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#economic_calendar

This event may affect the market on 2 May.

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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

📊 Bitcoin is hitting highs again

Strong institutional inflows and supportive regulatory actions are largely driving the recent surge in Bitcoin (BTC) price. The launch of several spot Bitcoin exchange-traded funds (ETFs) catalysed broader institutional adoption, pushing total assets under management in these products beyond $250 billion.

👉 Possible effects for traders

Meanwhile, MicroStrategy—now operating under the name Strategy—reported its fifth consecutive quarterly loss, primarily due to a $5.91 billion unrealised loss on its Bitcoin holdings. Nevertheless, the firm remains committed to its Bitcoin strategy, announcing a $21 billion equity raise to finance further purchases. 'A key change under fair value accounting is that our Bitcoin holdings are now marked only on the final day of each quarter, not continuously', noted CFO Andrew Kang during the earnings call.

BTCUSD declined slightly during the Asian and early European trading sessions. Today, the market awaits the U.S. nonfarm payroll data at 12:30 p.m. UTC. Analysts forecast that 228,000 jobs were added in April. A higher-than-expected figure may trigger a bearish correction in Bitcoin, while softer data may support the bullish trend in BTCUSD.

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📊 EURUSD continues declining

On Thursday, the euro (EUR) lost 0.34% against the U.S. dollar (USD).

👉 Possible effects for traders

The European Central Bank (ECB) signalled potential further rate cuts. The regulator suggested a reduction towards 1.5% by the end of 2025 due to subdued growth and inflationary pressures. Additionally, new U.S. tariffs, including a 25% duty on cars, steel, and aluminium, pose challenges for eurozone exports, potentially dampening future economic growth.

'The U.S. dollar was hit so badly in the immediate aftermath of the tariffs, so now, in the broad picture, there's a normalisation in the market', said Alvin Tan, an independent currency analyst based in Singapore. 'The market is keeping one eye on the economic situation, but the other eye is looking for positive developments in China'.

EURUSD rose slightly during the Asian and early European trading sessions. Today, traders should focus on two reports: the eurozone's Inflation Rate at 9:00 a.m. UTC and the U.S. nonfarm payroll at 12:30 p.m. UTC. The data may affect interest rate expectations and investor sentiment, increasing volatility in the Forex market, including EURUSD. Higher-than-expected results will likely drag EURUSD towards 1.12000. Otherwise, the pair will likely rise towards 1.14000.

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📊 Gold continues declining after reaching record highs

The gold (XAU) price fell by 1.51% on Thursday, even though the recent data showed that the U.S. economy contracted in Q1. Meanwhile, the Personal Consumption Expenditures (PCE) Price Index remained flat in March.

👉 Possible effects for traders

Gold hit a two-week low of around $3,224 as the U.S. dollar strengthened, particularly due to signals of a possible easing in trade relations between the U.S. and China. Still, gold remains in focus for investors as a safe-haven asset amid ongoing concerns about the global economic slowdown and financial market instability.

XAUUSD rose by 0.44% during the Asian and early European trading sessions, rebounding from the $3,231 support level. Today, traders should focus on the nonfarm payroll report at 12:30 p.m. UTC. Higher-than-expected data may deepen bearish momentum in precious metals, while lower figures may support gold.

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‼️ Join Octa Analytics VIP

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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.

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#webinars_schedule #education

💫 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.

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🇮🇩 6/05, 7 p.m. WIB – [INDONESIAN] – Live trading session with Vito Henjoto
🇬🇧 7/05, 6 p.m. WAT – ENGLISH – Live trading session with Ambrose Ebuka
🇲🇾 8/05, 9 p.m. MYT – MALAY – Live trading session with Cikgu Danie
🇬🇧 8/05, 12 p.m. UTC – ENGLISH – Webinar 'News trading. Theory and practice' with Vito Henjoto

#weekly_outlook

🔎 Keeping up-to-date with the market helps you make better trading decisions

Here’s a Weekly Market Outlook for 5 – 9 May from Vito Henjoto.

Stay informed and trade wisely.

USDJPY, 15-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 Buy order at 144.230.

Set your stop loss at 143.690 below the previous low ($3.74 loss for 0.01 lot) and take profit at 144.770 ($3.74 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

📊 Traders are buying dips in GBPUSD

The British pound (GBP) failed to update the weekly low of 1.32594 in the trading session on Friday.

👉 Possible effects for traders

The key event for GBP this week is the Bank of England's meeting on Thursday. A widely anticipated 25-basis-point (bps) rate is expected at the meeting, with the base rate declining towards 4.25%. The decision may be accompanied by signals of a more aggressive easing monetary policy path.

'The reaction in U.K. gilts and GBP will come from the guidance and whether the door is sufficiently opened for a back-to-back cut at the June meeting and whether there is the appetite expressed in the statement to ease the bank rate to 3.5% by December', said Chris Weston, head of research at Pepperstone.

GBPUSD was rising slightly during the Asian and early European trading sessions. With today's relatively quiet economic calendar and the highly anticipated U.S. CPI report coming soon, market participants will likely be cautious, keeping volatility subdued. However, GBP traders should prepare for the U.K. Claimant Count report on Tuesday, U.K. and U.S. Inflation reports on Wednesday, and U.K. Retail Sales data on Friday. The key levels to watch are support at 1.32600 and resistance at 1.33500.

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