#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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👉💡▶️⏩XAGUSD Outlook!

⚡️ XAGUSD targets the crucial 26.40 support zone, aligned with the golden Fibonacci ratio. The 50-MA crossing below the 100-MA indicates bearish momentum for the asset.

🔼 If XAGUSD rebounds from the 26.40 support, it could rally towards a target of 27.80;
🔽 However, if silver surpasses the golden Fibonacci ratio, it may pave the way to 25.20.

❓ Do you agree with FBS analysts? Let's discuss it! 💬

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👉🥇🇻🇦👈XAUUSD in Spotlight!

🌟 XAUUSD fell strongly after reaching the historical high and is holding near the support area. RSI is signaling a solid oversold condition, and MA200 gives a bearish signal.

🔽 A break below the 2300 support level will take gold down to 2270;
🔼 However, a bounce off the support will bring XAUUSD back to the 2330 resistance;

☄️Will Gold fall or rise? Write in the comments🔽

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👉💡▶️⏩ETHUSD Update!

📊 On the H1, ETHUSD formed an ascending channel pattern after a substantial fall. The indicators give mixed signals, with the price reaching the lower trend line.

🔽 If the trend line is broken and falls below the support at 3160, the reversal will take place with a target of 3060;
🔼 If there is a rebound, buying Ethereum up to the resistance of 3260 can be considered;

🤔 Do you think the bullrun is over or not? Share your opinions in the comments👇

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👉🇪🇺🇻🇦🚀👈EURUSD is Bullish!

💸 The EURUSD pair has successfully breached above and retested the upper border of the symmetrical triangle. A breakout above the important 1.0680 resistance level will signal a bullish momentum for the asset:

🔼Trade: buy EURUSD on a breakout above the 1.0680;
🎯TP: 1.0700, 1.0730;

Smash ❤️ if you trade EURUSD today!

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#MarketNews

👋Hello, dear traders! Today is Wednesday, April 24, 2024. It is time to explore what is happening in today's financial world:

📈 Chinese speculators are driving a rally in gold prices, with long positions on the Shanghai Futures Exchange up 50% since the end of September 2023 and a record bullish position recorded this month.

🔥 Despite uncertain inflation data, Goldman Sachs remains optimistic about stocks, citing the Fed's flexibility to lower rates if needed.

🚗Tesla Inc. (#TESLA) is advancing the production of more affordable cars this year, earlier than planned, in response to weak demand and disappointing quarterly results, sparking a 13% surge in its stock price.

🇨🇳 Despite potential tariffs, buyers at China's Canton Fair are confident in continuing Chinese exports due to competitive prices and advantages over Asian rivals.

🇦🇺 Australia's first-quarter inflation cooled less than anticipated, primarily due to high service costs, leading to a market shift that erased expectations for rate cuts this year.

⚡️ Gulf states strategically invest their oil revenues to diversify their economies and boost global influence, but they need help aligning their economic strategies with complex political realities.

🍏 IPhone sales in China dropped 19% in the first quarter, the worst since 2020, as Apple fell to third place in a competitive market. Apple's (#APPLE) stock is up 0.59% today.

💰 Binance: This Bitcoin halving cycle is unique. Record highs were reached before the event, coinciding with significant developments such as increased spot ETF demand.

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

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👉💵🇻🇦👈XBRUSD Technical Analysis!

📈 XBRUSD is very volatile amid geopolitical tensions. Brent is testing the 38.2% Fibonacci level, and indicators give mixed signals, creating two possible scenarios.

🔼 If the price breaks above the resistance of 87.50, the growth will be to the level of 89.00;
🔽 A rebound from resistance could drop the XBRUSD price to support at 86.20;

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

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👉💡▶️⏩BTCUSD Update!

💰 BTCUSD is in an uptrend and testing the crucial support zone at 66200, aligned with the 50.0 Fibonacci ratio. The 200-MA adds an extra layer of support for the asset.

