Technical My Tips

📊 Canadian dollar weakens due to U.S. dollar's rebound The Canadian dollar (CAD) lost 0.32% against the U.S. dollar (USD) on Friday, primarily due to a technical rebound in the U.S. Dollar Index (DXY). 👉 Possible effects for traders The greenback is undergoing a technical rebound after suffering a sustained sell-off in recent weeks, and other currencies are also seeing risk discounts come back as trade worries return', said Karl Schamotta, chief market strategist at Corpay in Toronto. An additional factor contributing to CAD's recent weakness is the Bank of Canada's (BOC) stance on interest rates. On Friday, BOC gave a clear signal that it would cut interest rates to support the economy in case of a trade war with the U.S. Provided the inflationary impact of tariffs is not too big, monetary policy can help smooth the (economy's) adjustment by supporting demand so it doesn't weaken too much more than supply', said Tiff Macklem, BOC Governor. 'Governor Macklem is finally saying the quiet part out loud. After having been non-committal about the likely monetary policy response to U.S. tariffs, he's now being clearer that the central bank would likely cut rates more than it would have otherwise if a trade war erupts,' said Royce Mendes, managing director and head of macro strategy at Desjardins. According to Reuters, investors see a 43% chance of a March rate cut by the BoC, up from 33% before Macklem's speech. USDCAD fell during the Asian and early European trading sessions. Today's macroeconomic calendar is uneventful, so the likelihood of big moves in CAD pairs is relatively low. However, Statistics Canada will release its latest report on corporate profits at 1:30 p.m. UTC, which may lead to above-normal volatility. Key levels to watch are support at 1.41749 and resistance at 1.42052. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 Canadian dollar weakens due to U.S. dollar's rebound The Canadian dollar (CAD) lost 0.32% against the U.S. dollar (USD) on Friday, primarily due to a technical rebound in the U.S. Dollar Index (DXY). 👉 Possible effects for traders The greenback is undergoing a technical rebound after suffering a sustained sell-off in recent weeks, and other currencies are also seeing risk discounts come back as trade worries return', said Karl Schamotta, chief market strategist at Corpay in Toronto. An additional factor contributing to CAD's recent weakness is the Bank of Canada's (BOC) stance on interest rates. On Friday, BOC gave a clear signal that it would cut interest rates to support the economy in case of a trade war with the U.S. Provided the inflationary impact of tariffs is not too big, monetary policy can help smooth the (economy's) adjustment by supporting demand so it doesn't weaken too much more than supply', said Tiff Macklem, BOC Governor. 'Governor Macklem is finally saying the quiet part out loud. After having been non-committal about the likely monetary policy response to U.S. tariffs, he's now being clearer that the central bank would likely cut rates more than it would have otherwise if a trade war erupts,' said Royce Mendes, managing director and head of macro strategy at Desjardins. According to Reuters, investors see a 43% chance of a March rate cut by the BoC, up from 33% before Macklem's speech. USDCAD fell during the Asian and early European trading sessions. Today's macroeconomic calendar is uneventful, so the likelihood of big moves in CAD pairs is relatively low. However, Statistics Canada will release its latest report on corporate profits at 1:30 p.m. UTC, which may lead to above-normal volatility. Key levels to watch are support at 1.41749 and resistance at 1.42052. 📊 Canadian dollar weakens due to U.S. dollar's rebound The Canadian dollar (CAD) lost 0.32% against the U.S. dollar (USD) on Friday, primarily due to a technical rebound in the U.S. Dollar Index (DXY). 👉 Possible effects for traders The greenback is undergoing a technical rebound after suffering a sustained sell-off in recent weeks, and other currencies are also seeing risk discounts come back as trade worries return', said Karl Schamotta, chief market strategist at Corpay in Toronto. An additional factor contributing to CAD's recent weakness is the Bank of Canada's (BOC) stance on interest rates. On Friday, BOC gave a clear signal that it would cut interest rates to support the economy in case of a trade war with the U.S. Provided the inflationary impact of tariffs is not too big, monetary policy can help smooth the (economy's) adjustment by supporting demand so it doesn't weaken too much more than supply', said Tiff Macklem, BOC Governor. 'Governor Macklem is finally saying the quiet part out loud. After having been non-committal about the likely monetary policy response to U.S. tariffs, he's now being clearer that the central bank would likely cut rates more than it would have otherwise if a trade war erupts,' said Royce Mendes, managing director and head of macro strategy at Desjardins. According to Reuters, investors see a 43% chance of a March rate cut by the BoC, up from 33% before Macklem's speech

