#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
@fbsanalytics

#TradeIdea

👉🥇🇻🇦👈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!

➡️ TRADE WITH FBS
@fbsanalytics

#TradeIdea

👉💵🇻🇦👈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?

➡️ TRADE WITH FBS
@fbsanalytics

#TradeIdea

👉🇪🇺🇻🇦👈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!

➡️ TRADE WITH FBS
@fbsanalytics

#TradeIdea

👉🇻🇬🇻🇦🛸👈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!

➡️ TRADE WITH FBS
@fbsanalytics

#MarketNews

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

🤖 Musk announced that Tesla will begin producing the humanoid robot Optimus, for internal use in 2025. Tesla shares rose to 251.40.

🥇 India's Ministry of Finance proposes reducing the customs duty on gold to 6% in the new budget. In contrast, according to Bloomberg, China has reduced gold imports to the lowest level since May 2022. XAUUSD dropped to 2392.

💸The US government is possibly holding BTC as a reserve currency. Previously, experts suggested Trump might turn BTC into a strategic reserve asset for the US. BTCUSD trades at 66 525.

🌐 The SEC approved the launch of spot ETH-ETF trading, which begins on July 23. ETHUSD trades at 3445.

🌐 The Buffett Indicator (the ratio of the US stock market cap to GDP) indicates substantial overvaluation in the S&P 500 index. US500 slightly rose to 5563.

🇺🇸 Last week, hedge funds continued actively selling US stocks, marking several consecutive weeks of heavy selling. The US100 slightly rose to 19 800.

🇨🇳 Analysts believe China's rate cuts are insufficient, given zero inflation, as rates remain incredibly high. The PBOC needs to take more active steps to reduce rates. HK50 dropped to 17 482.

💲 Analysts believe that Trump's return to power would strengthen the dollar, increase Treasury yields, and boost the stocks of banks and companies in the healthcare and energy sectors. UsDollar rose to 104.18.

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

➡️ TRADE WITH FBS
@fbsanalytics

#TradeIdea

👉🇪🇺🇻🇦🛸👈EURUSD May Fall!

📉 EURUSD formed a reversal pattern "head and shoulders" after a long-term growth. The price fell to the neckline area, and the critical support level is being tested. Momentum has fallen below the 100.0 mark, which may indicate the possibility of a decline.

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

Smash 👍 if you trade EURUSD today!

➡️ TRADE WITH FBS
@fbsanalytics

#TradeIdea

👉💡▶️⏩XAGUSD Key Point!

🥈 On the Daily chart, XAGUSD has breached below the "neckline" of the head-and-shoulders pattern and is targeting the 28.70 support, aligned with the 38.2% Fibonacci ratio. The Momentum oscillator aims to cross below the 100-line, reinforcing the bearish sentiment.

🔼 If Silver rebounds from the 28.70 support, it will start rising with a target of 31.20;
🔽 Otherwise, a breaching below the 38.2 Fibonacci will continue the decline to 25.70.

❓Are you bullish or bearish on XAGUSD? Share your thoughts in the comments. 💬

➡️ Start Trading with FBS
📲 Check the FBS mobile app

@fbsanalytics

#TradeIdea

👉🥇🇻🇦👈XAUUSD Analysis!

☄️ On the H4, XAUUSD fell sharply after the ATH update, and the price is consolidating near 38.2 Fibonacci resistance. Despite the solid bearish sentiment, MFI and DeMarker have risen above critical and indicated the possibility of growth.

🔼 If the bulls push the price above 2410, the target will be 2438;
🔽 A rebound from resistance will drop XAUUSD to support at 2388;

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

➡️ Start Trading with FBS
📲 Check the FBS mobile app

@fbsanalytics

#MarketNews

☀️ Happy Wednesday, dear traders! Today, July 24, we're bringing you the day's most thrilling news highlights:

🇯🇵Japan's economy is showing mixed signals, with a rise in service sector PMI to 53.9 and a contraction in manufacturing activity to 49.2 ahead of the BOJ meeting.

🇨🇳 Goldman Sachs reports that China is likely conserving fiscal resources to mitigate potential economic fallout if Donald Trump, who has threatened 60% tariffs on Chinese imports, wins the US presidency​.

🇨🇦 The Bank of Canada is expected to cut interest rates for a second consecutive meeting to 4.5% to avoid a recession while managing inflation risks.

🚗 Tesla reported its fourth consecutive quarter of disappointing profits at $0.52 per share, with revenue at $25.5 billion and #TESLA shares dropping 8%. CEO Elon Musk urges patience as new products are delayed.

📊 Google reported Q2 earnings of $1.89 per share on $84.74 billion revenue, beating estimates, but YouTube ad revenue fell short. #GOOGLE stock is up 0.14%

🧡 Orange SA reported a 0.9% rise in Q2 revenue to €9.99 billion after resisting price cuts. French revenue gained 0.3%. Shares of #ORA rose 1.54 %.

🇩🇪 Deutsche Bank posted its first loss in four years, with a net loss of €143 million in Q2 after setting aside €1.3 billion for a lawsuit over its Postbank acquisition​​​​. #DBK stock is down 7.22%.

☄️ African nations, including South Sudan, Zimbabwe, and Nigeria, are increasing their gold reserves to protect against currency losses amid rising geopolitical tensions.

