#economic_calendar

These events may affect the market on 23 April.

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ETHUSD, 15-minute timeframe chart

👉General outlook

ETHUSD 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 1,810.00.

Set your stop loss at 1,750.00 below the previous low ($6.00 loss for 0.01 lot) and take profit at 1,870.00 ($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.

@octa_analytics

📊 Japanese economy showed signs of growth

On Tuesday, the Japanese yen (JPY) lost more than 1% against the U.S. dollar (USD) as investors received signals of easing trade tensions between the U.S. and China.

👉Possible effects for traders

'Even if Japan and the U.S. were to discuss currency rates, there's really not much the two sides can do. It doesn't make sense to conduct currency intervention. Rate hikes are also out of the question,' said Hiroyuki Machida, director of Japan FX and commodities sales at ANZ. Meanwhile, new data from Japan revealed that private sector activity rebounded in April following a decline in March. The Japan Services Purchasing Managers' Index (PMI) rose from 50 in March towards 52.2 in April. Overall, the services sector's performance in April signalled a cautious return to economic growth.

USDJPY rose slightly during the Asian and early European trading sessions. Today, apart from tariff-related news, traders should focus on the U.S. S&P Manufacturing and Services PMI report at 1:45 p.m. UTC. It may shed light on the state of the U.S. labour market, potentially altering investors' rate-cut expectations and triggering volatility in all USD pairs. Key levels to watch are resistance at 143.200 and support at 140.000

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📊 EURUSD has pulled back

The U.S. dollar (USD) strengthened against other major currencies on Wednesday. Investors were relieved after U.S. President Donald Trump backed away from threats of firing Federal Reserve (Fed) Chair Jerome Powell. 'I have no intention of firing him,' Trump told reporters in the Oval Office on Tuesday. 'I would like to see him be a little more active in terms of his idea to lower interest rates,' he added.

👉Possible effects for traders

'While it's still early days, the mood in the market is evidently shifting, and what was a strong 'sell America' vibe flowing through markets yesterday has in part reversed,' said Chris Weston, head of research at broker Pepperstone. 'Markets are becoming ever more conditioned to the President shooting from the hip and then reversing the stance like it was never a big issue,' Weston commented.

Meanwhile, European Central Bank (ECB) President Christine Lagarde said on Tuesday that she sees no signs of recession in the eurozone. She commented that the disinflation process in the eurozone 'is on track, and we are close to completion'. Thus, there is little chance for an interest rate cut in May, especially after the ECB cut interest rates by another 25 basis points last week—the third cut in 2025 and the seventh since the regulator began easing monetary policy last summer.

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📊 Long-awaited correction seems to have come to gold market

The gold (XAU) price pulled back by 1% on Wednesday after reaching a new all-time high of $3,500. The decline followed U.S. President Donald Trump's softened tone on key economic issues, which reduced the metal's safe-haven appeal.

👉Possible effects for traders

Trump softened his earlier threats to dismiss Federal Reserve (Fed) Chair Jerome Powell and expressed renewed optimism about a potential trade deal with China. On Tuesday, he signalled a possible easing of trade tensions, stating that U.S. tariffs of 145% on Chinese imports could be reduced substantially once a deal is reached.

'The sell-off pushed gold into an extremely oversold condition in the short term,' said Kelvin Wong, Senior Market Analyst for Asia Pacific at OANDA. Despite the pullback, Wong noted that there is 'no sign of bullish exhaustion yet', suggesting room for further upward movement as prices remain above key support levels.

Earlier today, XAUUSD fell during the Asian and early European trading sessions. Today, investors await U.S. Purchasing Managers' Index data due at 1:45 p.m. UTC to get fresh clues on the economic situation. Spot gold may retest support at $3,286. A break below could open the way towards $3,000.

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#economic_calendar

These events may affect the market on 24 April.

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📊 Bitcoin paused its rally ahead of U.S. economic data

Bitcoin (BTC) rose by 0.27% against the U.S. dollar (USD) on Wednesday and moved near $94,000 on the expectation of decisions regarding the U.S. trade policy. Bitcoin has shown good resilience to market volatility and financial market uncertainty caused by trade tariffs war. Surprisingly, its 10-day volatility is lower than that of the major stock market indices. It may indicate that Bitcoin is more resilient against the U.S. dollar.

