#MarketNews

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

🛢 Kuwait has discovered a major light oil and gas field, which Kuwait Oil Co. considers a turning point for the country. XBR/USD trades at 84.32.

🌐 XRP surged 20% over the weekend amid speculation that the SEC will soon drop its case against Ripple. XRPUSD has risen to 0.5308.

🌐 Alphabet is in talks to acquire cybersecurity startup Wiz for $23 billion. Google shares have risen to 185.06.

✂️ Positive macroeconomic sentiment is emerging amid slowing US inflation. The market estimates a 95% probability of a Fed rate cut in September. The US Dollar consolidates at 104.160.

🇩🇪 The German government has completed the sale of 50 000 BTC, which did not lead to a significant drop in the cryptocurrency's price. BTCUSD has risen to 62 928.

🇨🇳 China's Q2 GDP fell below expectations, marking the weakest economic growth in five quarters. The focus is now on the 20th National Congress of the Communist Party of China. HK50 has dropped to 17,981.

🌐 According to JPMorgan, asset managers and hedge funds have increased their long positions in US stock index futures to a 10-year high. The US500 trades at 5636.

🔫 Saturday's assassination attempt on Trump is expected to cause higher volatility in global markets Monday, compounded by reduced liquidity as Japanese markets will be closed for a national holiday.

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

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👉🇪🇺🇻🇦👈EURUSD Analysis!

💸 On the H4, EURUSD is in an uptrend and navigates within an ascending channel. The MFI indicates overbought conditions, giving us a potential bearish sentiment.

🔼 If the bulls push the price above the resistance at 1.0890, the target will be 1.0920;
🔽 Otherwise, a correction rebound will trigger a decline to 1.0840 support.

Click ❤️ if you buy EURUSD. Hit 🔥 if you sell!

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👉🥇🇻🇦👈XAUUSD Analysis!

☄️ On the H4, XAUUSD has formed an ascending channel pattern, and the price has reached the critical resistance area of 161.8 Fibonacci. Despite the extremely bullish market sentiment, a correction to the lower trend line is also possible.

🔼 If the bulls push the price above the 2415 resistance, Gold will reach 2440;
🔽 However, if XAUUSD bounces off resistance, it will fall to the lower trend line to 2390;

Hit 👍 if you sell XAUUSD. Click ❤️ if you buy it!

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👉🇪🇺🇻🇦🚀👈EURUSD Forecast!

⚡️ In the Daily timeframe, EURUSD broke the global trend line after volatility in an upward movement and overcame the critical area at 1.0900. In this case, after the US CPI release, the beginning of a long-term bullish trend is possible.

🔼 Trade: Buy EURUSD on a breakout and consolidation above 1.0920;
😵 TP1: 1.1000;
😵 TP2: 1.1100;

❓ Do you agree with the forecast? Write your opinion in comments⬇️

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#LiveStreamAlert

🚀 Hello, Traders! 🚀

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

📆 Date: 15.07.2024
🕒 Time: 16:00 GMT+3

🔗 Watch live: https://www.youtube.com/watch?v=mYPmCRVKV7E

📝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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🟢 Live Now! 🟢

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

➡️ Join here: https://www.youtube.com/watch?v=mYPmCRVKV7E

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#MarketNews

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

☄️ Federal Reserve Chair Jerome Powell stated that recent economic data has increased confidence that inflation will reach the 2% target, potentially allowing interest rate cuts soon.

🥇 Gold edged closer to a record high, trading just below $2,430 per ounce, as traders bet on three US Federal Reserve interest rate cuts this year.

🇳🇿 New Zealand's slowing inflation, with a Q2 annual rate of 3.4%, below the central bank's 3.6% forecast, may prompt the Reserve Bank to consider interest rate cuts soon. NZDUSD is currently trading at 0.6057.

🇨🇳 China's central bank injected 674 billion yuan ($93 billion) into the banking system, the most since January, to ensure liquidity amid tax payments and heightened focus on policy rates during the Third Plenum.

⛽️ This summer's heatwave has pushed Asia's LNG prices, the highest since December 2023 and 1.5 times higher than early March.

🇯🇵 Japan reiterated its readiness to counter excessive yen volatility, warning against sharp falls after suspected interventions totaling 3.57 trillion yen ($22.51 billion) briefly boosted the yen by 3% to 157.40 per dollar.

✂️ Salesforce cut 300 jobs to streamline operations, reflecting the tech industry's ongoing cost-control measures, including recent layoffs at Intuit, UiPath, and Open Text. #CRM shares fell 0.44%

🚗 GM cut its EV production target from 1 million next year, citing capacity issues and slowed demand; Q2 US EV deliveries were flat, up 11% from Q1. #GM stock is up 0.59%.

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

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👉💵🇻🇦🛸👈XBRUSD is falling!

🔥 XBRUSD formed a head-and-shoulders pattern, and the price broke the neckline. Momentum has fallen below 100.0, and a sell below MA200 can be considered.

🔽 Trade: Sell XBRUSD on a breakout below 83.40;
🎯 TP: 82.50;

Smash ❤️ if you trade XBRUSD!

