Technical My Tips

New Video Out 🔥 Must Watch 🔥🔥

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

📊 Gold is caught between technical sell-off and Trump policy uncertainty Gold (XAU) fell by over 1% on Monday, pressured by a strong U.S. dollar (USD). The greenback remained near a two-year high following Friday's robust jobs report that reinforced expectations of a more cautious approach to rate cuts by the Federal Reserve (Fed) this year. 👉 Possible effects for traders We had a better-than-expected U.S. job report, which strengthened the U.S. dollar and the Treasury yields. Gold's move lower here is some follow-through on the stronger-than-expected report', said Bob Haberkorn, senior market strategist at RJO Futures. Additionally, gold bulls may have closed some of their long positions, so part of the reason for Monday’s decline was purely technical. Fundamentally, XAUUSD remains under bullish pressure amid uncertainty around the incoming Donald Trump administration's policies. His proposed trade tariffs and immigration policies are expected to be inflationary and could spark trade wars, adding to gold's allure as a safe-haven asset. XAUUSD was rising during the Asian and early European trading sessions. Today, the market will focus on the U.S. Producer Price Index (PPI) report, due at 1:30 p.m. UTC, and Fed officials' speeches. Analysts anticipate a 0.3% rise in monthly core PPI and a 3.8% annual increase. If the numbers are higher than expected, XAUUSD may drop towards the $2,635 level. Conversely, lower-than-expected results may push the pair above $2,700. 'Spot gold may fall towards $2,635 per ounce, a level pointed by a rising channel', said Reuters analyst Wang Tao. Sign Up Now ➡️https://tlt.ink/octa Partner Code ➡️ 3788810

📊 Euro remains under bearish pressure despite a brief rebound Yesterday, the euro (EUR) dropped below the 1.01800 level but later recovered most of the losses and finished the day essentially unchanged from Friday. 👉 Possible effects for traders Fundamentally, EURUSD is still under bearish pressure due to the divergence in monetary policy expectations between the European Central Bank (ECB) and the Federal Reserve (Fed). This underlying divergence results from many factors, including the comparatively stronger performance of the U.S. economy relative to the eurozone. The latter experiences more sluggish growth and faces challenges such as energy dependence and geopolitical instability. Most recently, a better-than-expected U.S. nonfarm payroll (NFP) report made traders scale back their U.S. rate cut bets in 2025. Furthermore, with President-elect Donald Trump returning to the White House next week, attention has turned to his policies, which analysts predict will stimulate growth and intensify inflationary pressures. ING strategists said the combination of a stronger U.S. dollar (USD) and higher Treasury yields is crowding out financial flows to the rest of the world and is starting to cause problems. 'Using the tariff era of 2018–2019 as a template, we expect the dollar to stay strong all year', they wrote in a note. Meanwhile, Olli Rehn, a Finnish policymaker, stated that the ECB will keep cutting interest rates and should end policy restrictions in the coming months. This means that traders continue to lack any fundamental reasons to invest heavily in the euro. EURUSD rose during the Asian session but started to fall again during the early European trading hours. Today's focus is on the U.S. Producer Price Index (PPI) report, due at 1:30 p.m. UTC, and the handful of speeches by the Fed officials. The market expects a 0.3% rise in monthly core PPI and a 3.8% annual increase. If the PPI report indicates higher-than-expected figures, EURUSD may drop towards the 1.01550 level. Conversely, lower-than-expected results may pull the pair above the 1.03000 mark. Sign Up Now ➡️https://tlt.ink/octa Partner Code ➡️ 3788810

📊 GBPUSD decline may pause On Monday, the British pound (GBP) continued to fall against the U.S. (USD) dollar, driven by concerns about Britain's fiscal sustainability. Gilt yields rose again for the sixth day in a row, but GBP recovered during the afternoon trading hours and finished the day slightly above the important support level of 1.22000. 👉 Possible effects for traders On Monday, U.K. Prime Minister Keir Starmer stated that the government would continue to follow the fiscal guidelines outlined in the October budget presented by Finance Minister Rachel Reeves. He expressed his full confidence in her abilities. However, there was little market response to his remarks. Reeves has set a narrow margin for error when it comes to balancing public spending and tax revenue by the end of the decade. Nevertheless, recent increases in borrowing costs and slower U.K. economic growth in the second half of 2024 have made it more challenging to achieve this goal. This week, the market will focus on British inflation data. The Consumer Price Index (CPI) is projected to increase by 2.6% annually in December, while core CPI is anticipated to slow towards 3.4%, down from 3.5% in November. The British pound has been a target for global currency traders, as British markets have been affected by increased bond yields. This trend started in the U.S. due to concerns about rising inflation and a reduced likelihood of interest rate cuts from the Federal Reserve (Fed). On Friday, the release of strong U.S. employment data further fuelled the upward trend in global bond yields, as financial markets no longer fully expect a rate cut from the central bank this year. While higher bond yields often support a national currency, U.K. analysts expect that higher borrowing costs could force the government to cut spending or increase taxes to meet fiscal obligations. This could hinder future economic growth. GBPUSD was moving sideways, slightly above the 1.22000 support level during Asian and European trading hours. Today, the U.S. Producer Price Index (PPI) report comes out at 1:30 p.m. UTC. A higher-than-expected reading will put downward pressure on GBPUSD, while softer data may help GBPUSD rebound from the support level and gain short-term bullish momentum. Sign Up Now ➡️https://tlt.ink/octa Partner Code ➡️ 3788810

Today, as different corners of India come alive with harvest celebrations, we join in the spirit of gratitude, joy and growth. Happy festivities to you and your loved ones! 🎊 #MakarSankranti #Lohri #Bihu #Pongal #AngelOne@technicalmytips

