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Stay informed and trade in Octa 🔗 https://tlt.ink/octa 🌎 Political news The Fed's 25 bps interest rate cut and a lower projection for further cuts in 2025 have pushed investors away from riskier assets like cryptocurrencies. A sell-off in the stock and crypto markets followed, with Bitcoin losing 6.3% of its value this week. Fed Chair Jerome Powell addressed concerns about inflation, which remains above the 2% target and is unlikely to normalise until 2027. During his 18 December press conference, Powell reiterated that Congress decides the legal status of Bitcoin. 📈 Technical analysis On the daily chart, Bitcoin attempts to break its ascending channel downwards on high volumes. A sustained break below the 0.786 Fibonacci level at $96,455 could signal a further decline toward the 0.618 Fibonacci level at $87,000, with a possible intermediate rebound from the SMA50. The MACD oscillator remains in the red zone, reinforcing the bearish sentiment. #crypto #cryptotrading #cryptonews #cryptoupdate #forextrading

USDCAD, 30-minute timeframe chart USDCAD formed a bearish Three Black Crows pattern 👉General outlook USDCAD has been under selling pressure within the last couple of hours. Now, the price displays a bearish Three Black Crows pattern. The price is ready to drop. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.43770. Set your stop loss at 1.43985 above the previous high ($2.15 loss for 0.01 lot) and take profit at 1.43493 ($2.77 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.29. The upcoming news will not influence your orders within the mentioned period. Some traders may close their positions on Friday, which can add more pressure to the market. Click the 🔗 ➡️Sign Up Now ➡️ https://tlt.ink/octa

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📊 Gold plunged after the Fed rate cut and officials' comments Gold (XAU) dropped by 2.3% on Wednesday after the Federal Reserve (Fed) cut the interest rates and decided to pause reductions next year due to high inflation pressure. 👉 Possible effects for traders The U.S. dollar (USD) surged against major currencies as the Fed cut the base rate as expected, also signalling a slowdown in its monetary easing approach. The Fed now projects it will implement only two 25-basis-point (bps) rate cuts by the end of 2025. 'I believe we are in a favourable position, but I think we are entering a new phase, and we will proceed with caution regarding further reductions', Powell stated during a press conference. 'The Fed was more aggressive than we expected, but today's shift in policy guidance aligns with our view of a prolonged pause by the Fed at the beginning of 2025', Prashant Newnaha, a senior Asia-Pacific rates strategist at TD Securities, commented. 'The most significant surprises were concentrated in the inflation projections. They reinforce the idea that higher inflation will persist for an extended period', he added. XAUUSD was rising during Asian and early European trading hours, regaining 1.2% after yesterday's losses. Technically and fundamentally, the asset still remains in a bearish trend. Today, the U.S. Initial Jobless Claims report may significantly influence the dynamics of the precious metal. Higher-than-anticipated data may trigger bullish momentum in XAUUSD, while softer data will ignite further downward correction. ➡️Sign Up Now ➡️ https://octa.click/iRAl5bCodpM Partner Code ➡️ 3788810

📊 Fed signals a pause in rate cuts, driving EURUSD lower The euro (EUR) plunged by 1.31% against the U.S. dollar (USD) on Wednesday after the Federal Reserve (Fed) announced an expected interest rate cut but signalled a slower pace of future easing. 👉 Possible effects for traders The Fed lowered its benchmark policy rate by 25 basis points (bps) towards the 4.25–4.5% range, with officials signalling that they would likely pause future rate cuts next year given a stable labour market and sticky inflation. The yield of U.S. 10-year Treasuries rose towards 4.446%, hitting a four-week high and pulling the U.S. Dollar Index (DXY) above the 108.000 mark. 'The Fed increased its core inflation forecast and adjusted dot plot, so rate cuts are being priced out, and I think we have one more rate cut priced in for next year, and that's less than it was before', said Axel Merk, president and chief investment officer at Merk Hard Currency Fund. A strong bearish trend in EURUSD has reemerged with an even stronger momentum. Bears are now targeting 1.02950, and even a parity level seems possible in the midterm. Investors expect the Fed to lower its base rate towards the 4–4.25% range by mid-June 2025, while the European Central Bank (ECB) will likely cut its rate by more than 50 bps over the same period. This divergence in monetary policy expectations between the ECB and the Fed continues to act as a major bearish factor for EURUSD. EURUSD was rising slightly during the Asian and early European trading sessions. Today, the main focus is on the number of U.S. macroeconomic releases. Weekly Jobless Claims and Gross Domestic Product (GDP) final estimates are due at 1:30 p.m. UTC. Stronger-than-expected figures may push EURUSD below 1.03315. Worse-than-expected numbers may have a disproportionately stronger impact on EURUSD and push it above 1.04500, as the greenback seems overbought and overvalued in the short term. ➡️Sign Up Now ➡️ https://octa.click/iRAl5bCodpM Partner Code ➡️ 3788810

📊 USDCAD renewed the March 2020 high On Wednesday, the Canadian dollar (CAD) fell towards a near-five-year low against the U.S. dollar (USD) as the Federal Reserve's (Fed) hawkish guidance boosted the greenback. 👉 Possible effects for traders The U.S. dollar surged against major currencies after the Fed announced the anticipated rate cut and indicated a slowdown in its monetary policy easing. The Fed's projection for interest rates suggests a median funds rate of 3.875% at the end of 2025, up from the previous projection of 3.375%, indicating only two 25 basis point rate cuts next year. 'We believe this decision marks the beginning of a prolonged pause by the FOMC, although it may be too early to state this explicitly', said Nick Rees, a senior analyst for Monex Europe's foreign exchange market. 'We now anticipate that U.S. rates will remain unchanged, at least until the first half of 2025. If this is the case, a shift in market expectations should support the dollar's upward trajectory in the coming months', he added Domestic political instability has affected the Canadian dollar, adding to the challenges posed by U.S. trade tariffs and the Bank of Canada's aggressive interest rate cuts. 'The demand for protection against a decline in the value of the Canadian dollar has skyrocketed', said Karl Schamotta, chief market strategist at Corpay. The implied volatility of options contracts for buying or selling the Canadian dollar against the U.S. dollar in the next three months has reached its highest since April 2023—approximately 6.6, up from 4.5 in July. The currency reached a low of 1.46670, last seen in March 2020. Canadian bond yields have increased across the curve, mirroring the movements in U.S. Treasury yields. The 10-year yield has risen by 8.2 basis points, reaching 3.224%. USDCAD declined towards the 1.44300 support level during Asian and early European trading hours, retracing some upward movement from yesterday. Today, the U.S. Jobless Claims report comes out at 1:30 p.m. UTC and may affect the pair. Stronger-than-expected data may put some pressure on USDCAD, while soft data may support a further rally. ➡️Sign Up Now ➡️ https://octa.click/iRAl5bCodpM Partner Code ➡️ 3788810

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The countdown is on! Join Octa’s festive raffle and be part of something special this December. The raffle happens on 26 December. Set a reminder and get ready to join the excitement. You still have time to join and win! Don’t miss your chance to participate in this event. Click the 🔗 ➡️Sign Up Now ➡️ https://tlt.ink/octa to learn more and join the event. #tradeincomfort #tradesmart #newyear2025 #forexpromo #lowspreads

Here’s a closer look at the top 10 economies, ranked by their GDP adjusted for purchasing power parity (PPP). PPP takes into account the relative cost of living and the inflation rates of countries, giving a more accurate comparison of economic strength. Invest Now: https://bit.ly/attexpertoption

#economic_calendar These events may affect the market on 19 December.