#MarketNews

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

⚡️ China is preparing to retaliate against the European Union's proposed tariffs on electric cars by targeting European exports like brandy, pork, and vehicles, particularly affecting France, Spain, and Germany.

☄️ Over 80% of central banks expect to increase global gold reserves next year amid rising dollar pessimism, with nearly 30% planning to add to their own reserves, including 13% from advanced economies.

🇨🇳 Chinese banks kept the one-year prime rate at 3.45% and the five-year prime rate at 3.95% for the 10th consecutive month, following the PBOC's cautious stance amid pressure on the yuan.

🚗 European car sales dropped 2.6% in May as buyers delayed purchasing expensive EVs amid high interest rates.

🇬🇧 The Bank of England is expected to delay rate cuts until November due to high inflation and the upcoming election, keeping the rate at a 16-year high of 5.25%.

🇳🇿 New Zealand's economy exited recession with a 0.2% GDP gain in the first quarter, though per-capita GDP declined for the sixth consecutive quarter.

💰 Australia's leading stock exchange launched its first Bitcoin ETF, the VanEck Bitcoin ETF, with A$990,000 in assets, following a surge in investor interest in cryptocurrency markets.

🛢 Brent oil prices remained stable as the market weighed the Middle East geopolitical tensions and awaited US inventory data showing a 2.264 million barrel rise in crude stocks.

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

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👉🇻🇦🇨🇭👈USDCHF Update!

🇨🇭USDCHF formed a descending wedge pattern during the long-term decline. After the key SNB rate was published, the price reached the upper trend line and Momentum rose above 100.0, but the bearish sentiment is still strong.

🔼 If the price breaks the trend line and resistance at 0.8890, it will rise to 0.8960 and 0.8990;
🔽 A rebound from the trend line will lead USDCHF down to 0.8830 support;

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

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👉💡▶️⏩XAGUSD Outlook!

🥈 On the H4, XAGUSD formed a descending channel pattern. The price reached the upper trend line, testing the resistance area. Despite the solid bullish sentiment, the %R indicates overbought.

🔼 If Silver breaks the upper trend line and resistance at 30.500, a bullish trend to 31.500 will start;
🔽 A rebound would bring XAGUSD back to 29.400 and then to 29.000;

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

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👉🇻🇬🇻🇦👈GBPUSD Technical Analysis!

💸 On the H2, GBPUSD formed a descending triangle pattern after a long-term rise. Although the pattern is a classic bearish, and MA200 and MA50 also indicate bearish sentiment, DeMarker has dropped to a critical low.

🔽 If the price falls below 1.2670, a bearish scenario of 1.2610 corresponding to 161.8 Fibonacci will start;
🔼 A break of the trend line and a rise above 1.2690 will open the way to 1.2740;

Click on 👍 if you buy GBPUSD. Hit ❤️ if you sell!

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#MarketNews

☀️Happy Friday, dear traders! This week was intense, and we hope you enjoyed it! Let's take a look at our end-of-week news!

☄️ Wall Street's $5.5 trillion triple-witching event on Friday, involving the expiration of options tied to indexes, stocks, and ETFs, is expected to test market stability and potentially increase volatility.

🇯🇵 Japan's services activity contracted in June for the first time in nearly two years, with the services index dropping to 49.8 from 53.8 due to higher input costs.

🇨🇦 Canada is preparing potential tariffs on Chinese electric vehicles to align with the US and EU, addressing concerns over China's overcapacity and its impact on local industries.

🇨🇳 The People's Bank of China managed the yuan's decline by setting a stronger-than-expected daily reference rate as the currency fell to its lowest since November.

🇩🇪 German Vice Chancellor Robert Habeck heads to Beijing for talks with Chinese leaders, focusing on avoiding trade tensions over proposed EU tariffs of up to 48% on Chinese electric vehicles.

🍔 McDonald's launches a $5 value meal to attract budget-conscious consumers amid a 40% price increase since 2019, aiming to stay competitive in the fast-food market. McDonalds (#MCDONALDS) shares are up 1.20%.

💬 Amazon is close to finalizing a deal with Banco Santander to offer European consumer financing options, starting in Germany. Shares of Amazon (#AMAZON) are up 1.80%.

👀 Nvidia’s shares, up over 1,000% since October 2022 and valued at $3.2 trillion, leave investors debating whether to cash in or buy more amid soaring AI-driven growth. Nvidia (#NVIDIA) stock is down 3.54% today.

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

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👉🇻🇬🇻🇦👈GBPUSD Analysis!

⚡️ After a long rise, GBPUSD started to fall and formed a falling wedge pattern. Despite the bearish sentiment, this pattern is a classic reversal one and the price has reached the 38.2 Fibonacci support level.

🔽 If the bears push the price below the 1.2640 support level, it will fall to 1.2580;
🔼 However, if the price breaks the upper trend line and breaks 1.2680, it will rise to 1.2730;

🤔 Are you with bulls or bears in this case? Write in the comments👇

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👉🥇🇻🇦🚀👈XAUUSD Looks Bullish!

☄️ On the H4, XAUUSD broke the trend line and reached an important resistance area. Considering the bullish sentiment and MA200, further rise can be expected, but %R indicates overbought and the possibility of a correction to the trend line.