Happy Makar Sankranti All TMT Family 🙏🪁

📊 Gold rises ahead of Donald Trump's inauguration On Friday, gold (XAU) increased by 0.74%, as the uncertainty regarding the policies of the incoming Donald Trump administration boosted the appeal of safe-haven assets. The rise occurred despite stronger-than-anticipated U.S. labour data, supporting the expectation that the Federal Reserve (Fed) may not decrease interest rates significantly this year. 👉 Possible effects for traders The price of gold dipped briefly towards $2,663 after the nonfarm payroll (NFP) report showed 256,000 jobs added last month, exceeding the expected increase of 160,000. The unemployment rate stayed at 4.1%, matching the forecast of 4.2%. Traders now expect the Fed to lower interest rates by only 27 basis points (bps) this year, down from the previous forecast of around 45 bps rate cuts. Still, XAUUSD quickly recovered and reached its highest level since 12 December, indicating a potential weekly increase of more than 1.7%. 'Gold's price movement indicates a lack of sellers willing to sell the metal, a sentiment reinforced by the significant rise last year', said Tai Wong, an independent metals trader. Despite a stronger-than-expected U.S. employment report, gold remained steadfast. One reason for gold's resilience may be the uncertainty surrounding President-elect Donald Trump's inauguration. David Meger, Director of Metals Trading at High Ridge Futures, explains: 'With the inauguration of President-elect Trump on 20 January approaching, investors are concerned about his plans to impose tariffs on a wide range of imports. This could lead to inflation and restrict the ability of the Fed to reduce interest rates'. XAUUSD was moving sideways during Asian and early European trading hours. No significant events that may affect the market are expected today. 'Spot gold may retest resistance at $2,700 per ounce, a break above which could open the way towards $2,707–$2,715 range', said Reuters analyst Wang Tao. Sign Up Now ➡️https://tlt.ink/octa Partner Code ➡️ 3788810

📊 Euro plunges on diverging monetary policies' outlooks The euro (EUR) lost 0.52% against the U.S. dollar (USD) and closed at a 26-month low on Friday after a better-than-expected U.S. nonfarm payroll (NFP) report pulled U.S. Treasury yields and the greenback higher. 👉 Possible effects for traders U.S. job growth surged unexpectedly last month, with the unemployment rate dropping towards 4.1%, signalling a robust labour market at year's end. This led traders to reduce further their expectations of interest rate cuts by the Federal Reserve (Fed) this year. Furthermore, worries that Donald Trump's proposed import tariffs, tax cuts, and immigration restrictions could fuel inflation additionally reinforce the expectation of a less aggressive easing cycle. Indeed, the market currently prices in an almost 70% chance that the U.S. base will remain unchanged through May 2025, with the probability of a 25-basis-point (bps) rate cut in June just under 50%. Meanwhile, traders have a totally different outlook on the European Central Bank's (ECB) monetary policy. They expect the ECB to deliver at least two additional 25-bps rate cuts by mid-April 2025. This massive divergence in interest rate expectations exerts downward pressure on EURUSD. However, the pair has already lost some 9% since the end of September 2024, and some traders are starting to believe that EURUSD may be undervalued, at least in the short term. EURUSD continued to fall during Monday's Asian and early European trading sessions. Today's formal macroeconomic calendar doesn't feature any prominent events that could trigger a substantial move in EURUSD. Thus, traders may use this opportunity to take profit and close their short positions. As a result, a technical short-term rebound in EURUSD is possible. The support at 1.01970 and the resistance at 1.02540 are key levels to watch. Sign Up Now ➡️https://tlt.ink/octa Partner Code ➡️ 3788810

📊 USDJPY declines due to strong U.S. labour data USDJPY declined by 0.25%, while the U.S. Dollar Index (DXY) surged on Friday following the nonfarm payroll report (NFP) release. The data indicated a higher-than-anticipated number of jobs added in the previous month, reinforcing expectations of less dovish monetary policy by the Federal Reserve (Fed). 👉 Possible effects for traders The U.S. dollar (USD) value increased after the Department of Labor announced that the U.S. economy added 256,000 new jobs in December, significantly surpassing the forecast of 160,000. Strong employment data indicates there is no need for the Fed to reduce interest rates rapidly. Jane Foley, Chief FX Strategist at Rabobank in London, stated that the Fed will likely reduce interest rates only once this year. However, if President Donald Trump's policies are implemented promptly, the chances for interest rate reductions may be lost entirely. During his presidential campaign, Trump suggested introducing tariffs, lowering taxes, and implementing a deportation of immigrants, which could potentially lead to rising inflation. The University of Michigan's consumer sentiment survey revealed increased inflation expectations, strengthening the U.S. dollar. The report indicated that one-year inflation expectations rose towards 3.3% in January—the highest since May—up from 2.8% in December. Following the release, the market has started to anticipate a pause in the easing cycle at the January meeting. Analysts now expect only a 27-basis-point (bps) reduction in interest rates throughout 2025. They believe the next rate cut will likely occur at the June meeting. Meanwhile, recent events in Japan, such as the potential for continued wage growth and the impact of a weaker Japanese yen (JPY) on imported prices, have drawn the attention of central bank officials to increasing inflationary pressures. These developments have led to speculation that the central bank may adjust its price forecast upward this month. During the Asian and early European trading hours, USDJPY continued its downward correction, which had started on Friday. Today, Respect for the Aged Day is celebrated in Japan, so analysts expect low volatility in JPY-related pairs and the continuation of previously established trends. Sign Up Now ➡️https://tlt.ink/octa Partner Code ➡️ 3788810