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

➡️ Start Trading with FBS
📲 Check the FBS mobile app

@fbsanalytics

#TradeIdea

👉🇻🇬🇻🇦👈All Eyes on GBPUSD!

⚡️ On the H4, ahead of the FOMC meeting on August 1, GBPUSD formed a falling wedge pattern. The price fell to the 61.8 Fibonacci support, which requires considering two possible scenarios.

🔽 If the bears push the price below the support at 1.2880, it will reach 1.2840;
🔼 Otherwise, a breakdown of the trend line will open the way for a rise to 1.2940;

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

➡️ Start Trading with FBS
📲 Check the FBS mobile app

@fbsanalytics

#TradeIdea

👉🇻🇦🇨🇭🛸👈USDCHF Short-term fall!

📉 On the H4, USDCHF, in a bearish trend, bounced off the trend line after a short-term impulse. The price fell below the critical support area, so a short-term sell could be considered in case of further decline.

🔽 Trade: Sell USDCHF on a breakout below 0.8875;
🎯 TP: 0.8830;

Smash 👍 if you trade USDCHF today!

➡️ Start Trading with FBS
📲 Check the FBS mobile app

@fbsanalytics

#TradeIdea

👉🇻🇦🇯🇵👈USDJPY Update!

🔥 On the H4, USDJPY has formed a descending channel pattern in a short-term bearish trend. The price fell to the 161.8 Fibonacci support, testing the lower Bollinger line. RSI is also indicating extreme oversold conditions.

🔽 If the price falls below the 153.800 support, the drop will be to 152.000;
🔼 A rebound from support will bring USDJPY back to the upper trendline of 155.400;

❓ Do you trade USDJPY today? Write in the comments👇

➡️ Start Trading with FBS
📲 Check the FBS mobile app

@fbsanalytics

📈 Mastering chart patterns is key to forex success! 📈

🎓 Understanding these patterns helps you predict market movements, make informed decisions, and boost your trading results!

🔎 Check out 16 of the most common patterns every trader should know.

🚀 Boost your trading strategy and stay ahead of the market! 🚀

➡️ Start Trading with FBS
📲 Check the FBS mobile app

@fbsanalytics

#MarketNews

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

📱 Spain's National Commission on Markets and Competition (CNMC) has initiated an antitrust investigation into Apple, potentially resulting in a fine of up to $38 billion for the American company. Apple shares have dropped to $218.67.

🛢 Iraq, Kazakhstan, and Russia will cut oil production by 2.3 million bpd by September 2025 to compensate for H1 2024 shortfalls per OPEC+ agreements. XBRUSD dropped to 80.23.

🇨🇳 China's central bank unexpectedly cut the 1-year MLF rate to 2.3% from 2.5%, causing the HK50 to drop to 17 013.

🛫 Boeing confirmed it has agreed to plead guilty to fraud and conspiracy charges to conclude the U.S. DOJ investigation into the Lion Air and Ethiopian Airlines 737 MAX crashes. #BA shares are trading at 180.02.

🇯🇵 The Bank of Japan is intervening in the markets, and Japanese investors may be repatriating capital due to emerging issues in Western markets. USDJPY has fallen to 152.68.

🌐 The S&P 500 dropped 2.3%, marking its first decline of over 2% in a day in 356 trading days. This is the longest streak without such decreases since 2007. US500 falls to 5446.

⚙️The Nasdaq 100 lost $1 trillion in market value due to a sell-off. US100 fell 3.65% yesterday and is trading at 19 100.

🇨🇦 The Bank of Canada cut its interest rate by 25 basis points from 4.75% to 4.50%, and USDCAD rose to 1.3830.

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

➡️ Start Trading with FBS
📲 Check the FBS mobile app

@fbsanalytics

#TradeIdea

👉🇻🇬🇻🇦🚀👈GBPUSD Alert!

💸 On the H1 chart, GBPUSD navigates within a Bullish Falling Wedge and forms a Double-Bottom pattern. The RSI has crossed the 50-line, and the MFI is moving out of the oversold zone, signaling potential bullish momentum.

🔼 Trade: Buy GBPUSD on a break above 1.2930;
🎯 TP: 1.2990;

Smash ❤️ if you trade GBPUSD today!

➡️ Start Trading with FBS
📲 Check the FBS mobile app

@fbsanalytics

#TradeIdea

👉🥇🇻🇦👈XAUUSD Analysis!

☄️ On the H4, XAUUSD fell sharply after reaching an all-time high and is holding near a critical support area. Despite the extremely bearish sentiment, %R indicates a significant oversold condition, and the price has fallen to the lower Bollinger line.

🔽 If bears push the price below 2371, it will fall to 2354;
🔼 A rebound from the support level will take gold back to 2391;

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

➡️ Start Trading with FBS
📲 Check the FBS mobile app

@fbsanalytics

#TradeIdea

👉🇪🇺🇻🇦👈EURUSD Analysis!

💸 On the H2, EURUSD navigates within a descending channel and faces the crucial 1.0860 resistance, aligned with the upper border of a channel. The Momentum oscillator crosses the 100-line up. However, 200-MA gives an extra layer of resistance to the asset.

🔼 If the bulls push the price above the resistance at 1.0860, the target will be 1.0900;
🔽 Otherwise, a correction rebound will trigger a decline to 1.0810 support.

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

➡️ Start Trading with FBS
📲 Check the FBS mobile app

@fbsanalytics