📊 Safe-haven demand for gold remains strong
The gold (XAU) price surged by 3.58% on Wednesday. Investors continued to buy safe-haven assets due to the intensifying trade conflict between the U.S. and its trading partners, particularly China.
👉Possible effects for traders
Gold, which is traditionally seen as a hedge against political and economic uncertainty and inflation, has risen by more than 27% this year. Over the past two and a half years, XAUUSD has doubled its value from $1,620 in November 2022 to around $3,300 today. The recent surge in gold is driven by an ongoing trade war between the U.S. and China, with no resolution in sight. Most recently, China ordered airlines not to take further deliveries of Boeing aircraft, while the U.S. government limited Nvidia's H20 artificial intelligence chip exports to China.
Meanwhile, Jerome Powell, U.S. Federal Reserve (Fed) Chair, said the Fed would proceed with interest rate decisions only after analysing economic data. He also raised concerns about the effects of Trump's tariff policies on inflation and employment, which could deviate from the Fed's targets. Despite the increased likelihood of accelerating inflation and higher interest rates, the market paradoxically anticipates a dovish stance from the Fed. The latest interest rate swaps market data currently implies more than a 30% chance of 100 basis points (bps) worth of rate cuts by the end of the year. As a result, the U.S. Dollar Index (DXY) continues to move near multi-year lows, making gold more attractive for foreign buyers. However, if investors' dovish expectations moderate in response to higher inflation, XAUUSD may correct downwards. Still, technical indicators remain bullish, so investors will likely buy any dips in gold. 'The rally has become a bit unhinged, leaving it at risk of corrections. However, we have for more than a year now seen corrections to be shallow, with underlying bids waiting on any setbacks', said Ole Hansen, head of commodity strategy at Saxo Bank.
XAUUSD remained relatively flat during the Asian and early European trading sessions. Today, the European Central Bank (ECB) rate decision at 12:15 p.m. UTC might trigger some volatility. Additionally, U.S. Jobless Claims at 12:30 p.m. UTC will shed light on the state of the U.S. labour market, potentially altering Fed monetary policy expectations. Moreover, traders should monitor any tariff-related news and developments around trade negotiations. Key levels to watch are resistance at $3,381 and support at $3,305.
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The gold (XAU) price surged by 3.58% on Wednesday. Investors continued to buy safe-haven assets due to the intensifying trade conflict between the U.S. and its trading partners, particularly China.
👉Possible effects for traders
Gold, which is traditionally seen as a hedge against political and economic uncertainty and inflation, has risen by more than 27% this year. Over the past two and a half years, XAUUSD has doubled its value from $1,620 in November 2022 to around $3,300 today. The recent surge in gold is driven by an ongoing trade war between the U.S. and China, with no resolution in sight. Most recently, China ordered airlines not to take further deliveries of Boeing aircraft, while the U.S. government limited Nvidia's H20 artificial intelligence chip exports to China.
Meanwhile, Jerome Powell, U.S. Federal Reserve (Fed) Chair, said the Fed would proceed with interest rate decisions only after analysing economic data. He also raised concerns about the effects of Trump's tariff policies on inflation and employment, which could deviate from the Fed's targets. Despite the increased likelihood of accelerating inflation and higher interest rates, the market paradoxically anticipates a dovish stance from the Fed. The latest interest rate swaps market data currently implies more than a 30% chance of 100 basis points (bps) worth of rate cuts by the end of the year. As a result, the U.S. Dollar Index (DXY) continues to move near multi-year lows, making gold more attractive for foreign buyers. However, if investors' dovish expectations moderate in response to higher inflation, XAUUSD may correct downwards. Still, technical indicators remain bullish, so investors will likely buy any dips in gold. 'The rally has become a bit unhinged, leaving it at risk of corrections. However, we have for more than a year now seen corrections to be shallow, with underlying bids waiting on any setbacks', said Ole Hansen, head of commodity strategy at Saxo Bank.
XAUUSD remained relatively flat during the Asian and early European trading sessions. Today, the European Central Bank (ECB) rate decision at 12:15 p.m. UTC might trigger some volatility. Additionally, U.S. Jobless Claims at 12:30 p.m. UTC will shed light on the state of the U.S. labour market, potentially altering Fed monetary policy expectations. Moreover, traders should monitor any tariff-related news and developments around trade negotiations. Key levels to watch are resistance at $3,381 and support at $3,305.
