#MarketNews

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

❌ China is calling on the US to stop increasing tariffs on Chinese goods. According to the Ministry of Commerce, in response, China plans to protect its own interests.

🗺 The IMF warns that the US budget deficit fuels inflation and poses "significant risks" to the global economy.

🌐 Bostic of the Federal Reserve suggests that the Fed won't be able to lower rates by the end of the year. Previously, Bostic indicated expecting only one rate cut from the Fed this year. The UsDollar is currently trading at 106.161.

🎬 Netflix shares fell to 610.88 after a strong earnings report. The company announced that starting in 2025, it will no longer disclose the number of paid subscribers. Despite this, Netflix beat earnings forecasts, increasing the number of subscribers by 16%.

✈️ According to Nikkei, Boeing aims to enter the Asian market with "flying cars" by 2030. Meanwhile, Boeing's shares consolidate at 169.39.

🛢 According to the IMF, Saudi Arabia requires an oil price of around $100 to balance its budget. Meanwhile, the XBRUSD dropped to 87.52.

💥 Asian stocks, led by the Japanese Nikkei, are falling, with a decline of -3.5%, driven by increased tensions in the Middle East. The JP225 dropped to 37228.

🤖 Meta has launched a free updated AI assistant on its platforms. Meanwhile, #META is currently trading at 501.67.

🇨🇳 China's fiscal stimulus is becoming less effective and is increasingly seen as a strategy to buy time for industrial and consumption policies. Meanwhile, the HK50 dropped to 16194.

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

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👉🇪🇺🇻🇦👈EURUSD Outlook!

💸 EURUSD is in a long-term bearish trend, but now the price is consolidating and testing the resistance area.

🔼 If the price breaks above the resistance at 1.6500, a rise to 1.0690 is possible;
🔽 Another bounce from the resistance will send the price down to the support at 1.0600;

❓ Are you buying or selling EURUSD? Share your opinion👇

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👉💡▶️⏩ US30 Update!

👀 On the H2 chart, US30 is in a long-term downtrend, having recently rebounded from the 37340 support level and the channel's lower border.

🔼 If US30 manages to break above the resistance at 37670, bullish momentum could drive it towards 38100;
🔽 However, a corrective rebound might push the asset toward the 37340 support level.

❓Do you anticipate a bullish or bearish move? Share your thoughts in the comments below. 👇

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👉🇦🇺🇻🇦👈AUDUSD May Drop!

⚠️ On the H1, AUDUSD is in a bearish trend; the price reached the trend line and bounced. MA200 signals the continuation of the downward movement.

🔽 Trade: Sell AUDUSD on a breakout below 0.6400;
🎯 TP: 0.6360;

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👉🥇🇻🇦👈XAUUSD Analysis!

⭐️ On the H2 timeframe, XAUUSD formed an ascending triangle pattern. It is currently testing the crucial 2375 support level and facing the trendline.

🔼 A corrective rebound from 2375 could push the price to the 2400 resistance zone;
🔽 Conversely, breaching below the trendline will open the path to the 2328 and 38.2 Fibonacci.

🥇 What's your perspective? Bullish or bearish on XAUUSD? 👇

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✅ Happy Friday, traders! 🎉

😨 What a wild week of macroeconomic news it was 💸

➡️ Share your wins and predictions for the next ride. Let's chat in the comments! 💬

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#meme

🎉Happy Saturday, traders! 🎉

✅ Remember to get some rest before the new trading week!

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#LiveStreamAlert

⭐️ Happy Sunday, Traders! ⭐️

⏰ Mark your calendars! Join our Weekly Outlook Stream Featuring the Upgraded FBS App with Adetola Freeman!

📆 Tune in on 22.04.2024 at 16:00 GMT+3 (MetaTrader time). Adetola Freeman from FBS will provide expert insights and in-depth analysis to prepare you for the week ahead in the financial markets.

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#MarketNews

✋Good morning, dear traders! This Monday, let's closely examine today's essential news and analyze the upcoming significant events.

📆 Economic calendar

The time zone is GMT+3. Check your time zone here: https://www.timeanddate.com/time/map/

Monday
1️⃣ EUR 18:30, ECB President Lagarde Speaks

Tuesday
1️⃣ EUR 10:15, French Flash Manufacturing PMI
2️⃣ EUR 10:30, German Flash Manufacturing PMI
3️⃣ GBP 11:30, Flash Manufacturing PMI
4️⃣ USD 16:45, Flash Manufacturing PMI
5️⃣ USD 16:45, Flash Services PMI

Wednesday
1️⃣ AUD 4:30, CPI q/q
2️⃣ AUD 4:30, CPI y/y

Thursday
1️⃣ USD 15:30, Advance GDP q/q
2️⃣ USD 15:30, Unemployment Claims
3️⃣ USD 17:00, Pending Home Sales m/m

Friday
1️⃣ JPY 6:00, BOJ Policy Rate
2️⃣ JPY 9:30, BOJ Press Conference
3️⃣ USD 15:30, Core PCE Price Index m/m
4️⃣ USD 17:00, Revised UoM Consumer Sentiment

📰 News to keep you updated:

💬 Former Fed Chair Ben Bernanke proposes scenario analysis for central banks as the Fed's traditional forecasting method struggles with economic surprises and outdated predictions.

