollar (AUD) remain under pressure. The euro also feels a negative impact because the eurozone is one of the most export-driven economies in the world. Meanwhile, Francois Villeroy de Galhau, French central bank chief, told a German newspaper there is still room to lower interest rates further. He commented that the 2.5% deposit rate could fall towards 2% by the end of the summer. Overall, the market still expects the European Central Bank (ECB) to be a bit more dovish compared to the Federal Reserve (Fed). Investors price in a 32% chance of two 25-basis-point (bps) rate reductions by the ECB by the year's end and a 27% probability of a similar cut by the Fed. EURUSD fell during the Asian and early European trading sessions, dropping below the important 10-day moving average. Today's economic calendar is rather uneventful. Traders should watch for new developments around U.S. trade tariffs and the ongoing Russia-Ukraine peace talks. U.S. Durable Goods report at 12:30 p.m. UTC may trigger a move in EURUSD, but its impact will likely be limited. Additionally, Fed officials will give speeches today, possibly adding volatility to USD and related pairs. Key levels for EURUSD traders to watch are support at 1.07670 and resistance at 1.08100. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH Follow @octa_analytics for more expert information

📊AUD declines despite weakening U.S. dollar The Australian dollar (AUD) gained 0.25% against the U.S. dollar (USD) on Tuesday as the greenback weakened due to disappointing U.S. consumer confidence and home sales data. 👉Possible effects for traders Yesterday's report by U.S. Conference Boards showed that consumer confidence in March plunged to the lowest level in more than four years. Households worry about a possible recession in the future and higher inflation because of tariffs. In addition, New Home Sales report came out below the market expectations, further damaging the greenback. 'Headwinds like weak homebuying sentiment and heightened economic uncertainty from tariffs could limit any growth in coming months', said Alice Zheng, an economist at Citigroup. Despite the possibility that weak economic data could push the Federal Reserve (Fed) to accelerate rate cuts, the market doesn't widely expect such a scenario. Interest rate swaps market data imply only a 27% probability of two 25-basis-point (bps) rate reductions by the end of the year. At the same time, the likelihood of a similar move by the Reserve Bank of Australia (RBA) is currently at more than 30%. AUDUSD rose sharply during the Asian and early European trading sessions, even as the latest Australian Consumer Price Index (CPI) report was weaker than expected. Australian Bureau of Statistics reported that inflation slowed in February, helped by a fall in electricity prices, while the decrease in home building costs and rent supported the case for more rate cuts. The RBA cut interest rates for the first time in over four years last month but said it was cautious about the prospects of further easing. The bank closely monitors the underlying inflation, which is expected to settle at 2.7% later this year, above the RBA's 2–3% target. 'We are confident that the RBA will keep rates on hold on 1 April', said Luci Ellis, chief economist at Westpac, hinting that the next rate cut would be in May. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH Follow @octa_analytics for more expert information

BTCUSD, 30-minute timeframe chart 👉Level explanation BTCUSD has been under buying pressure within the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 88,260.00. Set your stop loss at 89,220.00 above the previous high ($9.60 loss for 0.01 lot) and take profit at 87,300.00 ($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. @octa_analytics

‼️ Join Octa Analytics VIP Unlock premium signals, exclusive offers, and important events to boost your trading success. To become a member of Octa Analytics VIP, follow these easy steps: 1️⃣ Make sure you have $50 or more in your account. 2️⃣ Take a screenshot of your balance and send it along with your Octa real account ID to our @octa_vip_bot chatbot. 3️⃣ Await verification—usually, it’s completed within one business day. Ready to take your trading to the next level? Let us steer you toward success. The sooner you join, the more you’ll benefit from our elite trading community! 💯 Limited-time offer 💯 Don’t miss the opportunity to use the BONUSVIP100 promo code for a 100% deposit bonus!

XAUUSD, 30-minute timeframe chart 👉Level explanation 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 Sell order at 3,023.60. Set your stop loss at 3,035.23 above the previous high ($11.63 loss for 0.01 lot) and take profit at 3,011.97 ($11.63 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. 🗒Fundamental factors The U.S. Consumer Confidence report will be released in a few hours and could affect this trade. @octa_analytic

USDJPY, 30-minute timeframe chart 👉General outlook USDJPY has been under selling pressure within the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 150.375. Set your stop loss at 151.241 above the previous high ($5.75 loss for 0.01 lot) and take profit at 149.511 ($5.75 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. @octa_analytic