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Octa surveyed CFD traders—and the results are eye-opening.
Here’s what they consider the biggest red flags in a broker.
🔴 Chart manipulations.
🔴 Slow deposits and withdrawals.
🔴 Unfair commissions and hidden fees.
🔴 Aggressive ads and shady signals.
💡 What do traders want instead?
✅ Fast, reliable withdrawals.
✅ Transparent conditions.
✅ Verified pricing from third-party providers.
✅ Protection from scams and fraud.
🔍 Read the insights and find out why more traders trust Octa & follow @octa_analytics for more expert content
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BTCUSD, 15-minute timeframe chart
👉General outlook
BTCUSD has been trading in a bearish trend for the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Buy order at 84,500.00.
Set your stop loss at 83,900.00 below the previous low ($6.000 loss for 0.01 lot) and take profit at 85,100.00 ($6.00 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.
Some traders may close their positions on Friday, which can add more pressure to the market.
@octa_analytics
👉General outlook
BTCUSD has been trading in a bearish trend for the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Buy order at 84,500.00.
Set your stop loss at 83,900.00 below the previous low ($6.000 loss for 0.01 lot) and take profit at 85,100.00 ($6.00 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.
Some traders may close their positions on Friday, which can add more pressure to the market.
@octa_analytics
📊 ETF investors believe in Bitcoin
On Thursday, Bitcoin (BTC) gained 1.11% against the U.S. dollar (USD) and was moving near $85,000 due to continued inflows into exchange-traded funds (ETFs).
👉Possible effects for traders
The ETFs and Saylor have been buying up all the "dumps" from the tourists, FTX refugees, GBTC discounters, legal unlocks, govt confiscations, and Lord knows who else', said Bloomberg ETF analyst Eric Balchunas. Michael Saylor's firm, Strategy, purchased 3,459 BTC for $285.5 million on 14 April at an average price of $82,618. Over the past 30 days, BTCUSD ETFs have attracted $131.04 million and are up $2.4 billion since 1 January. Balchunas called these inflows 'impressive', noting they help explain why Bitcoin has been relatively stable.
The expected rate cuts by the Federal Reserve (Fed) are the second major factor that could support crypto investors. Jerome Powell, U.S. Fed Chair, stated there were concerns about Trump's tariffs policy, which will negatively impact inflation and unemployment rates. Thus, the Fed may have to reduce the base rate more aggressively than the regulator planned to.
BTCUSD declined slightly during the Asian and early European trading sessions. The price is moving above $84,500, and the 100-hour simple moving average zone—a strong support level—is being tested. BTC must break above the $85,200 resistance to continue rising in the near term. Low volatility is expected due to the Easter holidays between 17 and 22 April, which may limit BTCUSD moves.
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On Thursday, Bitcoin (BTC) gained 1.11% against the U.S. dollar (USD) and was moving near $85,000 due to continued inflows into exchange-traded funds (ETFs).
👉Possible effects for traders
The ETFs and Saylor have been buying up all the "dumps" from the tourists, FTX refugees, GBTC discounters, legal unlocks, govt confiscations, and Lord knows who else', said Bloomberg ETF analyst Eric Balchunas. Michael Saylor's firm, Strategy, purchased 3,459 BTC for $285.5 million on 14 April at an average price of $82,618. Over the past 30 days, BTCUSD ETFs have attracted $131.04 million and are up $2.4 billion since 1 January. Balchunas called these inflows 'impressive', noting they help explain why Bitcoin has been relatively stable.
The expected rate cuts by the Federal Reserve (Fed) are the second major factor that could support crypto investors. Jerome Powell, U.S. Fed Chair, stated there were concerns about Trump's tariffs policy, which will negatively impact inflation and unemployment rates. Thus, the Fed may have to reduce the base rate more aggressively than the regulator planned to.
BTCUSD declined slightly during the Asian and early European trading sessions. The price is moving above $84,500, and the 100-hour simple moving average zone—a strong support level—is being tested. BTC must break above the $85,200 resistance to continue rising in the near term. Low volatility is expected due to the Easter holidays between 17 and 22 April, which may limit BTCUSD moves.
📲 More trading opportunities in our app
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🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH
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📊 Euro declines after ECB rate cut
The euro (EUR) lost 0.31% against the U.S. dollar (USD) after the European Central Bank (ECB) cut its base rate, as expected.
