Technical My Tips

📊Euro rebounds from 1.11000 The euro (EUR) rose by 0.96% towards 1.11853 against the U.S. dollar (USD) on Tuesday after the U.S. dollar posted its strongest drop in three weeks. Weaker-than-expected U.S. consumer inflation data reinforced the case for a move dovish Federal Reserve (Fed) policy amid easing global trade tensions. 👉Possible effects for traders 'Despite the easing of the USD overnight, we consider there is more upside to the USD in the near term as market participants reassess the outlook for the U.S. and global economies following the temporary U.S.–China trade deal', Commonwealth Bank of Australia analysts wrote in a client note. They predicted a 2–3% rise in the U.S. Dollar Index over the next few weeks. However, the analysts added that 'we do not expect a full recovery in the USD back to levels traded at the start of the year'. 'Erratic policymaking in the U.S. has probably caused some permanent damage to the USD's status as a safe-haven currency'. EURUSD rose slightly during the Asian and early European trading sessions. Today's macroeconomic calendar is relatively uneventful, so the pair is unlikely to break its current trend. Key levels to watch today are support at 1.11000 and resistance at 1.12000. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 37888

📊The Japanese yen weakens The Japanese yen (JPY) lost 0.66% against the U.S. dollar (USD) on Tuesday. 👉Possible effects for traders Fundamentally, Japan's wholesale inflation remained elevated at 4% year-on-year in April, slightly easing from 4.3% in March. The decline signalled ongoing cost pressures from labour and raw materials. Persistent inflation keeps the Bank of Japan (BoJ) under pressure to tighten monetary policy further, which could support the yen. At the same time, the JPY's appreciation has contributed to a 7.2% decline in the import price index, helping to alleviate some upward pressure on overall costs. Analysts anticipate that the BoJ could implement another rate hike in September or October, building on its January move towards 0.5%, gradually shifting away from its ultra-loose stance. In the near term, the direction of the JPY will likely hinge on incoming economic data and the central bank's assessment of inflation dynamics and global risks. USDJPY fell during the Asian and early European trading sessions. Macroeconomic data showed that Japan's Producer Price Inflation (PPI) slowed towards 0.2% month-on-month in April from 0.4% in March. Data showed that Japan's producer prices rose by 4% year-on-year in April, down from 4.2% in March, marking the slowest pace since December. USDJPY traders should watch the critically important 148.640 level, as a break above it might trigger a major buyout. The support level for today is 147.000 Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 37888

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#economic_calendar These events will affect the market on 14 May.

HK50 extended its rally following a surge above the 22500 threshold. The price remains in an uptrend, with higher swings within the ascending channel and golden-cross of the EMAs suggesting the potential for further upside. If HK50 sustains its bullish momentum, the index could approach the channel's upper bound and 100% Fibonacci Extension at 24800. Conversely, if HK50 retraces, the index could retest the support at 22500, which coincides with EMA21.

📊 Gold collapses amid trade tariff easing Gold (XAU) declined by over 2.69% on Monday. 'Gold, conversely, faced significant headwinds, retreating from earlier highs above $3,400 down to nearly $3,200 as easing geopolitical fears and stronger economic optimism diminished safe-haven appeal', Saxo Bank analysts wrote. 👉Possible effects for traders The decline was driven by improved risk sentiment and reduced demand for safe-haven assets after a breakthrough in U.S.–China trade negotiations. The countries agreed to lower tariffs: U.S. rates on Chinese imports dropped from 145% towards 30%, and China's levies on U.S. goods fell from 125% towards 10% for the next 90 days. 'The progress made in trade talks between the U.S. and China over the weekend significantly dials back trade tensions, stoking risk appetite, and sapping gold's haven bid', Peter Grant, vice president and senior metals strategist at Zaner Metals, told MarketWatch. XAUUSD rose slightly during the Asian and early European trading sessions. Today, traders should focus on the U.S. Inflation Rate report at 12:30 p.m. UTC. The data may affect interest rate expectations and investor sentiment, increasing volatility in the Forex market, including XAUUSD. Key levels to watch are support at $3,195 and resistance at $3,265. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 37888

