Daily Market Outlook, 29th of January, 2025

Daily Forex Market Technical Analysis Report

January 29, 2025 – Financial News Summary

Key Highlights

U.S. Dollar Strengthens Amid Tariff Concerns

The U.S. dollar appreciated as renewed tariff concerns emerged following President Trump’s threat to impose tariffs on Colombia over deportation flight disputes. Although Colombia agreed to accept the flights, the incident heightened market apprehension regarding potential trade tensions. The dollar index remained near a one-month low, with the Federal Reserve expected to maintain interest rates.

Australian Inflation Shows Remarkable Progress

Australia’s Consumer Price Index (CPI) for the fourth quarter rose by 2.4%, indicating significant progress in curbing inflation. Treasurer Jim Chalmers hailed this as “remarkable progress,” though he cautioned that cost-of-living pressures persist. The Australian dollar experienced a slight decline, trading at approximately US62.36c following the CPI data release.

Indian Central Bank Injects Liquidity

The Reserve Bank of India announced measures to inject liquidity into the banking system, including government bond purchases and USD/INR swaps, collectively expected to infuse 1.5 trillion rupees ($17.39 billion). Analysts interpret these actions as potential precursors to a rate cut in the upcoming policy review on February 7.

Global Equities React to Tech Sell-Off

Global markets faced a significant tech sell-off, primarily driven by a 13% plunge in Nvidia shares, erasing $465 billion in market value—the largest in U.S. market history. The downturn was attributed to the rising popularity of a new AI app from Chinese start-up DeepSeek, raising concerns about the future dominance of U.S. tech companies. Other major tech stocks, including Microsoft, Meta Platforms, and Alphabet, also experienced substantial declines.

Key Events to Watch (UTC+8)

January 30, 2025

  • 10:00 – Japan’s Industrial Production Data Release
  • 15:30 – U.K. Nationwide House Price Index
  • 21:30 – U.S. Gross Domestic Product (GDP) Q4 Preliminary Release
  • 23:00 – U.S. Federal Reserve Press Conference

This summary highlights the intersection of economic indicators, central bank decisions, and geopolitical developments shaping today’s markets. Stay tuned for updates as markets react to these pivotal events.


 

EUR/USD Technical and Fundamental Analysis

Technical Analysis

As of January 29, 2025, the EUR/USD pair is trading near the 1.0300 level, showing signs of a bearish trend.

Key Technical Levels to Monitor

  • Resistance Levels:

    • R1: 1.04760
    • R2: 1.04947
    • R3: 1.05249
  • Pivot Point (PP): 1.04458

  • Support Levels:

    • S1: 1.04156
    • S2: 1.03969
    • S3: 1.03667

The pair is currently trading below the 20-day Exponential Moving Average (EMA), which suggests ongoing selling pressure. A daily close above this level and sustained price action above R1 (1.04760) would indicate a potential bullish reversal. However, for now, any bullish attempts appear corrective within the broader downtrend.

Fibonacci Retracement Analysis

A recent price swing from 1.05249 (R3) to 1.03667 (S3) allows us to analyze key retracement levels:

  • 23.6% Retracement: 1.04065 – A break above this level could indicate minor bullish corrections.
  • 38.2% Retracement: 1.04319 – This level aligns closely with the Pivot Point (1.04458), making it a strong resistance zone.
  • 50.0% Retracement: 1.04458 (Pivot Point) – A significant level; a breakout above this could signal a shift in trend.
  • 61.8% Retracement: 1.04623 – If the price moves above this, bullish momentum could build toward R1 (1.04760).

Currently, EUR/USD is struggling to reclaim higher Fibonacci levels, confirming the downward pressure in the market. Traders should watch for rejections at 38.2% and 50.0% retracement zones, as these levels often act as strong resistance.

Fundamental Analysis

Several key factors are shaping the movement of the EUR/USD pair:

  1. Monetary Policy Divergence: The European Central Bank (ECB) is expected to cut interest rates further in 2025, while the U.S. Federal Reserve (Fed) has taken a cautious stance on rate cuts, keeping the dollar strong.

