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Trump returns to the White House Donald Trump, representing the Republican Party, received 291 electoral votes and was elected as the new U.S. President. Over 72.5 million American citizens voted for Trump in this election. Republicans are also projected to maintain control of the Senate, while the outcome of the battle for control of the House of Representatives remains undetermined. BTCUSD increased by 9% yesterday but has been slightly correcting today. During his election campaign, Trump discussed the importance of regulating the cryptocurrency market. Markets anticipate further developments in this area shortly, reinforcing the probability of continued growth in BTCUSD and alternative cryptocurrencies as early as 2025. #USD #Bitcoin #BTCUSD #USelections #BTCforecast

BTCUSD, 15-minute timeframe char BTCUSD retested the resistance level of 75,150.00 👉Level explanation BTCUSD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 75,150.00. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 75,050.00. Set your stop loss at 75,500.00 above the previous high ($4.50 loss for 0.01 lot) and take profit at 74,450.00 ($6.00 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.33. The upcoming news will not influence your orders within the mentioned period. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🗳 U.S. elections: Trump returns to the White House Following the U.S. presidential election results, Donald Trump, representing the Republican Party, received 291 electoral votes and was elected as the new President. Over 72.5 million American citizens voted for Trump in this election. Kamala Harris, representing the Democratic Party, acknowledged the election results and urged her supporters not to lose hope, expressing that she would continue to fight for the ideals that drove her campaign. The transition team of President-elect Trump is actively recruiting personnel for his administration. It is anticipated that the incoming administration will prioritise candidates for cabinet positions who lack government experience. Trump himself will be involved in the selection process for potential candidates. Republicans are projected to maintain control of the Senate, while the outcome of the battle for control of the House of Representatives remains undetermined. 👉 Possible effects for traders BTCUSD increased by 9% yesterday but has been slightly correcting today. During his election campaign, Trump discussed the importance of regulating the cryptocurrency market. Markets anticipate further developments in this area in the near future, reinforcing beliefs that we may witness continued growth in BTCUSD and alternative cryptocurrencies as early as 2025. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🔽 XAUUSD dropped more than 3% after Trump's victory Yesterday, gold (XAU) corrected downwards sharply following the announcement of Donald Trump's victory in the 2024 U.S. presidential election. XAUUSD declined by more than 3%, and the price returned to the mid-October level of $2,650. 👉 Possible effects for traders Investors now anticipate that Trump's policies on tax cuts and tariffs will significantly impact inflation growth, affecting the stock market and the U.S. dollar (USD). These expectations have led to a decrease in gold prices. The market has already factored in these negative developments for gold based on Donald Trump's economic policies, which he presented as a part of his election campaign. The Federal Reserve (Fed) will announce its interest rate decision today at 7:00 p.m. UTC, followed by a speech from Chairman Jerome Powell. Markets are anticipating a 25-basis-point interest rate reduction. However, the upcoming press conference is more important as it will provide hints on future actions of the U.S. central bank. Jerome Powell will likely recognise the recent challenges in the labour market and the efforts made to combat inflation. Still, Trump's return to the White House could lead the Fed to consider slowing down its easing measures as Trump's economic policies are considered to be highly inflationary. In the near future, gold may decline and test the support level at $2,625. The XAUUSD trend will depend on today's Fed interest rate decision, the statement, and Powell's comments at the press conference. Thus, traders may expect increased volatility today. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 EURUSD rebounds after dropping to a five-month low The euro (EUR) plunged by 1.82% against the U.S. dollar (USD) yesterday after Republican Donald Trump won the U.S. presidential election. 👉 Possible effects for traders The market largely assumes that Trump's policies on immigration, tax, and trade will speed up U.S. economic growth and lead to higher inflation, likely preventing the Federal Reserve (Fed) from cutting interest rates in 2025. As a result, the market has already started to price in a tighter U.S. monetary policy than the eurozone's. Traders are factoring in a 67% chance the Fed will also cut in December, down from 77% on Tuesday, according to the CME Group's FedWatch Tool. Furthermore, there is a risk that the Trump administration may impose new tariffs on certain European goods. This development will dent the eurozone's exports and slow the economy, potentially forcing the European Central Bank (ECB) to cut borrowing costs more aggressively. At the same time, Trump has stated a preference for a weak U.S. currency. ‘Both this year, but also during his previous stay at the White House, he had essentially challenged the longstanding strong dollar mantra because he prefers a weaker currency to help with exports and American economic activity,’ said Nikos Tzabouras, senior market specialist at trading platform Tradu. This apparent divergence between market beliefs and Trump's goals is a major complicating factor for the greenback's long-term outlook. EURUSD was rising during the Asian and early European trading sessions. A technical rebound is expected after the pair dropped to a five-month low on Wednesday, but gains will likely be capped by the strong resistance at 1.07600. Today, the main event is the Fed's interest rate decision, due at 7:00 p.m. UTC. Traders expect the U.S. central bank to cut its base interest rate by 25 basis points (bps). New details revealed in the FOMC Statement and at the press conference may give insights into the future U.S. monetary policy. If the Fed downgrade its economic forecast and Fed Chair Jerome Powell hints that more rate cuts are coming, EURUSD will rise sharply. If the FOMC Statement includes better economic assessments and Jerome Powell makes hawkish statements or sounds less dovish than the market expects, EURUSD may drop and set a new low. In the wake of the U.S. presidential election, the risks of a more hawkish outlook in the FOMC Statement have increased, so traders should be particularly cautious today. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 GBPUSD's decline slows ahead of two interest rate decisions The British pound (GBP) declined by 1.24% yesterday due to the U.S. election results. GBP faces uncertainty ahead of today's Bank of England (BOE) and Federal Reserve (Fed) rate decisions that could add downward pressure to GBPUSD. 👉 Possible effects for traders As markets recovered from initial volatility and the U.S. dollar (USD) buying spree slowed during the U.S. trading session, market participants turned their attention to upcoming central banks' meetings. The two central banks—the BOE and the Fed—are expected to announce rate cuts in the upcoming meetings. The BOE will likely cut interest rates for the second time since 2020. Still, the market will focus on whether this action signals the future direction of monetary policy after the recent inflationary budget announcement by the government. On Thursday, the dollar was hovering just beneath its four-month high as the market absorbed the news of Donald Trump's victory in the U.S. presidential race. Investors also closely monitor the actions of central banks, with the Fed expected to announce a reduction in interest rates later today. Market participants were speculating whether the Fed would maintain its steady pace of rate cuts or slow it down. Trump's victory has raised questions about the central bank's plans, with some suggesting that the regulator may slow its easing cycle. Based on the CME FedWatch Tool, there is a 67% probability that the Fed will reduce rates again next month, down from yesterday's 77%. GBPUSD has been recovering during Asian and early European trading hours. Today, the BOE rate decision will be announced at 12:00 p.m. UTC, and the Fed interest rate decision will come out at 7:00 p.m. UTC. These two events will add volatility to the GBPUSD. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