📊 Euro hits new lows The euro (EUR) lost 1.46% against the U.S. dollar (USD), closing at a five-week low on Monday after the U.S. and China reached a deal regarding trade tariffs. 👉Possible effects for traders On Monday, Washington and Beijing announced a 90-day agreement to significantly reduce the hefty trade tariffs they had imposed on each other. The deal triggered a relief rally that lifted global stock markets and strengthened the U.S. dollar. 'It's way better than the market was expecting', said Rodrigo Catril, senior FX strategist at National Australia Bank. 'It's just an indication of, for one, the U.S. administration is quite sensitive to the impact (tariffs are) having on the economy, and some would say there's been a serious walk back in terms of what they've done'. EURUSD fell during the Asian and early European trading sessions. Traders should stay alert for new developments in global trade tariffs and peace negotiations between Russia and Ukraine. In addition, the German ZEW Economic Sentiment report at 9:00 a.m. UTC today may add volatility to the market. Higher-than-expected figures could finally push EURUSD above the critical 1.11500 level. Conversely, lower-than-expected numbers may trigger a pullback towards 1.10500. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 37888

📊 British pound falls against U.S. dollar The British pound (GBP) decreased by 0.96% on Monday as the U.S. dollar (USD) strengthened due to the U.S.–China trade agreement. 👉Possible effects for traders Earlier today, U.K. unemployment statistics were released. The increase in the U.K. unemployment rate from 4.4% towards 4.5% in March indicates a slight weakening in the labour market. A rising jobless rate may signal an economic slowdown, making the Bank of England more cautious about further rate hikes, as tighter monetary policy puts additional pressure on the economy. If this trend continues and inflation remains subdued, the central bank may even consider cutting rates to support employment and stimulate growth. This could increase the likelihood of pausing or reducing interest rates rather than further tightening. GBPUSD rose during Asian and early European trading hours, trying to recover some of yesterday's losses. Today, the U.S. Inflation Rate report is due at 12:30 p.m. UTC. Higher-than-expected numbers could support GBPUSD. Conversely, lower-than-expected figures may deepen the downtrend in the pair. "Key technical levels to watch are resistance at 1.31400 and support at 1.30400. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 37888

📈 What moved the market last week? Our latest market movers round-up reveals the key shifts: 🚀 Top Performers 🔹 XAUUSD (Gold) +2.60% — Despite losing some momentum late in the week, gold surged over 2.5% due to strong safe-haven demand and structural buying by China’s central bank (PBoC). Hopes for a U.S.–China trade deal briefly tempered the rally.  🔹 USDCAD +0.85% — The Canadian dollar held firm amid steady commodity prices.  🔹 USDCHF +0.53% — The Swiss franc edged lower as risk sentiment improved.  🔴 Biggest Laggards 🔹 EURUSD −0.42% — The euro dipped as the U.S. dollar showed mixed performance.  🔹 AUDUSD −0.48% — The Aussie dollar softened despite broader market optimism.  🔹 USDMXN −0.68% — The Mexican peso gained as risk appetite improved.  💡 Key Takeaways - Gold (XAU) led the pack, while the rand (ZAR) lagged behind.  - The U.S. dollar was mixed: it strengthened against some majors (CAD, CHF, JPY) but weakened against EM currencies (MXN, ZAR) and the euro.  - Risk appetite improved late in the week, pressuring safe havens like gold but boosting higher-yielding assets. Follow @technicalmytips for more expert information