👉Possible effects for traders

'Even though Bitcoin is still correlated with stocks, the most significant part is now performing as a low beta by not amplifying equity risks,' commented David Lawant, head of research at FalconX. 'BTC isn't moving independently, but it's not amplifying equity risk like it used to. That's the real and important signal,' he added.

BTCUSD declined slightly during the Asian and early European trading sessions. The price is moving below $93,000 but still above the 100-hour simple moving average zone—a strong support level. Today, traders should focus on the U.S. Jobless Claims at 12:30 p.m. UTC. It may shed more light on the future U.S. interest rate path. Key levels to watch are support at $91,900 and resistance at $94,700.

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📊 EURUSD ticked slightly higher

The U.S. dollar (USD) has recovered from a three-and-a-half-year low of 1.15720 against the euro (EUR). Earlier this morning, the euro continued to move slightly lower and remained at around 1.13380.

👉Possible effects for traders

Christine Lagarde, President of the European Central Bank (ECB), said that the U.S. tariffs could have a disinflationary impact on Europe if there are no European countermeasures. However, tariffs would encourage China to redirect exports to the region. She added that the disinflationary effect would be partly offset by an expected increase in Germany's fiscal spending after the country's parliament passed a plan to significantly boost defence and infrastructure spending last month. Lagarde said she couldn't exclude the possibility of the ECB revising up its growth forecasts when it presents its next outlook in June in light of Trump's tariffs.

'It is clear, by now, that no other currency is as sensitive to trade headlines as the U.S. dollar,' wrote ING currency strategist Francesco Pesole in a note to clients. 'We still think the balance of risks remains skewed to the downside for USD in the near term, but we don't expect a repetition of the one-way traffic in dollar selling we have witnessed of late,' he said. 'That said, EURUSD remains almost entirely a function of USD moves. And another leg higher above 1.15000 remains possible should fears about the Fed's independence take centre stage again,' Pesole concluded.

EURUSD remained relatively flat during the Asian and early European trading sessions. Today, the U.S. Jobless Claims at 12:30 p.m. UTC will shed light on the state of the U.S. labour market. The data may alter Federal Reserve monetary policy expectations. Moreover, traders should monitor any tariff-related news and developments around trade negotiations. Key levels to watch for EURUSD are support at 1.13000 and resistance at 1.14000

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📊 Gold prices start to rise after losing almost 3%

The gold (XAU) price decreased by 2.74% on Wednesday after reaching a new all-time high of $3,261. The decline was due to U.S. President Donald Trump softening his stance on trade tariffs with key trading partners, reducing the metal's safe-haven appeal.

👉Possible effects for traders

U.S. Finance Minister Scott Bessent said on Wednesday that a reciprocal tariff reduction between China and the U.S. must be agreed upon to start trade talks. If the trade agreement is reached, it may keep U.S. economic growth on track to exceed the International Monetary Fund's estimate of 1.8%.

'The kind of volatility we're seeing this week is being driven by technicals and headline risk. But the fundamentals are strong, so dip buying is effectively a function of investors moving in on the basis of the bigger picture,' said Kyle Rodda, financial market analyst at Capital.com. 'We sustain an uptrend until the Trump administration really backs away from its trade policy,' he added.

Gold rose above $3,300 during the Asian trading session after yesterday's significant drop. Today, traders should focus on the U.S. Existing Home Sales report, due at 2:00 p.m. UTC. The data could increase volatility in the market, especially in USD pairs. If the figures exceed market expectations, the U.S. dollar will strengthen, weighing down on gold prices. Conversely, weaker-than-expected data may support gold by increasing demand for safe-haven assets.

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AUDUSD, 30-minute timeframe chart

👉General outlook

AUDUSD 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 Sell order at 0.63800.

Set your stop loss at 0.63990 above the previous high ($1.90 loss for 0.01 lot) and take profit at 0.63610 ($1.90 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

GBPJPY, 15-minute timeframe chart

👉General outlook

GBPJPY 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 189.800.

Set your stop loss at 189.188 below the previous low ($4.28 loss for 0.01 lot) and take profit at 190.412 ($4.28 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

GBPUSD, 30-minute timeframe chart

👉General outlook

GBPUSD 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 Sell order at 1.33040.

Set your stop loss at 1.33370 above the previous high ($3.30 loss for 0.01 lot) and take profit at 1.32710 ($3.30 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

XAUUSD, 30-minute timeframe chart

👉General outlook

XAUUSD 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 Sell order at 3,325.24.

