#webinars_schedule #education

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🇬🇧 29/04, 6 p.m. WAT – ENGLISH – Live trading session with Ambrose Ebuka
🇬🇧 02/05, 12 p.m. UTC – ENGLISH – Webinar 'Nonfarm Payroll' with Vito Henjoto

XAUUSD, 15-minute timeframe chart

👉General outlook

XAUUSD 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 3,295.00.

Set your stop loss at 3,313.00 above the previous high ($18.00 loss for 0.01 lot) and take profit at 3,277.00 ($18.00 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

GBPJPY, 15-minute timeframe chart

👉General outlook

GBPJPY 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 191.160.

Set your stop loss at 190.750 below the previous low ($2.85 loss for 0.01 lot) and take profit at 191.570 ($2.85 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 28 April – 2 May from Vito Henjoto.

Stay informed and trade wisely.

📊 EURUSD remains in bearish trend

Last Friday, the euro (EUR) weakened amid the strengthening of the U.S. dollar (USD).

👉Possible effects for traders

The uncertainty itself is at least as damaging as the tariffs themselves, hurting the U.S. economy at least as much as the rest of the world', said Christian Keller, head of economics research at Barclays. 'Even if the ongoing earnings season still shows robust numbers, many companies will likely prepare to hunker down until visibility improves', he warned. 'This makes a recession increasingly likely'.

This week's consumer price data for Germany and the eurozone are projected to show a continued moderation in headline inflation. A further easing in price pressures would increase the chances that the European Central Bank (ECB) will implement an additional rate cut at its June meeting. Investors will scrutinise the data closely to assess the extent of disinflationary trends and their potential impact on the ECB's monetary policy path. Particularly, it will hint at how the central bank will seek balance to support growth while maintaining price stability.

EURUSD remained unchanged during the Asian and early European trading sessions. Although the official macroeconomic calendar is uneventful, traders should watch any news regarding global trade tariffs. Further tariff retaliation from Chinese authorities could trigger a significant upward rally in EURUSD. Key levels to watch are resistance at 1.14000 and support at 1.13000.

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📊 Gold retreats from its highs

Gold (XAU) broke a record high of $3,500 last week. However, due to a stronger U.S. dollar (USD) and easing tensions between the U.S. and China, it lost all the gains and closed on Friday down by 1.5% at $3,282.

👉Possible effects for traders

China announced tariff exemptions for select U.S. imports, easing some pressure from its 125% duties. However, China's officials have excluded the possibility of resuming trade negotiations with U.S. President Donald Trump's administration. The developments weighed down on gold prices by making U.S. dollar-denominated assets more expensive for holders of other currencies. 'The apparent detente on tariffs is negatively affecting gold prices... But so far we've not seen substantial liquidations', said TD Securities commodity strategist Daniel Ghali. 'However, we know that they've continued to buy the dip over the last few sessions, so we think gold can resume its upward trajectory', he added.

Market participants are now focusing on several critical U.S. economic releases scheduled this week: the initial estimate of Q1 Gross Domestic Product Growth, Personal Consumption Expenditures (PCE) inflation report, and employment data. The data is expected to provide further insight into the Federal Reserve's potential monetary policy trajectory and the broader economic outlook.

XAUUSD fell by 0.79% during the Asian and early European trading sessions. Today, the calendar is relatively uneventful. 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 climbing towards new highs. Key levels to watch are resistance at $3,370 and support at $3,280.

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📊 Japanese economy shows signs of growth

On Friday, the Japanese yen (JPY) rose by over 0.7% against the U.S. dollar (USD).

👉Possible effects for traders

The strengthening comes ahead of the Bank of Japan (BoJ) meeting on 5 May, where the regulator is expected to keep the key interest rate unchanged at 0.5%. The anticipated decision reflects the regulator's cautious approach amid persistent inflation and external economic risks, including uncertainty related to U.S. tariff policy. BoJ Governor Kazu Ueda emphasised that further steps to tighten monetary policy will depend on inflation and economic growth dynamics. Japan's annual inflation rate fell from 3.7% towards 3.6% in March, the lowest since November last year. That exceeded the central bank's 2% target for the third consecutive year.

The strengthening has been driven partly by repatriation flows as Japanese institutions have sold foreign assets and brought capital home', writes Udith Sikand, senior analyst at Gavekal. 'In short, the increasingly strong impression among investors that the age of American exceptionalism is over is generating capital flows into the yen', Sikand added. 'This suggests that yen strength is here to stay', he concluded.

USDJPY rose slightly during the Asian and early European trading sessions. This week, the market expects the release of important U.S. economic data, including employment data and preliminary gross domestic product figures for Q1. Better-than-expected figures may reinforce expectations that the Federal Reserve will keep high interest rates, weakening the Japanese yen and triggering volatility in USD pairs. Key levels to watch are resistance at 144.000 and support at 143.500.

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#economic_calendar

These events may affect the market on 29 April.

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USDCAD, 15-minute timeframe chart

👉General outlook

USDCAD 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 1.38290.

