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📊Trade tariffs weakened U.S. dollar and supported euro The euro (EUR) rose by 0.57% against the U.S. dollar (USD) on Wednesday. The greenback weakened after U.S. President Donald Trump announced reciprocal tariffs, escalating a global trade war and stirring fears about economic recession. 👉Possible effects for traders An import tariff on the European Union (EU) of 20% will likely provoke retaliatory tariffs from the EU, escalating a conflict and impacting businesses on both sides of the Atlantic. Ursula von der Leyen, the President of the EU Commission, described the tariffs as a major blow to the world economy. She said the bloc was prepared to respond with countermeasures if talks with Washington fail. 'The consequences will be dire for millions of people around the globe', she said in a statement. Meanwhile, concerns over a growing global trade war's effect on the U.S. economy and recent disappointing economic data have fueled recession anxieties and weakened the U.S. dollar. The Trump tariffs are 'going to result in lots of tit-for-tat negotiations—what concessions can be made to get these down, whatever leverage the U.S. exerts to get other countries to do something to get these tariff levels down, whether it's defence considerations in Europe or Japan', said John Hardy, chief macro strategist at Saxo Bank in Copenhagen. Traders should brace for a lot of volatility in the weeks ahead as countries engage in trade negotiations. EURUSD rose sharply during the Asian trading session and continued to move higher during the early European hours, potentially heading towards 1.10000. Major investors seem to flock to the safety of the Japanese yen and the Swiss franc, putting bearish pressure on the U.S. dollar. Today, the market will focus on the countries' response to the tariffs, with China's and the EU's reactions being particularly crucial. U.S. economic data may also add to market volatility. Traders should monitor Jobless Claims data at 12:30 p.m. UTC and the ISM Services Purchasing Managers's Index report at 3:00 p.m. UTC. For EURUSD, key levels to watch are resistance at 1.10000 and support at 1.08800. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH Follow @octa_analytics for more expert information

📊CAD rises as traders worry about the future of U.S. economy The Canadian dollar (CAD) gained 0.5% against the U.S. dollar (USD) on Wednesday. The greenback weakened after U.S. President Donald Trump announced tariffs on many countries, leading to an escalating trade war and increased fears about economic recession. 👉Possible effects for traders Trump has already imposed on many goods from Canada 25% tariffs, and the country won't face additional levies from Wednesday's announcement. Reuters reported that Mark Carney, Canadian Prime Minister, spoke with Mexican President Claudia Sheinbaum about Canada's plan to 'fight unjustified trade actions'. As other countries, including Canada, retaliate and trade tensions escalate, the markets will increasingly shift to a risk-off mode. Investors will probably turn away from the U.S. dollar as they fear that the trade war will hurt the U.S. economy. As a result, the U.S. Dollar Index (DXY) will suffer, and other major currencies will appreciate. USDCAD has already dropped to a one-month low. More sellers may enter the market if the pair drops below the critical 1.41500 level. USDCAD fell during the Asian and early European trading sessions. Global reactions to Trump's tariffs, especially from China and the EU, will dominate market attention today. Also, two U.S. reports—U.S. Jobless Claims at 12:30 p.m. UTC and ISM Services Purchasing Managers Index at 3:00 p.m. UTC—are expected to contribute to market volatility. USDCAD traders should watch levels key levels for the pai: resistance at 1.42450 and support at 1.41800. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH Follow @octa_analytics for more expert information

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USDCAD, 30-minute timeframe chart 👉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 1.41600. Set your stop loss at 1.42000 above the previous high ($2.82 loss for 0.01 lot) and take profit at 1.41200 ($2.82 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. @octa_analytics

#economic_calendar These events may affect the market on 3 April. 🔥 Don't forget to get a 100% deposit bonus!

