📊 EURUSD continues declining
On Wednesday, the euro (EUR) lost 0.5% against the U.S. dollar (USD) even though the eurozone Gross Domestic Product (GDP) Growth data exceeded the forecast, unlike the U.S. GDP report.
👉Possible effects for traders
A flash estimate showed that the eurozone economy grew by 1.2% year-on-year in Q1 2025, matching the previous quarter's pace and exceeding expectations of 1% growth. Among the eurozone's largest economies, Germany remains in recession, with the country's GDP contracting 0.2% year-on-year in Q1. Meanwhile, France and Italy showed modest growth of 0.8% and 0.6%, respectively. At the same time, U.S. data disappointed investors, with GDP declining by 0.3% instead of the forecasted 0.3% growth.
'It's important to realise that a large chunk of the fall in GDP is due to the sharp increase in imports, which takes away from GDP growth', said Oliver Pursche, senior vice president and advisor at Wealthspire Advisors. 'And that's probably due to the expectation of tariffs. So, if you were to normalise that, you end up with positive GDP growth for the quarter, but it certainly doesn't bode well for Q2'.
EURUSD fell slightly during the Asian and early European trading sessions. Today, traders should focus on two U.S. reports: Jobless Claims at 12:30 p.m. UTC and ISM Manufacturing (PMI) at 2:00 p.m. UTC. Lower-than-expected figures could push EURUSD down below 1.13000. Conversely, higher-than-expected results may push the pair higher towards 1.14300.
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On Wednesday, the euro (EUR) lost 0.5% against the U.S. dollar (USD) even though the eurozone Gross Domestic Product (GDP) Growth data exceeded the forecast, unlike the U.S. GDP report.
👉Possible effects for traders
A flash estimate showed that the eurozone economy grew by 1.2% year-on-year in Q1 2025, matching the previous quarter's pace and exceeding expectations of 1% growth. Among the eurozone's largest economies, Germany remains in recession, with the country's GDP contracting 0.2% year-on-year in Q1. Meanwhile, France and Italy showed modest growth of 0.8% and 0.6%, respectively. At the same time, U.S. data disappointed investors, with GDP declining by 0.3% instead of the forecasted 0.3% growth.
'It's important to realise that a large chunk of the fall in GDP is due to the sharp increase in imports, which takes away from GDP growth', said Oliver Pursche, senior vice president and advisor at Wealthspire Advisors. 'And that's probably due to the expectation of tariffs. So, if you were to normalise that, you end up with positive GDP growth for the quarter, but it certainly doesn't bode well for Q2'.
EURUSD fell slightly during the Asian and early European trading sessions. Today, traders should focus on two U.S. reports: Jobless Claims at 12:30 p.m. UTC and ISM Manufacturing (PMI) at 2:00 p.m. UTC. Lower-than-expected figures could push EURUSD down below 1.13000. Conversely, higher-than-expected results may push the pair higher towards 1.14300.
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If the link doesn’t work, try a special one for your country:
🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH
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📊 Gold declines for the third day in a row
The gold (XAU) price fell by 0.87% on Wednesday, pressured by concerns over the U.S. economic outlook.
👉Possible effects for traders
A weaker-than-expected Gross Domestic Product (GDP) report for Q1 showed that the U.S. economy had contracted by 0.3% instead of the expected 0.3% growth. The downturn was largely attributed to a more than 40% spike in imports, as businesses and consumers rushed to build inventories ahead. This happened due to anticipated tariff increases under Donald Trump's administration, highlighting the disruptive impact of ongoing trade tensions.
The ADP National Employment report also weighed on market sentiment. The data showed that private sector payrolls increased by just 62,000 in April, well below the estimates of 115,000. It marked the slowest pace of job creation since July 2024. The disappointing economic growth and soft labour market data have intensified fears of a potential recession. These concerns reinforce gold's role as a safe-haven asset, even as short-term price action remains volatile.
XAUUSD plunged by 1.63% during the Asian and early European trading sessions, hitting a low below $3,231. Today, the market will likely have to digest the announcement of the first tranche of deals that will reduce planned tariffs on some countries. In addition, U.S. macroeconomic reports may add extra volatility. Traders should focus on the Jobless Claims figures at 12:30 p.m. UTC and ISM Manufacturing Purchasing Managers' Index data at 2:00 p.m. UTC.
📲 More trading opportunities in our app
If the link doesn’t work, try a special one for your country:
🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH
The gold (XAU) price fell by 0.87% on Wednesday, pressured by concerns over the U.S. economic outlook.
👉Possible effects for traders
A weaker-than-expected Gross Domestic Product (GDP) report for Q1 showed that the U.S. economy had contracted by 0.3% instead of the expected 0.3% growth. The downturn was largely attributed to a more than 40% spike in imports, as businesses and consumers rushed to build inventories ahead. This happened due to anticipated tariff increases under Donald Trump's administration, highlighting the disruptive impact of ongoing trade tensions.
The ADP National Employment report also weighed on market sentiment. The data showed that private sector payrolls increased by just 62,000 in April, well below the estimates of 115,000. It marked the slowest pace of job creation since July 2024. The disappointing economic growth and soft labour market data have intensified fears of a potential recession. These concerns reinforce gold's role as a safe-haven asset, even as short-term price action remains volatile.
XAUUSD plunged by 1.63% during the Asian and early European trading sessions, hitting a low below $3,231. Today, the market will likely have to digest the announcement of the first tranche of deals that will reduce planned tariffs on some countries. In addition, U.S. macroeconomic reports may add extra volatility. Traders should focus on the Jobless Claims figures at 12:30 p.m. UTC and ISM Manufacturing Purchasing Managers' Index data at 2:00 p.m. UTC.
📲 More trading opportunities in our app
If the link doesn’t work, try a special one for your country:
🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH
Google Play
OctaBroker - Apps on Google Play
Trade online and manage all your assets with the OctaBroker.
USDCAD, 15-minute timeframe chart
👉General outlook
USDCAD 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 1.38178.
Set your stop loss at 1.38478 above the previous high ($2.17 loss for 0.01 lot) and take profit at 1.37877 ($2.17 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
USDCAD 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 1.38178.
Set your stop loss at 1.38478 above the previous high ($2.17 loss for 0.01 lot) and take profit at 1.37877 ($2.17 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
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Because it’s built for results.
✅ No hidden fees.
✅ Fast and reliable execution.
✅ AI pattern recognition with 84% accuracy.
✅ Real-time insights in Octa Space.
✅ Advanced tools inside a clean, intuitive platform.
🌍 Join millions of traders who trust Octa around the world.
Start trading smarter today with @octa_analytics
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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.
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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!
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Motivational infographics for your daily inspiration in trading
Some messages hit differently—especially when you are a trader. If you have ever doubted your journey, these signs will keep you on track. Swipe through for your daily trading inspiration!
Follow @octa_analytics for more motivation and market insights
Some messages hit differently—especially when you are a trader. If you have ever doubted your journey, these signs will keep you on track. Swipe through for your daily trading inspiration!
Follow @octa_analytics for more motivation and market insights
#economic_calendar
This event may affect the market on 2 May.
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This event may affect the market on 2 May.
🔥 Don't forget to get a 100% deposit bonus!
GBPUSD, 15-minute timeframe chart
👉General outlook
GBPUSD 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 1.32900.
Set your stop loss at 1.32600 below the previous low ($3.00 loss for 0.01 lot) and take profit at 1.33200 ($3.00 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
GBPUSD 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 1.32900.
Set your stop loss at 1.32600 below the previous low ($3.00 loss for 0.01 lot) and take profit at 1.33200 ($3.00 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