  2. Geopolitical Risks: Ongoing tensions in Eastern Europe and the Middle East have increased demand for the safe-haven U.S. dollar, adding further downward pressure on the euro.

  3. Economic Performance: The Eurozone’s economic slowdown, driven by high energy costs and inflation, has weakened investor confidence, while the U.S. economy remains resilient.

Outlook

Given the current technical and fundamental conditions, EUR/USD may remain bearish unless it successfully reclaims higher resistance levels. Traders should monitor Fibonacci retracement zones, central bank decisions, and geopolitical developments for further price action.

Disclaimer

This analysis is for educational purposes only. Forex trading is highly volatile and carries significant risks. Always use proper risk and money management strategies, as trading without them can result in substantial financial loss.


 

GBP/USD Technical and Fundamental Analysis

Technical Analysis

As of January 29, 2025, the GBP/USD pair is trading near the 1.2400 level, reflecting range-bound movement with slight bearish pressure.

Key Technical Levels to Monitor

  • Resistance Levels:

    • R1: 1.24851
    • R2: 1.25052
    • R3: 1.25377
  • Pivot Point (PP): 1.24526

  • Support Levels:

    • S1: 1.24201
    • S2: 1.24000
    • S3: 1.23675

The pair is hovering around the 50-day Moving Average, indicating neutral momentum. A sustained break above 1.24851 (R1) could trigger bullish momentum, while a break below 1.24000 (S2) may accelerate the downtrend.

Fibonacci Retracement Analysis

Using the recent swing high (1.25377 – R3) and swing low (1.23675 – S3), we identify critical retracement levels:

  • 23.6% Retracement: 1.24086 – A minor recovery level; a bounce here could signal weak bullish attempts.
  • 38.2% Retracement: 1.24388 – Close to Pivot Point (1.24526), making this a key resistance zone.
  • 50.0% Retracement: 1.24526 (Pivot Point) – A decisive level; a move above could suggest trend reversal.
  • 61.8% Retracement: 1.24663 – If GBP/USD moves past this level, it may gain bullish strength toward R1 (1.24851).

The price is currently testing key Fibonacci zones, and failure to break above 50% and 61.8% retracement suggests bears still have control.

Fundamental Analysis

Key factors influencing GBP/USD:

  1. Monetary Policy Divergence:

    • The Bank of England (BoE) has signaled potential rate cuts later in 2025 due to slowing inflation.
    • The Federal Reserve (Fed) remains cautious, keeping interest rates higher for longer, supporting the U.S. dollar.
  2. Economic Growth Concerns:

    • The UK economy has shown slower-than-expected growth, with consumer spending weakening.
    • The U.S. economy remains relatively resilient, giving the USD an upper hand.
  3. Brexit-Related Uncertainty:

    • Lingering trade negotiations and policy shifts post-Brexit continue to create volatility for GBP.

Outlook

GBP/USD remains range-bound but could turn bearish if it breaks below 1.2400 (S2). A move above 1.24851 (R1) would indicate a shift toward bullish sentiment. Traders should monitor BoE statements, U.S. economic data, and geopolitical developments.

Disclaimer

This analysis is for educational purposes only. Forex trading is highly volatile and carries significant risks. Always use proper risk and money management strategies, as trading without them can result in substantial financial loss.

 


USD/JPY Technical and Fundamental Analysis

Technical Analysis

As of January 29, 2025, the USD/JPY pair is trading near the 155.00 level, showing a strong bullish trend as the U.S. dollar continues to dominate against the Japanese yen.

Key Technical Levels to Monitor

  • Resistance Levels:

    • R1: 155.904
    • R2: 156.254
    • R3: 156.822
  • Pivot Point (PP): 155.336

  • Support Levels:

    • S1: 154.768
    • S2: 154.418
    • S3: 153.850

The pair remains above the 50-day and 200-day Moving Averages, confirming strong bullish momentum. However, profit-taking near resistance levels (R1 and R2) may lead to short-term pullbacks before further upside continuation. A break above 156.822 (R3) could trigger a stronger bullish rally, while a drop below 154.418 (S2) would indicate potential correction.