👉Possible effects for traders
On Thursday, the European Central Bank cut its interest rate for the seventh time in a year. The regulator also cautioned that U.S. tariffs would significantly impede economic growth, increasing expectations for further monetary easing in the coming months. 'It has a dovish tone. Focus has shifted to looking at the downside risk to the growth outlook, rather than upside risk to inflation', said Kirstine Kundby-Nielsen, FX analyst at Danske Bank. Indeed, interest rate swaps market data currently implies a 20% chance that the ECB will reduce its base rate towards just 1.25% by mid-2026, putting it substantially below the Federal Reserve's (Fed) expected base rate. The divergence in monetary policy expectations may be shifting in the U.S. dollar's favour.
Jerome Powell, the Fed Chair, said that the U.S. central bank would wait for more economic data before changing interest rates. Still, he cautioned that Trump's tariff policies may push inflation and employment indicators further from the central bank's goal. At the same time, Thursday's data showed that the number of Americans filing applications for unemployment benefits fell last week, suggesting that labour market conditions remained stable in April. Overall, the risk of a strong downward correction in EURUSD has increased. If the U.S. strikes a trade deal with Japan over the weekend, U.S. Dollar Index (DXY) may jump sharply, pushing other currencies lower.
EURUSD remained relatively unchanged during the Asian and early European trading sessions. Today, the U.S. market is closed due to the Good Friday holiday, and volatility will likely be low. Also, the liquidity will likely remain thin until Tuesday as the U.S. and other countries celebrate Easter on Monday. Traders should monitor any tariff-related news and negotiations, specifically with Japan. Key levels to watch are resistance at 1.14250 and support at 1.12780.
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The euro (EUR) lost 0.31% against the U.S. dollar (USD) after the European Central Bank (ECB) cut its base rate, as expected.
👉Possible effects for traders
On Thursday, the European Central Bank cut its interest rate for the seventh time in a year. The regulator also cautioned that U.S. tariffs would significantly impede economic growth, increasing expectations for further monetary easing in the coming months. 'It has a dovish tone. Focus has shifted to looking at the downside risk to the growth outlook, rather than upside risk to inflation', said Kirstine Kundby-Nielsen, FX analyst at Danske Bank. Indeed, interest rate swaps market data currently implies a 20% chance that the ECB will reduce its base rate towards just 1.25% by mid-2026, putting it substantially below the Federal Reserve's (Fed) expected base rate. The divergence in monetary policy expectations may be shifting in the U.S. dollar's favour.
Jerome Powell, the Fed Chair, said that the U.S. central bank would wait for more economic data before changing interest rates. Still, he cautioned that Trump's tariff policies may push inflation and employment indicators further from the central bank's goal. At the same time, Thursday's data showed that the number of Americans filing applications for unemployment benefits fell last week, suggesting that labour market conditions remained stable in April. Overall, the risk of a strong downward correction in EURUSD has increased. If the U.S. strikes a trade deal with Japan over the weekend, U.S. Dollar Index (DXY) may jump sharply, pushing other currencies lower.
EURUSD remained relatively unchanged during the Asian and early European trading sessions. Today, the U.S. market is closed due to the Good Friday holiday, and volatility will likely be low. Also, the liquidity will likely remain thin until Tuesday as the U.S. and other countries celebrate Easter on Monday. Traders should monitor any tariff-related news and negotiations, specifically with Japan. Key levels to watch are resistance at 1.14250 and support at 1.12780.
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📊 Gold retreats from its high
The gold (XAU) price failed to hold above the important $3,336 level yesterday. Some investors opted to secure profits and exit long positions before the extended weekend.
👉Possible effects for traders
Although a rally in XAUUSD seems to have paused, the pair remains in a very strong uptrend. The weak U.S. dollar (USD), escalating trade tensions between the U.S. and China, and structural demand of global central banks continue to support the bullion. 'I think (gold) is quite overbought, and there's some profit taking at work... However, big dips in gold will be bought into because the landscape going into 2025 is still very uncertain', said Marex analyst Edward Meir. The tariff drama is still unfolding. Recently, U.S. President Donald Trump ordered a probe into potential tariffs on all critical mineral imports, in addition to reviews of pharmaceutical and chip imports.
