It has been so long since the last #TradeIdea from us. I bet you have missed it! 😉
🥇 Gold has a bearish engulfing on a daily timeframe, and a diamond pattern on H4. We expect it to fall further.
Information is not investment advice, always make your own research.
🥇 Gold has a bearish engulfing on a daily timeframe, and a diamond pattern on H4. We expect it to fall further.
Information is not investment advice, always make your own research.
☀️Good Wednesday, everyone! Let’s look at the main topics the markets are buzzing about:
⚡The Reserve Bank of New Zealand (RBNZ) raised the Official Cash Rate from 0.25% to 0.5%. The monetary policy statement signaled further removal of monetary policy stimulus with close monitoring of inflation and employment levels. The NZD spiked higher right after the announcement but then was pressed down.
📉 The global indices started the day on a back foot as Treasury yields climbed to three-month high on inflation concerns. The JP225 retested the 27 150 level, while NASDAQ (US100) moved back to 14 500. S&P500 fell towards 4300.
📈The USD has strengthened against its peers, as all majors have experienced a huge selloff at the start of the European trading session. The price of gold fell as well. The next trigger for the American currency is the release of the ADP Nonfarm Employment Change today at 15:15 MT time (GMT+3). This data will provide us an insight into the US labor market ahead of the NFP this Friday.
👀 The price of WTI has reached the highest level since 2014 after the OPEC+ meeting on Monday. The price of Brent tested the high of 2018. Today, the release of crude oil inventories at 17:30 MT time (GMT+3) may add volatility to the oil.
💪As for another commodity, gas, its price is unstoppable! XTI/USD is on the way to reaching 6.5.
🤥 A huge scandal in the Federal Reserve may call into question a further placement of Jerome Powell as a Chair of the bank. According to US Senator Elizabeth Warren, the Fed leader may be involved in unusual investment activity in 2020, during the shutdown times.
🤩 Bitcoin has surged above $51 000! If it overcomes the current resistance, the rally towards $53 000 will happen.
✅ Don’t forget to subscribe to our Youtube channel for daily market analysis:
https://www.youtube.com/channel/UC9k0Fp5sEFggy7jDB0hs59Q
✅ Also, visit the website for more analytics: https://bit.ly/3ijff6s
Good luck in trading! 💥
⚡The Reserve Bank of New Zealand (RBNZ) raised the Official Cash Rate from 0.25% to 0.5%. The monetary policy statement signaled further removal of monetary policy stimulus with close monitoring of inflation and employment levels. The NZD spiked higher right after the announcement but then was pressed down.
📉 The global indices started the day on a back foot as Treasury yields climbed to three-month high on inflation concerns. The JP225 retested the 27 150 level, while NASDAQ (US100) moved back to 14 500. S&P500 fell towards 4300.
📈The USD has strengthened against its peers, as all majors have experienced a huge selloff at the start of the European trading session. The price of gold fell as well. The next trigger for the American currency is the release of the ADP Nonfarm Employment Change today at 15:15 MT time (GMT+3). This data will provide us an insight into the US labor market ahead of the NFP this Friday.
👀 The price of WTI has reached the highest level since 2014 after the OPEC+ meeting on Monday. The price of Brent tested the high of 2018. Today, the release of crude oil inventories at 17:30 MT time (GMT+3) may add volatility to the oil.
💪As for another commodity, gas, its price is unstoppable! XTI/USD is on the way to reaching 6.5.
🤥 A huge scandal in the Federal Reserve may call into question a further placement of Jerome Powell as a Chair of the bank. According to US Senator Elizabeth Warren, the Fed leader may be involved in unusual investment activity in 2020, during the shutdown times.
🤩 Bitcoin has surged above $51 000! If it overcomes the current resistance, the rally towards $53 000 will happen.
✅ Don’t forget to subscribe to our Youtube channel for daily market analysis:
https://www.youtube.com/channel/UC9k0Fp5sEFggy7jDB0hs59Q
✅ Also, visit the website for more analytics: https://bit.ly/3ijff6s
Good luck in trading! 💥
FBS
Forex and Stock Markets Analysis
In-depth Daily Market Analysis for Currencies, Commodities, and Stocks
🏆FBS Trading Marathon. Vol 3: WINNERS!🏆
The trading marathon is over, and now it’s time to announce the winners!
561 traders took part in the contest. The competition was intense.
The person who earned the biggest profit in points was 🥇Sushil Kumar Vaishnav from India with 35 611 points. Congratulations! We are so impressed and so happy for you! You will get $300 to your FBS account to withdraw or trade.
🎊The others did great as well and achieved fantastic results! We would also like to award the weekly access to VIP analytics to Ruwan Shamitha Chandrasekera and Lindokuhle Lushozi, who occupy the second and the third places respectively, and to Oghenetekpevwe Festus Mavworo, who’s at the last place – we hope that this will help you improve!
