USDJPY, 30-minute timeframe chart
👉General outlook
USDJPY has been under buying pressure within the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Buy order at 143.390.
Set your stop loss at 142.900 below the previous low ($3.42 loss for 0.01 lot) and take profit at 143.880 ($3.42 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 under buying pressure within the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Buy order at 143.390.
Set your stop loss at 142.900 below the previous low ($3.42 loss for 0.01 lot) and take profit at 143.880 ($3.42 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 reaches highest levels since 2022
GBPUSD continues to make new highs and reached 1.35937 on Monday.
👉 Possible effects for traders
Market sentiment improved following U.S. President Donald Trump's decision to delay imposing 50% tariffs on EU goods until 9 July. The decision boosted global risk appetite and further supported the British pound. The pound was already in a bullish trend, bolstered by stronger-than-expected domestic data pointing to sustained consumer activity despite broader economic challenges.
U.K. retail sales climbed 1.2% in April, marking the fourth consecutive monthly gain and signalling continued consumer resilience in the face of tax increases and international trade uncertainty. However, elevated inflation remains a key concern, with the headline inflation holding firm at 3.5%, surpassing market forecasts. In response, interest rate expectations have shifted, with markets are now pricing in a 50% chance of a Bank of England (BoE) rate cut by August. Meanwhile, the likelihood of a second cut by year-end grows as policymakers navigate the balance between inflationary pressures and slowing growth momentum.
GBPUSD rose slightly during Asian and early European trading sessions. The pair will likely experience significant volatility today as Andrew Hauser, Executive Director of Markets at BoE, will give a speech at 11:00 a.m. UTC. He may provide clues on the future changes in U.K. monetary policy. In addition, the U.S. will release two important macroeconomic reports: Durable Goods Orders at 12:30 p.m. and CB Consumer Confidence at 2:00 p.m. UTC. Both reports will impact the U.S. dollar, but the labour market figures are the most important. If jobless claims exceed expectations, GBPUSD may move higher, possibly above 1.36000. Lower-than-expected results may extend the short-term downtrend in GBPUSD and push the pair below the critically important 1.35000 level.
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GBPUSD continues to make new highs and reached 1.35937 on Monday.
👉 Possible effects for traders
Market sentiment improved following U.S. President Donald Trump's decision to delay imposing 50% tariffs on EU goods until 9 July. The decision boosted global risk appetite and further supported the British pound. The pound was already in a bullish trend, bolstered by stronger-than-expected domestic data pointing to sustained consumer activity despite broader economic challenges.
U.K. retail sales climbed 1.2% in April, marking the fourth consecutive monthly gain and signalling continued consumer resilience in the face of tax increases and international trade uncertainty. However, elevated inflation remains a key concern, with the headline inflation holding firm at 3.5%, surpassing market forecasts. In response, interest rate expectations have shifted, with markets are now pricing in a 50% chance of a Bank of England (BoE) rate cut by August. Meanwhile, the likelihood of a second cut by year-end grows as policymakers navigate the balance between inflationary pressures and slowing growth momentum.
GBPUSD rose slightly during Asian and early European trading sessions. The pair will likely experience significant volatility today as Andrew Hauser, Executive Director of Markets at BoE, will give a speech at 11:00 a.m. UTC. He may provide clues on the future changes in U.K. monetary policy. In addition, the U.S. will release two important macroeconomic reports: Durable Goods Orders at 12:30 p.m. and CB Consumer Confidence at 2:00 p.m. UTC. Both reports will impact the U.S. dollar, but the labour market figures are the most important. If jobless claims exceed expectations, GBPUSD may move higher, possibly above 1.36000. Lower-than-expected results may extend the short-term downtrend in GBPUSD and push the pair below the critically important 1.35000 level.
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📊Euro—next global reserve currency?
The euro (EUR) gained 0.2% as investors remained cautious amid growing concerns over the U.S.'s comprehensive tax and spending bill and its impact on the nation's fiscal outlook. The proposed legislation could significantly widen the federal deficit, fuelling scepticism about the long-term sustainability of U.S. debt and dampening appetite for dollar-denominated assets.
👉 Possible effects for traders
This uncertainty has added to the broader erosion of confidence in U.S. financial instruments as markets assess the risks of increased borrowing against a backdrop of already elevated debt levels. With investors reassessing the relative attractiveness of U.S. assets, the U.S. dollar's (USD) recovery remains limited. Global markets are increasingly sensitive to fiscal developments and their implications for monetary policy and interest rates.
