RBFX Support

USDJPY: the pair found support at 151.00 The USDJPY rate is consolidating in the price area around 152.00, with the market focus on the Fed chairman’s speech before the US Senate today. Find out more in our analysis for 11 February 2025. USDJPY forecast: key trading points Market focus: Federal Reserve Chairman Jerome Powell’s speech before the US Senate Current trend: the downtrend USDJPY forecast for 11 February 2025: 151.00 and 152.50 Fundamental analysis The Japanese yen has been gradually strengthening its position at the beginning of the year. Bank of Japan’s Board member Naoki Tamura said recently that the BoJ should raise the benchmark interest rate to at least 1% in the second half of 2025. This view was supported by the recent data on wages and household spending in Japan, which showed a stronger-than-expected increase, bolstering expectations of a BoJ rate hike. Investors are currently awaiting the release of Japan’s GDP and inflation statistics next week to assess the future outlook for the BoJ monetary policy. Today, the market will focus on Federal Reserve Chairman Jerome Powell’s speech before the US Senate, in which he could announce the regulator’s further plans. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Brent attempts to rise: oil benefits from lower supply Brent prices rose to 76.25 USD. The news flow is attracting attention. Find out more in our analysis for 11 February 2025. Brent technical analysis The Brent H4 chart shows a scenario, where prices could climb to 77.03. This will become possible if the market consolidates above 76.10. If corrective trends are stronger, significant support levels are at 75.29 and 74.62 USD. Brent prices maintain their upward momentum on Tuesday after rising by 1.6% on Monday. Read more - Brent Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

EURUSD: the pair declines after the US labour market statistics The EURUSD rate edged down to 1.0300 following Friday’s release of mixed US employment data. Discover more in our analysis for 10 February 2025. EURUSD forecast: key trading points Market focus: ECB President Christine Lagarde will deliver a speech today Current trend: the downtrend EURUSD forecast for 10 February 2025: 1.0200 and 1.0350 Fundamental analysis The US labour market statistics for January became available last Friday, including Nonfarm Payrolls and the unemployment rate. The Nonfarm Payrolls data came in slightly worse than expected at 143 thousand jobs, below the forecast of 170 thousand. Conversely, the unemployment rate data exceeded expectations, showing a decline to 4.0% (previously at 4.1%). The EURUSD pair reacted to the US data release with a moderate decline, falling to the price area around 1.0300. Today, market participants will focus on ECB President Christine Lagarde’s speech, which could shed light on the outlook for the regulator’s monetary policy. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Gold (XAUUSD) may set another record: the target is 2,900 USD Gold (XAUUSD) quotes rose to 2,878 USD on Monday as the world needs safe-haven assets. Find out more in our analysis for 10 February 2025. XAUUSD technical analysis On the H4 chart, XAUUSD has grounds for maintaining its upward momentum, with the target at 2,887 USD. To achieve 2,900 USD, the market should consolidate above 2,890 USD. If this does not happen, the market interest will shift to selling, with the target at the 2,830 USD support level. Gold (XAUUSD) prices are rising rapidly, bolstered by interest in safe-haven assets and the growing risk of global trade implications due to the US stance. Read more - Gold Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

AUDUSD: the pair rises moderately ahead of Nonfarm Payrolls data The AUDUSD rate is gradually strengthening this week, rising to the price area around 0.6300. The market will focus on the US employment statistics today. Discover more in our analysis for 7 February 2025. AUDUSD technical analysis On the H4 chart, the AUDUSD pair is undergoing an upward correction after finding support from buyers at 0.6100 this week. The price is now consolidating near a strong resistance area between 0.6300 and 0.6330. The US labour market data could drive further price movements. The AUDUSD pair is undergoing an upward correction, rising to 0.6300. Read more - AUDUSD Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Gold (XAUUSD) rises ahead of crucial US labour market data XAUUSD prices are rising after rebounding from the support level, with the quotes currently at 2,863 USD. Find more details in our analysis for 7 February 2025. XAUUSD forecast: key trading points XAUUSD quotes are rising for the sixth consecutive week amid increased demand for Gold Increased buying is driven by concerns caused by trade uncertainty and the release of the US employment report XAUUSD forecast for 7 February 2025: 2,885 and 2,915 Fundamental analysis XAUUSD quotes have been rising for the sixth consecutive week as demand for Gold has increased amid the current trade uncertainty. Investors are actively buying up the precious metal ahead of the crucial US employment report. According to traders, Gold remains in a strong uptrend, with analysts revising their forecasts upwards, expecting sustainable growth amid US political hyperactivity and massive hedging by global central banks and investors. Markets are now focused on the US employment data, which may provide insight into the outlook for the Federal Reserve’s monetary policy. An economy with full employment, steady growth, and easing inflation will allow the Fed to continue its rate-cutting cycle. Markets expect the regulator to lower the rate by another 100 basis points in the process. This will inevitably lead to a decline in US Treasury bond yields and a cheaper cost of owning Gold. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