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BTCUSD, 15-minute timeframe chart 👉General outlook BTCUSD has been trading in a bullish trend for the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 85,679.99. Set your stop loss at 84,367.48 below the previous low ($13.12 loss for 0.01 lot) and take profit at 86,992.49 ($13.12 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. @octa_analytics

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GBPJPY, 15-minute timeframe chart 👉General outlook GBPJPY 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 193.050. Set your stop loss at 193.450 above the previous high ($2.68 loss for 0.01 lot) and take profit at 192.600 ($3.02 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.12. The upcoming news will not influence your orders within the mentioned period. @octa_analytics

📊Gold dips on profit-taking The gold (XAU) price declined by 0.4% on Tuesday. The rally paused, and traders took profit on their long positions ahead of the very strong resistance at $3,150. 👉Possible effects for traders Still, the demand for safe-haven assets remains strong. Investors await U.S. President Donald Trump's announcement of tariffs on countries that have a trade imbalance with the U.S. The Washington Post reported on Tuesday that the White House has drafted plans for tariffs of around 20% on most U.S. imports. It's 'not surprising to see a little bit of profit-taking, particularly given that the market had become rather overbought... I don't really see much of a change in the fundamentals... it's a perfect storm for gold', said Peter Grant, vice president and senior metals strategist at Zaner Metals. Goldman Sachs, a major U.S. investment bank, raised the probability of a U.S. recession from 20% towards 35% and said it expected more rate cuts by the Federal Reserve (Fed). Gold, which is considered a hedge against geopolitical and economic uncertainties, performs well in a low-interest environment. 'We continue to see the gold prices moving higher, due in part to increasing gold holdings by physically backed ETFs (exchange-traded funds) and robust central bank purchases', said Ryan McIntyre, senior portfolio manager at Sprott Asset Management. XAUUSD rose during the Asian session but lost most of its gains during the early European trading hours. The ADP U.S. Employment report, which is considered a proxy for Nonfarm Payroll (NFP) data, is due at 1:15 p.m. UTC today. It may trigger some volatility in all USD pairs. However, today's most important event is Donald Trump's press conference about tariff policies at 8:00 p.m. UTC. 'Spot gold still targets a range of $3,153 to $3,163 per ounce, as it has quickly recovered from the 1 April low of $3,107', said Reuters analyst Wang Tao. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH Follow @octa_analytics for more expert information

📊Uncertainty around trade tariffs weight down on euro The euro (EUR) lost 0.22% against the U.S. dollar (USD) on Tuesday after the latest U.S. macro statistics painted a rather mixed picture of the U.S. economy. Meanwhile, the eurozone Consumer Price Index (CPI) report largely aligned with the expectations. 👉Possible effects for traders According to the S&P Global survey, U.S. manufacturing activity contracted in March after two consecutive months of expansion. The survey also showed the highest inflation in nearly three years, suggesting that the Federal Reserve (Fed) may be unwilling to cut the rates soon. Investors are becoming increasingly concerned about rising prices, especially as it isn't clear to what extent new trade tariffs will impact national inflation. Another report by the Labour Department showed a smaller-than-expected increase in job openings, suggesting that the economy was slowing. 'It is clear that the manufacturing sector is already bearing the brunt of President Trump's protectionist policy changes—and that the rest of the economy could suffer the downstream consequences in the months ahead', said Karl Schamotta, chief market strategist at Corpay. Meanwhile, Ursula von der Leyen, the European Commission President, said that the European Union (EU) is open to negotiations with the U.S. on trade tariffs but would retaliate strongly if necessary. According to Reuters, investors have boosted their bets on rate cuts by the European Central Bank (ECB) due to tariff fears and weak economic data. These factors drive lower bond yields and the euro. EURUSD fell slightly during the Asian and early European trading sessions. The ADP U.S. Employment report—a proxy for Friday's Nonfarm Payroll (NFP) data—will be released at 1:15 p.m. UTC later today. The data may trigger some volatility in all USD pairs. However, all eyes will be on Donald Trump's press conference about tariff policies, which is scheduled for 8:00 p.m. UTC. If he talks about new planned tariffs on EU goods, EURUSD will likely weaken. Conversely, a more conciliatory tone may push the pair higher. Key levels to watch are resistance at 1.08220 and support at 1.07510. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH Follow @octa_analytics for more expert information