At the same time, the U.S. is currently negotiating trade tariffs with several countries, and there is a possibility that a trade deal with Japan could be announced over the weekend. This may provoke a downward correction in gold. 'We remain bullish towards gold. That said, near-term corrections are likely to occur as tactical players take profits or perhaps experience margin calls triggered by another round of equity liquidations', said analysts at consultancy Metals Focus.
Today, the U.S. market is closed due to the Good Friday holiday. Volatility will also be low on Monday due to the Easter Monday holiday. Traders should keep an eye on any tariff-related news and developments around trade talks, specifically with Japan. Key levels to watch are resistance at $3,360 and support at $3,283.
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The gold (XAU) price failed to hold above the important $3,336 level yesterday. Some investors opted to secure profits and exit long positions before the extended weekend.
👉Possible effects for traders
Although a rally in XAUUSD seems to have paused, the pair remains in a very strong uptrend. The weak U.S. dollar (USD), escalating trade tensions between the U.S. and China, and structural demand of global central banks continue to support the bullion. 'I think (gold) is quite overbought, and there's some profit taking at work... However, big dips in gold will be bought into because the landscape going into 2025 is still very uncertain', said Marex analyst Edward Meir. The tariff drama is still unfolding. Recently, U.S. President Donald Trump ordered a probe into potential tariffs on all critical mineral imports, in addition to reviews of pharmaceutical and chip imports.
At the same time, the U.S. is currently negotiating trade tariffs with several countries, and there is a possibility that a trade deal with Japan could be announced over the weekend. This may provoke a downward correction in gold. 'We remain bullish towards gold. That said, near-term corrections are likely to occur as tactical players take profits or perhaps experience margin calls triggered by another round of equity liquidations', said analysts at consultancy Metals Focus.
Today, the U.S. market is closed due to the Good Friday holiday. Volatility will also be low on Monday due to the Easter Monday holiday. Traders should keep an eye on any tariff-related news and developments around trade talks, specifically with Japan. Key levels to watch are resistance at $3,360 and support at $3,283.
📲 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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3️⃣ Await verification—usually, it’s completed within one business day.
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And hey — we respect the grind.
But if you're looking to build actual skills, understand the markets, and make informed decisions — Octa's free educational tools are here to help.
❗ We don't offer trading advice. You make the calls — we just give you the knowledge to back them up.
🔗 Check out our learn section and trade smart
And hey — we respect the grind.
But if you're looking to build actual skills, understand the markets, and make informed decisions — Octa's free educational tools are here to help.
❗ We don't offer trading advice. You make the calls — we just give you the knowledge to back them up.
🔗 Check out our learn section and trade smart
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🔎 Apply filters to find videos for your learning needs. Set notifications for upcoming webinars to catch the moment when a live stream starts.
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🇮🇩 22/04, 7 p.m. WIB – [INDONESIAN] – Live trading session with Vito Henjoto
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🇮🇩 25/04, 7 p.m. WIB – [INDONESIAN] – Q&A session with Vito Henjoto
💫 Webinars are now right within the Octa Trading App on your Android device. Download the latest update and master your trading even more conveniently.
🔎 Apply filters to find videos for your learning needs. Set notifications for upcoming webinars to catch the moment when a live stream starts.
👋 Join and learn more about trading:
🇮🇩 22/04, 7 p.m. WIB – [INDONESIAN] – Live trading session with Vito Henjoto
🇬🇧 22/04, 9 p.m. MYT – [ENGLISH] – Live trading session on OctaTrader with Kar Yong Ang
🇮🇩 23/04, 7 p.m. WIB – [INDONESIAN] – Live trading session with Setyo Wibowo
🇲🇾 24/04, 9 p.m. MYT – [MALAY] – Live trading session with Cikgu Danie
🇬🇧 24/04, 6 p.m. WAT – [ENGLISH] – Live trading session on OctaTrader with Tunmise Olaoluwa
🇮🇩 25/04, 7 p.m. WIB – [INDONESIAN] – Q&A session with Vito Henjoto
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BTCUSD, 30-minute timeframe chart
👉General outlook
BTCUSD has been trading in a bullish trend for the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Buy order at 87,600.00.
Set your stop loss at 86,946.00 below the previous low ($6.54 loss for 0.01 lot) and take profit at 88,254.00 ($6.54 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.