Do you like our contests? There will be more. Suggest a contest idea in the comments and we’ll consider it. Have a great trading day!💚
The top 10 after the end of the marathon. Those who didn’t get the prize, congratulations with profit! You are amazing!
1. Sushil Kumar Vaishnav, India – 35 611 points
2. Ruwan Shamitha Chandrasekera, Sri Lanka – 14 391 points
3. Lindokuhle Lushozi, South Africa – 11 887 points
4. Panashe Tanya Marengo, Zimbabwe – 10 348 points
5. Rifky Awwala Adriano, Indonesia – 8619 points
6. Carl Centino, Malaysia – 6197 points
7. Md Aaquib Aalam, India – 5952 points
8. Mohammad Habiibullah Bin Mohd Hadzarul Wong, Malaysia – 5571 points
9. Siphiwe Peacewell Buthelezi, South Africa – 5081 points
10. Firdaus Sukmono, Indonesia – 4244 points
🤔What was FBS Trading Marathon about?
➡Check #FBSTradingMarathon to learn more!
The trading marathon is over, and now it’s time to announce the winners!
561 traders took part in the contest. The competition was intense.
The person who earned the biggest profit in points was 🥇Sushil Kumar Vaishnav from India with 35 611 points. Congratulations! We are so impressed and so happy for you! You will get $300 to your FBS account to withdraw or trade.
🎊The others did great as well and achieved fantastic results! We would also like to award the weekly access to VIP analytics to Ruwan Shamitha Chandrasekera and Lindokuhle Lushozi, who occupy the second and the third places respectively, and to Oghenetekpevwe Festus Mavworo, who’s at the last place – we hope that this will help you improve!
Do you like our contests? There will be more. Suggest a contest idea in the comments and we’ll consider it. Have a great trading day!💚
The top 10 after the end of the marathon. Those who didn’t get the prize, congratulations with profit! You are amazing!
1. Sushil Kumar Vaishnav, India – 35 611 points
2. Ruwan Shamitha Chandrasekera, Sri Lanka – 14 391 points
3. Lindokuhle Lushozi, South Africa – 11 887 points
4. Panashe Tanya Marengo, Zimbabwe – 10 348 points
5. Rifky Awwala Adriano, Indonesia – 8619 points
6. Carl Centino, Malaysia – 6197 points
7. Md Aaquib Aalam, India – 5952 points
8. Mohammad Habiibullah Bin Mohd Hadzarul Wong, Malaysia – 5571 points
9. Siphiwe Peacewell Buthelezi, South Africa – 5081 points
10. Firdaus Sukmono, Indonesia – 4244 points
🤔What was FBS Trading Marathon about?
➡Check #FBSTradingMarathon to learn more!
Guys, the US dollar index gets rejected from the important level of 94.4!
/ USD currency pairs might feel stronger, while some drops are expected in USD/ currency pairs! ✌️
Hopefully, it will help you to benefit! 🙌
/ USD currency pairs might feel stronger, while some drops are expected in USD/ currency pairs! ✌️
Hopefully, it will help you to benefit! 🙌
#MarketNews
🇪🇺According to Bloomberg, the European Central Bank is studying a new bond-buying program to prevent any market turmoil when emergency purchases get phased out next year. The EUR is under pressure.
🇺🇸Democrats signaled they’d take up Senate Republican leader Mitch McConnell’s offer to raise the US debt ceiling into December. That would alleviate the immediate risk of a default but raise the prospect of another bruising political fight near the end of the year.
🔺Hang Send Index (HK50) bounced from the record low. News that President Joe Biden plans to meet virtually with Chinese President Xi Jinping before the end of the year improved market sentiment.
🗣Russian President Vladimir Putin offered to ease European gas crisis. According to him, Russia could potentially export record volumes of the vital fuel to the continent this year. In the meantime, XNG/USD corrected down from $6.50/mmBtu to $5.80/mmBtu.
📉Crude oil retreated from a 7-year high partly in the wake of growing US inventories. XBR/USD has support at $80 a barrel.
💡Bitcoin fluctuated between $54,000 and $55,000.
✅The stock of PepsiCo jumped by about 3% outperforming the market. This week the company has released a strong earnings report.
❗Traders keep waiting for the US Nonfarm Payrolls (NFP) report on Friday. ADP employment exceeded expectations yesterday. At 15:30 GMT+3 today, America will release unemployment claims.
What are your trade ideas for today?💬
🇪🇺According to Bloomberg, the European Central Bank is studying a new bond-buying program to prevent any market turmoil when emergency purchases get phased out next year. The EUR is under pressure.