Fibonacci Retracement Analysis

Using the recent swing high (156.822 – R3) and swing low (153.850 – S3), we identify critical retracement levels:

  • 23.6% Retracement: 154.577 – A minor correction level; holding above this would confirm strong bullish momentum.
  • 38.2% Retracement: 155.048 – Close to Pivot Point (155.336), making it a key decision zone.
  • 50.0% Retracement: 155.336 (Pivot Point) – A break below this could indicate a potential short-term downtrend.
  • 61.8% Retracement: 155.624 – If USD/JPY holds above this, the bullish trend remains intact.

Currently, the price is hovering near the 38.2% and 50% Fibonacci levels, which suggests that bulls may attempt another push higher unless a strong reversal occurs.

Fundamental Analysis

Key factors influencing USD/JPY:

  1. Interest Rate Divergence:

    • The Bank of Japan (BoJ) has maintained ultra-loose monetary policy, keeping negative interest rates in place.
    • The U.S. Federal Reserve (Fed) has remained hawkish, keeping rates higher to fight inflation, boosting USD demand.
  2. Economic Growth and Inflation:

    • Japan’s economy has been struggling with low wage growth and weak consumer demand, limiting the yen’s strength.
    • The U.S. economy remains robust, supporting higher yields and strengthening the U.S. dollar.
  3. Geopolitical and Market Sentiment:

    • Safe-haven flows into JPY have been limited, as investors prefer the USD due to its higher yield.
    • BoJ’s potential policy shift later in 2025 may cause fluctuations in USD/JPY.

Outlook

USD/JPY remains bullish as long as the pair holds above 154.768 (S1). A break above 156.822 (R3) could accelerate further upside, while a move below 154.418 (S2) might signal the beginning of a correction. Traders should watch BoJ policy changes, U.S. economic data, and geopolitical risks for further market direction.

Disclaimer

This analysis is for educational purposes only. Forex trading is highly volatile and carries significant risks. Always use proper risk and money management strategies, as trading without them can result in substantial financial loss.

 


AUD/USD Technical and Fundamental Analysis

Technical Analysis

As of January 29, 2025, the AUD/USD pair is trading near the 0.6330 level, showing a neutral to bearish trend, with potential for a corrective rally in the near term.

Key Technical Levels to Monitor

  • Resistance Levels:

    • R1: 0.64358
    • R2: 0.64998
    • R3: 0.66034
  • Pivot Point (PP): 0.63322

  • Support Levels:

    • S1: 0.62286
    • S2: 0.61646
    • S3: 0.60610

The pair is currently trading near the pivot point (0.63322), which is acting as a critical support/resistance zone. A breakout above 0.64358 (R1) would suggest a shift to a bullish bias, while a break below 0.62286 (S1) could signal further downside.

Fibonacci Retracement Analysis

Using the recent swing high (0.66034 – R3) and swing low (0.60610 – S3), we identify the following key retracement levels:

  • 23.6% Retracement: 0.62298 – The price is currently near this level, which may act as a temporary support.
  • 38.2% Retracement: 0.62871 – A strong resistance level; if the price breaks above this, the bullish potential may increase.
  • 50.0% Retracement: 0.63322 (Pivot Point) – A critical level for determining the short-term trend; holding above this would favor the bulls.
  • 61.8% Retracement: 0.63902 – If AUD/USD can breach this level, it could signal an extended rally toward R1 (0.64358).

Currently, the price is testing the 38.2% retracement level, and a failure to break above this level may lead to a rejection and further downside toward S1 (0.62286).