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Yen cools off, Dollar keeps sliding, and AI optimism lifts Chinese stocks. Meanwhile, Indian indices struggle, and gold extends its record streak! 🌍 Catch the latest in global markets with The Global Bull! What’s the standout trend this week?🤔 - Dollar’s losing streak 👍 - Indian indices dip 😭 - China’s AI revival 😂 - Gold’s record run 🔥

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This chart? Gold. Your advantage? Experience the tightest, most stable spreads on the market because when volatility strikes, every pip counts. Gold hit an all-time high at $2,954—trade war fears, tariffs, and uncertainty are driving the rush. With markets on edge and Trump’s speeches sparking daily volatility, every move matters. Trade with the best spreads on gold.

📊 Gold continues grinding higher despite a more hawkish Fed outlook The price of gold (XAU) remained stable on Thursday. Still, XAUUSD continues rising for the eighth week straight, driven by worries about President Donald Trump's tariff plans, which could lead to trade conflicts and fuel inflation. 👉 Possible effects for traders Earlier this week, Trump announced that he'd impose more tariffs in the next month or so. He added lumber and other forest products to his plans to tax imported cars, chips, and medicine. Since he took office, Trump has already imposed a 10% tax on Chinese imports and an even bigger 25% tax on steel and aluminium. The Federal Reserve (Fed) worries about the impact of Trump's policies, like trade and immigration, on inflation. Fed official Adriana Kugler said it's best to keep interest rates where they are for now, considering all the uncertainty. Gold is a protection against geopolitical risk and inflation, but higher interest rates make it less attractive. Despite this, gold has been holding up well with short dips. The U.S. economy is still struggling, so the trade uncertainties are really boosting the appeal of gold as a safe-haven asset, according to IG market strategist Yeap Jun Rong. He said buyers are seriously eyeing the $3,000 price level, and it's hard to see them going against the overall upward trend. Meanwhile, Swiss gold exports increased year-on-year in January. The supply of gold to the U.S. soared to its highest level in at least the last 13 years, offsetting the lower deliveries to China and India, the two biggest consumers of Swiss gold. These were the findings from the Swiss customs data released on Thursday. XAUUSD slightly declines during Asian and early European trading hours. Today, the U.S. SP Global Composite Purchasing Managers' Index (PMI) report will be released at 2:45 p.m. UTC. A reading that exceeds expectations will be seen as a negative sign for XAUUSD, while a number falling short of expectations may contniue a bullish trend in the precious metal. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 Euro rises ahead of economic report and German elections On Thursday, the euro (EUR) increased by 0.76% due to the anticipation of European Purchasing Managers' Index (PMI) data on Friday and the upcoming German elections over the weekend. 👉 Possible effects for traders The yields on U.S. government bonds declined after a series of soft U.S. economic data and comments from Federal Reserve (Fed) officials. The President of the Fed Bank of Chicago, Austan Goolsbee, stated that he doesn't anticipate the Personal Consumption Expenditures (PCE)—the preferred inflation gauge of the central bank—to be as alarming as the recently reported Consumer Price Index. The President of the St. Louis Fed, Alberto Musalem, highlighted the risks of stagflation and the potential challenges this scenario could pose for policymakers. This week, the foreign ministers of the G20 leading economies were convening in South Africa. Senior U.S. officials declined to attend the meeting, and media reports on Thursday indicated that the U.S. opposed addressing Russian aggression at a virtual G7 meeting on Monday. Daniel Moreno, head of emerging market debt at Mirabaud, stated that the expectation that Donald Trump would broker a peace agreement providing Ukraine with long-term security has been largely dashed. 'The way things are progressing with the U.S.-Russia talks and Trump's criticisms, the market is now realising that this is no longer the baseline scenario', he said. 'Trump is not indicating in any way that the resolution will be beneficial for Ukraine in any way', Moreno added. EURUSD moved sideways during Asian and early European trading hours. The German SP Global PMI report comes out at 11:30 a.m. UTC. A higher-than-expected reading should be considered bullish for the EURUSD, while a lower-than-expected number may put bearish pressure on the pair. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

📊 Growing institutional interest pushes BTC higher On Thursday, Bitcoin (BTC) increased by 1.77% because the Utah Senate was set to vote on a bill regarding Bitcoin reserves. Additionally, Muneeb Ali, the co-founder of Stacks, expressed his concern that most Bitcoin layer-2 projects will become obsolete within three years. 👉 Possible effects for traders On 20 February, Utah's Senate voted to pass a bill that would create a Bitcoin reserve. This bill is now going through further stages of the legislative process, including two more readings before it gets a final vote. It has already passed through the House of Representatives and is now on its way to the governor for signing. The bill allows the state treasury to invest in digital assets with a market cap of over $500 billion in the last year. So far, only Bitcoin fits that criteria, so this bill is mostly about creating a Bitcoin reserve for the state. Dennis Porter, the CEO of Satoshi Action Fund, thinks Utah will be the first state to have a BTC reserve. He says it's because of Utah's shorter legislative calendar and the current interest in crypto. According to Muneeb Ali, co-founder of Stacks, more than two-thirds of existing Bitcoin layer-2 (L2) projects will cease to exist over the next three years due to the fading of initial enthusiasm. During an interview with Cointelegraph at Consensus 2025, Ali discussed the recent updates to Stacks—a Bitcoin L2 project originally launched as Blockstack in 2013—and noted that the initial excitement for these projects begins to wane. Stacks recently completed a significant network upgrade called Nakamoto, which improved the user experience. Ali added that another major development is that 100% of Bitcoin hash is now backing Stacks. As a result, users can experience faster confirmation times on the L2. Regarding the Bitcoin L2 ecosystem more broadly, Ali stated that many projects are realising that the market is challenging. He also predicted that the market would shift towards Bitcoin (BTC) as other prominent layer-1 networks, such as Ethereum and Solana, experienced a decline. During the Asian and early European trading hours, the price of BTCUSD fluctuated within a narrow range. The U.S. SP Global Composite Purchasing Managers' Index (PMI) report will be released today at 2:45 p.m. UTC. A reading that exceeds expectations may put downward pressure on BTCUSD, while a lower-than-expected number may trigger a bullish trend in the cryptocurrency market. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

#economic_calendar These events may affect the market on 21 February.

BTCUSD, 30-minute timeframe chart **BTCUSD retested the support level of 96,800.00 👉General outlook** BTCUSD has been trading in a sideways market for the last couple of hours. The pair dropped to the support level of 96,800.00. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 97,000.00. Set your stop loss at 96,100.00 below the previous low ($9.00 loss for 0.01 lot) and take profit at 97,900.00 ($9.00 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.

BREAKING NEWS Australian Employment Change increased to 44.0K Conclusion: Positive for AUD against USD and currencies. #forex #cfds #AUDUSD

Market Updates - 20/02 🚨 The Fed’s hawkish outlook could cap #Gold amid slightly overbought conditions. 🚨 EURJPY extends decline below 157.00 on BoJ hike bets #forex #Gold #EURJPY