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#economic_calendar These events may affect the market on 28 January.

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

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USDCHF moves inside the descending price channel It seems that the USDCHF has reached the upper line of the descending price channel on the H4 chart, with continued clear pressure from the MA 50 indicator. Are you buying or selling?

📊 British pound rises on a weakening U.S. dollar The British pound (GBP) gained more than 1% against the U.S. dollar (USD) on Friday. The greenback weakened amid growing expectations that U.S. tariffs would be less severe than anticipated, reducing the likelihood of a global trade war. 👉 Possible effects for traders Better-than-expected U.K. Purchasing Managers' Indices (PMIs) data and lower-than-expected U.S. PMIs also fuelled Friday's GBPUSD rally. In addition, Friday's reports revealed that U.S. consumer sentiment weakened in January for the first time in six months amid worries about the labour market and potentially higher prices for goods. Still, the British economy suffers from lacklustre growth and a weakening jobs market. 'Today' data release won't alleviate the Bank of England's (BOE) concerns about the weakness of activity. We still think the Bank will cut interest rates from 4.75% now to 4.5% in February, but the strengthening in price pressures suggest it will cut rates only gradually thereafter', said Elias Hilmer, economist from consultancy Capital Economics. Interest rate swaps market data currently implies more than a 40% chance that the British central bank will reduce its base rate towards 4.5% by mid-June. GBPUSD was falling slightly during the Asian and early European trading sessions. Today's economic calendar is rather uneventful, so no big moves in EURUSD are anticipated. Still, the U.S. New Homes Sales report at 3:00 p.m. UTC may trigger increased volatility. Lower-than-expected numbers may push GBPUSD slightly higher, while higher-than-expected figures may bring the pair below 1.24400. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 Easing fears of trade wars push euro higher The euro (EUR) rallied by 0.75% against the U.S. dollar (USD) on Friday as the greenback weakened on expectations that tariffs enacted by U.S. President Donald Trump would be lower than previously anticipated and are unlikely to precipitate an international trade war. 👉 Possible effects for traders Fears of high tariffs on goods from China, Canada, Mexico, and the eurozone have recently driven U.S. Treasury yields and the U.S. dollar higher due to concerns about renewed inflation. However, this trend partially reversed last week as traders became less concerned about the scale and scope of potential tariffs. This shift followed U.S. President Donald Trump's remarks, indicating optimism about reaching a trade deal with China. 'People are less and less convinced that the tariffs are coming', said Adam Button, chief currency analyst at ForexLive in Toronto. At the same time, the market's focus shifted to the direction of the Federal Reserve's (Fed) monetary policy. Trump has explicitly stated that he wants U.S. interest rates to be lower. According to the CME FedWatch Tool, the probability that the Fed will cut the rates by 25 basis points (bps) in June has increased towards 45%, pressuring the greenback and pulling other major currencies higher. 'Some of the retrace in the greenback this week was likely due to technical reasons, after its 10% rise since the end of September', said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York. He added: 'A lot of good news for the U.S. is priced in'. A test for the U.S. dollar may come next week if the Fed holds rates steady and the European Central Bank, Bank of Canada, and Swedish Riksbank all cut rates, Chandler said. EURUSD was falling during the Asian and early European trading sessions. Today, the formal macroeconomic calendar is rather uneventful, so no big moves in EURUSD are currently anticipated. However, U.S. New Homes Sales data coming out at 3:00 p.m. UTC may trigger increased volatility in the market. Lower-than-expected results may pull EURUSD slightly higher, while higher-than-expected figures may push the pair below 1.04350 level. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 Gold continues moving upwards The gold (XAU) price rose by 0.64% on Friday as the U.S. dollar (USD) weakened after U.S. President Donald Trump called for lower interest rates, while the uncertainty around trade tariffs persisted. 👉 Possible effects for traders Trump is at risk of elevating prices, and I think the gold market perceives perhaps a higher inflation and possibly a central bank that's more accommodative', said Bart Melek, head of commodity strategies at TD Securities. Indeed, the probability that the Federal Reserve (Fed) will cut the rates by 25 basis points (bps) in June has increased towards 45%. Markets are also on high alert for potential trade policy changes, as Trump said that tariffs on goods from Mexico, Canada, China, and the European Union could be announced on 1 February. XAUUSD was falling during the Asian and early European trading sessions. The formal macroeconomic calendar is rather uneventful today. However, the U.S. New Homes Sales report, due at 3:00 p.m. UTC, may potentially trigger above-normal volatility. Lower-than-expected results may pull XAUUSD slightly higher, while higher-than-expected figures may push gold below $2,750. 'Spot gold may drop into a range of $2,726 to $2,743 per ounce, as it failed to break key resistance at $2,783', said Reuters analyst Wang Tao. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

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GBPJPY, 15-minute timeframe chart GBPJPY pulled back from the resistance level of 194.610 👉General outlook GBPJPY has been trading in a sideways market for the last couple of hours. The pair rose to the resistance level of 194.610. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 193.980. Set your stop loss at 194.770 above the previous high ($5.10 loss for 0.01 lot) and take profit at 193.190 ($5.10 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.05. The upcoming news will not influence your orders within the mentioned period.

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Stay tuned for potential market shifts and trading opportunities with the next week’s events from the financial calendar. Start Trading: https://bit.ly/attexpertoption

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