@octa_analytics
👉General outlook
BTCUSD has been trading in a bullish trend for the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Buy order at 87,600.00.
Set your stop loss at 86,946.00 below the previous low ($6.54 loss for 0.01 lot) and take profit at 88,254.00 ($6.54 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.
@octa_analytics
USDJPY, 15-minute timeframe chart
👉General outlook
USDJPY has been trading in a sideways market for the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Buy order at 140.650.
Set your stop loss at 140.320 below the previous low ($2.350 loss for 0.01 lot) and take profit at 140.980 ($2.35 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.
@octa_analytics
👉General outlook
USDJPY has been trading in a sideways market for the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Buy order at 140.650.
Set your stop loss at 140.320 below the previous low ($2.350 loss for 0.01 lot) and take profit at 140.980 ($2.35 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.
@octa_analytics
#weekly_outlook
🔎 Keeping up-to-date with the market helps you make better trading decisions
Here’s a Weekly Market Outlook for 21 – 25 April from Vito Henjoto.
Stay informed and trade wisely.
🔎 Keeping up-to-date with the market helps you make better trading decisions
Here’s a Weekly Market Outlook for 21 – 25 April from Vito Henjoto.
Stay informed and trade wisely.
YouTube
[ENGLISH] Market Analysis: 21 – 25 April | Octa Weekly
🔗 Start trading: https://octafx.onelink.me/9b1I/merketanalysisvitoENG
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📊 British pound reaches a highest level in seven month
On Monday, the British pound (GBP) appreciated by 0.7%, reaching 1.33855—the highest since 1 October. 'We've had a pretty impressive run of strength for most of the G10 currencies, and so I think we're just in a bit of a pause phase right now', said Eric Theoret, FX strategist at Scotiabank. 'Our medium-term view's still bearish for the U.S. dollar, so we're just seeing this as a bit of a consolidation', he added.
👉Possible effects for traders
Global trade tensions, particularly involving the U.S., China, and the eurozone, remain a key risk for GBPUSD. The U.K., as a trade-reliant economy, could face secondary impacts from any escalation in tariffs or supply chain disruptions. Meanwhile, any improvement in U.S.-China trade relations may reduce safe-haven flows, benefiting risk-sensitive currencies like the British pound.
The British pound also remains sensitive to domestic economic conditions. Recent data indicates that the U.K. economy faces challenges: slowing GDP growth, elevated inflationary pressures, and subdued consumer spending. Thus, the Bank of England (BoE) has adopted a cautious tone in its recent statements, signalling a potential pause or end of its rate-hiking cycle. Any signs of a dovish shift—especially in light of weakening economic growth—could weigh down on the pound in the medium term.
GBPUSD moved higher during the Asian and early European sessions. Although trading activity will be relatively subdued today, market participants should monitor any updates about global trade tariffs. A more balanced stance from the U.S. and China could trigger a sharp downside correction in GBPUSD. Furthermore, upcoming speeches from U.S. and Chinese officials later today may trigger additional volatility in USD-related currency pairs. Key technical levels to monitor include resistance at 1.34300 and support at 1.33000.
📲 More trading opportunities in our app
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🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH
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On Monday, the British pound (GBP) appreciated by 0.7%, reaching 1.33855—the highest since 1 October. 'We've had a pretty impressive run of strength for most of the G10 currencies, and so I think we're just in a bit of a pause phase right now', said Eric Theoret, FX strategist at Scotiabank. 'Our medium-term view's still bearish for the U.S. dollar, so we're just seeing this as a bit of a consolidation', he added.
👉Possible effects for traders
Global trade tensions, particularly involving the U.S., China, and the eurozone, remain a key risk for GBPUSD. The U.K., as a trade-reliant economy, could face secondary impacts from any escalation in tariffs or supply chain disruptions. Meanwhile, any improvement in U.S.-China trade relations may reduce safe-haven flows, benefiting risk-sensitive currencies like the British pound.
The British pound also remains sensitive to domestic economic conditions. Recent data indicates that the U.K. economy faces challenges: slowing GDP growth, elevated inflationary pressures, and subdued consumer spending. Thus, the Bank of England (BoE) has adopted a cautious tone in its recent statements, signalling a potential pause or end of its rate-hiking cycle. Any signs of a dovish shift—especially in light of weakening economic growth—could weigh down on the pound in the medium term.
