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📊 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

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BOE Interest Rate Decision 📈 🕗Today At 5:30PM (IST) 💥Don’t Miss the Opportunity💥 🍀BE READY WITH YOUR DEPOSIT 🔥

#economic_calendar These events may affect the market on 6 February.

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XAUUSD, 15-minute timeframe chart XAUUSD pulled back from the resistance level of 2,870.00 👉General outlook XAUUSD has been trading in a bullish trend for the last couple of hours. The pair rose to the resistance level of 2,870.00. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 2,869.01. Set your stop loss at 2,878.20 above the previous high ($9.19 loss for 0.01 lot) and take profit at 2,859.81 ($9.20 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. 👉Fundamental factors The U.S. ADP Employment Change report will be released in a few minutes and could affect this trade. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

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BTCUSD and the crucial sideways channel 🚀 After last week's downtrend, BTC price has started to recover and consolidate within a sideways price channel with the Stochastic indicator in a reversal zone. The price channel is crucial, with the potential to either break upwards and reach higher price levels or break the lower side of the channel and fall towards levels that may hit $80,000. 📈 Pick a side: 1. Breaking the channel upwards and rising 2. Breaking the channel downwards and falling

EURUSD, 30-minute timeframe chart EURUSD retested the resistance level of 1.04300 👉Level explanation EURUSD has been trading in a bullish trend for the last couple of hours. The pair rose to the resistance level of 1.04300. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.04275. Set your stop loss at 1.04517 above the previous high ($2.42 loss for 0.01 lot) and take profit at 1.04033 ($2.42 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. 👉Fundamental factors The U.S. ADP Employment Change report will be released in a few hours and could affect this trade.

USDCAD, 1-hour timeframe chart USDCAD retested the support level of 1.42700 👉General outlook USDCAD has been under selling pressure within the last couple of hours. The pair dropped to the support level of 1.42700. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 1.42793. Set your stop loss at 1.41732 below the previous low ($7.43 loss for 0.01 lot) and take profit at 1.43859 ($7.46 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. 👉Fundamental factors The U.S. ADP Employment Change report will be released in a few hours and could affect this trade. Open Account In Exness For Forex Trading & P2P Transaction👇 Link: https://tlt.ink/exness