🇪🇺 Francois Villeroy de Galhau of the ECB confirmed that oil price uncertainties would not deter a planned interest rate cut in June, with adjustments possible based on external shocks.

📉 April could be the worst month for the S&P 500 since 2022, and last week was the worst for the NASDAQ since the same year, both affected by rising bond yields due to inflation concerns.

⚡️ Gold prices retreated as tensions in the Middle East eased and traders anticipated upcoming US economic data that could influence Federal Reserve monetary policy.

🚗 Elon Musk's push for Tesla's robotaxi amidst his most extensive layoffs and a stock slide has deprioritized a cheaper electric car, adding to the chaos at Tesla. Tesla (#TESLA) stock is down 1.92% again.

🛢 Oil prices fell after two weeks of losses amid tensions in the Middle East and new US sanctions against Iran.

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

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👉🇻🇦🇨🇦👈USDCAD Analysis!

👀 On the H2, USDCAD broke below a head-and-shoulders pattern and is now testing the neckline. 100-MA adds an extra layer of resistance for the asset.

🔼 If USDCAD breaks above the 1.3740 resistance, it could target 1.3790;
🔽 Conversely, the asset may retreat to 1.3690 and 1.3610 support levels in a corrective rebound.

❓ Are you on the bullish or bearish side? Share your opinion in the comments.👇

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👉🇻🇦🇯🇵👈USDJPY Update!

💴 USDJPY is consolidating near the resistance area corresponding to the 361.8 Fibonacci level after a prolonged rise. Indicators signal a possible continuation of the bullish trend, but the price may rebound again.

🔼 If the price breaks above the resistance at 154.800, it will open the way to 155.900;
🔽 A rebound from the resistance will drop USDJPY back to 153.700;

❓Do you expect a bullish or bearish move? Share in the comments👇

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👉🥇🇻🇦👈XAUUSD Outlook!

🥇 In the H1 time frame, XAUUSD has recently broken below its trendline and is now testing a significant support level of 2360.

🔼 If XAUUSD rebounds from the 2360 support, it could propel the asset to 2400;
🔽 Conversely, if the price successfully breaks below the support, the asset may drop to 2328 and the 38.2 Fibonacci ratio.

❓ Are you bullish or bearish on XAUUSD? Share your thoughts! 💬

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👉🇦🇺🇨🇦👈All Eyes on AUDCAD!

🔥 On the H1, AUDCAD has formed a descending channel pattern, and the price has reached the upper trend line. Indicators are giving mixed forecasts, creating two possible scenarios:

🔼 If the price breaks the trend line and rises above the resistance at 0.8840, the upside is possible to 0.8880;
🔽 However, in case of a bounce from the trend line, AUDCAD will continue to fall to the support at 0.8800;

❓What do you think the AUDCAD is bullish or bearish today?

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#MarketNews

☀️ Happy Tuesday, dear traders! Let’s discuss the most exciting news for the beginning of the week:

📉 UBS downgraded "Big Tech" stocks to neutral from overweight, while Goldman started urging profit-taking in tech stocks in early April. US500 trades at 5013.

🌐 BlackRock increased the BTC on its balance sheet to 273596 BTC for its spot BTC-ETF, up from 272844 BTC. BTCUSD rose to 66530.

⬆️ Goldman Sachs has upgraded its forecast for US GDP growth in the first quarter of 2024 to +3.1% from +2.5%. Meanwhile, the UsDollar has risen to 106.190.

🏠 The number of closings in the US commercial real estate market has surged to a 10-year high. Earlier, Powell stated that the market would be challenging for the next few years.

🎯 UBS upgraded Chinese stocks to Overweight. Throughout April, major investment firms have been racing to raise their forecasts for the Chinese economy. HK50 rose to 16787.

🇹🇼 Over the past day, Taiwan experienced over 200 earthquakes. Earlier, TSMC partially suspended production in Taiwan due to earthquakes. #TSM shares dropped to 129.75.

🥇 Gold dropped by -2.8% yesterday, marking its steepest daily decline in almost 2 years. The reduction in geopolitical risks is diminishing demand for safe-haven assets. XAUUSD dropped to 2300.

🇯🇵 The Bank of Japan (BOJ) indicated that if inflation reaches its forecasted 2%, they will likely raise short-term interest rates. They anticipate reaching the inflation target by March 2026. In response, the JP225 dropped to 37568.

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

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