#MarketNews

☀️ Happy Wednesday, dear traders! Let's check the news moving the financial markets today:

🌐 The Arizona Senate is pushing initiatives to incorporate cryptocurrency into state-run pension funds. BTCUSD is currently valued at 65812.

🛢 Experts have raised their Brent oil price forecast for 2024 to $85 in response to OPEC+'s extension of voluntary supply cuts. XBRUSD is at 82.01.

⚠️ High interest rates and falling commercial real estate prices pose a significant risk to the US banking system, with up to a third of it potentially at risk—IMF warns of the risks of new bank bankruptcies in the US.

📉 The US500 index fell even lower as the tech giants of the "Magnificent Seven" lost a market capitalization of $233 billion on Tuesday, causing a sharp drop in American stocks. US500 stands at 5088.

💥 Due to Houthi shelling, cables in the Red Sea were damaged, disrupting internet traffic.

🍎 Apple has decided against hosting a spring event for its latest device launches, opting to introduce new products directly on its website. Apple shares stand at 170.12.

❌ Facebook and Instagram experienced a global outage on Tuesday, causing the platforms to be unavailable. #Meta shares are currently at 490.29.

🚗 Tesla shares dropped 7% amid declining electric car sales in China. Tesla is currently priced at 180.70.

That's it for today, guys! Click on ❤️if you liked our review, and see you soon!

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👉🇦🇺🇻🇦👈AUDUSD Analysis!

📊 On the H1 timeframe, AUDUSD is challenging the 38.2% Fibonacci retracement, coinciding with the 0.6520 resistance level.

🔼 Surpassing the 0.6520 resistance could lead towards the golden Fibonacci ratio and the 0.6550 level.
🔽 A corrective pullback may send the asset down to 0.6480.

❓ Are you on the bullish or bearish side?

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👉🇪🇺🇨🇭🚀👈EURCHF goes up!

🔥 EURCHF is in a long-term uptrend; moving averages also confirm further growth. The price recently broke through the 0.9610 level, opening growth opportunities.

🔼 Trade: Buy EURCHF
🎯 TP: 0.9680

Smash ❤️ if you are bullish on EURCHF!

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👉🇻🇦🇯🇵🚀👈USDJPY — pump is coming!

While the price was consolidating inside the range, the RSI significantly declined, highlighting the substantial opportunity for more increase. Currently, the pair is right above the lower border of the horizontal range, so buyers can look for entry points near this support level.

🔼Trade: Buy around 149.25;
🎯TP: 150.85, 151.85;

🫰Are you in?

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#InstrumentOfTheWeek

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📣 Attention everyone! We've slashed spreads on Palladium for an entire week, offering you a prime chance to explore this trading pair like never before!!!

➡️ In addition, to help you make the most of this opportunity, we have carefully prepared Palladium technical analysis just for you:

👀 On the H4, Palladium is in a long-term bearish trend, but the short-term movement is upward. The price is approaching a significant resistance, but two scenarios are possible.

🔼 If the price overcomes the resistance at 990, the price will go up to 1090 level;
🔽 Otherwise, a rebound from the resistance will drop the price to 910.00, and with a further fall, the price will rally to the support at 860.00.

Press ❤️ if you're bullish on the market's prospects. Hit 💔 if your outlook is bearish! Let's discover which perspective is more prevalent!

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#MarketNews

👋 Hello, dear traders! Today is Thursday, March 7, 2024. Let's quickly delve into the key financial highlights of the day:

☄️ Federal Reserve Chair Jerome Powell emphasized the need for more assurance on inflation reduction before considering rate cuts, suggesting it might be appropriate to lower rates later this year.

🔥 Gold prices rose to a record $2157.5 an ounce this week, driven by investor interest amid expectations of interest rate cuts by global central banks and further price gains.

🇪🇬 The Egyptian pound's exchange rate plummeted following the Central Bank of Egypt's decision to allow its value to be determined by market mechanisms, resulting in a 63% increase in the dollar's value.

🍎 Apple's stock has fallen for six consecutive days, resulting in a $352 billion loss in market value this year, allowing Microsoft to surpass it as the largest US company. Apple (#APPLE) shares are down 0.59% today.

🚗 For the first time in 13 months, Tesla is no longer among the top 10 largest US companies by market capitalization, surpassed by Visa. Tesla (#TESLA) shares are down 2.35% for the day.

✈️ Lufthansa (#LHA) has lowered its 2024 operating margin target to 7.6% due to rising costs and labor disputes despite reporting a 76% increase in 2023 operating profits to €2.7 billion. Despite this, the stock is up 1.04%.

🇪🇺 The European Central Bank is expected to maintain the deposit rate at 4% for the fourth consecutive meeting, with new economic projections likely strengthening the case for initiating rate cuts later in the year.

🇬🇧 The UK's Office for Budget Responsibility reports the economy is on track for a 4% reduction in potential productivity due to Brexit, aligning with long-term predictions of a 15% decline in trade.

That's it for today, guys! Click on ❤️if you liked our review, and see you soon!

