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🚀 Gold rises on continuing geopolitical tensions Gold (XAU) rose by 1.07% on Thursday, the day after the Federal Reserve (Fed) cut interest rates for the first time in four years. The rise happened despite the lower-than-anticipated U.S. Jobless Claims report. XAUUSD finished the trading session below $2,600, ready to go higher. 👉 Possible effects for traders The U.S. Department of Labor reported 219,000 new unemployment claims last week, below the estimate of 229,000, according to MarketWatch. The better-than-expected data eased concerns about the health of the U.S. labour market. Still, the Fed interest rate decision plays a bigger role in determining the future dynamic of the gold price. ‘Overall, the market appears to be primed for consolidation after a strong rally ahead of the meeting. However, the prospect of reduced funding costs in the upcoming months will likely provide additional support’, noted Saxo Bank analysts. Also, the conflict between Israel and Lebanon additionally supports the precious metal. Yesterday, Israel launched a wave of airstrikes in southern Lebanon, the most intensive actions of the last few days. A new round of geopolitical tensions can support gold prices or even push it towards new maximums. XAUUSD continued to rise during Asian and early European trading sessions. The price is getting closer to the resistance level of $2,600, and it seems ready to establish new maximums. No major economic events are scheduled for today, although new geopolitical factors can affect the market. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🚀 EURUSD rises despite better-than-expected U.S. data The euro (EUR) gained 0.39% against the U.S. dollar (USD) yesterday, even though U.S. macroeconomic data generally came out better than expected. 👉 Possible effects for traders The market continues to price in more rate cuts by the Federal Reserve (Fed) later this year and in 2025. Interest rate swaps market data implies roughly 200 basis points (bps) worth of rate cuts by the Fed and less than 165 bps of cuts by the European Central Bank (ECB) by the end of 2025. As a result, the fundamental pressure on the EURUSD remains bullish. However, there is a high risk that investors' monetary policy expectations may begin to change, especially if the U.S. data continues to be stronger than expected. Indeed, the latest statistics—Retail Sales, Jobless Claims, New York and Philadelphia Manufacturing Indices reports—didn't support the case for more rate cuts. Fed Chair Jerome Powell said on Wednesday that he sees no recession risks. At the same time, the ECB may be forced to pursue a more dovish monetary policy as a stagnating manufacturing and industrial base in Germany clouds the eurozone economic outlook. ‘The hope for a swift improvement in the economic situation is visibly fading’, said Achim Wambach, president of ZEW Economic Research Institute. EURUSD rose slightly during the Asian and early European trading sessions. Today, traders should watch the speeches of central bank officials. Christine Lagarde, the ECB President, will speak at 3:00 p.m. UTC, and FOMC member Patrick Harker will give a speech at 6:00 p.m. UTC. Investors will be looking for any clues on future changes in monetary policies. Arguably, Christine Lagarde's remarks will be more important. If she sounds less hawkish or more dovish than expected, EURUSD will weaken. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🗳U.S. Elections: Harris is leading Trump by 5%. According to the average survey data, Kamala Harris leads in swing states such as North Carolina, Nevada, Michigan, Pennsylvania, and Wisconsin, while Donald Trump had a lot of support in Georgia. Still, they matched up in Arizona. A Reuters poll showed that Harris led Trump by 5%: 47% to 42%. ‘And while we have this extraordinary growing enthusiasm that the Vice President and Governor Walz are seeing everywhere, we are still in a margin-of-error race. It's tied. It's tied right here in Michigan. It's tied in all the battleground states’, campaign chief Jen O'Malley Dillon said. 👉 Possible effects for traders Donald Trump was dissatisfied with the results of the last debate, saying that the debate was rigged because the ABC News moderators fact-checked several comments he made. ‘They ought to take away their license for the way they did that’, he told Fox News. However, the First Amendment to the U.S. Constitution guarantees freedom of speech and the press, so the Federal Communications Commission can't revoke licenses based on editorial decisions. Courts have held that First Amendment rights bar the FCC from stripping a license based on editorial decisions. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🚀Bitcoin surges above $63,000 on dovish Fed decision Bitcoin (BTC) rose above $63,000 following the Federal Reserve's (Fed) dovish interest rate decision. 👉 Possible effects for traders The Fed cut the base rate by 50 basis points (bps) on Wednesday, decreasing the interest rate for the first in four years. By Thursday, the U.S. Dollar Index (DXY) remained near a 14-month low at 100.600, pressured by a rally in risk assets such as Bitcoin and increased optimism for a U.S. economy's soft landing. The Fed expressed confidence in inflation nearing 2%, and the decision aimed to prevent a labour market slowdown. However, Fed Chair Jerome Powell clarified that the central bank isn't hurrying to ease policy further, and 50 bps cuts won't become the norm. The U.S. dollar (USD) also weakened on concerns that other central banks might adopt less aggressive monetary policies. During the COVID-19 crisis in 2020, the Fed sharply cut interest rates towards 0–0.25%, which played a key role in driving Bitcoin's price from around $5,000 to an impressive $60,000. However, a series of rate hikes between March and December in 2022 increased rates towards 4.25–4.50% and caused Bitcoin to plunge from $46,000 to $16,000. Now, with the Fed starting to reduce interest rates, we could see a similar positive influence on Bitcoin, although the effect might be less noticeable. BTCUSD rose by 1.28% and reached $64,000 during the Asian trading hours. No major releases could influence the pair, so Bitcoin may continue its upward trend today. Traders are still digesting the Fed interest rate decision and trying to figure out the possible BTCUSD trend. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

