​​🎉Hello, dears! Thursday’s news is waiting for you. Let’s go👇

🇺🇸 The US ISM Non-Manufacturing PMI was released better than the forecast. The fact was published at 54.5 points vs. 52.5 in the forecast. According to ISM research, one respondent says the following: Prices have settled. Top management does not take the warnings of a possible recession in 2024 very seriously. The same experts warned that the country would be in a recession by now. Our general feeling is that the (Federal Reserve’s) strategy for taming inflation and building a soft landing for the economy is working better than expected.

🇪🇺🇺🇸 The EURUSD hasn’t changed much yesterday. The pair grew by 0.05%. Today, the main Forex pair kept falling. The EURUSD is decreasing by 0.12%. The trend is bearish. The nearest support line is still between 1.06670 and 1.06900.

🇨🇦 The Bank of Canada (BoC), according to expectations, left the rate unchanged at 5.0% per annum. Recall that the highest level of “key” in 22 years. If necessary, the regulator warns of possible tough action: “…The Board of Governors remains concerned about continued inflationary pressures and ready to raise the interest rate further if necessary…”

🇺🇸🇨🇦 The USDCAD may soon approach 1.36900. But before this, bulls should overcome 1.36550. What’s exactly happening on the chart? Check it here in our review➡️https://bit.ly/3Z5fJ44

🛢XBRUSD was rising yesterday. By the way, oil at $150 a barrel will destroy everyone. But even at 90, Bloomberg starts with articles: what guard stagflation again? The recession is practically official, even though inflation was falling so beautifully. Everyone was happy that they beat it, and you can lower rates just like that, even without a recession. And now, if the prices for raw materials go back up, what is it - to raise rates again? It's the same problem that Triche had in 2008, when he mistakenly raised the rate, looking at high inflation. The result was a deep recession.

⛽️According to BBG, European gas storage is almost full amid subdued demand. At the end of winter, European gas storage capacity levels are now key to global gas and LNG prices; Trafigura says the cold snap will increase competition with Asia for LNG supplies.

⛽️XNGUSD is in the bullish, growing price channel. The support is at 2.710, and the resistance is at 2.97.

🥇What about gold, guys? XAUUSD touched the support of $1916 and tried to bounce back. Are you bullish or bearish in Gold, dears?🤔 Leave your comments👇

That’s it for today. Don’t forget to give us🔥 if you liked our review; we hope to see you soon.

​​🧠Psychology plays a crucial role in every trader's life. If you keep panicking and remain unstable, you likely won't succeed in making a constant profit. This article, written by FBS experts, explores different types of mental issues and how one can cope with them to achieve better results.

Click to read it here!

​​#MarketNews
🗞 Nothing can stop us from finding good quality trades and impactful news. This market wrap proves it, here’s what you need to know:

📊 BoC’s Macklem: “It’s too early to think about interest rate cuts because we’re not there yet.” USDCAD is down 350 points.

🏦 Fed’s member Harked didn’t comment on the monetary policy, a rare occasion among Fed members.

🇨🇦 Canadian Ivey PMI is above expectations (53.5 vs. 49.2). Above 50.0 indicates industry expansion, a good sign for the economy.

:us US Unemployment Claims are down to 216K from last week’s 229K. The forecast number is 232K. EURUSD fell 250 points but rose later.

🇨🇳 USDCNH is only 150 points from the seven-year high (300 points closer than yesterday). PBoC fixes the USDCNY reference rate at 7.2150 (the previous fix was 7.1986).

🍏 APPL (Apple) stock fell 8.5% over the last few days after the Chinese government allegedly restricted public employees' use of the company's products.

💶 Daily trade idea (EURUSD):
➡️ https://bit.ly/44GXi72

💚Have an amazing day!

🔥US500 is trying to break 4450 points. The level is still considered to be the support line.

If bears succeed – the index may touch 4350 points (100MA).

Directional movement index lines confirmed the bearish signal 📉

The trend indicator Parabolic SAR reversed and started falling, too.

🔻Trade: Sell US500
🎯TP: 4380; 4350
❌SL: according to your trading strategy

❗️The analysis was made in the daily timeframe. Take your time and be careful.

TRADE WITH FBS
@fbsanalytics

​​🇹🇷The Turkish lira continues falling against the US dollar.

In the last meeting, the Central Bank of Turkey increased the rate by 750 bp to 25%.

🤔 Will it help the Turkish lira? What to expect from the economy?

