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TODAY QUOTE 👍🏻

NFP IMPACT OF THE DAY 🔥

Stay informed and trade in the octa app 📅 The Event The Nonfarm Payrolls (NFP) report will be released on Thursday, 7 February, at 1:30 PM UTC, giving the market a clear view of the health of the U.S. labour market. The report is expected to show a 170K increase in jobs and a 3.8% rise in hourly earnings, which will likely significantly impact USD and XAUUSD. 💡 Trading Idea XAUUSD is in an uptrend. Focus on buying opportunities: 🔹 Place pending Buy Limit orders on XAUUSD if there’s a bearish reaction to the NFP report. 🔹 Place pending Buy Stop orders if the report triggers a bullish reaction. 📊 Key Levels to Monitor 🔹 Support: 2,850, 2,834, 2,817 🔹 Resistance: 2,870, 2,900, 2,921 A break below 2,850 could open the way to the 2,834 level, where buying opportunities may arise. A break above 2,870 could lead bulls to target the 2,900 level, where tactical sell orders may be placed.

📊 Upcoming NFP report puts bearish pressure on gold The gold (XAU) price declined by 0.3% on Thursday as the U.S. dollar (USD) strengthened ahead of the critical U.S. jobs report. 👉 Possible effects for traders XAUUSD has been rising almost uninterruptedly since 30 January. It's not surprising that some investors decided to take profit and close their long positions ahead of the U.S. nonfarm payroll (NFP) report, which is traditionally considered one of the most volatile events in the market. 'In addition to the volatility in general, we still have inflation in the background that's starting to creep up, so gold is responding as a safe haven. Gold is on its way for $2,900, and you have very strong sentiment despite the fact that in the short term, the U.S. dollar gained strength', said Alex Ebkarian, chief operating officer at Allegiance Gold. Indeed, renewed trade tensions between the U.S. and China have not only increased geopolitical uncertainty but also stoked fear of higher inflation, leading many investors into safe-haven assets like gold and silver. Earlier today, XAUUSD was rising during the Asian and early European trading sessions. Today, the U.S. Bureau of Labour Statistics will publish its NFP report at 1:30 p.m. UTC. The report will clarify the state of the U.S. jobs market, revealing the latest unemployment figures and average hourly earnings. This data release may influence U.S. interest rate expectations and investors' sentiment and will likely affect the U.S. dollar (USD) and related pairs, including XAUUSD (gold). The market expects the number of jobs created to increase by around 170,000 in January and hourly earnings to grow by 3.8% annually. If the report is stronger than expected, XAUUSD may pull back noticeably. If the data comes below the expected, gold may receive a minor boost. 'Spot gold may retest resistance at $2,883 per ounce, with a good chance of breaking above this level and rising to $2,901', said Reuters analyst Wang Tao. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 Euro fails to strengthen on weak U.S. economic data The euro (EUR) lost 0.2% against the U.S. dollar (USD) on Thursday after the greenback moved higher despite weaker-than-expected Jobless Claims report. 👉 Possible effects for traders After hitting more than a 2-year low in mid-January, EURUSD has recovered somewhat. Technically, the pair is still trading within a major long-term bearish trend. Still, safe-haven flows into the U.S. dollar have been weakening slightly over the past few days as investors started to believe that a global trade war could be averted. 'Driving this correction have been several factors, the largest of which has probably been this week's tariff news, where it looks like the Trump administration has been using tariffs for transactional, not ideological purposes', said Chris Turner, global head of markets at ING. Investors believe that U.S. tariffs are purely negotiating tactics and aren't intended to turn the U.S. into a protectionist state. However, even if the eurozone can avoid higher U.S. tariffs, its long-term economic prospects still look bleak. Yesterday's eurozone retail sales figures came out weaker than expected, and traders still expect the European Central Bank (ECB) to pursue a more dovish monetary policy than the Federal Reserve (Fed). Earlier today, EURUSD was falling slightly during the Asian and early European trading sessions. Today's main event is the U.S. nonfarm payroll (NFP) report due at 1:30 p.m. UTC. It is one of the most highly-anticipated news releases in the Forex market and will likely trigger above-normal volatility. The market expects the number of jobs created in January to increase by around 170,000 and hourly earnings to grow by 3.8% annually. If the NFP numbers exceed the forecast, EURUSD will likely drop towards 1.03000. Otherwise, EURUSD will probably rise above 1.04500. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 BTC moves sideways due to cautious investors' sentiment On Thursday, Bitcoin (BTC) managed to rise above $99,000 but failed to move higher and finished the day essentially unchanged from Wednesday. 👉 Possible effects for traders BTCUSD has been moving sideways since the end of December 2024 as a strong rally fueled by Donald Trump's victory in the U.S. Presidential elections lost momentum, consolidating within a $93,000–106,000 range. The bearish pressure increased later as the risk of a potential trade war between the U.S. and China scared investors and caused a sell-off across financial markets. Fundamentally, BTCUSD has been trading as a risk asset akin to the NASDAQ Index and hasn't got the same safe-haven flows as gold, which means that the crypto coin continues to positively correlate with investors' risk sentiment. Thus, the current rise in geopolitical risks and the Federal Reserve's hawkish stance on U.S. interest rates must have a bearish impact on BTCUSD. At the same time, there has been some bullish news, which may support BTCUSD in the long run. Blackrock, the world's largest asset management firm with over $10 trillion in assets, has announced its plans to list a bitcoin exchange-traded product (ETP) in Europe. This would be Blackrock's first crypto-linked ETP outside the U.S. and may attract significant interest due to Blackrock's reputation, leading to higher capital inflows into BTC. Earlier today, BTCUSD was rising slightly during the Asian and early European trading sessions. The U.S. nonfarm payroll (NFP) report due at 1:30 p.m. UTC may trigger above-normal volatility in BTCUSD. Higher-than-expected figures will likely increase the chances that the Federal Reserve will maintain interest rates at the current level, potentially potentially provoking a minor sell-off in BTCUSD. Conversely, lower-than-expected results may drive BTCUSD higher, possibly towards $100,000 Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

China’s economic engine is slowing down. After decades of rapid expansion, challenges like a property crisis and rising youth unemployment are taking a toll. For the first time in years, China’s growth is expected to lag behind other Asian nations. Check out this graphic to see how per-capita GDP is projected to change across Asia from 2023 to 2026. Trade Now: https://bit.ly/attexpertoption

🔺U.S Nonfarm Payroll (NFP)🇷🇺                        U.S NFP ⭐️⭐️                            Today ✅             ⏱Time - 7:00PM (IST)        🔥Don’t Miss the Opportunity🔥    Join Our Free VIP Signal Group Now💬

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