Set your stop loss at 3,351.94 above the previous high ($26.70 loss for 0.01 lot) and take profit at 3,298.54 ($26.70 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

‼️ Join Octa Analytics VIP

Unlock premium signals, exclusive offers, and important events to boost your trading success.

To become a member of Octa Analytics VIP, follow these easy steps:

1️⃣ Make sure you have $50 or more in your account.
2️⃣ Take a screenshot of your balance and send it along with your Octa real account ID to our @octa_vip_bot chatbot.
3️⃣ Await verification—usually, it’s completed within one business day.

Ready to take your trading to the next level? Let us steer you toward success. The sooner you join, the more you’ll benefit from our elite trading community!

💯 Limited-time offer 💯 Don’t miss the opportunity to use the BONUSVIP100 promo code for a 100% deposit bonus!

#economic_calendar

These events may affect the market on 25 April.

🔥 Don't forget to get a 100% deposit bonus!

USDJPY, 30-minute timeframe chart

👉General outlook

USDJPY 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 Sell order at 143.340.

Set your stop loss at 143.750 above the previous high ($2.86 loss for 0.01 lot) and take profit at 142.930 ($2.86 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

📊 GBP gains 5% in strong April's rally

The British pound (GBP) gained 0.63% on Thursday as the U.S. dollar (USD) continued to fall. Still, the U.K.'s economic performance remains subdued.

👉Possible effects for traders

The International Monetary Fund downgraded the country's economic growth forecast for 2025 from 1.6% towards 1.1%, citing global trade turmoil and domestic fiscal constraints. U.K. inflation temporarily rose towards 3.1% due to higher energy prices but is expected to fall towards 2.2% in 2026. The Bank of England (BoE) is considering additional interest rate cuts, which could limit the potential for further GBP appreciation. Thus, despite the current GBPUSD growth, the pair's prospects remain uncertain due to domestic economic challenges and external trade risks.

Jonathan Moyes at Wealth Club said, 'The U.K. economy is not out of the woods yet. There is a long and swinging road to reach the bank's 2% inflation target. Services inflation remains stubbornly high, largely due to higher housing costs, including higher rents and council tax. The rise in the energy price cap is also set to see inflation jump in April.' He also added, 'whisper it quietly though, were it not for a global trade war, the U.K. consumer would be in excellent shape. Wage growth is running at 5.6%, a further three interest rate cuts this year will drive mortgage rates lower, food inflation is slowing, as is eating out and travelling. Plus, with the oil price in the low $60-a-barrel range, energy prices look to have peaked.' Finally, he commented that 'if the UK can escape the worst of the global trade war, it might not all be doom and gloom for the U.K. consumer this year, and we haven't said that for a while'.

GBPUSD declined during the Asian and early European trading sessions. Despite the negative analysts' forecasts, who assumed that U.K. retail sales in March would decrease by 0.3% compared to the previous month, the growth continued and amounted to 0.4%. The impact of this data on GBPUSD could be significant. As http://Forex.com notes, 'data from the U.K. could put pressure on the British pound if the retail sales report points to a slowdown in the economy.' If the market continues to receive positive signals, the BoE may reconsider the need for an interest rate cut in 2025. Key levels to watch are resistance at 1.33500 and support at 1.32000.

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📊 Euro strengthens but not for long

On Thursday, the euro (EUR) strengthened slightly against the U.S. dollar. This happened due to a weakening U.S. dollar (USD) caused by growing investor concerns about its stability.

👉Possible effects for traders

U.S. President Donald Trump's policies undermine confidence in the U.S. dollar as a safe-haven asset. Now, we are seeing serious structural and reputational challenges for the greenback. Given the need to raise foreign capital every year to finance the U.S. deficit, the European currency looks preferable.

Inflation is stabilising in the eurozone, which may limit further rate cuts by the European Central Bank (ECB). According to the ECB's latest survey of professional forecasters, eurozone inflation is expected to reach 2.2% in 2025 and stabilise at 2% in 2026. If trade tensions between the U.S. and China subside, the euro will receive additional support despite the political instability in France and Germany.

EURUSD fell by 0.5% during the Asian and early European trading sessions. Today, the market will focus on the U.S. UoM Consumer Sentiment report at 2:00 p.m. UTC. Stronger-than-expected figures may provoke a downward correction in EURUSD. Conversely, weaker-than-expected results may pull the pair towards 1.14000.

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