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📊 Gold rises as markets expect more Fed rate cuts after CPI release Gold (XAU) increased by 0.7% on Wednesday as the U.S. dollar (USD) weakened following the release of lower-than-expected U.S. Consumer Price Index (CPI). 👉 Possible effects for traders Yesterday's U.S. CPI report eased inflation concerns and raised hopes that the Federal Reserve (Fed) may not have finished its easing cycle. Core CPI, which excludes volatile items like food and energy, rose 3.2% annually, compared with an expected 3.3% rise. 'Core CPI came in a little bit below expectations. This is a bit of a positive for gold (. . .) The corollary to this is that the Fed will not necessarily exclude the possibility of cutting rates', said Bart Melek, head of commodity strategies at TD Securities. According to Reuters, markets now expect the Fed to deliver 40 basis points (bps) worth of rate cuts by year-end, compared with the anticipated 31 bps before the inflation data release. Gold, which has no passive yield, tends to rise in a low-interest-rate environment. Additionally, ongoing uncertainty about global tariffs and trade policies and their potential to hinder economic growth is expected to maintain demand for gold as a safe-haven asset. XAUUSD was rising during the Asian trading session but started to fall during the early European hours. Today, more U.S. macroeconomic data may indicate where U.S. interest rates are heading. Investors are bracing for the simultaneous release of three reports at 1:30 p.m. UTC: Retail Sales, Jobless Claims, and Philadelphia Manufacturing Index. Better-than-expected results may prompt investors to expect fewer rate cuts from the Fed, which will likely push the gold price down. Conversely, worse-than-expected figures may raise the probability of a 25-bps rate cut in March, which will almost certainly pull XAUUSD higher. 'Spot gold may extend gains into a range of $2,714 to $2,719 per ounce, as suggested by a projection analysis and a rising wedge', said Reuters analyst Wang Tao. Sign Up Now ➡️https://tlt.ink/octa Partner Code ➡️ 3788810

📊 Euro struggles to strengthen despite lower U.S. inflation The euro (EUR) lost 0.17% against the U.S. dollar (USD) during a very volatile trading session on Wednesday. 👉 Possible effects for traders Initially, EURUSD rallied above the critical 1.03500 level following the release of lower-than-expected U.S. Consumer Price Index (CPI) numbers. However, the pair lost all of its gains and closed below the 1.02900 level. U.S. CPI report eased fears that inflation was accelerating and increased the chances the Federal Reserve (Fed) could cut interest rates twice this year. Still, the data failed to break the fundamental bearish trend in EURUSD. 'Dollar strength is not going to end because of this (CPI) number. It's going to probably become more nuanced, and we might see the dollar continue to be strong against the European currencies', said Peter Vassallo, FX portfolio manager at BNP Paribas Asset Management. The U.S. economy is still overperforming the eurozone economy, and the European Central Bank (ECB) is still projected to deliver more rate cuts than the Fed in 2025. EURUSD was falling during the Asian and early European trading sessions. Today, more U.S. macroeconomic data give more insights into the U.S. interest rate path. Retail Sales, Jobless Claims, and Philadelphia Manufacturing Index reports will come out at 1:30 p.m. UTC. Better-than-expected results may indicate a possibility of fewer rate cuts by the Fed, likely pushing EURUSD down. Conversely, worse-than-expected figures may raise the probability of a 25-basis-point rate cut in March, almost certainly pulling EURUSD higher. Sign Up Now ➡️https://tlt.ink/octa Partner Code ➡️ 3788810

📊 USDCAD seems to find support USDCAD declined for a third consecutive session on Wednesday. However, the decline was limited as traders' caution about expected U.S. trade tariffs offset cooler-than-expected U.S. inflation data. 👉 Possible effects for traders The increase in the U.S. core Consumer Price Index (CPI), excluding volatile food and energy components, slowed down towards 3.2% in December, down from 3.3% in the previous month. The slowdown indicated a possible reduction in interest rates by the Federal Reserve (Fed) in the near future. Michael Goshko, senior market analyst at Convera Canada ULC, said that the U.S. dollar (USD) is still in high demand. Until there is a clear understanding of the situation regarding tariffs, currency traders will likely maintain their long positions in the U.S. dollar. Gretchen Whitmer, governor of Michigan, expressed concern that the proposed 25% tariffs on imports from Mexico and Canada by President-elect Donald Trump could harm the U.S. automotive industry, increase vehicle prices, and benefit China. Meanwhile, Canadian economic data revealed that home sales decreased by 5.8% in December compared to November, although they remained up by 10% in Q4. The decline happened due to the Bank of Canada reducing interest rates. Also, the oil price—one of Canada's major export commodities—increased by 2.8% towards $80 per barrel, driven by a significant drawdown in U.S. crude oil inventories and potential disruptions to supply caused by new U.S. sanctions against Russia. USDCAD was growing during Asian and early European trading hours. Today, the market expects two U.S. reports: Retail Sales and Jobless Claims data, both coming out at 1:30 p.m. UTC. A better-than-expected retail sales number may support USDCAD, while a higher-than-expected jobless claims figure may put downward pressure on USDCAD. Sign Up Now ➡️https://bit.ly/attocta Partner Code ➡️ 3788810