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📊 Gold slides on U.S.–China trade talks Gold (XAU) declined by over 3% on Monday, falling below $3,280 towards a one-week low. 👉Possible effects for traders Market appetite for safe-haven assets weakened amid renewed optimism surrounding U.S.–China trade relations. Over the weekend, officials from both sides concluded preliminary discussions and gave positive signals. Beijing announced its intention to begin formal negotiations, while the U.S. emphasised tangible progress towards a potential trade agreement. U.S. Treasury Secretary Scott Bessent confirmed that details on negotiations would be disclosed in a briefing later on Monday. The developments eased investor concerns and exerted downward pressure on gold. On the geopolitical front, the India–Pakistan ceasefire agreement held steady overnight into Sunday, despite early accusations of violations by both sides. The lack of immediate escalation further reduced demand for safe-haven assets like gold, reinforcing the broader sell-off in precious metals at the beginning of the trading week. Today, the economic calendar is relatively uneventful, but traders should monitor any developments in U.S. trade tariffs. 'There's strong optimism across the market of progress in U.S.–China trade talks in particular and more broadly more trade deals', said Matthew Weller, head of market research at StoneX. Key levels to watch for XAUUSD are support at $3,195 and resistance at $3,360. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 37888

📊 Euro hits new lows On Friday, the euro (EUR) rose by 0.19% on prospects of a trade deal. 👉Possible effects for traders The U.S. dollar (USD) faced sustained downward pressure in recent weeks due to U.S. President Donald Trump's unpredictable trade policies. However, the dollar stabilised last week after the Federal Reserve (Fed) indicated it doesn't plan further rate cuts in the near term. Investors are now closely watching the upcoming April's consumer price data for signs of tariff-driven inflation. Meanwhile, flat retail sales are anticipated in April, following a surge in March, hinting potential signals of trade-related headwinds in the broader economy. 'What we seem to have here, then, is a broad framework under which the two nations can conduct further talks, with the aim of reaching a broader trade agreement,' said Michael Brown, a senior research strategist at Pepperstone. 'Not the worst-case outcome that was possible from this weekend's talks, far from it, but not a concrete deal either', he added. 'Does this progress allow for any tariffs to be paused, reduced, or rolled back, and if so, for how long?' EURUSD declined slightly in the Asian and early European trading sessions. Today, the formal macroeconomic calendar is rather light, so volatility will likely remain low. Technically, EURUSD will probably remain under bearish pressure as long as the price remains below the key 1.13000 level. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 37888

📊 USDJPY tries to renew highs amid U.S.–China trade talks USDJPY hit a four-week high of 146.189 but failed to hold its gains, declining by 0.25% on Monday. 👉Possible effects for traders Market sentiment improved after officials from the U.S. and China highlighted tangible progress in negotiations. U.S. representatives emphasised steps toward narrowing the trade deficit, while Chinese authorities referred to the discussions as reached an 'important consensus'. Despite this progress, U.S. Commerce Secretary Howard Lutnick noted that existing 10% tariffs on other nations would likely remain. Attention is now shifting to U.S.–Japan trade discussions, with Tokyo targeting a finalised agreement by June. Domestically, Japan reported a current account surplus of ¥3.45 trillion in March, moderating slightly from a record ¥4.06 trillion surplus in February. While the strong external balance underscores the country's resilient export performance, this has done little to support the Japanese yen (JPY) amid the prevailing risk-on sentiment. Investors appear more focused on global trade developments and interest rate differentials, which continue to drive the currency lower. USDJPY moved sideways during the Asian and early European hours. Two key economic releases this week could impact the pair. First is the U.S. Inflation Rate report, due at 3:30 p.m. UTC tomorrow. Stronger-than-expected figures may trigger a correction in USDJPY, while weaker data could support the pair. Second is the Japan's Gross Domestic Product report, which will come out on Thursday at 11:50 p.m. UTC. A higher-than-expected number could push USDJPY to new highs, while softer data could trigger a downward correction. Key levels to watch for USDJPY are support at 145.000 and resistance at 146.200. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 37888

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This Buddha Purnima, let’s reflect, realign, and rise. May wisdom guide your journey both in life and investments.

This Buddha Purnima, let’s reflect, realign, and rise. May wisdom guide your journey both in life and investments.

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