#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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#MarketNews

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

🤖 Insiders have recently ramped up sales of Nvidia shares, with the CEO selling 240 000 shares. As a result, NVIDIA shares dropped to 118.07.

🌐 According to Compound, the top 5 stocks in the S&P 500 now make up a record 27% of the index. The US500 corrected to 5463.

🇪🇺 Options markets are betting in favor of a weaker euro against the US dollar due to the upcoming French parliamentary elections on June 30. Currently, EURUSD has risen to 1.0734.

🇯🇵 Bloomberg reports that markets expect the yen to weaken against the dollar, potentially reaching 170. The Bank of Japan warns of intervention if fluctuations continue. USDJPY corrected to 159.400.

🇺🇸 The US Leading Economic Index has fallen by 14.7% from its cycle peak, a drop seen only during recessions in the last 65 years. The US Dollar dropped to 105.43.

🇨🇳 Official data reveals that China's foreign direct investment declined again in May, marking 12 consecutive months of decreases. HK50 has dropped to 18 000.

🥇 BofA stated that gold could surge to $3000 if major institutional investors boost demand and the Fed cuts rates. XAUUSD is currently trading at 2325.

💸 Bitcoin has dipped below $60 000 amidst decreased demand for Bitcoin ETFs and uncertainties surrounding cryptocurrency regulations. Currently, BTCUSD has corrected to $61 000.

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

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👉🇻🇦🇨🇭👈USDCHF Update!

🔥 On the H4, USDCHF formed a descending channel pattern in the short-term trend. The price has reached the upper trend line, testing the critical resistance.

🔼 If the trend line is broken and the price rises above 0.8940, it will go up to 0.8990;
🔽 If the trend line bounces and falls below the support at 0.8920, USDCHF will continue to decline to 0.8880;

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

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👉🥇🇻🇦🚀👈XAUUSD Looks Bullish!

💡 DeMarker System Strategy setup is on the chart!

⚡️ On the H1, XAUUSD has rebounded from the 2325 support zone and is continuing its upward movement. The parabolic SAR pointed below the candle and started rising, while the DeMarker oscillator breached above the oversold zone, giving us a bullish sentiment.

🔼 Trade: Buy XAUUSD;
🎯 TP: 2350.

Smash ❤️ if you buy XAUUSD today!

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#TradeIdea

👉🇪🇺🇻🇦🛸👈EURUSD Opportunity!

⚡️ On the H4, EURUSD has formed a descending channel pattern in a long-term downtrend. Price bounced off the upper trendline and fell below the 61.8 Fibonacci support, with Momentum falling below 100.0.

🔽 Trade: Sell EURUSD;
🎯 TP: 1.0680;

Smash 👍 if you trade EURUSD today!

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#MarketNews

☀️ Happy Wednesday, dear traders! Today, June 26, we're bringing you the day's most thrilling news highlights:

🇪🇺 ECB's Olli Rehn considers market expectations of two more rate cuts in 2024, potentially lowering the deposit rate to 2.25%, as reasonable.

🇨🇳 Economists raised China's 2024 GDP growth forecast to 5% and export growth to 4.3%, citing improved exports despite risks from weak domestic spending and trade tensions.

📈 Nvidia's stock (#NVIDIA) surged 6.8%, its best rebound in three years, after a three-session 12.9% decline. It ranks second in the S&P 500.

⚡️ The Bank for International Settlements says central banks must use AI for real-time data and better inflation prediction but should not replace humans in setting rates.

🇨🇦 Canada's May CPI rose to 2.9% year-over-year, beating the 2.6% estimate. This reduced the Bank of Canada's July rate cut odds to 52%.

🇯🇵 Traders say Japan is unlikely to intervene in the yen's decline before Friday's US PCE data, despite the yen's 12% drop against the dollar this year.

⛽️ The global LNG market faces supply risks from Russian sanctions, aging plants (25% are over 20 years old), shipyard bottlenecks, and a US licensing pause that could potentially delay 70 million tons of new capacity.

📦 FedEx (#FDX) shares jumped over 15% after hours as $4 billion cost-cutting measures led to better-than-expected fiscal Q4 earnings and revenue.

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

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