'In a way, all roads have led to a weaker USD', said Chris Weston, Head of Research at Pepperstone. 'Higher perceived U.S. deficits have raised concerns about increased future Treasury issuance, pushing up term premium and seeing people migrate away from the USD'. Meanwhile, European Central Bank President Christine Lagarde said on Monday that the euro could become a viable alternative to the U.S. dollar, the global reserve currency, if governments can strengthen the bloc's financial and security architecture. 'The ongoing changes create the opening for a 'global euro moment', Lagarde said at a lecture in Berlin. 'The euro will not gain influence by default—it will have to earn it'.
EURUSD remained relatively unchanged during Asian and early European trading sessions. Today, two U.S. macroeconomic reports will come out and may affect the market: Durable Goods Orders at 12:30 p.m. and CB Consumer Confidence at 2:00 p.m. UTC. Better-than-expected data could support the U.S. dollar, pulling the euro lower. In contrast, lower numbers may support the bullish momentum in EURUSD.
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The euro (EUR) gained 0.2% as investors remained cautious amid growing concerns over the U.S.'s comprehensive tax and spending bill and its impact on the nation's fiscal outlook. The proposed legislation could significantly widen the federal deficit, fuelling scepticism about the long-term sustainability of U.S. debt and dampening appetite for dollar-denominated assets.
👉 Possible effects for traders
This uncertainty has added to the broader erosion of confidence in U.S. financial instruments as markets assess the risks of increased borrowing against a backdrop of already elevated debt levels. With investors reassessing the relative attractiveness of U.S. assets, the U.S. dollar's (USD) recovery remains limited. Global markets are increasingly sensitive to fiscal developments and their implications for monetary policy and interest rates.
'In a way, all roads have led to a weaker USD', said Chris Weston, Head of Research at Pepperstone. 'Higher perceived U.S. deficits have raised concerns about increased future Treasury issuance, pushing up term premium and seeing people migrate away from the USD'. Meanwhile, European Central Bank President Christine Lagarde said on Monday that the euro could become a viable alternative to the U.S. dollar, the global reserve currency, if governments can strengthen the bloc's financial and security architecture. 'The ongoing changes create the opening for a 'global euro moment', Lagarde said at a lecture in Berlin. 'The euro will not gain influence by default—it will have to earn it'.
EURUSD remained relatively unchanged during Asian and early European trading sessions. Today, two U.S. macroeconomic reports will come out and may affect the market: Durable Goods Orders at 12:30 p.m. and CB Consumer Confidence at 2:00 p.m. UTC. Better-than-expected data could support the U.S. dollar, pulling the euro lower. In contrast, lower numbers may support the bullish momentum in EURUSD.
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📊Gold hovers near two-week high
The gold (XAU) price slightly fell by 0.46% on Monday, after The European Union has agreed to accelerate trade negotiations.
👉 Possible effects for traders
This decision follows U.S. President Donald Trump's threat to implement a 50% tariff on European imports, scheduled for 1 June. Now, the deadline has been postponed to 9 July to give both sides more time for dialogue. The EU's proactive stance underscores the high stakes of preserving transatlantic trade relations amid mounting protectionist rhetoric. Markets reacted cautiously to the development, highlighting investor concerns about disruptions to global trade and corporate earnings.
'At this point, we are seeing some consolidation in gold prices. The market is taking a breather and waiting for the next catalyst', said Kelvin Wong, Senior Market Analyst, Asia Pacific at OANDA. 'However, market participants are concerned about the widening of that U.S. budget deficit that is a supporting factor for gold prices and that is also driving a dollar weakness as well'.
XAUUSD remained relatively unchanged during Asian and early European trading sessions. Today, the main focus is on the U.S. macroeconomic reports: Durable Goods Orders at 12:30 p.m. and CB Consumer Confidence at 2:00 p.m. UTC. Stronger-than-expected figures could delay further rate cuts, potentially weighing on XAUUSD. Conversely, worse-than-expected results may weaken the greenback and drive the gold price higher. Key levels to watch for XAUUSD are support at $3,320 and resistance at $3,370.
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The gold (XAU) price slightly fell by 0.46% on Monday, after The European Union has agreed to accelerate trade negotiations.
