#firstdealofthenewyearFateema The EUR/USD has extended its slide toward 1.0400 due to broad USD strength, fueled by Trump's tariff threats and rebounding US bond yields ¹. Meanwhile, the GBP/USD has dropped below 1.2450 as USD recovery continues. Key Events to Watch - *Federal Reserve's Extended Pause*: The Fed has signaled a cautious approach to monetary policy in 2025, with rate cuts likely to be gradual and data-dependent ². - *US Tech Earnings*: Upcoming earnings reports from major US tech companies may impact market volatility ². - *Chinese AI Startup DeepSeek*: The company's recent developments have shaken up markets, particularly affecting NVIDIA's market cap ². Trading Strategies Consider the following approaches: - *Directional Bias*: Expect the market to move in a certain direction based on news reports - *Non-Directional Bias*: Focus on trading the volatility generated by news events, without predicting the direction