Fundamental Analysis

Key factors influencing AUD/USD:

  1. Monetary Policy and Interest Rates:

    • The Reserve Bank of Australia (RBA) has been maintaining a neutral stance on interest rates in 2025 due to concerns over economic slowdown and low inflation in Australia.
    • In contrast, the U.S. Federal Reserve (Fed) remains hawkish, with higher rates supporting the U.S. dollar.
  2. Commodity Prices:

    • As a commodity-linked currency, the Australian dollar often moves in sync with the price of commodities such as iron ore, gold, and energy. Any downturn in global demand for these commodities could negatively impact AUD/USD.
  3. China’s Economic Health:

    • China’s growth plays a significant role in the Australian economy. A slower recovery in China could weigh on demand for Australian exports, thus hurting the AUD.
  4. U.S. Economic Resilience:

    • The U.S. economy continues to show resilience, with strong economic growth and higher interest rates, which gives the USD an advantage over the AUD.

Outlook

AUD/USD is neutral to bearish, with the potential for a rally toward 0.64358 (R1) if it breaks the immediate resistance levels. However, a failure to break above 38.2% retracement at 0.62871 could signal continued downside toward 0.62286 (S1) or 0.61646 (S2). Traders should monitor commodity prices, Chinese economic data, and U.S. Federal Reserve decisions for further direction.

Disclaimer

This analysis is for educational purposes only. Forex trading is highly volatile and carries significant risks. Always use proper risk and money management strategies, as trading without them can result in substantial financial loss.

 


Crude Oil Technical and Fundamental Analysis

Technical Analysis

As of January 29, 2025, Crude Oil (WTI) is trading near the 73.71 level, showing signs of range-bound movement with potential bullish momentum near key resistance levels.

Key Technical Levels to Monitor

  • Resistance Levels:

    • R1: 74.21
    • R2: 74.52
    • R3: 75.02
  • Pivot Point (PP): 73.71

  • Support Levels:

    • S1: 73.21
    • S2: 72.90
    • S3: 72.40

Crude oil is currently testing the pivot point (73.71), with a potential breakout above R1 (74.21) suggesting a bullish rally. A failure to break above R1 may lead to a retest of support levels at 73.21 (S1) and 72.90 (S2), potentially signaling a bearish correction.

Fibonacci Retracement Analysis

Using the recent swing high (75.02 – R3) and swing low (72.40 – S3), we identify key retracement levels:

  • 23.6% Retracement: 73.38 – The price is trading close to this level; if this holds, it could indicate a short-term reversal towards higher levels.
  • 38.2% Retracement: 73.76 – A key resistance level; breaking this could point to a continuation of the bullish momentum.
  • 50.0% Retracement: 73.90 – A crucial level for confirming bullish movement toward R1 (74.21).
  • 61.8% Retracement: 74.04 – If oil prices breach this level, it could signal a strong upward momentum toward R2 (74.52) and R3 (75.02).

At the moment, Crude Oil is testing Fibonacci resistance levels, and failure to break above the 38.2% retracement could result in a correction toward support levels.

Fundamental Analysis

Several factors influence the price of crude oil, including:

  1. Supply and Demand Dynamics:

    • Global demand for oil remains strong in key markets like China and the United States, providing upward pressure on prices.
    • Supply constraints, including OPEC+ production cuts and geopolitical risks in oil-producing regions, have contributed to price increases.
  2. OPEC+ Production Decisions:

    • The OPEC+ group, led by Saudi Arabia and Russia, has signaled that it may continue its production cuts to support prices throughout 2025. These supply restrictions are likely to continue supporting higher oil prices.
  3. Geopolitical Risks and Market Sentiment:

    • Geopolitical tensions in the Middle East or other oil-producing regions often cause supply disruptions, leading to higher prices. Investors also react to market sentiment, with fluctuations in risk appetite driving short-term oil price volatility.
  4. U.S. Dollar Strength:

    • Since crude oil is priced in USD, a stronger U.S. dollar can put downward pressure on oil prices. However, if the dollar weakens, it may help support higher oil prices.
  5. Global Economic Outlook:

    • A strong global economic recovery post-pandemic, particularly in emerging markets, can lead to higher demand for energy, pushing oil prices higher. Conversely, any signs of economic slowdown or recession concerns could weigh on oil prices.

Outlook

Crude oil prices are showing neutral to bullish momentum. A breakout above 74.21 (R1) would suggest a continuation towards 75.02 (R3), while a failure to sustain above 73.38 could lead to a correction back toward support levels. Traders should monitor geopolitical risks, OPEC decisions, and the broader economic climate for further direction.

