+3,252 USD Profit! Key Focus on Post-FOMC Employment Data and BOE Rate Cut Possibility – Forex Outlook for the Week of F
+3,252 USD Profit! Key Focus on Post-FOMC Employment Data and BOE Rate Cut Possibility – Forex Outlook for the Week of February 3, 2025
■ Trading Results for January 27 – January 31
📊 Weekly Profit: +3,252 USD
📉 Key Trades:
- Bitcoin Buy → Major Stop-Loss
- Gold Buy → Strong Performance as a Safe Haven Asset
This week, market volatility was heightened by President Trump’s tariff policies. The flow of funds between Gold and Bitcoin tends to be a seesaw effect, and this time, Gold took the lead. Unfortunately, I was unable to fully capitalize on this shift.
Meanwhile, the forex market was volatile, but I managed to read the general flow of major currency pairs, resulting in a break-even performance overall.
■ Forex Outlook for the Week of February 3 – Key Focus Areas
① USD/JPY
📌 Outlook: Neutral
📌 Key Factors:
- U.S. January Employment Report (Friday, Feb 7) – Strong data could delay Fed rate cuts, boosting the dollar; weak data could trigger dollar selling.
- ISM Manufacturing PMI (Monday, Feb 3) & ADP Employment Report (Wednesday, Feb 5) – These will set the tone for market sentiment post-FOMC.
- Trump’s Tariff Policy – New tariffs on Canada and Mexico set to take effect on February 1, though there’s a chance they might be retracted.
② EUR/USD
📌 Outlook: Bearish
📌 Key Factors:
- ECB Rate Cut Expectations – President Lagarde hasn’t ruled out further rate cuts, which could accelerate euro selling.
- French, German & Eurozone GDP Preliminary Data – If weak, the euro may test lower levels.
③ GBP/JPY
📌 Outlook: Neutral
📌 Key Factors:
- BOE Monetary Policy Meeting (Thursday, Feb 6) – Market expects a rate cut from 4.75% to 4.50%.
- MPC Voting Pattern – In December, three members supported a rate cut. How will they vote this time?
- Monetary Policy Report – Inflation outlook will determine the pace of future rate cuts.
④ CAD/JPY
📌 Outlook: Bearish
📌 Key Factors:
- BOC Rate Cut Decision (3.25% → 3.00%) – Downgraded growth outlook & Trump tariffs could fuel further CAD selling.
- Early Week Volatility in the Oceania Market – Expect fluctuations in CAD/JPY.
⑤ AUD/JPY
📌 Outlook: Bearish
📌 Key Factors:
- Growing RBA Rate Cut Expectations – Over 90% probability of a rate cut at the February 17-18 meeting.
- Diminishing Interest Rate Advantage – U.S. rate outlook is stabilizing, reducing AUD’s yield appeal.
⑥ ZAR/JPY (South African Rand/JPY)
📌 Outlook: Neutral
📌 Key Factors:
- SARB’s Interest Rate Strategy – The South African Reserve Bank is closely monitoring Trump’s tariffs.
- South African Political Stability – ZAR is a highly volatile currency, requiring caution.
■ Key Economic Events This Week
📌 Monday, Feb 3: U.S. ISM Manufacturing PMI
📌 Tuesday, Feb 4: U.S. December JOLTS Job Openings
📌 Wednesday, Feb 5: U.S. ADP Employment Report, ISM Non-Manufacturing PMI
📌 Thursday, Feb 6: BOE Interest Rate Decision (Major Impact on GBP)
📌 Friday, Feb 7: U.S. January Employment Report (Biggest Event of the Week!)
■ Trading Strategy This Week
✅ USD/JPY: Stay on the sidelines until NFP release, then trade based on direction.
✅ EUR/USD: Look for sell opportunities as ECB rate cut expectations persist.
✅ GBP: Watch for position adjustments before the BOE meeting and trade based on post-announcement moves.
✅ CAD: Maintain a bearish outlook (BOC rate cut & Trump tariffs in focus).
✅ AUD: Look for sell opportunities on rebounds, given RBA rate cut expectations.
✅ ZAR: Short-term trading only, given its high volatility.
■ Summary
The U.S. January Employment Report is the biggest event of the week!
It will likely set the direction of the dollar post-FOMC.
Other key market movers include:
- BOE’s monetary policy decision
- Trump’s tariff policies
- Concerns over European economic slowdown
Given these uncertainties, I’ll approach this week cautiously while staying flexible for trading opportunities.
Let’s stay calm, calculated, and seize the best opportunities! 💹🔥
Trader’s Health: The Importance of Heart Health and Diet
Successful trading demands sharp decision-making and sustained concentration. However, heart health is often overlooked.
Why Heart Health Matters for Traders
The heart pumps oxygen-rich blood to the brain, maintaining mental clarity and stress resilience – both critical for trading.
Top Vegetables for a Healthy Heart
✅ Leafy Greens (Spinach, Kale, Romaine Lettuce)
➡ Rich in Vitamin K & Folate, improving vascular flexibility.
✅ Garlic & Onions
➡ Enhances blood circulation and stabilizes blood pressure.
✅ Broccoli & Cauliflower (Cruciferous Vegetables)
➡ Antioxidant properties help reduce heart strain.
✅ Beets & Carrots
➡ Improves circulation & strengthens blood vessels.
✅ Avocado & Olive Oil
➡ Healthy fats reduce heart stress and regulate cholesterol levels.
Simple Ways to Incorporate More Vegetables into Your Diet
❗ "I know vegetables are good, but I struggle to eat them daily…"
Here are practical tips for busy traders:
1️⃣ Use Smoothies
➡ Blend spinach + banana + yogurt + almond milk for a quick, nutrient-packed breakfast.
2️⃣ Replace Junk Snacks
➡ Swap chips for celery + avocado dip or nuts + dried fruits.
3️⃣ Stock Up on Frozen & Pre-Cut Vegetables
➡ Keep frozen spinach & broccoli handy for quick meals.
4️⃣ Make Vegetables Visible
➡ Store veggies where you can see them in your fridge to avoid waste.
5️⃣ Create a Simple Daily Routine
➡ Add a mini salad, or mix spinach into soups to build a habit.
Both Trading and Health Require Consistency
Like trading, health is about small, consistent improvements.
Try making this week a "vegetable-focused" week, and you’ll likely feel better concentration and mental stability in your trading.
Let’s make smart trades and smart health choices for another profitable week!
🔥 Wishing you a successful trading week! 🚀