🔼 Trade: Buy XAUUSD on a breakout above 2365 or a correction to the trend line and further upside;
🎯 TP: 2387;

Smash ❤️ if you trade XAUUSD today!

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👉🇻🇦🇯🇵👈USDJPY Outlook!

💸 On the H4, USDJPY broke the trend line in a long-term rally, but the price is testing it and critical resistance again. DeMarker indicates a significant overbought condition despite very strong bullish sentiment.

🔼 If the price breaks the resistance at 159.000, it will rise to ATH at 160.200;
🔽 In case of a bounce from the trendline, USDJPY will correct to support at 157.600;

📌Are you bullish or bearish on USDJPY?

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#networking

🎉 Meme Contest Alert! 🎉

🪩 Traders, get your meme game on! We're launching a Trading Meme Contest, and we want to see your funniest memes about trading!

📌 Here's how to participate:

🟢Create your meme and submit it in the comments below👇
🟢Vote for your favorites by liking the best memes! 👍
🟢The best meme will be published on the FBS Telegram channel! 🏆

👍 Let the memes begin! Get creative and may the best meme win!

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#meme

☀️ Have a Good Weekend, everybody!☀️

✅ Don't forget to have a great time and get energized before the new trading week! 🔋

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#calendar

⭐️ New week ahead for 🇺🇸USD and 🇨🇦CAD with the US final GDP and Canadian CPI reports coming up! Keep an eye out for crucial updates that could impact the markets!

❓What are you expecting from this trading week? Write in the comments👇

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#MarketNews

👋Good morning, dear traders! How are you? Let’s discuss the most exciting news for the beginning of the week.

☄️ The core PCE index is projected to rise just 0.1% in May, potentially allowing for interest rate cuts by September if minimal inflation changes continue.

🇫🇷 France's snap election creates economic uncertainty, pushing the risk premium on French bonds to its highest since 2012 at around 80 basis points above German bonds.

⚡️ Bond markets suggest high interest rates may persist, with the neutral rate projected at 3.6%, limiting Treasury bond gains and challenging significant rate cuts.

🇯🇵 Global investors are becoming cautious about Japanese stocks, with Citigroup noting a "material risk of correction" as foreign investors sell shares for the fourth consecutive week.

🇪🇺 The European Union will impose up to 38% tariffs on Chinese electric vehicles, citing unfair subsidies and economic threats to EU producers.

🍎 Apple Inc. withholds new AI technologies, including Apple Intelligence, iPhone Mirroring, and SharePlay Screen Sharing, from the EU market in 2024, citing security concerns over the Digital Markets Act. Apple (#APPLE) shares are down 1.04%.

💎 Despite briefly surpassing Apple and Microsoft in market cap, Nvidia remains relatively unknown. Its $3.1 trillion valuation and significant demand for AI chips are driving its rapid ascent. Nvidia (#NVIDIA) stock is down 3.22%.

🛫 US prosecutors recommend that the Justice Department bring criminal charges against Boeing for violating a 2021 settlement related to two fatal 737 MAX crashes. Boeing (#BA) shares are up slightly by 0.15%.

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

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👉🇪🇺🇻🇦👈EURUSD Outlook!

💸 On the H4, EURUSD has formed a descending channel in a long-term decline. The price has reached the upper trend line and is testing the resistance area, while the indicators are not giving clear signals.

🔼 If the bulls push the price above 1.0710 and break the trend line, the growth will go up to 1.0750 and further to 1.0780;
🔽 A rebound from the trend line and a fall below 1.0690 will continue the bearish momentum to 1.0640;

🔥 Are you buying or selling EURUSD? Write in the comments👇

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#InstrumentoftheWeek

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👉🇻🇬🇻🇦🚀👈GBPUSD: DeMarker Strategy!

⚡️ On the H4, GBPUSD formed a falling wedge, which is a bullish pattern. The DeMarker has risen to 0.300 and the Parabolic SAR indicates a possible upside given the trendline breakout.

🔼 Trade: Buy GBPUSD;
🎯 TP: 1.2730;

Smash ❤️ if you trade GBPUSD today!

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#LiveStreamAlert

🚀 Hello, Traders! 🚀

🎞 Join us for our Weekly Outlook Stream with Adetola Freeman today!

📆 Date: 24.06.2024
🕒 Time: 15:00 GMT+3

🔗 Watch live: https://www.youtube.com/watch?v=BkltxhvsEvQ

📝Adetola Freeman will provide expert insights and detailed analysis to prepare you for the upcoming week in the financial markets.

📈 Don't miss this opportunity to stay ahead! You'll gain valuable knowledge and actionable strategies for navigating the markets effectively.

🔗 Subscribe and set a reminder

🔥 See you there!

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👉🥇🇻🇦👈XAUUSD Outlook!

⚡️On the H4 chart, XAUUSD is currently moving within an uptrend line, encountering significant resistance around the 2325 zone. Possible scenarios include:

🔼 If XAUUSD breaks above the 2325 level, it will propel the asset to 2350;
🔽 However, if the price bounces from the resistance, it may trigger a decline to 2290.

Smash ❤️ if you trade XAUUSD today!

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🟢 Live Now! 🟢

☄️ Adetola Freeman is now trading, delivering real-time insights and expert trading knowledge!!!

➡️ Join here: https://www.youtube.com/watch?v=BkltxhvsEvQ

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