Disclaimer

This analysis is for educational purposes only. Trading in crude oil involves high volatility and significant risks. Always use proper risk management and money management strategies, as trading without them can result in substantial financial loss.

 


XAU/USD (Gold) Technical and Fundamental Analysis

Technical Analysis

As of January 29, 2025, Gold (XAU/USD) is trading around 2754.30, showing signs of range-bound movement, but with potential bullish momentum if key resistance levels are breached.

Key Technical Levels to Monitor

  • Resistance Levels:

    • R1: 2765.87
    • R2: 2773.02
    • R3: 2784.59
  • Pivot Point (PP): 2754.30

  • Support Levels:

    • S1: 2742.73
    • S2: 2735.58
    • S3: 2724.01

Gold is currently hovering near the pivot point (2754.30), a crucial level that will determine its near-term direction. A breakout above 2765.87 (R1) could trigger further upside toward R2 (2773.02) and R3 (2784.59), while a failure to break above this zone may lead to a retest of support levels at S1 (2742.73) and S2 (2735.58).

Fibonacci Retracement Analysis

Using the recent swing high (2784.59 – R3) and swing low (2724.01 – S3), the key Fibonacci retracement levels are:

  • 23.6% Retracement: 2735.58 – Gold is currently trading near this level, with S2 acting as support. A bounce from here may lead to a rise toward R1 (2765.87).
  • 38.2% Retracement: 2742.73 – Close to S1, acting as a strong support level. A failure here could drive gold prices lower.
  • 50.0% Retracement: 2754.30 (Pivot Point) – A critical level to confirm the market direction; a break above could lead to a bullish rally toward R1 (2765.87).
  • 61.8% Retracement: 2765.87 – Key resistance, and breaking above this could signal further upside toward R2 (2773.02) and R3 (2784.59).

Currently, gold is testing key Fibonacci levels, and a failure to break above 2765.87 (R1) might lead to a rejection toward support levels at 2742.73 (S1) and 2735.58 (S2).

Fundamental Analysis

Key factors influencing the price of gold:

  1. Interest Rate Differentials:

    • U.S. Federal Reserve (Fed) continues to maintain higher interest rates to curb inflation. This strong USD tends to exert downward pressure on gold.
    • However, if Fed policies shift toward a more dovish stance in response to economic slowdown, gold could see upward momentum due to increased demand for safe-haven assets.
  2. Inflation and Geopolitical Risks:

    • Gold is often viewed as a hedge against inflation. If inflationary pressures remain elevated, investors may flock to gold as a safe haven.
    • Geopolitical tensions and economic instability around the world can drive capital flows into gold, which benefits its price.
  3. Market Sentiment and Safe-Haven Demand:

    • As a safe-haven asset, gold typically benefits during periods of global financial uncertainty. Rising geopolitical risks or concerns about economic recessions could trigger an increase in gold demand.
    • Conversely, strong equity markets and a strong U.S. dollar often limit demand for gold.
  4. U.S. Dollar Strength:

    • Gold prices generally have an inverse relationship with the U.S. dollar. A stronger dollar could put downward pressure on gold, while a weaker dollar could support gold prices.
  5. Global Economic Outlook:

    • If global economic growth slows down, gold could see upward momentum as investors seek safety. On the other hand, if the global economy improves significantly, gold may lose some of its appeal.

Outlook

Gold is currently in a neutral to slightly bullish posture, with key resistance levels at 2765.87 (R1) and 2784.59 (R3). A breakout above 2765.87 could open the door to further gains, while a failure at these levels may lead to a pullback toward support at 2742.73 (S1) and 2735.58 (S2). Traders should watch for any changes in U.S. monetary policy, global inflationary pressures, and geopolitical developments for potential price movements.

Disclaimer

This analysis is for educational purposes only. Trading in gold involves high volatility and significant risks. Always use proper risk management and money management strategies, as trading without them can result in substantial financial loss.