🇺🇸Democrats signaled they’d take up Senate Republican leader Mitch McConnell’s offer to raise the US debt ceiling into December. That would alleviate the immediate risk of a default but raise the prospect of another bruising political fight near the end of the year.
🔺Hang Send Index (HK50) bounced from the record low. News that President Joe Biden plans to meet virtually with Chinese President Xi Jinping before the end of the year improved market sentiment.
🗣Russian President Vladimir Putin offered to ease European gas crisis. According to him, Russia could potentially export record volumes of the vital fuel to the continent this year. In the meantime, XNG/USD corrected down from $6.50/mmBtu to $5.80/mmBtu.
📉Crude oil retreated from a 7-year high partly in the wake of growing US inventories. XBR/USD has support at $80 a barrel.
💡Bitcoin fluctuated between $54,000 and $55,000.
✅The stock of PepsiCo jumped by about 3% outperforming the market. This week the company has released a strong earnings report.
❗Traders keep waiting for the US Nonfarm Payrolls (NFP) report on Friday. ADP employment exceeded expectations yesterday. At 15:30 GMT+3 today, America will release unemployment claims.
What are your trade ideas for today?💬
Today our analysts will hold a video chat with you guys! 🔥
What topics do you want analysts to discuss? Any questions to our experts? Leave in the comments! ⬇️
We'll start after 15:30 GMT+3. Join us! 😉
What topics do you want analysts to discuss? Any questions to our experts? Leave in the comments! ⬇️
We'll start after 15:30 GMT+3. Join us! 😉
🗣The link to join the live chat: https://t.me/fbsanalytics?voicechat
Telegram
FBS Analytics
Market news & trade ideas & analysis and more by FBS team
FBS Support: @fbs_official_bot
More analytics: https://bit.ly/3Ux0pMT
Start trading with FBS: https://bit.ly/3vmgYB2
Channel rules: https://telegra.ph/FBS-analytics-chat-rules-11-22
FBS Support: @fbs_official_bot
More analytics: https://bit.ly/3Ux0pMT
Start trading with FBS: https://bit.ly/3vmgYB2
Channel rules: https://telegra.ph/FBS-analytics-chat-rules-11-22
👍1
Crypto is on rise! Do you have questions how to trade it? We are now discussing Bitcoin in our video chat.
Any questions to our analysts to discuss during video chat now? The next chance will be only next Thursday!
PepsiCo stock surged!
Why trade stocks? Because stocks can make immense moves! Have a look at PepsiCo😳
PepsiCo delivered another solid quarter and it seems that the entire year of 2021 will be very good for the company. It boosted sales as people consumed more of its products while stuck at home. Revenue increased by 11.6% from the same quarter last year to $20.2 billion in its fiscal third quarter. The management raised revenue and earnings per share guidance for the remainder of the year.
✅ More companies will report earnings next week, so stay tuned!
You can trade stocks with FBS in the FBS Trader app (https://bit.ly/3i8D95e) and MetaTrader 5 (https://bit.ly/3fCyUx2)!
Why trade stocks? Because stocks can make immense moves! Have a look at PepsiCo😳
PepsiCo delivered another solid quarter and it seems that the entire year of 2021 will be very good for the company. It boosted sales as people consumed more of its products while stuck at home. Revenue increased by 11.6% from the same quarter last year to $20.2 billion in its fiscal third quarter. The management raised revenue and earnings per share guidance for the remainder of the year.
✅ More companies will report earnings next week, so stay tuned!
You can trade stocks with FBS in the FBS Trader app (https://bit.ly/3i8D95e) and MetaTrader 5 (https://bit.ly/3fCyUx2)!
#ForexEducation
💫It's time to test your knowledge of candlestick patterns!
After a pattern like this, what is the most likely direction of the price?
🙂There are some hints in the video: https://bit.ly/3Af5snS
💫It's time to test your knowledge of candlestick patterns!
After a pattern like this, what is the most likely direction of the price?
🙂There are some hints in the video: https://bit.ly/3Af5snS
#TradingNews
☀️ Morning traders! Today is the day we have waited for! NFP will be released at 15:30 GMT+3. The readings will define the future movements of the USD and gold. But now let’s stick to other important news.
🇨🇳 China’s energy crisis is affecting companies around the world, pressuring supply chains, thus, slowing down the global economy. If the electricity shortages and production cuts continue, they could become yet another factor causing global supply-side problems, especially if they start to affect the production of export products.
💰 The US Senate voted to temporarily increase the debt ceiling by another $400 billion. This outcome was expected yet it is affecting the global markets positively. S&P 500 and US 100 are rising. Global stocks are on course for their best week since early September.
🛢Oil extended a rebound after the U.S. Energy Department said it has no plans “at this time” to tap into the nation’s oil reserves to help quell rising fuel prices.
