​​🔥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😁

​​#MarketNews

☀️Hello guys and Welcome to the new trading week

Economic calendar

The time zone is GMT+3. Check your time zone here.

1️⃣ Monday:

All day: US, Canada Labor Day

2️⃣Tuesday:

AUD 07:30, RBA Interest rate decision
EUR 10:00, ECB President Lagarde Speaks
GBP 11:30, S&P Global/CIPS US Composite PMI (Aug)
USD 17:00, Factory orders (Jul)

3️⃣Wednesday:

AUD 04:30, Australian GDP YoY
USD 15:30, US Trade Balance (Jul)
CAD 15:30, Canadian Trade Balance
USD 17:00, ISM Non-Manufacturing PMI
CAD 17:00, BoC Interest rate decision
USD 21:00, the US Beige Book

4️⃣Thursday:

AUD, 04:30, Trade balance
EUR 12:00, European GDP YoY
USD 15:30, US Initial jobless claims
Oil 18:00, US Crude oil inventories

5️⃣Friday:

CAD 15:30, Unemployment change
Oil 20:00, US Baker Hughes Oil rig count

🚀News to watch for today

🇺🇸Due to the lack of an approved budget for the new fiscal year, a US government shutdown is possible, which will happen as early as October 1st if Congress does not have time to approve the relevant legislation by then. This is a new risk factor for the US dollar. Meanwhile, Gold prices may rise.

🇺🇸BlackRock and Pimco are confident that the Fed's rate hike is over. “Employment data suggests the Fed is on pause for now and may be ending the cycle,” Pacific Investment Management Co. said in a statement.

🇨🇳A steady growth of Asian sites today on the announced new measures to support Chinese developers from the state began.

🇪🇺According to ECB: core inflation remains robust; an additional rate increase may be required; there are signs that inflation is easing, but the 2% target will not be reached until 2025; We may pause at some point, but it's premature to talk about a complete halt in rate hikes.

🥇Gold analysis for the week ahead: ➡️ https://bit.ly/3OVxsWY

💚 Have a profitable week!

🚀Hello, guys

Trading is risky. The more positions you open – the more risks you take.

That’s why it’s not sometimes recommended to open too many positions. Especially when the market is volatile📉📈

🤔What is your attitude towards risk?

Please tell us what's on your mind👇