 


Dow Jones Technical and Fundamental Analysis

Technical Analysis

As of January 29, 2025, the Dow Jones Industrial Average (DJIA) is trading near 44782.33, showing bullish momentum with potential for further upside if key resistance levels are breached.

Key Technical Levels to Monitor

  • Resistance Levels:

    • R1: 44941.63
    • R2: 45040.04
    • R3: 45199.33
  • Pivot Point (PP): 44782.33

  • Support Levels:

    • S1: 44623.04
    • S2: 44524.63
    • S3: 44365.33

The pivot point (44782.33) is acting as a key level of support and resistance. A breakout above 44941.63 (R1) would confirm the bullish sentiment, pushing the index toward 45040.04 (R2) and 45199.33 (R3). A failure to maintain above the pivot could lead to a retest of support levels at 44623.04 (S1) or 44524.63 (S2).

Fibonacci Retracement Analysis

Using the recent swing high (45199.33 – R3) and swing low (44365.33 – S3), we identify the following key Fibonacci retracement levels:

  • 23.6% Retracement: 44665.50 – Currently, the price is testing the 23.6% level. A bounce here could lead to a rise toward R1 (44941.63).
  • 38.2% Retracement: 44782.10 – This level aligns closely with the pivot point and will act as a critical support if the price pulls back.
  • 50.0% Retracement: 44885.24 – If the price breaks above this level, it may continue its upward momentum toward R1 (44941.63) and beyond.
  • 61.8% Retracement: 44944.08 – If Dow Jones moves past this level, it could confirm strong bullish continuation toward R2 (45040.04) and R3 (45199.33).

The index is testing Fibonacci resistance around 44885.24, and failure to break above this zone could trigger a short-term pullback toward support levels.

Fundamental Analysis

Key factors influencing the Dow Jones:

  1. U.S. Economic Growth:

    • The U.S. economy continues to show resilience, with strong GDP growth and low unemployment, supporting bullish sentiment in the stock market.
    • Investors are optimistic about the economic recovery post-pandemic, despite concerns about inflation and interest rates.
  2. Monetary Policy and Interest Rates:

    • The Federal Reserve (Fed) is likely to keep interest rates higher to control inflation, providing strong support for the U.S. dollar and attractive returns for U.S. equities.
    • However, if the Fed signals a more dovish stance, it could further boost the Dow Jones.
  3. Corporate Earnings:

    • Strong corporate earnings reports from major U.S. companies continue to fuel investor optimism, supporting higher equity valuations.
    • Tech stocks, in particular, are contributing to the bullish trend in the Dow, although broader sectors are also showing positive growth.
  4. Global Geopolitical Risks:

    • Geopolitical risks, including trade tensions and potential conflicts, can cause short-term volatility in U.S. stocks. However, overall, strong economic fundamentals and domestic policies are driving the market higher.
  5. Market Sentiment and Investor Confidence:

    • Positive market sentiment and confidence in U.S. equities are contributing to the Dow Jones reaching new highs. If confidence remains strong, the index could continue to push higher, especially if any market corrections are short-lived.

Outlook

The Dow Jones is in a bullish trend, with a clear upside target if it breaks above R1 (44941.63). A break above 45040.04 (R2) and 45199.33 (R3) could signal further strength. However, if the price fails to maintain above the pivot point (44782.33), it may retreat toward support levels at 44623.04 (S1) or 44524.63 (S2).

Traders should keep an eye on economic data releases, Fed policy changes, and earnings reports for continued direction.

Disclaimer

This analysis is for educational purposes only. Trading in the stock market involves high volatility and significant risks. Always use proper risk management and money management strategies, as trading without them can result in substantial financial loss.

