#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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#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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👋 Greetings, fellow traders!

🤯 Today's US GDP and Unemployment Claims reports are expected to increase market volatility.

🧠 Don't forget to implement stop losses in your trades for risk management!

🤞 Wishing you all the best from the FBS team!

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👉💡▶️⏩UsDollar Update!

💲 On the H4 chart, the UsDollar is currently within a descending channel, approaching its upper boundary. Additionally, the RSI oscillator has crossed above 50, indicating further bullish sentiment.

Prepare for potential declines in EURUSD and GBPUSD, while USDCAD, USDJPY, and USDCHF may see upward movement.

🔼 Trade: Consider buying USDCAD, USDJPY, and USDCHF;
🔽 Trade: Consider selling EURUSD and GBPUSD.

🤔 What do you think about whether the bull run has ended? 💬

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#MarketNews

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

🇺🇸 US economic growth slowed to 1.6%, below expectations, while core inflation accelerated to 3.7%, complicating the Federal Reserve's efforts to achieve a soft landing.

🇪🇺 ECB Governing Council member Fabio Panetta warned that without timely interest rate cuts, the Eurozone might need to resort to ultra-low rates later to avoid economic stagnation and falling inflation expectations.

🇨🇳 Chinese stocks in Hong Kong surged, with the HK50 index rising 2.20% today. This was buoyed by optimism over a reported $278 billion government stimulus package to stabilize the economy.

🇯🇵 The yen hit a new 34-year low as the Bank of Japan maintained its key interest rate despite ongoing warnings about the currency's rapid weakening.

👀 Google's parent company announced its first-ever dividend and exceeded expectations in sales and profits, leading to a significant rise in share prices. Google (#GOOGLE) shares are down 1.97%.

➡️ Microsoft's results surpassed Wall Street targets, driven by significant gains from AI investments across its cloud services. Microsoft's stock (#MICROSOFT) is down 2.45% today.

☄️ Gold prices rose slightly due to weak US economic data, with investors awaiting further cues from upcoming PCE inflation figures.

🇹🇷 The Central Bank of Turkey maintained its key interest rate at 50%, committing to continue its strict monetary policy until inflation significantly and sustainably reduces.

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

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👉🇪🇺🇻🇦👈EURUSD Technical Analysis!

⚡️ On the H2, EURUSD is in a short-term uptrend; the price tests the upper trend line. The price is above the MA200, which could be a bullish signal, but the %R shows a huge overbought.

🔼 A break of the trend line and a rise above the resistance at 1.0740 could open the way for a rise to 1.0780;
🔽 A bounce from the trend line and a fall below 1.0730 support would take the price down to 1.0690;

Hit 🔥 if you are going to trade EURUSD today! Share your trades in the comments👇

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👉🥇🇻🇦👈XAUUSD Outlook!

🥇 XAUUSD is testing the 2346 resistance level aligned with the 38.2 Fibonacci ratio, with additional resistance from the 200-MA. The RSI oscillator indicates a bearish divergence, suggesting a potential bearish sentiment.

🔼 A breakthrough above 2346 could lead to a rise towards 2378;
🔽 Conversely, a rejection at the resistance may trigger a bearish momentum, targeting a decline to 2300.

❓ What's your forecast for XAUUSD? Share your thoughts in the comments below! 👇

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