GBPUSD moved higher during the Asian and early European sessions. Although trading activity will be relatively subdued today, market participants should monitor any updates about global trade tariffs. A more balanced stance from the U.S. and China could trigger a sharp downside correction in GBPUSD. Furthermore, upcoming speeches from U.S. and Chinese officials later today may trigger additional volatility in USD-related currency pairs. Key technical levels to monitor include resistance at 1.34300 and support at 1.33000.
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📊 Euro benefits from weakening U.S. dollar
The euro (EUR) surged by over 1% to above 1.15000 on Monday, setting a high last seen in 2022. It was buoyed by safe-haven demand amid global trade tensions and a weaker U.S. dollar (USD).
👉Possible effects for traders
Last week, U.S. President Donald Trump ordered an investigation of the possibility of imposing new tariffs on all U.S. critical mineral imports. This marked a significant escalation in U.S. trade tensions with its partners, especially China. Thus, the U.S. dollar slipped towards a three-year low, making the euro more attractive for investors. Meanwhile, White House economic adviser Kevin Hassett stated on Friday that the Trump administration continues to explore the legal grounds for dismissing Federal Reserve Chair Jerome Powell. If Powell is removed from his position, it could have serious implications for the central bank's independence and global financial markets.
'Powell doesn't report directly to Trump, so Trump can't actually fire him. He can only be removed from office under certain procedures, which one would think have a higher barrier... But can the president move the cogs and wheels to undermine the perceived independence of the Fed? Sure, he could', said Vishnu Varathan, head of macro research for Asia ex-Japan at Mizuho. 'It's really a buffet for any U.S. dollar bear... from the heightened uncertainty around the self-harm from tariffs to the loss of faith even prior to the Powell news', Varathan added.
EURUSD rose during the Asian and early European trading sessions. While today's official macroeconomic calendar is light, traders should monitor any news regarding global trade tariffs. Further retaliation regarding tariffs from Chinese officials could trigger a significant upward rally in EURUSD. Key levels to watch are resistance at 1.15300 and support at 1.14000.
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The euro (EUR) surged by over 1% to above 1.15000 on Monday, setting a high last seen in 2022. It was buoyed by safe-haven demand amid global trade tensions and a weaker U.S. dollar (USD).
👉Possible effects for traders
Last week, U.S. President Donald Trump ordered an investigation of the possibility of imposing new tariffs on all U.S. critical mineral imports. This marked a significant escalation in U.S. trade tensions with its partners, especially China. Thus, the U.S. dollar slipped towards a three-year low, making the euro more attractive for investors. Meanwhile, White House economic adviser Kevin Hassett stated on Friday that the Trump administration continues to explore the legal grounds for dismissing Federal Reserve Chair Jerome Powell. If Powell is removed from his position, it could have serious implications for the central bank's independence and global financial markets.
'Powell doesn't report directly to Trump, so Trump can't actually fire him. He can only be removed from office under certain procedures, which one would think have a higher barrier... But can the president move the cogs and wheels to undermine the perceived independence of the Fed? Sure, he could', said Vishnu Varathan, head of macro research for Asia ex-Japan at Mizuho. 'It's really a buffet for any U.S. dollar bear... from the heightened uncertainty around the self-harm from tariffs to the loss of faith even prior to the Powell news', Varathan added.
EURUSD rose during the Asian and early European trading sessions. While today's official macroeconomic calendar is light, traders should monitor any news regarding global trade tariffs. Further retaliation regarding tariffs from Chinese officials could trigger a significant upward rally in EURUSD. Key levels to watch are resistance at 1.15300 and support at 1.14000.
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📊 Gold hits all-time highs as expectations of tariff war escalate
On Monday, China cautioned other countries against entering broader economic agreements with the U.S. that might come at Beijing's expense. U.S. President Donald Trump is pursuing a negotiation strategy as he seeks tariff reductions or exemptions from various countries. Due to trade tensions, the U.S. dollar slipped towards a three-year low, boosting gold's (XAU) appeal to investors holding other currencies. At the same time, Trump harshly criticised Federal Reserve (Fed) Chair Jerome Powell last Thursday as Trump's team seeks the possibility of removing Powell from his position.