AUDUSD, 15-minute timeframe chart AUDUSD formed a bullish Doji pattern 👉General outlook AUDUSD has been trading in a sideways market within the last day. Now, the price displays a bullish Doji pattern. The price is ready to rise. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 0.68125. Set your stop loss at 0.67995 below the previous low ($1.30 loss for 0.01 lot) and take profit at 0.68255 ($1.30 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. Some traders may close their positions on Friday, which can add more pressure to the market. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

GBPJPY, 15-minute timeframe chart GBPJPY broke the resistance level of 190.400 👉General outlook GBPJPY has been under buying pressure within the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 190.560. Set your stop loss at 189.910 below the previous low ($4.55 loss for 0.01 lot) and take profit at 191.210 ($4.55 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. Some traders may close their positions on Friday, which can add more pressure to the market. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

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GBPUSD, 15-minute timeframe chart GBPUSD broke the support level of 1.32590 👉Level explanation GBPUSD 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 1.32530. Set your stop loss at 1.32930 above the previous high ($4.00 loss for 0.01 lot) and take profit at 1.32130 ($4.00 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. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

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📊Gold drops on hawkish remarks from Jerome Powell Gold (XAU) fell by 0.4% on Wednesday following hawkish remarks by the Federal Reserve (Fed) Chair Jerome Powell at a press conference. 👉 Possible effects for traders On Wednesday, the Fed delivered its first interest rate cut since early 2020, surprising markets with a 50-basis-point (bps) reduction to address easing inflation and a possible labour market slowdown. XAUUSD briefly reached the $2,600 level before pulling back following Jerome Powell's remarks. Powell stated that the central bank isn't hurrying to ease policy and emphasised that 0.5% cuts are not the ‘new pace’. He also noted that the era of ultra-low interest rates is unlikely to return, with the neutral rate expected to be notably higher than before. The U.S. dollar (USD) strengthened across the board, with the strongest buying activity observed against the Japanese yen. Projections released after the Fed's two-day meeting revealed that a slim majority—10 of 19 officials—supported cutting rates by at least another 50 bps in the two remaining meetings this year. U.S. Treasury yields and the USD declined following the rate decision, while gold, which typically benefits from lower rates, initially climbed 1.2% before losing those gains. XAUUSD rose by 0.5% during the Asian trading hours. Today, traders will focus on another set of economic reports: Jobless Claims at 12:30 p.m. UTC and Existing Home Sales at 2:00 p.m. UTC. Weaker-than-expected results may trigger a minor bullish reaction in XAUUSD. However, reports indicating strong growth in the real estate sector and solid labour market may cause a sharp drop in the gold price. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊EURUSD faces uncertainty amid the Fed's rate cut and economic divergence The euro (EUR) gained 0.04% against the U.S. dollar (USD) during a very volatile trading session on Wednesday after the U.S. Federal Reserve (Fed) cut its base rate by 50 basis points (bps). 👉 Possible effects for traders EURUSD has been in a clear uptrend since the end of June 2024 as the divergence in monetary policy expectations between the European Central Bank (ECB) and the Fed began to expand. However, after the Fed's rate cut yesterday, there was doubt that the EUR would continue its rally for an extended period. The 1.12000 level now looks like a medium-term high, given that the eurozone economy is in a much bleak state than the U.S. one. During the press conference, Fed Chair Jerome Powell asserted that the economy is on solid ground and that a recession is unlikely. Indeed, the latest U.S. macro data—notably, the retail sales and