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Here are the important upcoming news events that could affect your trading.

📊 Gold is caught between technical sell-off and Trump policy uncertainty Gold (XAU) fell by over 1% on Monday, pressured by a strong U.S. dollar (USD). The greenback remained near a two-year high following Friday's robust jobs report that reinforced expectations of a more cautious approach to rate cuts by the Federal Reserve (Fed) this year. 👉 Possible effects for traders We had a better-than-expected U.S. job report, which strengthened the U.S. dollar and the Treasury yields. Gold's move lower here is some follow-through on the stronger-than-expected report', said Bob Haberkorn, senior market strategist at RJO Futures. Additionally, gold bulls may have closed some of their long positions, so part of the reason for Monday’s decline was purely technical. Fundamentally, XAUUSD remains under bullish pressure amid uncertainty around the incoming Donald Trump administration's policies. His proposed trade tariffs and immigration policies are expected to be inflationary and could spark trade wars, adding to gold's allure as a safe-haven asset. XAUUSD was rising during the Asian and early European trading sessions. Today, the market will focus on the U.S. Producer Price Index (PPI) report, due at 1:30 p.m. UTC, and Fed officials' speeches. Analysts anticipate a 0.3% rise in monthly core PPI and a 3.8% annual increase. If the numbers are higher than expected, XAUUSD may drop towards the $2,635 level. Conversely, lower-than-expected results may push the pair above $2,700. 'Spot gold may fall towards $2,635 per ounce, a level pointed by a rising channel', said Reuters analyst Wang Tao. Sign Up Now ➡️https://tlt.ink/octa Partner Code ➡️ 3788810

📊 Euro remains under bearish pressure despite a brief rebound Yesterday, the euro (EUR) dropped below the 1.01800 level but later recovered most of the losses and finished the day essentially unchanged from Friday. 👉 Possible effects for traders Fundamentally, EURUSD is still under bearish pressure due to the divergence in monetary policy expectations between the European Central Bank (ECB) and the Federal Reserve (Fed). This underlying divergence results from many factors, including the comparatively stronger performance of the U.S. economy relative to the eurozone. The latter experiences more sluggish growth and faces challenges such as energy dependence and geopolitical instability. Most recently, a better-than-expected U.S. nonfarm payroll (NFP) report made traders scale back their U.S. rate cut bets in 2025. Furthermore, with President-elect Donald Trump returning to the White House next week, attention has turned to his policies, which analysts predict will stimulate growth and intensify inflationary pressures. ING strategists said the combination of a stronger U.S. dollar (USD) and higher Treasury yields is crowding out financial flows to the rest of the world and is starting to cause problems. 'Using the tariff era of 2018–2019 as a template, we expect the dollar to stay strong all year', they wrote in a note. Meanwhile, Olli Rehn, a Finnish policymaker, stated that the ECB will keep cutting interest rates and should end policy restrictions in the coming months. This means that traders continue to lack any fundamental reasons to invest heavily in the euro. EURUSD rose during the Asian session but started to fall again during the early European trading hours. Today's focus is on the U.S. Producer Price Index (PPI) report, due at 1:30 p.m. UTC, and the handful of speeches by the Fed officials. The market expects a 0.3% rise in monthly core PPI and a 3.8% annual increase. If the PPI report indicates higher-than-expected figures, EURUSD may drop towards the 1.01550 level. Conversely, lower-than-expected results may pull the pair above the 1.03000 mark. Sign Up Now ➡️https://tlt.ink/octa Partner Code ➡️ 3788810