​☀️Happy Wednesday, dear traders! Today, traders will get first hints regarding the US labor market condition and the US GDP. Let's check more news moving the markets today!

🇬🇧The Bank of England is facing serious losses when buying its bonds to help the economy. Experts say the situation will get even worse.

☣️Coinbase (COIN) gained 15% yesterday, and Bitcoin increased over 6% after Grayscale's victory in court against the SEC.

🇨🇳The largest Chinese ETF reported a record monthly influx of client funds, indicating a possible stock market reversal.

🇺🇸Fundstrat Research expects the data this week to signal disinflation and "softening" of the labor market. As a result, they believe the Fed will finish the rate hike cycle.

🔼Risk sentiment is back. Yesterday, NASDAQ gained 2.15%, with Tesla and Nvidia increasing by 7.70% and 4.16%, respectively.

➡️Get CADJPY trade idea: https://bit.ly/3Eg6mou

​​🎉Hello, guys!

Thanks a lot for your answers to our previous quiz about Volume indicators➡️ https://t.me/fbsanalytics/7081

🔥Here are the correct answers: 1️⃣ 2️⃣ 1️⃣

🤔Now, catch some of our next questions.

Here is our Pin Bar Trading Strategy review. And here are some questions about it👇

Question 1. A pin bar is a type of candlestick that signals…

1️⃣...the continuation of the trend
2️⃣...the flat
3️⃣...the reversal of prices.

Question 2. A bearish pin bar is formed after a solid movement upwards or …

1️⃣...at the end of an uptrend.
2️⃣...at the beginning of an uptrend
3️⃣...in the middle of an uptrend

Question 3. A bullish pin bar pattern must be confirmed by the … that opens above the closing price of the pin bar.

1️⃣...bearish candlestick
2️⃣...bullish candlestick
3️⃣...any candlestick

​​🔥Hello, guys!

📈📉Divergence is a strong signal that something is happening in the market. Unfortunately, divergence doesn’t give the exact signal of an entry point. It only warns that the trend may change.

You may find the price divergence with different indicators: RSI, Stochastic, Williams %R, etc.

🤔Do you use divergence in your trading strategies, guys?

​​🔥Hello, guys! Friday is here, and Nonfarm Payrolls is almost here, too. Let’s look at the most important events in the market. Here we go👇

🇪🇺According to ECB meeting minutes: ECB members agree with an assessment that points to a possible unexpected slowdown in economic activity in the Eurozone; more rate hikes will be needed if inflation does not ease; a rate hike in September would be necessary unless there is convincing evidence that the effect of the aggregate tightening of the monetary policy was strong enough to reduce inflation in line with the plan to bring inflation to the target of 2%

🇪🇺🇺🇸Meanwhile, Bank of America Corp. and JPMorgan Chase & Co. expect EURUSD to fall to $1.05, a level last seen during the banking crisis in March. BNP Paribas Asset Management looks even lower: the price, in their opinion, can reach $1.02. Let’s have a look at the technical analysis here➡️https://tinyurl.com/ywjkchnc

🛢According to Bloomberg, Saudi Arabia is expected to extend oil production cuts until October. Meanwhile, Forbes announced that Russia will cut oil exports by 300,000 bpd to June in September. OPEC+ countries are fighting for the high oil price. Yesterday, XBRUSD increased by 1.75%. The price has almost reached its local highest high level at $87.70.

🇨🇦Canadian GDP is published today at 3-30 PM GMT+3. Experts think that in the second quarter, the economy grew by 0.3% vs. 0.8% a quarter earlier. The Canadian trade balance deficit started increasing; the unemployment rate jumped to 5.4% from 5.0% - fewer people had money to spend, leading to the Ivey PMI moving lower than the crucial 50 points. The economy is slowing down. That’s why the forecast makes sense.

🇺🇸Initial jobless claims in the US were released better than expected – 228K vs. 235K in the forecast. The 4-week average indicator grew and reached 237.50 K. Continuing jobless claims are rising. According to Challenger, Gray&Christmas the number of job cuts jumped. We think the US labor market has started slowing and expect the unemployment rate to be higher than 3.5%. The US dollar may fall📉

🥇XAUUSD started moving in flat. The market participants are waiting for the NFP release. If the dollar falls, XAUSD will jump up. The nearest resistance is approximately $1950. What are you doing with gold, guys? Buying or selling?🤔

🚀That’s it for today! Give us your❤️ and see you soon.

​​🎉Nonfarm Payrolls are expected today.

🧐But how to understand where the US dollar and gold will go?

Here is our updated review about all tips and tricks of Nonfarm statistics➡️https://tinyurl.com/55s46skn

🤓Everyone wants to Earn, but who of you want to Learn?

Good luck with the news trading🚀

➡️TRADE WITH FBS
@fbsanalytics

​​🔥Hello, guys!

Thanks a lot for your answers about pin-bar➡️ https://t.me/fbsanalytics/7096

The correct answers are 3️⃣ 1️⃣ 2️⃣

Now, it’s time to speak more about some rules of intraday trading

Here is our review of some of them💪

Could you please try to answer several questions now?

Question 1. Timing in trading is…

1️⃣Crucial
2️⃣Not so important
3️⃣Not important at all

Question 2. If you trade intraday, you should close all your positions

1️⃣At the end of the week
2️⃣At the end of the month
3️⃣At the end of the day

Question 3. What is not so important for intraday trading strategy?

1️⃣Risk-reward ratio
2️⃣Stop Loss placement rules
3️⃣Type of the chart that you use for analysis

#meme
Technical analysis is all around you when you trade too much😁