USDJPY is under pressure amid expectations of a BoJ rate hike The USDJPY rate is declining for the fourth consecutive trading session, with the price currently at 152.44. Discover more in our analysis for 6 February 2025. USDJPY forecast: key trading points Expectations of another Bank of Japan interest rate hike are rising Data showed Tokyo wages rose by 0.6% in December Japan’s nominal wages reached the highest level in nearly 30 years USDJPY forecast for 6 February 2025: 150.75 and 149.40 Fundamental analysis The USDJPY rate fell to an eight-week low amid expectations of another Bank of Japan interest rate hike. Minister of Finance Katsunobu Kato said that inflation could rise further, increasing the likelihood of monetary policy tightening and driving the current decline in the currency pair. Additionally, the latest data showed strong wage growth, with Tokyo’s figures rising for the second consecutive month, up 0.6% in December, while analysts expected a 0.7% decline. Nominal wage growth hit the highest level in nearly 30 years, adding to inflationary pressures. These factors strengthen expectations that the Bank of Japan will continue to raise interest rates in 2025. The increasing contrast with the Federal Reserve’s forecasts of two rate cuts before the end of the year may support the yen’s strength as part of today’s USDJPY forecast. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

EURUSD halted growth: it can only be a pause The EURUSD pair is consolidating around 1.0390. Investors need strength ahead of new US labour sector releases. Find more details in our analysis for 6 February 2025. EURUSD technical analysis On the H4 chart, the EURUSD pair could test 1.0371 and then 1.0351 as part of a corrective decline. If the price fails to break below both support levels, the market could resume buying, with the target at 1.0440. The EURUSD pair has been rising since the beginning of the week but halted its growth on Thursday. Read more - EURUSD Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

USDJPY: the pair declines ahead of the US ADP employment data The USDJPY rate fell below 154.00 on Wednesday amid rising wages in Japan. Today, the market will focus on the US ADP employment statistics. Find out more in our analysis for 5 February 2025. USDJPY technical analysis On the H4 chart, the USDJPY pair is undergoing a downward correction after the previous growth. The pair is trading in a descending price channel, with the price approaching its lower boundary. The key support level is currently at 152.50. The USDJPY rate plunged to the area around 153.00, driven by Japan’s positive economic statistics. Read more - USDJPY Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Gold (XAUUSD) continues to soar to new price highs The increase in US nonfarm employment does not strengthen the US dollar significantly, with Gold prices continuing their ascent to 2,880 USD. Discover more in our XAUUSD analysis for today, 5 February 2025. XAUUSD forecast: key trading points The US ADP nonfarm employment change: previously at 122 thousand, projected at 148 thousand The US services PMI: previously at 56.8, projected at 52.8 Current trend: moving upwards XAUUSD forecast for 5 February 2025: 2,830 and 2,880 Fundamental analysis The XAUUSD forecast for 5 February 2025 shows that XAUUSD prices have broken above the 2,850 USD level, with the pair likely to continue its upward momentum. The US nonfarm employment change is a national employment report from ADP, which tracks changes in nonfarm jobs based on data from about 400 thousand business sources. The report is published two days before official US employment data. The reading is currently projected at 148 thousand. If the actual data aligns with expectations, the market may see increased volatility. Conversely, worse-than-forecast data may weaken the USD against Gold. The US services PMI is expected to decline to 52.8. A stronger-than-expected PMI reading will provide some support to the US dollar. The XAUUSD price forecast appears rather optimistic as the quotes have the potential to reach 2,880 USD. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

