#MarketNews

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

⚡️ Economists see Donald Trump's anti-inflation plan, which includes a 15% corporate tax rate, 10-60% tariffs, and immigration curbs, as potentially worsening inflation.

🇪🇺 The European Central Bank is expected to keep interest rates unchanged at 3.75% on Thursday, awaiting further data before considering another rate cut in September.

🇬🇧 UK wage growth fell below 6% for the first time in 20 months, indicating a weakening labor market as the Bank of England considers cutting interest rates.

☄️ Gold prices reached record highs, helped by expectations of lower interest rates in the US and demand for a haven amid deteriorating trade relations between the US and China.

💬 Novartis raised its 2024 profit forecast due to strong demand for its new blockbuster drugs. It expects core operating income to grow in the mid-to-high teens, with second-quarter core earnings per share rising to $1.97. #NVS stock is up 0.16%.

📈 TSMC raised its full-year revenue growth forecast above the previous mid-20% maximum, projecting up to $23.2 billion this quarter after a 36% rise in quarterly net income driven by the AI boom. Shares of #TSM fell 2.43%.

✈️ United Airlines forecast adjusted earnings to $3.25 per share in the current quarter, below analysts' expectations. The company plans to cut domestic capacity by 3%. Shares of #UAL are trading at 46.94.

⚫️ Blackstone Inc. is upping its commercial mortgage bond offering size to $2.95 billion, from an initial $2 billion, to fund part of its $10 billion acquisition of AIR Communities. #BX stock is down 1.58%.

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

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👉💵🇻🇦👈XBRUSD May Rise!

⚡️ XBRUSD has breached the upper border of a descending channel and is targeting the 85.20 resistance level. The Momentum oscillator crossing the 100-line upwards indicates a potential bullish sentiment.

🔼 Trade: Buy XBRUSD on a breakout above 85.20;
🎯 TP: 87.20.

Smash 👍 if you trade XBRUSD today!

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👉🥇🇻🇦👈XAUUSD Short-term Analysis!

⚡️ On the M30, XAUUSD, after updating the all-time high, has slightly retraced to the trend line. The price has reached a critical support level and is testing MA50, so two options are possible.

🔽 If XAUUSD declines below the 2465 support, and falling under the trend line and the nearest fractal, it will drop to 2452;
🔼 Otherwise, a rebound will bring Gold back to 2380;

Smash ❤️ if you trade XAUUSD today!

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👉🇻🇬🇻🇦👈All Eyes on GBPUSD!

💡 Williams’ Strategy setup!

💸 On the H1, GBPUSD faces the 1.2980 support level. The MACD oscillator crosses the 0 line down, William’s Lips line (yellow) breaks the Jaws (blue) line down, and the price aims to break below the nearest lower Fractal resistance, indicating a bearish momentum.

🔼 If the price fails to break below the 1.2980 support, it will propel to 1.3040;
🔽 Breaking below the support and the lower Fractal will signal a decline to 1.2940 and even 1.2900.

Smash ❤️ if you trade GBPUSD today!

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👉💡▶️⏩BTCUSD Outlook!

💸 On the H4, BTCUSD started to rise after a substantial fall and is consolidating near 61.8 Fibonacci. Despite the solid bullish sentiment, a divergence has formed in the RSI, so it is necessary to consider two scenarios.

🔼 If the bulls push the price above 65,000, then 67,300 and further to 70,000 could be targeted;
🔽 However, in case of a bounce, a correction to the support of 62,700 will start;

Smash 👍 if you trade Cryptocurrencies!

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#MarketNews

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

🇪🇺Analysts predict the ECB will pause rate changes at this meeting, leaving room for a potential cut in September. EURUSD trades at 1.0887.

🇺🇸 According to the IMF, the Fed should wait until at least Q4 2024 to cut rates. The US also needs to take measures to reduce the national debt. UsDollar rose to 104.21.

🥈 The largest platinum producer, Anglo American Platinum (Amplats), reduced platinum group metals production by 5% in H1 2024, leading to a 24% price drop. Platinum fell to 970.30.

🌐 The last time a candidate withdrew from the race, the S&P 500 rose by 2.5% the next day. This time, however, it's the opposite. Markets have already priced in Biden's potential exit, according to MW. US500 falls to 5564.

🇨🇳 China aims for 5% economic growth this year, supports tech breakthroughs, and promises equal market access for foreign companies. However, HK50 falls to 17 433.

✂️ Fed prepares for a rate cut in September as Powell shifts focus to jobs. Officials are increasingly convinced that price stability is just around the corner.

💸 CryptoQuant reports extreme bearish sentiment among BTC holders, while Santiment notes a significant drop in positive crowd sentiment. BTCUSD trades at $64 300.

🇯🇵 The Japanese government has downgraded its economic growth forecast for the fiscal year due to weaker private consumption. USDJPY rises to 157.57.

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

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👉🇪🇺🇻🇦🛸👈EURUSD May Fall!

⚡️ After a short-term uptrend, EURUSD broke the trend line and fell to critical support. Given the breakdown and Momentum below 100.0, we can expect further declines if support is broken.

🔽 Trade: Sell EURUSD on a breakout below 1.0880;
🎯 TP: 1.0845;

Click 👍 if you agree with the FBS analysis!

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👉🥇🇻🇦👈XAUUSD Analysis!

⚡️On the H2, XAUUSD faces the crucial resistance level at 2415, aligned with the 38.2 Fibonacci ratio. The RSI oscillator indicates oversold conditions, potentially signaling a bullish sentiment for the asset.

🔼 If the rebounds from the 2415 resistance, Gold may propel toward 2440;
🔽 However, if XAUUSD breaches below 38.2 Fibonacci, it may decline to 2390.