FBS analysts prepared a new review of the situation in Turkey.

Check it here➡️ https://bit.ly/484wSip

TRADE WITH FBS
@fbsanalytics

​​🔥Hello, guys!

Thanks a lot for your answers about intraday tips for traders➡️ https://t.me/fbsanalytics/7126

The correct answers are 3️⃣ -> No answer -> 1️⃣

The second question was about FVG. FVG stands for Fair Value Gap, that’s why all options in the second question were incorrect😉

🚀Now, it’s time to discuss How Does Recession Affect Financial Markets?

🤔Could you please try to answer several questions now?

Question 1. How many recessions did the US go through over the past 30 years?
1️⃣Six
2️⃣Seven
3️⃣Four

Question 2. The yield curve is a chart that plots the yield of a range of US … bonds
1️⃣Municipal
2️⃣Corporate
3️⃣Government

Question 3. During the last three recessions, 2020, 2007, and 2001, the price of gold … while the value of the S&P 500 decreased.
1️⃣decreased
2️⃣increased
3️⃣didn’t change

​​#MarketNews

😎 Be ready to trade like never before, as this week may turn the market upside down. US CPI, EU Interest Rate, and many news to follow. Here’s what we have:

📆 Economic calendar
The time zone is GMT+3. Check your time zone here.
1️⃣ Monday:
CNH 07:41, New Loans (1360B vs. 1275B)
2️⃣ Tuesday:
GBP 09:30, Claimant Count Change
EUR 12:00, German ZEW Economic Sentiment
3️⃣ Wednesday:
GBP 09:00, GDP m/m
USD 15:30, CPI and Core CPI m/m
4️⃣ Thursday:
AUD 04:30, Unemployment Rate
EUR 15:15, Main Refinancing Rate and Rate Statement
USD 15:30, PPI and Core PPI m/m
USD 15:30, Retail Sales m/m
EUR 15:45, ECB Press Conference
5️⃣ Friday:
CNH 05:00, Industrial Production y/y
USD 15:30, Empire State Manufacturing Index
USD 17:00, Prelim UoM Consumer Sentiment

🗞News to keep you informed
🌏 News from the G20 meeting: Leaders of the US, India, Saudi Arabia, the UAE, and the EU have agreed to work together to establish a multinational rail and shipping corridor connecting South Asia to the Middle East and Europe.

🌐 The plan is to connect the Mideast Gulf countries by rail to Jordan and Israel, and by sea to India and Eastern Europe through shipping lanes.

🇨🇳 China’s central bank yanks yuan off 16-year low with strongest fixing bias. USDCNH fell 700 points on the Asian session today.

📊 Treasury Secretary Janet Yellen said she’s increasingly confident that the US will contain inflation without major damage to the job market. It’s worth noting that NFP results have been in a downtrend for the last 18 months.

🏦 WSJ says the US Fed may stop rate hikes in September and debate about hiking rates in November/December. A strong USD helps to avoid inflation and support the US economy.

💸 Coinbase CEO said the company is working on the next generation of stablecoins called “flatcoins.”

🏆Gold analysis for the week ahead
➡️ https://bit.ly/3PeKNcV

💚We wish you a performing week!

​​🍀Good Wednesday, dear traders! Let’s look at the main news ahead of the main event that will shake the markets: the release of US CPI at 15:30 GMT+3!

🇺🇸The United States will release the Inflation Rate today at 15:30 GMT+3. According to the forecasts, The headline US CPI will advance by 0.6%, while the core indicator will rise by 0.2%. Such an impressive increase may push the Fed towards more rate hikes.

📱Yesterday, Apple introduced iPhone 15, and its shares fell by almost 2%. Device cameras have more megapixels and weigh 1 gram less, and it is also possible to send a satellite SOS signal in 14 countries. But the most important thing is that Apple has officially abandoned the Lightning connector and is switching its devices to USB Type-C.

🛢BBG CFTC says bullish bets on WTI oil from a hedge fund are the highest in 15 months. Meanwhile, BofA notes that the US Strategic Petroleum Reserve (SPR) is at a 40-year low, and oil prices are at a 10-month high. A new struggling cycle around oil prices starts. Oil price growth may push inflation higher again.

🚗Tesla topped the list of the most shorted large-cap US stocks. At the end of August, this happened for the third month. Meanwhile, Tesla stocks made a large gap on September 11th. The price may try to close it by returning to $256.50.

What do you expect from EURUSD today? Share in the comments! ➡️