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👉🇪🇺🇻🇦👈EURUSD Outlook!

💸 EURUSD is testing the crucial 1.0890 support zone. The 100-MA crossing above the 200-MA indicates bullish sentiment, but the Momentum indicator aiming to cross below the 100 line suggests a potential bearish signal.

🔼 If the price rebounds from 1.0890, it may propel the asset to 1.0950.
🔽 However, if EURUSD breaches below the support, it could fall to 1.0840.

Click ❤️ if you buy EURUSD. Hit 👍 if you sell!

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👉🇻🇬🇻🇦👈GBPUSD Technical Analysis!

⚡️ On the H4, GBPUSD faces a crucial support level at 1.2950, aligned with the 138.2 Fibonacci ratio. The RSI and MFI oscillators surpass the overbought zones, potentially indicating a bearish momentum.

🔼 If the price rebounds from the 1.2950 support, it may propel the asset to 1.3010;
🔽 However, if GBPUSD breaches below the 138.2 Fibonacci, it may trigger a decline to 1.2910.

Click 👍 if you agree with the FBS analysis!

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👉🥇🇻🇦🛸👈XAUUSD: Short-term Analysis!

💡 Excellent opportunity to trade Counter-Trend Impulse Strategy!

🥇 XAUUSD is testing the 2432 support level. The price exceeded the upper Bollinger Band and subsequently retraced. The RSI has crossed downwards from the overbought zone, indicating potential selling pressure

🔽 Trade: Sell XAUUSD on a break below 2432;
🎯 TP: 2418.

Smash 👍 if you trade XAUUSD today!

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#MarketNews

☀️ Happy Wednesday, dear traders! Today, July 17, we're bringing you the day's most thrilling news highlights:

🥇 Gold edged closer to an all-time high as expectations for Federal Reserve rate cuts grow, and traders bet on a second Trump presidency. XAUUSD rose to 2463.

🔥 The IEA has raised its forecast for global gas demand growth in 2024. World gas demand is expected to increase by 2.5% next year. XNGUSD trades at 2.197.

🇨🇳 Global investment banks have downgraded China's GDP forecasts for 2024. Many experts doubt Beijing can achieve the 5% GDP growth target next year. HK50 has fallen to 17 723.

🇨🇦 After the inflation report, markets are pricing in a 90% probability of a Bank of Canada rate cut in July, according to BBG. USDCAD rose to 1.3681.

⚙️ The Nasdaq 100 is not rushing to reach its all-time high, as Goldman reports strong tech stock sales by hedge funds. US100 has dropped to 20 268.

🇯🇵 The Bank of Japan continues interventions at current yen levels, warning of further action against yen weakening. USDJPY falls to 157.93.

🇬🇧 UK inflation remains at the Bank of England's 2% target for the second consecutive month, according to Bloomberg. GBPUSD rose to 1.2988.

👊 Global fund managers now view "geopolitics" as the top market risk, with "inflation" falling to second place, according to BofA's July survey. The US Dollar dropped to 104.06.

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

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👉🇪🇺🇻🇦👈EURUSD Key Moment!

💸 EURUSD navigates within an ascending channel and faces a crucial 1.0910 resistance. The momentum oscillator crosses the 100 line upwards, potentially indicating bullish sentiment.

🔼 If the bulls push the price above the 1.0910 level, the growth will go up to 1.0950;
🔽 However, a breach below the trendline will trigger a decline to 1.0870.

Smash ❤️ if you agree with the analysis!

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👉🥇🇻🇦👈XAUUSD Update!

☄️ On the H4, the XAUUSD XAUUSD rose above ATH and bounced off the trendline, consolidating near the Fibonacci 261.8 support level. Despite the bullish sentiment, the RSI indicates significant overbought, making it necessary to consider two scenarios.

🔽 If the price falls below the 2465 support level, a correction to the 2420 level will begin;
🔼 However, if gold bounces off the support, it will rise to the 2510 level, corresponding to 361.8 Fibonacci;

Hit 👍 if you're bullish. Click ❤️ if you're bearish!

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👉🇻🇬🇻🇦👈All Eyes on GBPUSD!

💸 On the H2, GBPUSD moves within an expanding channel and tests the 1.3040 resistance level, aligned with the 123.6 Fibonacci ratio. The RSI oscillator indicates overbought conditions, potentially indicating a bearish sentiment.

🔼 If the bulls push the price above 1.3040, the target will be 1.3120;
🔽 However, if GBPUSD bounces off the resistances, it will fall to 1.2900.

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

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👉🇦🇺🇻🇦👈AUDUSD: Outlook!

🔥 On the H4, AUDUSD has formed an ascending channel pattern in a short-term bullish trend. Price has fallen to the lower trendline and is consolidating near the critical support area, which creates two possible scenarios.

🔽 If the price breaks the trend line below 0.6740, the fall will be to 1.6700;
🔼 A rebound from the trend line will bring AUDUSD back to 0.6790 resistance;

❓ Do you buy or sell AUDUSD? Write in the comments⬇️

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