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

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#forecast

👉🗽🕛 US500 Forecast!

💣 US500 has entered a strong correction phase after a robust uptrend!

⚙️ On the weekly timeframe, the US500 bounced off the 5650 resistance level, coinciding with a 161.8 Fibonacci retracement. The RSI oscillator indicates that the asset is overbought, also demoing a bullish divergence.
Important Bearish Engulfing candlestick patterns have formed on the chart, which led to serious corrections in the US500 in previous cycles.

🔽 Trade: Sell US500 on confirmation of the Bearish Engulfing;
🎯 Target 1: TP 5300;
🎯 Target 2: TP 4800.

♨️ Do you agree that the stock market is overheated?

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👉🇻🇦🇨🇦👈USDCAD Critical Point!

🔥 On the H4, USDCAD has formed an expanding wedge pattern in a long-term sidewall. The price has reached the upper trend line and is an important resistance area. Despite the short-term bullish momentum, the %R indicates a significant overbought pattern.

🔼 If the price breaks the trend line above 1.3730, it will rise to 1.3780;
🔽 However, a bounce from the trendline will drop USDCAD to 1.3665;

❓Are you bullish or bearish on USDCAD? Share your thoughts in the comments👇

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#networking

🌟 Happy Friday, traders! 🌟

🎬 Explore the profound influence of corporations with the insightful documentary "The Corporation" (2003)! This film probes the essence of modern corporations, likening them to psychopathic individuals due to their singular focus on profit. 📈

🔎 With expert interviews and eye-opening case studies, "The Corporation" reveals how these entities wield enormous power over markets, often prioritizing shareholder interests over ethical concerns and sustainability. 🌏

⭐️ Ideal for those in finance and trading who want to understand the deeper impacts of corporate actions on markets and society. Watch "The Corporation" for an enlightening perspective on the forces shaping our economic environment💡

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#meme

👋 Have a Great Weekend, everybody!

😉The most important thing is that your trading strategy works📈

🤨 Share your favorite memes in the comments👇

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#calendar

🚀 Exciting week for 🇨🇦CAD and 🇺🇸USD! Keep an eye on the upcoming BOC Rate Statement for CAD and the Advance GDP and Core PCE Price Index for USD. These key events could shake up the currency markets!

💬 What impacts do you foresee from these events? Share your thoughts below👇

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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 US dollar slipped 0.1% after President Joe Biden announced he would not seek reelection in 2024 and endorsed Vice President Kamala Harris.

🇨🇳 China enacted unexpected interest rate cuts to bolster economic growth following a major Communist Party meeting that left investors wanting more immediate stimulus measures.

🇳🇿 New Zealand's inflation slowed to 3.4% in the second quarter, below the Reserve Bank's 3.6% forecast, potentially setting the stage for upcoming interest rate cuts. NZDUSD trades at 0.5998

🇯🇵 Hedge funds reduced their short bets on the yen by 38,025 contracts, the most considerable reduction in over a decade, after Japan's suspected interventions to boost the currency. USDJPY is trading at 156.68

🥇 Gold imports to China plummeted nearly 60% to 58.9 tons last month, marking the lowest level since May 2022, as elevated prices deterred the world's largest bullion consumer amidst the economic slowdown.

📱Vodafone has sold an additional 10% stake in Vantage Towers to Oak Holdings for 1.3 billion euros, reducing its effective ownership to 44.7% and furthering its strategy to decrease debt. #VOD stock is down 0.55%

🚗 Volkswagen and Xpeng have partnered to develop a new EV architecture, planning to begin production in two years and launch two Volkswagen-branded EV models by 2026. #VOW shares rise 0.52%

📍 NVIDIA is developing a new flagship AI chip, the "B20," for the Chinese market. It is adhering to US export restrictions and collaborating with its major Chinese distributor. #NVIDIA shares fell 2.61%.

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

➡️ TRADE WITH FBS
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👉🥇🇻🇦👈XAUUSD Analysis!

🥇 On the H1, XAUUSD tests crucial support at 2410 after a robust fall, aligned with the golden Fibonacci ratio. The MFI oscillator left the oversold zone, potentially indicating bullish momentum for the asset.

🔼 If the price rebounds from the golden Fibonacci ratio, the Gold will reach the 2418 level;
🔽 However, if XAUUSD breaches below the 2410 support, it will fall to 2385 support.

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

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👉💵🇻🇦👈XBRUSD Outlook!

🔥 On the H4, XBRUSD fell to a critical support area after a short-term bullish trend. The %R indicates extreme oversold and the price tests the lower Bollinger line, although the bearish sentiment is extremely strong.

🔽 If the price breaks the support area of 81.70, the decline will be to 79.30;
🔼 A rebound from the trend line will allow Brent to recover to 84.50;

🐈 Which side are you on—bullish or bearish?

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👉🇪🇺🇻🇦👈EURUSD Outlook!

💸 EURUSD has breached below the lower border of an ascending channel and is targeting the 1.0880 support. The Momentum indicator has crossed below the 100-line, signaling bearish sentiment, while the MFI oscillator is in the oversold zone, potentially suggesting a bullish reversal.

🔼 If the price bounces from the 1.0880 support, it may rise to 1.0940;
🔽 Conversely, if the price breaks below this support, the asset may fall to 1.0840.

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

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👉🇻🇬🇻🇦🛸👈GBPUSD May Drop!

📉 On the H1, GBPUSD fell sharply after a long-term rise, forming a bearish flag pattern. The price has reached the lower trend line, while Momentum has fallen below 100.0, so if the trend line and support are broken, we can expect a drop.

🔽 Trade: Sell GBPUSD on a breakout below 1.2900;
🎯 TP: 1.2850;

Smash 👍 if you trade GBPUSD today!

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