 

 


updated headlines with fundamental points for Euro, GBP, JPY, AUD, Crude Oil, Gold, and Dow Jones from January 29 to February 1, 2025:

  1. Euro (EUR/USD):
    “Euro Faces Headwinds Amid Economic Data and ECB Policy Outlook This Week”

    • The Eurozone economy remains fragile, with upcoming economic data releases potentially shaping the future direction of the Euro.
    • ECB policy remains key, as the central bank may continue its hawkish stance to combat inflation while navigating slower growth in key European economies.
    • Global risk sentiment and U.S. economic performance could also drive volatility for the Euro.
  2. GBP (GBP/USD):
    “GBP Under Pressure as UK Economic Data and BoE Policies Remain Key Focus”

    • The Bank of England (BoE) will likely maintain a cautious approach amid persistent inflationary pressures, with possible rate hikes or dovish signals affecting the Pound.
    • UK economic data, especially GDP growth and employment figures, will be crucial in determining the future outlook for the GBP.
    • Market attention will also be on the ongoing cost-of-living crisis in the UK, which could limit consumer spending and economic recovery.
  3. JPY (USD/JPY):
    “Yen Weighs on Market Sentiment Ahead of Key Economic Releases and BoJ Stance”

    • The Bank of Japan (BoJ) is expected to maintain its ultra-loose monetary policy, putting continued pressure on the Japanese Yen.
    • Japan’s inflation data and economic growth reports will be crucial to watch, with any signs of rising inflation potentially influencing the BoJ’s policy shift.
    • Global economic conditions and U.S. Dollar strength will also play a significant role in the USD/JPY movement.
  4. AUD (AUD/USD):
    “Australian Dollar Supported by Strong Commodity Exports Amid Global Economic Optimism”

    • The Australian Dollar continues to be supported by robust commodity exports (especially iron ore and coal) as global demand remains steady.
    • RBA policy decisions and global trade dynamics will shape the outlook for the AUD, especially as China’s economic performance plays a crucial role in Australian exports.
    • Any potential global economic slowdown or market risk aversion could weigh on the Australian Dollar.
  5. Crude Oil (WTI):
    “Crude Oil Prices Eye OPEC+ Decisions and Geopolitical Risks as Key Price Drivers”

    • OPEC+ production cuts will continue to influence oil prices, with market participants closely watching for any announcements on output targets.
    • Geopolitical tensions in key oil-producing regions (Middle East, Russia) could disrupt supply and lead to price spikes.
    • Global demand concerns amid potential recessions in major economies will remain a significant factor in crude oil price movements.
  6. Gold (XAU/USD):
    “Gold Struggles Amid Strong U.S. Dollar and Fed Policy, But Inflation Fears Persist”

    • Gold faces downward pressure from a strong U.S. Dollar and rising interest rates as the Federal Reserve continues to tighten monetary policy to combat inflation.
    • Inflation fears and the global economic outlook remain key drivers for gold’s performance as investors seek safe-haven assets in times of uncertainty.
    • Any signs of economic slowdown or further market volatility could increase demand for gold as a safe haven.
  7. Dow Jones:
    “Dow Jones Remains Bullish as Corporate Earnings and U.S. Economic Data Fuel Optimism”

    • Corporate earnings reports remain strong, with several key U.S. companies reporting solid profits, driving investor confidence in the stock market.
    • The U.S. economy continues to show resilience, with solid growth and low unemployment supporting the bullish sentiment in the Dow Jones.
    • Interest rate decisions and global geopolitical risks could cause volatility, but overall optimism about the U.S. economic recovery keeps the index on an upward trajectory.

These fundamental points offer insights into the key drivers that may impact each market between January 29 and February 1, 2025.

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Notice: The data presented is derived from technical analysis and does not constitute financial advice. For those trading in forex, consulting a qualified financial advisor prior to making investment decisions is strongly recommended.

Caution: The information above reflects ongoing technical analysis and should not be interpreted as financial advice. Forex trading involves high volatility, and without proper knowledge, you risk losing all your capital. It is essential to consult with a financial advisor before investing.

Advisory: The insights shared are the result of technical analysis and are not intended as financial advice. Forex traders should seek advice from professional financial advisors before making any investment decisions. Remember, the forex market is highly volatile, and trading without adequate knowledge can lead to significant losses.

Important: The analysis provided is for informational purposes only and should not be seen as financial advice. Forex trading carries substantial risks, and it is advisable to consult financial advisors before proceeding with any investments. This content is intended solely for Wealth Management Education purposes.