📊Japanese yen benefits from weakening U.S. dollar The Japanese yen lost 0.33% on Wednesday as the U.S. Dollar Index (DXY) recovered after a sharp drop on Tuesday. 👉Possible effects for traders According to Reuters, investors see the Japanese currency as a safer asset than the U.S. dollar in the current environment, as U.S. tariffs would likely hurt the U.S. economy. Unsurprisingly, USDJPY has been in a strong bearish trend since mid-January. 'With deeply contradictory narratives emerging around the scope, scale, and duration of the administration's proposed trade measures, investors are trimming risk across the currency markets and waiting for the details to emerge', said Karl Schamotta, chief market strategist at Corpay. Bank of Japan (BoJ) Governor Kazuo Ueda said planned U.S. tariffs could greatly impact world trade. Analysts say the influence of U.S. tariffs on Japan's economy will be key to how soon the BoJ raises interest rates. The bank's next meeting will be at the end of the month, from 30 April to 1 May. A Reuters poll showed that many analysts expect the BoJ to deliver its next rate hike in Q3, probably in July. USDJPY rose during the Asian and early European trading sessions. Today, the ADP U.S. Employment report will be released at 1:15 p.m. UTC, potentially triggering volatility in the market. Traders should closely monitor today's Donald Trump press conference about tariff policies at 8:00 p.m. UTC. If he announces plans to impose more tariffs, USDJPY will likely weaken. Otherwise, USDJPY may rally. Key levels to watch are resistance at 150.800 and support at 149.020. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH Follow @octa_analytics for more expert information

GBPUSD, 15-minute timeframe chart 👉Level explanation GBPUSD has been trading in a sideways market for the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.29170. Set your stop loss at 1.29420 above the previous high ($2.50 loss for 0.01 lot) and take profit at 1.28920 ($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. @octa_analytics

#economic_calendar This event may affect the market on 2 April. 🔥 Don't forget to get a 100% deposit bonus!

📅 April Forex calendar—stay ready for market shifts April kicks off a new quarter—and with it, fresh opportunities in the Forex market. Whether you're heading into spring or autumn, one thing remains the same: the market doesn’t slow down. This month’s events could shape global trends from inflation data to central bank meetings. 📌 Stay informed. 📌 Track the key dates. 📌 Plan your strategy with confidence. Follow @octa_analytics for more expert information

📊Gold is projected to rise by over $1,000 this year The gold (XAU) price surged by 1.27% on Monday, driven by very strong safe-haven demand. The rise happened due to concerns over potential tariffs that could fuel inflation and slow economic growth. 👉Possible effects for traders The demand for safe-haven assets has put gold on track for its best quarterly performance since 1986. 'The ongoing uncertainty regarding tariffs has affected equity markets and brought another round of safe-haven buying into the gold market. There are certain technical areas of resistance along the way that could cause a little profit-taking or pullback. But the ongoing bullish trend remains in place. The fundamental underpinnings remain in place', said David Meger, director of metals trading at High Ridge Futures. U.S. President Donald Trump is expected to announce reciprocal tariffs on 2 April, while automobile tariffs take full effect on 3 April. Trump also said he would impose secondary tariffs of 25–50% on buyers of Russian oil if he feels Moscow is blocking his efforts to end the war in Ukraine. Gold has experienced substantial growth, rising by approximately 18% since the year's beginning, following a more than 27% increase in 2024. This surge is attributed to supportive monetary policies, substantial central bank purchases, and increased retail and investor demand via exchange-traded funds (ETFs). Also, the gold price is supported by general repositioning into safe-haven assets amid a broader de-dollarisation trend, partly driven by geopolitical uncertainty. According to Reuters, Wall Street big banks have raised their outlook on gold prices. Goldman Sachs expects gold to surpass $4,500 within the next 12 months under extreme market conditions. XAUUSD rose during the Asian and early European trading sessions. Today, traders should continue monitoring developments on global trade tariffs and potential progress in Russia–Ukraine peace negotiations. In addition, U.S. macroeconomic releases may trigger extra volatility. ISM Manufacturing Purchasing Managers' Index (PMI) and JOLTS Job Openings are due at 3:00 p.m. UTC. Higher-than-expected figures may pause the rally in XAUUSD but are unlikely to break the trend. Lower-than-expected results may push the pair above $3,160. 'Spot gold may rise into a range of $3,153 to $3,163 per ounce, as it is about to break resistance at $3,139', said Reuters analyst Wang Tao. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH Follow @octa_analytics for more expert information