EURUSD: the pair is recovering after the fall The EURUSD rate returned to 1.0350 as part of a correction after declining at the market opening on Monday. This week, market participants are awaiting US labour market statistics. Find out more in our analysis for 4 February 2025. EURUSD forecast: key trading points Market focus: market participants are awaiting US labour market statistics this week, including ADP data, nonfarm payrolls, and the unemployment rate Current trend: a downtrend EURUSD forecast for 4 February 2025: 1.0350 and 1.0200 Fundamental analysis The EURUSD pair recovered slightly after the fall caused by the introduction of US restrictive tariffs against Canada, Mexico, and China. Investors are concerned about the continuation of trade wars, which may also affect the eurozone. US President Donald Trump earlier promised to consider imposing tariffs on European goods. This week, the market will focus on US employment statistics, with ADP data, nonfarm payrolls, and the unemployment rate scheduled for release. Stronger-than-expected data will support the US dollar, potentially pushing the EURUSD pair lower. Conversely, weaker data could drive growth in the euro. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Gold (XAUUSD) rises again: new highs are likely Gold (XAUUSD) prices rose to 2,822 USD, with global demand for safe-haven assets increasing. Find out more in our analysis for 4 February 2025. XAUUSD technical analysis On the H4 chart, XAUUSD quotes are highly likely to rise to 2,830 USD. A breakout above this level will pave the way to the 2,845 and 2,865 USD levels. If the market sentiment changes, a correction could push prices to a significant support level at 2,764 USD, which may restrain selling pressures. Gold (XAUUSD) prices are rising, with the rally likely to continue. Read more - Gold Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

USDJPY rises: the US dollar is in demand due to higher risks The USDJPY pair rose to 155.50 at the beginning of the week. The US imposed trade tariffs on its major partners. Find out more in our analysis for 3 February 2025. USDJPY technical analysis On the H4 chart, the USDJPY pair is gaining local upward momentum to the first crucial target of 155.91. If buyers find a foothold above this level, the next upside target will be 156.38, with the subsequent crucial target at 156.74. The USDJPY pair is rising rapidly on Monday. The market is massively risk-averse as the US launched a new round of trade wars. Read more - USDJPY Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

USDCAD: the pair opened the week with an upward gap The USDCAD rate soared to 1.4800 on Monday due to tariffs imposed by the US on goods from Canada and other countries over the weekend. Discover more in our analysis for 3 February 2025. USDCAD forecast: key trading points The US imposed 25% tariffs on Canadian goods Current trend: a strong uptrend USDCAD forecast for 3 February 2025: 1.4700 and 1.4900 Fundamental analysis The Canadian dollar plunged sharply on Monday after US President Donald Trump introduced new tariffs on major trading partners last weekend. The US imposed 25% tariffs on goods from Mexico and Canada and 10% tariffs on imports from China. In response, Canada announced retaliatory tariffs, and Mexico signalled that it would consider introducing its own duties on US goods. China, in turn, said it intended to file a WTO case. Investors reacted negatively to growing trade tensions, with the US dollar rising and global stock index futures declining. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Brent prices are falling: external pressure is too great Brent prices plunged to 76.55 USD, with US oil inventories increasing again. Find out more in our analysis for 30 January 2025. Brent technical analysis Prerequisites for the extension of the selling wave to 74.62 are forming on the Brent H4 chart. After testing this level, the market may turn to 75.30, but additional conditions are needed to move to a more ambitious target of 78.64. Brent prices are falling, without halting this movement yet. Read more - Brent Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Gold (XAUUSD) continues to strengthen Rising US jobless claims and a potential decline in GDP open the potential for XAUUSD growth to 2,790 USD. More details in our XAUUSD analysis for today, 30 January 2025. XAUUSD forecast: key trading point US Q4 GDP: previously at 3.1%, projected at 2.7% US initial jobless claims: previously at 223 thousand, projected at 224 thousand Current trend: moving upwards XAUUSD forecast for 30 January 2025: 2,790 and 2,740 Fundamental analysis The XAUUSD forecast for 30 January 2025 shows that XAUUSD prices are consolidating around 2,761 USD, and the pair could continue to form a growth wave in the future. Today, the US will release Q4 GDP data, which is projected to decrease to 2.7%, down from the previous reading. Given that GDP is the aggregate value of all goods and services produced in a country, calculated only for end products, excluding the costs of raw materials, its decline may indicate an economic downturn. US initial jobless claims represent the number of people who claimed unemployment benefits for the first time during the previous week. This indicator measures the labour market climate, with an increase in initial jobless claims indicating rising unemployment. The previous reading was 223 thousand, and the forecast for 30 January 2024 appears rather optimistic, suggesting an increase in jobless claims to 224 thousand. This is a minor change, and the release of data that aligns with expectations will not have a significant impact on XAUUSD quotes. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Gold (XAUUSD) rises, driven by demand for safe-haven assets, with a key Fed decision ahead XAUUSD rises to 2,765 USD on Wednesday, with demand for safe-haven assets increasing due to tariff uncertainty. More details in our analysis for 29 January 2025. XAUUSD technical analysis On the XAUUSD H4 chart, a sideways trading range is forming, with boundaries at 2,740-2,766 USD. An upward breakout will open the potential for growth to the previous high of 2,791 USD. With a breakout below the channel, the first selling target will be 2,724 USD. Gold (XAUUSD) prices rose slightly, driven by demand for safe-haven assets, but there are questions about further growth. Read more - Gold Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