➡️ TRADE WITH FBS
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👉🗽🕛 US500 Outlook!

📊 US500 is currently testing the lower border of the rising wedge and the 5090 support level, with the 200-day moving average (200-MA) also lending support.

🔼 Should US500 rebound from the lower trendline, a rise to the 5150 level is anticipated;
🔽 Conversely, a break through the trendline and consolidation below the 5090 support could trigger a decline to the 5040 level.

😺 Do you agree? Share your opinion in the comments👇

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👉🇪🇺🇻🇦👈EURUSD Analysis!

👀 On the H4, EURUSD is in a short-term uptrend; the price is in a resistance area, creating two possible scenarios.

🔼 If the price overcomes the resistance at 1.0910, we can expect a rise to 1.0970, corresponding to 61.8 Fibonacci;
🔽 However, a rebound from resistance could send EURUSD down to the lower trendline to support at 1.0860.

❓What do you think the EURUSD is bullish or bearish today? Share your opinion in the comments👇

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#InstrumentOfTheWeek

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🎉 Amazing Update: this week, we offer an incredible deal, cutting Platinum spreads by 50%!!! This is an excellent chance for you to trade at exceptionally favorable conditions!🎉

🚀 Trading Boost: we have prepared a detailed technical analysis on Platinum to give you a strategic advantage in your trades.

📈 On the H4, Platinum formed a falling wedge pattern, and the price broke the upper trend line and rushed upwards. Also, the price broke 915.00, which confirms further growth.

🔼 Trade: Buy Platinum
🎯 TP: 940.00

Smash ❤️if you are going to trade Platinum today!

➡️ TRADE WITH FBS
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👉🥇🇻🇦🚀👈XAUUSD Forecast!

☕️ Dear traders, brew some tea and prepare for FBS analysts' long-term forecast❗️

⭐️ In the 1-month timeframe, XAUUSD formed a 'Cup and Handle Pattern", which signals bullish momentum.
The asset has already broken above the resistance line and rushed to the top:

😵 Target 1: TP 2300.00;
😵 Target 2: TP 2500.00.

😶‍🌫️ Do you believe the target will be achieved during 2024?

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@fbsanalytics

#MarketNews

☀️Happy Friday, dear traders! Look at the major news on this week's last trading session!

☄️ Federal Reserve Chair Jerome Powell indicated the Fed is nearing the confidence required to reduce interest rates, contingent on more evidence that inflation is consistently moving towards the 2% target.

📣 Google (#GOOGLE) has established its first cybersecurity base in Tokyo, the Asia-Pacific region, aiming to bolster cyber countermeasures. Google stock is up 2.27% today.

🇪🇺 Bundesbank President Joachim Nagel anticipates a possible interest rate cut by the European Central Bank before the summer break, contingent on economic data.

✈️ Boeing (#BA) is overhauling its employee bonus structure to prioritize safety and quality. The company's stock is up 1.08%.

🛢 Oil prices increased due to rising demand from the world's largest consumers, the United States and China, alongside optimistic signals from the US Federal Reserve.

🎮 Alibaba's Lingxi Games announces a leadership change, with the current management stepping down to allow a younger team of executives to take over. Alibaba (#ALIBABA) shares were down 1.59%.

🇨🇳 China's electric vehicle sales growth slowed in the first two months of the year compared to the same period in 2023 amid intensifying competition and consumer concerns over EV battery performance in cold weather.

🥇 Gold is on track for its best weekly performance in five months and is hitting record highs as comments from Federal Reserve Chairman Jerome Powell support expectations of a mid-year interest rate cut.

❓ How was your trading week? Share your opinion in the comments!

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👉🥇🇻🇦🚀👈XAUUSD is flying up!

📈 Gold is rapidly growing and has already overcome the historical maximum. Not so long ago the price held above the 161.8 Fibonacci level and is testing the resistance.

🔼 Trade: Buy XAUUSD on a breakout above 2165
🎯 TP: 2193

Smash 👍 if you will trade this setup!

➡️ TRADE WITH FBS
@fbsanalytics

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👉💡▶️⏩XAGUSD Outlook!

⚡️ XAGUSD is in a short-term uptrend, and the price has hit the Fibonacci golden pocket. Despite the rapid rise, the RSI is almost 72, signaling overbought.

🔼 If XAGUSD breaks the resistance of 24.500, the upside is expected to reach the 25.000 level;
🔽 But if silver bounces off the resistance, it will fly down to 24,000 and 23,450 levels.

❓Are you bullish or bearish on XAGUSD? Share your thoughts in the comments👇

➡️ TRADE WITH FBS
@fbsanalytics

#TradeIdea

👉🗽🕛US500 Update!

⭐️ US500 has been in a long-term uptrend for several months, and the price continues to rise. A minor correction to the trend line and further growth are possible as part of further growth.

🔼 Trade: Buy US500 on a breakout above 5170
🎯 TP: 5253

Smash ❤️ if you are bullish on US500!

➡️ TRADE WITH FBS
@fbsanalytics