👉 Possible effects for traders
This decision follows U.S. President Donald Trump's threat to implement a 50% tariff on European imports, scheduled for 1 June. Now, the deadline has been postponed to 9 July to give both sides more time for dialogue. The EU's proactive stance underscores the high stakes of preserving transatlantic trade relations amid mounting protectionist rhetoric. Markets reacted cautiously to the development, highlighting investor concerns about disruptions to global trade and corporate earnings.
'At this point, we are seeing some consolidation in gold prices. The market is taking a breather and waiting for the next catalyst', said Kelvin Wong, Senior Market Analyst, Asia Pacific at OANDA. 'However, market participants are concerned about the widening of that U.S. budget deficit that is a supporting factor for gold prices and that is also driving a dollar weakness as well'.
XAUUSD remained relatively unchanged during Asian and early European trading sessions. Today, the main focus is on the U.S. macroeconomic reports: Durable Goods Orders at 12:30 p.m. and CB Consumer Confidence at 2:00 p.m. UTC. Stronger-than-expected figures could delay further rate cuts, potentially weighing on XAUUSD. Conversely, worse-than-expected results may weaken the greenback and drive the gold price higher. Key levels to watch for XAUUSD are support at $3,320 and resistance at $3,370.
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USDCAD, 15-minute timeframe chart
👉General outlook
USDCAD has been trading in a sideways market within the last day.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1.37595.
Set your stop loss at 1.37914 above the previous high ($2.32 loss for 0.01 lot) and take profit at 1.37276 ($2.32 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 sideways market within the last day.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1.37595.
Set your stop loss at 1.37914 above the previous high ($2.32 loss for 0.01 lot) and take profit at 1.37276 ($2.32 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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These events will affect the market on 28 May.
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These events will affect the market on 28 May.
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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 194.530.
Set your stop loss at 194.030 below the previous low ($3.46 loss for 0.01 lot) and take profit at 195.030 ($3.46 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
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 194.530.
Set your stop loss at 194.030 below the previous low ($3.46 loss for 0.01 lot) and take profit at 195.030 ($3.46 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
📊 Australian dollar falls on dovish RBA stance
The Australian dollar (AUD) declined towards around 0.64300 on Wednesday, extending its downtrend despite April's Consumer Price Index (CPI) slightly exceeding expectations.
👉Possible effects for traders
The CPI data revealed inflation was at 2.4%, marginally higher than the forecasted 2.3%. Still, the data failed to support the Australian dollar, as market participants remained focused on the Reserve Bank of Australia's (RBA) dovish monetary stance.
The RBA's recent 25-basis-point (bps) rate cut and signals of further easing amid global headwinds—particularly from ongoing U.S.-China trade tensions—have weighed on sentiment. Policymakers have also pointed to subdued inflation and growth risks as justification for фт additional stimulus. Markets now price in a 65% probability of another rate cut in July, with expectations for a cumulative 75 basis points of easing by early 2026. At the same time, the U.S. dollar (USD) continued to strengthen, buoyed by improving economic indicators, further reducing demand for the Aussie.
During Asian and early European trading sessions, AUDUSD maintained upward momentum. Today, traders should observe the upcoming FOMC Meeting Minutes at 6:00 p.m. UTC as they may offer insights into the Fed's monetary policy outlook and affect the market. Key technical levels to watch are resistance at 0.64500 and support at 0.64000.
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The Australian dollar (AUD) declined towards around 0.64300 on Wednesday, extending its downtrend despite April's Consumer Price Index (CPI) slightly exceeding expectations.
👉Possible effects for traders
The CPI data revealed inflation was at 2.4%, marginally higher than the forecasted 2.3%. Still, the data failed to support the Australian dollar, as market participants remained focused on the Reserve Bank of Australia's (RBA) dovish monetary stance.
The RBA's recent 25-basis-point (bps) rate cut and signals of further easing amid global headwinds—particularly from ongoing U.S.-China trade tensions—have weighed on sentiment. Policymakers have also pointed to subdued inflation and growth risks as justification for фт additional stimulus. Markets now price in a 65% probability of another rate cut in July, with expectations for a cumulative 75 basis points of easing by early 2026. At the same time, the U.S. dollar (USD) continued to strengthen, buoyed by improving economic indicators, further reducing demand for the Aussie.
During Asian and early European trading sessions, AUDUSD maintained upward momentum. Today, traders should observe the upcoming FOMC Meeting Minutes at 6:00 p.m. UTC as they may offer insights into the Fed's monetary policy outlook and affect the market. Key technical levels to watch are resistance at 0.64500 and support at 0.64000.