building permits—indicate that the U.S. Gross Domestic Product (GDP) will probably expand in Q3. Therefore, while the market expects the Fed to pursue a dovish monetary policy, there is no urgency to do so. Meanwhile, the ECB may be forced to deliver more rate cuts as industrial output continues to decline, while the annual inflation rate in key eurozone economies— France and Germany—has already dropped below the ECB target. As a result, EURUSD may soon face bearish pressure as investors adjust their rate cut expectations. EURUSD fell sharply during the Asian trading session but completely recovered in the early European session. The key events today are the Bank of England (BOE) rate decision at 11:00 p.m., the U.S. Jobless Claims, and the Philly Fed Manufacturing Index report at 1:30 p.m. UTC. Although the BOE decision may not directly impact EUR pairs, it may spark volatility in the midst of a European trading session. If U.S. macro data is stronger than expected, EURUSD may fall sharply again, possibly testing the 1.10725 support level. If the U.S. data is weaker than expected, EURUSD's rally may temporarily extend towards 1.11650. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 USDJPY grows after the FOMC conference Yesterday, the Japanese yen (JPY) experienced high volatility after the Federal Reserve (Fed) interest rate decision and during a press conference. USDJPY finished the trading day above 142.000. 👉 Possible effects for traders The U.S. (USD) dollar rose slightly in a volatile trading day following the Fed's decision on Wednesday to lower interest rates by 0.5%. The large rate cut was due to increased confidence that inflation would continue to decline towards the central bank's target of 2%. The Fed lowered the rate to a range of 4.75–5%, and policymakers expect the benchmark rate to fall by another 0.5% by the end of the year, 1% by 2025, and a final 0.25% in 2026, ending in a range of 2.75–3%. The U.S. dollar initially fell following the Fed announcement but recovered some losses after Chairman Jerome Powell's comments at the press conference. During the press conference, Powell stated that he doesn't foresee any indications of a recession or even a potential economic slowdown in the near future. He emphasised that the current economic conditions don't suggest the likelihood of a downturn, as growth is occurring at a steady rate, inflation is decreasing, and the labour market remains strong. USDJPY moved bullishly during Asian and early European trading hours. The pair rose towards the 144.000 resistance level but quickly pulled back. Today, the U.S. Jobless Claims report comes out at 12:30 p.m. UTC. Lower-than-expected numbers may give extra support to USDJPY, while high figures will put bearish pressure on the pair. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

EURUSD, 30-minute timeframe chart EURUSD retested the resistance level of 1.11460 👉Level explanation EURUSD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 1.11460. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.11440. Set your stop loss at 1.11690 above the previous high ($2.50 loss for 0.01 lot) and take profit at 1.11190 ($2.50 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. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

USDCAD, 30-minute timeframe chart USDCAD broke the support level of 1.35800 👉Level explanation USDCAD 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 1.35690. Set your stop loss at 1.35910 above the previous high ($1.62 loss for 0.01 lot) and take profit at 1.35470 ($1.62 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. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

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BTCUSD, 15-minute timeframe chart BTCUSD tested the support level of 59,400.00 👉Level explanation BTCUSD 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 59,400.00. Set your stop loss at 58,700.00 below the previous low ($7.00 loss for 0.01 lot) and take profit at 60,400.00 ($10.00 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.43. The upcoming news will not influence your orders within the mentioned period. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

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