USDJPY: yen’s attempts to strengthen failed Amid the release of the Bank of Japan meeting minutes and the US Federal Reserve rate decision, the USDJPY pair may continue to rise to the 156.00 resistance level. Discover more in our analysis for 29 January 2025. USDJPY forecast: key trading points Minutes of the Bank of Japan monetary policy meeting The US Federal Reserve interest rate decision USDJPY forecast for 29 January 2025: 156.00 and 154.20 Fundamental analysis Fundamental analysis for 29 January 2025 takes into account that the BoJ released the minutes of its December 2024 monetary policy meeting today. During the discussions, Board members focused on assessing the economy’s neutral interest rate to determine the timing of future rate hikes. One of the meeting attendees noted that the current rate is well below the neutral level and needs to be timely raised. Another one expressed doubts about the use of data from Japan’s long-term deflation period to assess the timing of future rate hikes. Despite keeping the interest rate unchanged in December due to uncertainty about the US economic policy and wage dynamics, the BoJ raised the rate already in January, which significantly impacted the USDJPY rate. Market participants continue to monitor the Bank of Japan's neutral rate estimates, which, according to analysts, ranges between 1% and 2.5% although many believe it is closer to 1%. The USDJPY forecast takes into account that the US Federal Reserve will decide to change the interest rate today. At this stage, analytical agencies are inclined to believe that the interest rate may remain unchanged at 4.5%, and if the actual reading turns out to be different, this will increase volatility in the market. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

EURUSD: the euro may lose ground again after a correction The ECB President’s speech may impact the current EURUSD forecast and push the price down to 1.0330. Discover more in our analysis for 28 January 2025. EURUSD technical analysis Having tested the upper Bollinger band, the EURUSD price has formed a Stick Sandwich reversal pattern on the H4 chart. At this stage, it continues to develop a downward wave following the signal received. The price will likely decline further to the nearest support level at 1.0330 as it remains within a descending channel. A breakout below this level will open the potential for a more substantial downtrend. Together with the EURUSD technical analysis, US fundamental data and the ECB president’s speech suggest a decline to 1.0330. Read more - EURUSD Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Brent declined to the 76.00 USD support level Brent quotes continue to decline within a downward correction, with the asset finding support from buyers in the 75.60-76.00 USD area yesterday. More details in our Brent analysis for today, 28 January 2025. Brent forecast: key trading points Current trend: a downward correction continues The US oil inventories statistics from the American Petroleum Institute (API) will be released today Brent forecast for 28 January 2025: 75.60 and 77.00 Fundamental analysis Brent prices declined to a two-week low within the current downward correction. Oil prices are under pressure from concerns about falling demand from China, the world’s largest oil importer, and the tough economic policy of Donald Trump, who calls on OPEC to cut oil prices. The US API oil inventories statistics will be published today, with the Energy Information Administration (EIA) data scheduled for release tomorrow. A decrease in oil reserves may support Brent quotes, while growth will push the asset prices lower. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