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📊Euro extends losses
The euro (EUR) lost 0.52% on Wednesday, extending losses from the previous session.
👉Possible effects for traders
U.S. consumer confidence data came out stronger than expected. Consumer confidence rebounded in May, signalling improved consumer sentiment about the U.S. economic outlook. The data reinforced investor appetite for U.S. dollar-denominated assets, putting further downward pressure on the euro.
Market optimism following President Trump's decision to delay the implementation of 50% tariffs on EU imports added to the euro's weakness. This eased immediate concerns of a trade escalation, improving the investment outlook for U.S. assets. In anticipation of upcoming trade negotiations, European leaders have reportedly consulted with major firms to reassess their U.S. investment strategies. Meanwhile, Minneapolis Federal Reserve President Neel Kashkari reiterated his stance on holding interest rates steady until the inflationary impact of tariffs becomes clearer.
EURUSD remained relatively unchanged during Asian and early European trading sessions. Market participants await the publication of the U.S. FOMC Meeting Minutes at 6:00 p.m. UTC today, which may shed light on the U.S. monetary policy in 2025 and influence the Forex market.
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The euro (EUR) lost 0.52% on Wednesday, extending losses from the previous session.
👉Possible effects for traders
U.S. consumer confidence data came out stronger than expected. Consumer confidence rebounded in May, signalling improved consumer sentiment about the U.S. economic outlook. The data reinforced investor appetite for U.S. dollar-denominated assets, putting further downward pressure on the euro.
Market optimism following President Trump's decision to delay the implementation of 50% tariffs on EU imports added to the euro's weakness. This eased immediate concerns of a trade escalation, improving the investment outlook for U.S. assets. In anticipation of upcoming trade negotiations, European leaders have reportedly consulted with major firms to reassess their U.S. investment strategies. Meanwhile, Minneapolis Federal Reserve President Neel Kashkari reiterated his stance on holding interest rates steady until the inflationary impact of tariffs becomes clearer.
EURUSD remained relatively unchanged during Asian and early European trading sessions. Market participants await the publication of the U.S. FOMC Meeting Minutes at 6:00 p.m. UTC today, which may shed light on the U.S. monetary policy in 2025 and influence the Forex market.
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📊Gold drops after upbeat U.S. consumer confidence data
The gold (XAU) price fell sharply by 1.24% on Tuesday after the better-than-expected U.S. consumer confidence data.
👉Possible effects for traders
U.S. consumer confidence rebounded in May, rising sharply from near five-year lows, reflecting renewed optimism about the U.S. economy and labour market conditions. This surge suggests that U.S. consumers feel more secure in their financial outlook, potentially supporting continued consumer spending—a key driver of gross domestic product growth.
At the same time, U.S. President Donald Trump's decision to postpone the imposition of tariffs on EU imports supported market sentiment. This move was seen as a constructive step towards de-escalating trade tensions and allowing additional negotiation time. Also, Minneapolis Federal Reserve President Neel Kashkari emphasised the need for a cautious monetary policy stance. He supported holding interest rates steady until the inflationary impact of existing tariffs becomes clearer.
During the Asian trading session, XAUUSD continued to decline. Today, gold will likely pause its decline after yesterday's significant drop. Still, FOMC Meeting Minutes, due at 6:00 p.m. UTC, may add volatility to the market. Analysts anticipate a range-bound movement for the day, with XAUUSD potentially testing the support level at $3,285 before establishing its next direction. Key levels to watch for XAUUSD are support at $3,285 and resistance at $3,320.
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The gold (XAU) price fell sharply by 1.24% on Tuesday after the better-than-expected U.S. consumer confidence data.
👉Possible effects for traders
U.S. consumer confidence rebounded in May, rising sharply from near five-year lows, reflecting renewed optimism about the U.S. economy and labour market conditions. This surge suggests that U.S. consumers feel more secure in their financial outlook, potentially supporting continued consumer spending—a key driver of gross domestic product growth.
At the same time, U.S. President Donald Trump's decision to postpone the imposition of tariffs on EU imports supported market sentiment. This move was seen as a constructive step towards de-escalating trade tensions and allowing additional negotiation time. Also, Minneapolis Federal Reserve President Neel Kashkari emphasised the need for a cautious monetary policy stance. He supported holding interest rates steady until the inflationary impact of existing tariffs becomes clearer.