Set your stop loss at 1.38000 below the previous low ($2.10 loss for 0.01 lot) and take profit at 1.38580 ($2.10 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

📊 British pound strenghtens due to U.S. dollar's weakness

The British pound (GBP) increased towards a three-year high of 1.34000 on Monday.

👉Possible effects for traders

The EY Item Club has revised the U.K. economic outlook downward, citing the impact of U.S. tariffs introduced by U.S. President Donald Trump. The group now projects a gross domestic product growth rate of just 0.8% in 2025, down from its previous estimate of 1%. The firm also lowered its 2026 forecast towards 0.9%. The downgrade reflects expectations that the escalating global tariff war will dampen consumer spending and restrain business investment.

'Given the conflicting signals, I think a deal is very unlikely in the near-term, and China might be preparing for a protracted trade war', said Carol Kong, a currency strategist at Commonwealth Bank of Australia. 'Overall, the U.S. tariff policy is very chaotic, and markets definitely don't like that, but there is indeed some growing optimism that the worst of the trade war is over'.

GBPUSD fell slightly during Asian and early European trading sessions. Today, U.S. JOLTS Job Openings data at 2:00 p.m. UTC may shift investors' monetary policy expectations and trigger volatility in GBPUSD. Numbers exceeding the forecast may lower the probability of an interest rate cut by the Federal Reserve, pushing GBPUSD lower towards 1.33000. Lower-than-expected results will confirm that the U.S. labour market is loosening, pushing GBPUSD above 1.34500.

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Follow @octa_analytics for more expert information

📊 EURUSD remains in bearish trend

The euro (EUR) gained 0.43% against the U.S. dollar (USD) on Monday. The U.S. dollar weakened as investors underestimated the state of the U.S. economy and began forecasting tariff cuts after recent comments from Treasury Secretary Scott Bessent.

👉Possible effects for traders

'This is the calm before the storm. We're consolidating, trading broadly sideways today, mostly within Friday's ranges', said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York. 'The big stuff still lies ahead this week. We have largely seen soft survey data, but this week we will see evidence that weakness has crept into the real sector data such as Q1 GDP (gross domestic product), and that's before the tariffs', Chandler added.

Meanwhile, eurozone economic statistics released this morning surprised the market. The German GfK Consumer Sentiment report was better than expected and showed that sentiment rose from −24.3 towards −20.6—the highest since November 2024. The economic outlook for the eurozone is still complicated by geopolitical uncertainties, such as ongoing global trade tensions and the effects of international conflicts, particularly in Ukraine. These factors push higher energy prices and make it difficult for the European Central Bank (ECB) to balance economic growth and low inflation.

EURUSD fell during the Asian and early European trading sessions. Today, the market focuses on the U.S. macroeconomic reports at 2:00 p.m. UTC: JOLTS Job Openings and CB Consumer Confidence. Stronger-than-expected figures could delay rate cuts by the Federal Reserve, bringing EURUSD below 1.13000. Conversely, lower-than-expected results may weaken the greenback and push EURUSD higher, above 1.14300.

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📊 Gold continues to consolidate

Gold (XAU) has been fluctuating within a narrow range of $3,260–3,360 since the beginning of the week, due to a lack of new drivers and trade tariff news. On Monday, U.S. Treasury Secretary Scott Bessent remarked that several key U.S. trading partners have submitted 'very good' proposals designed to forestall the imposition of U.S. tariffs. He highlighted China's recent exemption of some American goods from its counter-tariffs as a signal of Beijing's intent to de-escalate trade tensions. Still, Bessent underscored that the U.S. is actively engaged in negotiations and that the responsibility ultimately lies with China to implement substantive measures to reduce trade tensions.

👉Possible effects for traders

'We're starting to see the first signs of selling exhaustion', TD Securities commodity strategist Daniel Ghali said, adding that the risk of a downward correction in gold is extremely limited. 'Western investors, particularly discretionary traders or macro funds, have been completely under-positioned in this last leg of gold's rally, and as a result of that, there's a limited amount of selling activity, and gold prices are drifting higher to reflect that', Ghali added.

The bullish trend may continue, driven by increased demand for gold. 'Feedback from experts suggests that buyers are showing keen interest in various forms of gold, including higher karat gold jewellery, gold ETFs, digital gold, coins and bars, further strengthening its role in Indian households. Given the seasonal and wedding demand, strong gold buying is expected this festive season', Sachin Jain, regional executive director of World Gold Council India, wrote in a note.

XAUUSD fell during the Asian and early European trading sessions. Today, traders should continue monitoring developments around global trade tariffs. Also, U.S. macroeconomic releases may trigger extra volatility. CB Consumer Confidence and JOLTS Job Openings reports are due at 2:00 p.m. UTC. Higher-than-expected figures may pause the rally in XAUUSD but are unlikely to break the bullish trend. Lower-than-expected results may push the pair above $3,350.

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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 1.34097.

Set your stop loss at 1.34396 above the previous high ($2.99 loss for 0.01 lot) and take profit at 1.33798 ($2.99 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 30 April.

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

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 Sell order at 1,810.50.

Set your stop loss at 1,836.50 above the previous high ($2.60 loss for 0.01 lot) and take profit at 1,784.50 ($2.60 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