#firstdealofthenewyearFateema Market Updates The AUD/USD pair has managed to hold its bounce above 0.6200, thanks to a subdued US Dollar post-Fed decision and strong Australian export prices data. However, the pair's further upside appears capped due to rising bets for a February RBA rate cut and lingering US-Sino trade war fears ¹. Key Events to Watch - The European Central Bank's interest rate decision, where markets anticipate the fifth rate cut since 2023 - US Q4 GDP data, which may impact the USD's value - BoJ's Himino's speech, which could influence USD/JPY prices Trading Strategies Consider trading the news using either a directional bias or non-directional bias approach. A directional bias involves expecting the market to move in a certain direction after the news report, while a non-directional bias focuses on trading the volatility generated by the news event ². Economic Indicators to Monitor Keep an eye on key economic indicators such as: - *Interest Rate Decisions*: Central banks' decisions on interest rates can significantly impact currency values - *Inflation Reports*: CPI, PCE, and PPI reports can influence monetary policy decisions - *Employment Data*: Unemployment rates and wage growth can impact economic growth and interest rates