🔼 If BTCUSD rebounds from the support, it will propel the asset to 68000;
🔽 Conversely, a break below 66200 may trigger a decline towards the 64600 support.

❓ What's your outlook on the crypto market? Share your insights below! 💬

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👉🇪🇺🇻🇦👈All Eyes on EURUSD!

💸 On the H1, EURUSD has formed an expanding wedge pattern. Despite the bounce from the trendline, the price is consolidating, and the %R is signaling a solid oversold condition.

🔼 If the price overcomes the resistance at 1.0690, it will rise to 1.0730;
🔽 Conversely, EURUSD falling below the 1.0680 support will make 1.0630 a target;

❓ Do you trade EURUSD today? Write in the comments👇

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Expo alert! ⚡️

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🇿🇦Our Team will be at FMAS 24 from May 21 to 22 in Johannesburg, South Africa, leading expert conversations and sharing the latest news from our brand.

🗣You can find us at booth no. 27 throughout the entire event. Also, be sure not to miss our appearances on Center Stage and at the Trader Zone on Day 2.

💚Stay tuned for more updates and save the date to attend FMAS 24 with FBS!

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#MarketNews

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

🤖 Nvidia is nearing the completion of its acquisition of Run AI, an AI infrastructure management platform, in a deal valued at approximately $700 million. Despite this, Nvidia stocks dropped to 796.51.

🌐 BlackRock increased its BTC holdings to 274 462 BTC for its spot BTC-ETF, up from 273 892 BTC. However, BTCUSD dropped to 64,180 in response.

❌ Joseph Biden has officially signed a bill banning TikTok unless its parent company, ByteDance, decides to sell the platform.

🛫 Moody's downgraded Boeing's rating to Baa3 from Baa2 with a negative outlook. #BA shares fell to 164.40.

🇯🇵 Japan's Finance Ministry watches the yen's exchange rate closely and stands ready to act if necessary. After the recent Bank of Japan meeting, BofA sees a higher chance of intervention. USDJPY climbed to 155.66.

🇪🇺 Europe tightens crypto regulation: A new law mandates crypto firms collect more user data, monitor non-custodial wallets closely, and ban anonymity tools like crypto mixers and anonymous tokens.

📈 Deutsche Bank's Q1 profit surged by 10%, surpassing expectations. Despite this, #DB stocks fell to 15.30.

🖥 #META's earnings beat expectations but forecasted weakly. Market cap shrank by $200B as Zuckerberg highlighted current and future expenses. #META dropped to 493.71.

🇦🇺 The Australian dollar strengthens as stronger inflation data bolsters hawkish sentiments towards the RBA's monetary policy stance. AUDUSD rose to 0.65180.

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

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👉🇻🇦🇨🇭👈USDCHF Key Point!

🇨🇭USDCHF formed an ascending triangle, but the price bounced off the resistance. MA50 and MA200 are bullish, but a decline is still possible.

🔼 If the bulls take the price above 0.9150, the upside potential is up to 0.9250;
🔽 A break of the trend line and a fall below MA50 will start the decline towards 0.9060;

⁉️ Do you buy or sell USDCHF today? Share your opinion in the comments👇

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👉🇻🇦🇨🇦🛸👈USDCAD is going down!

📉 On the H2, USDCAD declined below the 1.3690 support level. Parabolic SAR shows a bearish signal with the point above the price, and the DeMarker indicator crosses below the 0.700 level, adding to the bearish sentiment.

🔽 Trade: Sell USDCAD
🎯 TP1: 1.3610

Hit 👍 if you agree with the FBS analysis!

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👉🥇🇻🇦👈XAUUSD Outlook!

☄️ XAUUSD has been consolidating for a long time and is near a strong resistance. Williams' %R shows that Gold is extremely overbought. Also, the price is between MA200 and MA50.

🔼 If the price overcomes the resistance of 2330, we can expect a rise with the target of 2360;
🔽 However, a bounce off the resistance and a drop below the 2325 support will send XAUUSD down to 2300.

❓ Are you expecting Gold to rise or fall? Write in the comments👇

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