👉Possible effects for traders
On the geopolitical front, Russia and Ukraine accused each other of thousands of violations of the one-day Easter ceasefire declared by President Vladimir Putin. The Kremlin stated there were no plans to extend the temporary halt in frontline combat. 'Fundamentally, markets are pricing in heightened geopolitical risks, driven by U.S. tariff tensions and stagflation concerns, while resilient central bank demand offers an added tailwind for prices as well', said IG market strategist Yeap Jun Rong. 'The next potential milestone for gold could be around the $3,500 level, though positioning may appear crowded in the near term, and technical indicators suggest near-term overbought conditions', Rong added.
XAUUSD rose by 1.5% during the Asian and early European trading sessions. Today, the calendar is relatively uneventful due to Easter Monday. Still, traders should continue to monitor any developments around global trade tariffs. If the Trump administration's rhetoric continues to threaten China, XAUUSD will continue to climb towards new highs. Key levels to watch are resistance at $3,400 and support at $3,360.
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On Monday, China cautioned other countries against entering broader economic agreements with the U.S. that might come at Beijing's expense. U.S. President Donald Trump is pursuing a negotiation strategy as he seeks tariff reductions or exemptions from various countries. Due to trade tensions, the U.S. dollar slipped towards a three-year low, boosting gold's (XAU) appeal to investors holding other currencies. At the same time, Trump harshly criticised Federal Reserve (Fed) Chair Jerome Powell last Thursday as Trump's team seeks the possibility of removing Powell from his position.
👉Possible effects for traders
On the geopolitical front, Russia and Ukraine accused each other of thousands of violations of the one-day Easter ceasefire declared by President Vladimir Putin. The Kremlin stated there were no plans to extend the temporary halt in frontline combat. 'Fundamentally, markets are pricing in heightened geopolitical risks, driven by U.S. tariff tensions and stagflation concerns, while resilient central bank demand offers an added tailwind for prices as well', said IG market strategist Yeap Jun Rong. 'The next potential milestone for gold could be around the $3,500 level, though positioning may appear crowded in the near term, and technical indicators suggest near-term overbought conditions', Rong added.
XAUUSD rose by 1.5% during the Asian and early European trading sessions. Today, the calendar is relatively uneventful due to Easter Monday. Still, traders should continue to monitor any developments around global trade tariffs. If the Trump administration's rhetoric continues to threaten China, XAUUSD will continue to climb towards new highs. Key levels to watch are resistance at $3,400 and support at $3,360.
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EURUSD, 15-minute timeframe chart
👉General outlook
EURUSD has been under selling pressure within the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1.15100.
Set your stop loss at 1.15550 above the previous high ($4.50 loss for 0.01 lot) and take profit at 1.14450 ($6.50 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.44.
The upcoming news will not influence your orders within the mentioned period.
@octa_analytics
👉General outlook
EURUSD has been under selling pressure within the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1.15100.
Set your stop loss at 1.15550 above the previous high ($4.50 loss for 0.01 lot) and take profit at 1.14450 ($6.50 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.44.
The upcoming news will not influence your orders within the mentioned period.
@octa_analytics
📈 What moved the market last week?
Our latest market movers round-up reveals the key shifts:
🚀 Top performers:
XAUUSD +2.82% — gold soared as risk sentiment pushed traders toward safe-haven assets.
NZDUSD +1.94% — the kiwi dollar bounced on improved market optimism.
GBPUSD +1.64% — sterling gained amid hawkish BoE expectations.
❌ Biggest laggards:
USDMXN –3.05% — the peso weakened on market risk rebalancing.
USDZAR –1.64% — the rand strengthened as local sentiment held firm.
USDJPY –0.94% — the yen gained with safe-haven demand increasing.
💬 The ongoing US–China trade tensions continue to drive market behaviour.
Follow @octa_analytics for more expert information
Our latest market movers round-up reveals the key shifts:
🚀 Top performers:
XAUUSD +2.82% — gold soared as risk sentiment pushed traders toward safe-haven assets.
NZDUSD +1.94% — the kiwi dollar bounced on improved market optimism.
GBPUSD +1.64% — sterling gained amid hawkish BoE expectations.
❌ Biggest laggards:
USDMXN –3.05% — the peso weakened on market risk rebalancing.
USDZAR –1.64% — the rand strengthened as local sentiment held firm.
USDJPY –0.94% — the yen gained with safe-haven demand increasing.
💬 The ongoing US–China trade tensions continue to drive market behaviour.
Follow @octa_analytics for more expert information