EURUSD, 15-minute timeframe char EURUSD rebounded from the support level of 1.07550 👉Level explanation EURUSD has been under buying pressure within the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 1.07700. Set your stop loss at 1.07350 below the previous low ($3.50 loss for 0.01 lot) and take profit at 1.08050 ($3.50 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. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

GBPJPY, 1-hour timeframe chart GBPJPY retested the resistance level of 199.500 👉Level explanation GBPJPY has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 199.500. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 199.250. Set your stop loss at 199.950 above the previous high ($4.54 loss for 0.01 lot) and take profit at 198.550 ($4.54 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. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

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Global investors are pricing in a decisive victory by Donald Trump. Our analysts explain the early market reaction. U.S. Treasury yields and stock benchmark indices rallied sharply, increasing the U.S. Dollar Index. Given that, it is no wonder other major fiat currencies plunged, with EURUSD and GBPUSD down 1.82% and 1.32%, respectively, while bitcoin hit a new all-time high of $75,410. The possible effect of Trump's tax, immigration, and trade policies explains the market reaction. The market perceives them as inflationary, so we see a bullish impact on the U.S. dollar. In the short term, all the bullish dollar trades may temporarily reverse as traders buy the dips in EURUSD and GBPUSD in the hope of a technical rebound. However, the bearish pressure on these pairs will likely persist in the long term. Interestingly, the impact on the gold market has been relatively muted so far. As of 7:00 a.m. UTC, XAUUSD was down 1.2%, but historically, it is not a significant swing, especially given how much the U.S. dollar has strengthened. XAUUSD may strengthen due to lower social tension after the elections and heightening Sino-U.S. trade tensions. In addition, Trump's massive tax cuts will likely expand the U.S. fiscal deficit and may turn some strategic investors away from the U.S. dollar and into gold and bitcoin. In fact, BTCUSD hit a new all-time high on the news of Trump's potential victory. He is seen as more actively supportive of cryptocurrencies than Harris. #uselections #XAUSD #USDpairs #GBPUSD #EURUSD #bitcoin