During the Asian trading session, XAUUSD continued to decline. Today, gold will likely pause its decline after yesterday's significant drop. Still, FOMC Meeting Minutes, due at 6:00 p.m. UTC, may add volatility to the market. Analysts anticipate a range-bound movement for the day, with XAUUSD potentially testing the support level at $3,285 before establishing its next direction. Key levels to watch for XAUUSD are support at $3,285 and resistance at $3,320.
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XAUUSD, 15-minute timeframe chart
👉Level explanation
XAUUSD has been trading in a bullish trend for the last couple of hours. Now, the price displays a bearish Hammer pattern.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 3,319.00.
Set your stop loss at 3,338.00 above the previous high ($19.00 loss for 0.01 lot) and take profit at 3,300.00 ($19.00 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
👉Level explanation
XAUUSD has been trading in a bullish trend for the last couple of hours. Now, the price displays a bearish Hammer pattern.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 3,319.00.
Set your stop loss at 3,338.00 above the previous high ($19.00 loss for 0.01 lot) and take profit at 3,300.00 ($19.00 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
EURUSD, 1-hour timeframe chart
👉General outlook
EURUSD has been trading in a sideways market within the last day.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1.13170.
Set your stop loss at 1.13746 above the previous high ($5.76 loss for 0.01 lot) and take profit at 1.12594 ($5.76 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
EURUSD has been trading in a sideways market within the last day.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1.13170.
Set your stop loss at 1.13746 above the previous high ($5.76 loss for 0.01 lot) and take profit at 1.12594 ($5.76 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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#economic_calendar
These events will affect the market on 29 May.
🔥 Don't forget to get a 100% deposit bonus!
These events will affect the market on 29 May.
🔥 Don't forget to get a 100% deposit bonus!
EURUSD, 30-minute timeframe chart
👉General outlook
EURUSD has been under buying pressure within the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1.12400.
Set your stop loss at 1.12612 above the previous high ($2.12 loss for 0.01 lot) and take profit at 1.12188 ($2.12 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
EURUSD has been under buying pressure within the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1.12400.
Set your stop loss at 1.12612 above the previous high ($2.12 loss for 0.01 lot) and take profit at 1.12188 ($2.12 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
📊Weakening safe-haven demand weighs on JPY
USDJPY rose for a third consecutive session on Wednesday, gaining 0.3%.
👉Possible effects for traders
The weakening safe-haven demand amid easing concerns over tariff-related risks contributed to a broader risk-on sentiment across global markets. This shift pressured the Japanese yen (JPY), which typically strengthens during periods of geopolitical or economic unease.
Meanwhile, Bank of Japan (BoJ) Governor Kazuo Ueda voiced concern over the recent rise in ultra-long-term Japanese government bond yields. He highlighted the importance of monitoring potential spillover into shorter-dated debt. His remarks underscore the BoJ's increasing vigilance over financial stability risks as global interest rate dynamics evolve. While Ueda reiterated the central bank’s commitment to reach the inflation target, his remarks signal a readiness to adjust policy if yield volatility begins to threaten market or economic stability.
The Japanese yen weakened towards 146.000—a two-week low—during Asian and early European trading sessions. Today's U.S. Jobless Claims data, due at 12:30 p.m. UTC, may trigger some volatility. For USDJPY, key levels to watch are resistance at 146.300 and support at 145.000.
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USDJPY rose for a third consecutive session on Wednesday, gaining 0.3%.
👉Possible effects for traders
The weakening safe-haven demand amid easing concerns over tariff-related risks contributed to a broader risk-on sentiment across global markets. This shift pressured the Japanese yen (JPY), which typically strengthens during periods of geopolitical or economic unease.
Meanwhile, Bank of Japan (BoJ) Governor Kazuo Ueda voiced concern over the recent rise in ultra-long-term Japanese government bond yields. He highlighted the importance of monitoring potential spillover into shorter-dated debt. His remarks underscore the BoJ's increasing vigilance over financial stability risks as global interest rate dynamics evolve. While Ueda reiterated the central bank’s commitment to reach the inflation target, his remarks signal a readiness to adjust policy if yield volatility begins to threaten market or economic stability.
The Japanese yen weakened towards 146.000—a two-week low—during Asian and early European trading sessions. Today's U.S. Jobless Claims data, due at 12:30 p.m. UTC, may trigger some volatility. For USDJPY, key levels to watch are resistance at 146.300 and support at 145.000.
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