📊Euro remains in a sideways mode On Monday, the euro (EUR) traded within a broad 1.08150–1.08500 range against the U.S. dollar (USD) but finished the day essentially unchanged. 👉Possible effects for traders The uncertainty around U.S. tariffs keeps traders on the sidelines as they wait for clarity on U.S. President Donald Trump's trade policies. Traders are reluctant to open big orders. They are highly uncertain about the market's next move and worry ahead of a new round of reciprocal tariffs that the White House is expected to announce on Wednesday. 'I think we all need some certainty around tariffs, trade, and taxes, and maybe we'll get much of that come 2 April', said Tim Holland, chief investment officer at Orion. The market remains in wait-and-see mode, hoping that new details will emerge in the next few days and push EURUSD out of its sideways range. Meanwhile, Christine Lagarde, President of the European Central Bank (ECB), said that the implementation of the U.S. tariffs means Europe will have to take better control of its future. She suggested that the Eurozone should raise its own tariffs in response. Goldman Sachs, a major U.S. investment bank, raised the probability of a U.S. recession from 20% towards 35%. It also projected three interest rate cuts each from the Federal Reserve (Fed) and the ECB, up from its previous expectation of two reductions. EURUSD remained relatively unchanged during the Asian and early European trading sessions. Traders should closely monitor any news about U.S. trade tariffs and Russia–Ukraine peace negotiations. Also, the U.S. will release several economic reports that may increase volatility. ISM Manufacturing Purchasing Managers' Index (PMI) and JOLTS Job Openings will come out at 3:00 p.m. UTC. Also, the eurozone Consumer Price Index (CPI) report is due at 9:00 a.m. UTC. The data may provide clues on future changes in ECB interest rates. Key levels to watch are resistance at 1.08480 and support at 1.07820. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH Follow @octa_analytics for more expert information

📊British pound lacks data to establish a clear trend On Monday, the British pound (GBP) lost 0.15% against the U.S. dollar (USD) but generally continued to trade sideways. 👉Possible effects for traders After reaching a four-month high in mid-March, GBPUSD has been struggling to find a well-defined direction. This lack of clear movement is influenced by global economic uncertainty, particularly the potential impacts of the newly imposed and proposed trade tariffs. Also, the uncertainty surrounds the U.K.'s economic outlook and potential Bank of England (BoE) policy changes. These contribute to investors' indecision. Overall, the potential of U.S. tariffs to disrupt global trade relationships and a vague understanding of how it will impact the U.K. economy is a key factor in the market indecision. Therefore, traders are cautious as they wait for more data before opening trades. Meanwhile, Keir Starmer, the British Prime Minister, and Donald Trump discussed 'productive negotiations' towards a U.K.–U.S. economic prosperity deal. According to Reuters, economists expect Trump's tariffs to impact Britain less due to the country's more balanced trading position. 'There is some stress, but overall, because... the U.S. runs a trade surplus with the U.K. according to U.S. data, there is perhaps this perception that the U.K., from a political point of view, won't be embroiled in a trade war in the same sort of scale as the EU', said Jane Foley, head of FX strategy at Rabobank. GBPUSD remained virtually unchanged during the Asian and early European trading sessions. Traders should continue observing developments around global trade tariffs. Also, two U.S. macroeconomic releases may trigger extra volatility: ISM Manufacturing Purchasing Managers Index (PMI) and JOLTS Job Openings at 3:00 p.m. UTC. Higher-than-expected figures may push GBPUSD towards 1.28800. Conversely, lower-than-expected results may pull the pair above 1.29600. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH Follow @octa_analytics for more expert information

GBPJPY, 15-minute timeframe chart 👉General outlook GBPJPY 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 193.410. Set your stop loss at 193.010 below the previous low ($2.67 loss for 0.01 lot) and take profit at 193.810 ($2.67 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. @octa_analytics

XAUUSD, 15-minute timeframe chart 👉General outlook XAUUSD 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 3,132.10. Set your stop loss at 3,121.10 below the previous low ($11.00 loss for 0.01 lot) and take profit at 3,143.10 ($11.00 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. @octa_analytics