💸 The recent sharp rally in Bitcoin paused around the $54,000 level.
🍀 What are your trade ideas for today? Let’s discuss this in the comments!
☀️ Morning traders! Today is the day we have waited for! NFP will be released at 15:30 GMT+3. The readings will define the future movements of the USD and gold. But now let’s stick to other important news.
🇨🇳 China’s energy crisis is affecting companies around the world, pressuring supply chains, thus, slowing down the global economy. If the electricity shortages and production cuts continue, they could become yet another factor causing global supply-side problems, especially if they start to affect the production of export products.
💰 The US Senate voted to temporarily increase the debt ceiling by another $400 billion. This outcome was expected yet it is affecting the global markets positively. S&P 500 and US 100 are rising. Global stocks are on course for their best week since early September.
🛢Oil extended a rebound after the U.S. Energy Department said it has no plans “at this time” to tap into the nation’s oil reserves to help quell rising fuel prices.
💸 The recent sharp rally in Bitcoin paused around the $54,000 level.
🍀 What are your trade ideas for today? Let’s discuss this in the comments!
Guys, did you miss our Tradingview overviews? 😏
We have been looking for the best trade idea and finally we found it!
Welcome EUR/USD overview in front of the US Non-Farm Payrolls announcement! 🔥
❗️Follow our Tradingview profile and enjoy more daily market overviews❗️
➡️Read the idea: https://bit.ly/3DlcyZL
➡️Follow the profile: https://bit.ly/2Xq2U93
We have been looking for the best trade idea and finally we found it!
Welcome EUR/USD overview in front of the US Non-Farm Payrolls announcement! 🔥
❗️Follow our Tradingview profile and enjoy more daily market overviews❗️
➡️Read the idea: https://bit.ly/3DlcyZL
➡️Follow the profile: https://bit.ly/2Xq2U93
TradingView
EUR/USD: Reverse is expected for FX:EURUSD by FBSAnalytics
Trade: long
Target 1.183
EUR/USD is trading in the declining channel. The currency pair came to the most significant support level of 1.15 with the bullish divergence on the RSI chart. The RSI oscillator also shows that the pair is in the oversold zone.…
Target 1.183
EUR/USD is trading in the declining channel. The currency pair came to the most significant support level of 1.15 with the bullish divergence on the RSI chart. The RSI oscillator also shows that the pair is in the oversold zone.…
NFP forecasts of 8 major banks
What will happen?
The US will reveal Non-farm payrolls today at 15:30 GMT+3. Here are the forecasts of 8 major banks regarding the upcoming NFP report. The common forecast (market consensus) is 500K. What’s yours?
Westpac's economists predict NFP at 600K.
ING expects a 450-500K increase in non-farm payrolls.
TDS forecasts NFP will be 525K due to “some normalization in education at the start of the new school year”.
RBC Economics' analysts anticipate NFP at 425K and the unemployment rate at 5.3% (worse than the market consensus of 5.2%).
Deutsche Bank's analysts forecast “NFP growing by 400K and the unemployment rate ticking down to a post-pandemic low of 5.1%”.
CIBC analysts suggest that around 420K jobs were added.
JP Morgan is looking for a 575K increase in jobs and a drop in the unemployment rate to 5% because of “the expected rebound in the leisure and hospitality sectors”.
Danske Bank: NFP “around 300K or above will be enough for the Fed to go ahead with tapering.”
Follow the NFP report at 15:30 GMT+3 (MetaTrader time). Don’t know how to trade on NFP? Learn our strategy!
What will happen?
The US will reveal Non-farm payrolls today at 15:30 GMT+3. Here are the forecasts of 8 major banks regarding the upcoming NFP report. The common forecast (market consensus) is 500K. What’s yours?
Westpac's economists predict NFP at 600K.
ING expects a 450-500K increase in non-farm payrolls.
TDS forecasts NFP will be 525K due to “some normalization in education at the start of the new school year”.
RBC Economics' analysts anticipate NFP at 425K and the unemployment rate at 5.3% (worse than the market consensus of 5.2%).
Deutsche Bank's analysts forecast “NFP growing by 400K and the unemployment rate ticking down to a post-pandemic low of 5.1%”.
CIBC analysts suggest that around 420K jobs were added.
JP Morgan is looking for a 575K increase in jobs and a drop in the unemployment rate to 5% because of “the expected rebound in the leisure and hospitality sectors”.
Danske Bank: NFP “around 300K or above will be enough for the Fed to go ahead with tapering.”
Follow the NFP report at 15:30 GMT+3 (MetaTrader time). Don’t know how to trade on NFP? Learn our strategy!
FBS
The most anticipated US jobs data is here again
United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on October 8, 15:30 GMT+3.