USDCAD: the Canadian dollar loses ground against the USD again Lower wholesale sales in Canada and positive US fundamental data may propel the USDCAD pair further to 1.4440. More details in our analysis for 27 January 2025. USDCAD technical analysis On the H4 chat, the USDCAD price formed an Inverted Hammer reversal pattern near the lower Bollinger band. At this stage, it continues developing a growth wave following the signal received. Since the quotes remain within an ascending channel, the upward wave is expected to continue to the nearest resistance level at 1.4440. A breakout above this level would open the potential for a more substantial uptrend. Alongside the USDCAD technical analysis, low fundamental indicators from Canada suggest growth to the 1.4440 resistance level. Read more - USDCAD Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

EURUSD declined: the Fed and Trump’s plans ahead The EURUSD pair tumbled to 1.0464. The market is awaiting the Federal Reserve meeting this week and taking into account the signals from the White House. Find out more in our analysis for 27 January 2025. EURUSD forecast: key trading points The EURUSD pair started the week with a slight decline All eyes are on the outcome of the upcoming Federal Reserve meeting and its intentions regarding March EURUSD forecast for 27 January 2025: 1.0432 and 1.0385 Fundamental analysis The EURUSD rate fell to 1.0464 on Monday. The new week of January will be eventful. On Wednesday, the Federal Reserve will decide on the interest rate. The markets will primarily focus on signals regarding the March meeting. If inflation declines and approaches the Fed target of 2%, the interest rate will have to be lowered. Friday’s US statistics showed a slowdown in business activity to a nine-month low in January. This happened amid rising price pressures. At the same time, data was released showing that existing home sales in the country soared to a 10-month high in December. The market is very positive about Donald Trump’s program “America First”. However, against this backdrop, inflationary pressures have accelerated to a four-month peak. At the same time, companies are hiring at the fastest pace since 2022. The EURUSD forecast is so far neutral. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

AUDUSD is at a five-week high supported by positive US and Chinese data The AUDUSD pair rose to 0.6314 on Friday. Investors are keeping an eye on the issue of US tariffs on China. Discover more in our analysis for 24 January 2025. AUDUSD technical analysis On the AUDUSD H4 chart, quotes still have an opportunity to consolidate above 0.6323. In this case, a new growth target will be the area between 0.6325 and 0.6350. The AUDUSD pair has markedly strengthened. Read more - AUDUSD Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

XAUUSD forecast: Gold continues to strengthen against the US dollar A potential rise in inflation and a decrease in the US PMI could support Gold growth to 2,790 USD. More details in our XAUUSD analysis for today, 24 January 2025. XAUUSD forecast: key trading points The University of Michigan US inflation expectations: previously at 2.8%, projected at 3.3% US services PMI: previously at 56.8, projected at 56.4 Current trend: moving upwards XAUUSD forecast for 24 January 2025: 2,790 and 2,750 Fundamental analysis The XAUUSD forecast for 24 January 2025 shows that the pair continues to form a growth wave. The University of Michigan's US inflation expectations will be released at the beginning of the US trading session. The previous reading was 2.8%, and the forecast for 24 January 2025 suggests that inflation may rise to 3.3%, affecting XAUUSD prices. The US services Purchasing Managers’ Index (PMI) is projected to decrease to 56.4 given that it has been gradually increasing over the past three months. A weaker-than-forecast actual reading may lead to the weakening of the US dollar. A stronger-than-expected PMI could support the US dollar to some extent. The XAUUSD price forecast appears rather optimistic, with prices having the potential to reach new highs. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

EURUSD: the pair failed to breach the 1.0450 resistance level The EURUSD pair is undergoing an upward correction after forming a local low. The bulls were unable to surpass the 1.0450 resistance level immediately. Find out more in our analysis for 23 January 2025. EURUSD forecast: key trading points Donald Trump has not yet imposed new trade tariffs on the European Union Current trend: upward correction EURUSD forecast for 23 January 2025: 1.0450 and 1.0350 Fundamental analysis The EURUSD rate strengthened, rising to a five-week high of 1.0450, following news that US President Donald Trump held off on imposing stricter trade tariffs on the European Union. Nevertheless, concerns remain about potential near-term restrictions from the US. In her speech, ECB President Christine Lagarde urged Europe to prepare for possible US trade sanctions. Regarding monetary policy, the ECB is expected to continue easing by reducing the benchmark interest rate by 25 basis points next week. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team