BTCUSD, 15-minute timeframe chart BTCUSD retested the resistance level of 74,825.30 👉General outlook BTCUSD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 74,825.30. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 74,004.45. Set your stop loss at 75,628.93 above the previous high ($16.24 loss for 0.01 lot) and take profit at 72,379.96 ($16.24 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. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

USDJPY, 15-minute timeframe chart USDJPY broke the resistance level of 154.300 👉General outlook USDJPY has been under buying pressure within the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 154.380. Set your stop loss at 153.750 below the previous low ($4.08 loss for 0.01 lot) and take profit at 155.010 ($4.08 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. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

Check this update and prepare your trading set! The Federal Reserve will announce its interest rate decision this Thursday at 7:00 pm UTC. The Fed's decision and latest statement may surprise the market, resulting in above-normal volatility. Traders expect the Fed to cut its base interest rate by 25 basis points. However, the market usually moves not because of the decision but because of the new details in the FOMC Statement and during the press conference due at 7:30 pm UTC. Should the Fed downgrade its economic forecast and hint that more rate cuts are coming, XAUUSD will rise. If the FOMC Statement includes better economic assessments and makes hawkish statements or sounds less dovish than the market expects, XAUUSD may drop significantly. XAUUSD is in a long-term uptrend, so it is recommended that you look for buying opportunities. Consider placing pending buy limit orders on XAUUSD in case of a bearish reaction to the Fed's decision. In the event of a bullish reaction, consider placing pending buy-stop orders on XAUUSD. Monitor the XAUUSD levels of 2,710 and 2,684 for potential support and 2,750 and 2,775 for potential resistance. A break below 2,710 would open the way towards 2,684. Conversely, a break above 2,750 would allow bulls to target the next level near 2,775 and new all-time highs. Prepare your set up and trade in the Octa app #Trading #Forex #WeeklyTradingCalendar #MarketUpdates

