February 10 – Limited Impact of Trump Tariffs, GOLD Surges! Watch Out for US-China Trade War Developments
✅ Key Market Developments Today
📌 Trump Tariff Reports Move the Market, but Reaction Remains Limited
- The US announces new steel and aluminum tariffs → Temporary USD strength & JPY strength
- US-China retaliatory tariffs take effect → Further escalation of trade tensions possible
- USD/JPY dropped to the lower 151s but rebounded to the 152s
- EUR/JPY also bounced back from the high 155s to near 157
📌 Ongoing Caution Over US-China Trade War Impacts
- China refuses to make concessions, increasing the likelihood of further tariff battles
- Next target: the EU? → Japan may also face repercussions
📌 GOLD (XAU/USD) Surges Again
- Demand for safe-haven assets skyrockets
- With continued US-China tensions, capital flows toward safe assets
📌 Trading Strategies Moving Forward
🎯 1. GOLD (XAU/USD)
📈 Direction: Buy on Dips
🔎 Strategy:
- Short-term: Look for buying opportunities on pullbacks after the surge
- Entry Point: Around 2725–2730
- Target: 2750–2760
🎯 2. USD/JPY
📉 Direction: Sell on Rallies
🔎 Strategy:
- If Trump makes statements about correcting the weak yen, JPY appreciation pressure could increase
- Entry Point: Sell on rallies around 152.50–153.00
- Target: 150.50–149.50
🎯 3. EUR/USD
📉 Direction: Bearish Outlook
🔎 Strategy:
- ECB remains dovish → Continued EUR selling pressure
- Entry Point: Sell around 1.0350–1.0380
- Target: 1.0250–1.0200
🎯 4. EUR/JPY
📉 Direction: Sell on Rallies
🔎 Strategy:
- Entry Point: Sell around 157.00–157.50
- Target: 155.50–154.50
📌 Upcoming Key Events
📅 February 12 (Wednesday) – US January CPI
→ Higher inflation supports USD, lower inflation weakens USD!
📅 February 17 (Monday) – RBA Interest Rate Decision
→ Impact on AUD movements
📢 Key Events Today:
- ECB President Lagarde’s remarks (insights on Trump’s tariffs)
- Additional reports on the US-China trade war
📢 Stay strategic this week! Keep a cool head and trade wisely! 🔥💹