🗳 BTCUSD soars on news of Trump's potential win The results of the recent U.S. elections in two key battleground states have been released. The Republican candidate, Donald Trump, is leading in both of them. There are indications that other states may follow suit, but it takes time for accurate vote counting. According to reports from the BBC, Trump is leading and securing 246 of the 270 necessary electoral votes, while Harris only has 187. While the current lead may seem substantial, the preliminary vote count may not accurately predict the final outcome in a closely contested race. 👉 Possible effects for traders Bitcoin (BTC) has increased by more than 8% in response to news of a possible Trump presidency. This price surpassed all previous resistance levels, establishing a new all-time high. Many analysts expect BTCUSD to reach $100,000 in the future, a possibility that seems less unfeasible given a potential Trump administration. Currently, the price of one Bitcoin is approximately $75,000. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 Gold moves within a tight range ahead of the U.S. election results Gold (XAU) has been moving within a narrow range for the past few days ahead of the U.S. election results. The current price range is $2,730–$2,750. 👉 Possible effects for traders According to preliminary results from Edison Research, Donald Trump has won in 14 states, while Kamala Harris has received the majority of the votes in 4 states and Washington, DC. However, the final results may be announced within several hours or days. Analysts expect that gold will benefit in the longer term from Trump's victory, primarily due to increased expected costs and potential uncertainty in U.S. foreign policy under his administration. Another significant event for investors to watch is the two-day Federal Reserve (Fed) policy meeting ending on Thursday. Fed Chairman Jerome Powell may give future guidance on the monetary policy at the meeting and the press conference. The market expects the Fed to reduce interest rates by 25 basis points (bps) this week. However, if Donald Trump wins the presidential election, the Fed may limit its rate reduction program due to concerns about the inflationary impact of Trump's economic policies. Meanwhile, U.S. trade deficits surged to their highest levels in September of nearly two and a half years. XAUUSD is awaiting the election results, so strong volatility will likely persist in the market. The election outcome will depend on the direction of the Fed's interest rate path. According to forecasts, XAUUSD is expected to continue moving within the $2,730–$2,750 range. The pair will need a catalyst to break one of these boundaries. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🚀 EURUSD drops as global investors price in Trump's victory The euro (EUR) gained 0.49% against the U.S. dollar (USD) on Monday as some investors exited long positions in the U.S. Dollar Index (DXY) due to the uncertainty around the U.S. presidential election. However, EURUSD —totally plunged earlier today as Donald Trump was on track to secure a decisive victory while Republicans were likely to keep control of the Senate. 👉 Possible effects for traders Yesterday, the U.S. ISM Nonmanufacturing Purchasing Managers' Index (PMI) figures were higher than expected. Still, the data had little impact on the market as investors were entirely focused on the results of the U.S. presidential and congressional elections. By 5:00 a.m. UTC, most data providers projected that Donald Trump would become the next president. Republicans won an extra seat in the Senate, but neither of the parties had a clear advantage in the battle for the House of Representatives. Even as Trump's victory looks almost guaranteed at this point, the balance of power in Congress will determine how successfully and effectively he will govern. EURUSD was down by more than 1.5% by 5:00 a.m. today. The primary reason for a dramatic decline is that investors fear that Trump's policies on immigration and taxes will spur inflation and force the Federal Reserve (Fed) to tighten its monetary policy. In addition, Trump has repeatedly threatened to impose tariffs on certain European goods like autos and chemicals. According to some analysts, Trump's proposed 10% universal tariff on all U.S. imports may erode Europe's gross domestic product by up to 1.5% or about €260 billion. Overall, election results counting is still in a relatively early stage, and results may be finalised in hours or even days. The contest will come down to seven swing states, with Trump winning in only one state—North Carolina. Therefore, volatility in the EURUSD may remain elevated for a couple of days. The pair seems to have established a new trading range of 1.07000–1.08000. If Republicans secure full control of Congress, EURUSD may break below 1.07000 and head lower towards 1.06600. Conversely, some speculators may buy the dip, hoping for a technical rebound as news of Trump's probable victory has been digested and largely priced in. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🚀 USDJPY skyrockets on U.S. election preliminary results USDJPY declined yesterday by 0.36% as market participants had been waiting for the U.S. Elections results. 👉 Possible effects for traders The U.S. stock futures and the U.S. dollar (USD) rose on Wednesday morning. Some investors suggested that Donald Trump might win the presidential election, but the race was still too tight to determine who would become the president. According to the New York Times, Trump has an 89% chance of winning. However, swing states could significantly influence the outcome of the election. Meanwhile, bond yields rose to four-month highs, and some market participants placed bets on Trump. Analysts believe that Trump's proposals on immigration, taxes, and tariffs could lead to higher inflation and interest rates than those proposed by Harris. Despite the uncertainty, the market still expects the Federal Reserve to lower interest rates by 25 basis points (bps) on Thursday. As early results emerged, Treasury yields, the U.S. dollar, and Bitcoin strengthened—a ‘classic Trump trade’, according to Brian Jacobsen, Chief Economist at Annex Wealth Management. If Trump wins, the Japanese yen (JPY) is expected to keep falling against the U.S. dollar. That could cancel out the pair's gains from the Bank of Japan's (BOJ) expected rate hikes, says Masahiro Ichikawa from Sumitomo Mitsui DS Asset Management. He states that even if the BOJ raises interest rates again, it won't be as fast as people expect. Trump's policies will also slow the Fed's rate cuts, impacting USDJPY. USDJPY gained 1.47% during Asian and early European trading hours. The U.S. Dollar Index strengthened on the possibility of Trump's victory. There are no more key events for the pair today besides the U.S. elections. Tomorrow, the Fed interest rate decision at 7:00 p.m. UTC will affect USDJPY. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

XAUUSD, 15-minute timeframe char XAUUSD retested the resistance level of 2,732.00 👉Level explanation XAUUSD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 2,732.00. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 2,730.00. Set your stop loss at 2,744.00 above the previous high ($14.00 loss for 0.01 lot) and take profit at 2,716.00 ($14.00 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. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH