Good Friday! π
β What awaits us today? Of course, it is the release of US producers price index (PPI) at 15:30 MT time. According to analysts, the indicator will advance by 0.1%.
What levels to pay attention to ahead of the release? Take a look at the trading plan for today! πΊ
β What awaits us today? Of course, it is the release of US producers price index (PPI) at 15:30 MT time. According to analysts, the indicator will advance by 0.1%.
What levels to pay attention to ahead of the release? Take a look at the trading plan for today! πΊ
βπ¨ Finally, it happened! Both the Fed Chair and US president commented about cryptocurrencies yesterday. However, in a different way (such a surprise).
Find out more news from the crypto sphere and key levels for BTC below! π
Find out more news from the crypto sphere and key levels for BTC below! π
Telegraph
Weekly Cryptonews on July 15-19
Charlie Lee, creator of Litecoin: βCryptoβs really risky. I've seen many bear markets or crashes that are 90% down β¦ when the price does crash, it shakes off all the weak hands. So, my point was that if you can't withstand a 90% drop, then don't buy-in,β¦
ββ³ Going to sleep? Wait a minute!
At first, place a pending order for NZD/USD
γ° NZD/USD has been trading in a very volatile fashion recently. The latest development has been that the pair met resistance in the vicinity of 0.67. The pair failed to fix above the declining 100-day MA that had gone below the 200-day MA in June.
At first, place a pending order for NZD/USD
γ° NZD/USD has been trading in a very volatile fashion recently. The latest development has been that the pair met resistance in the vicinity of 0.67. The pair failed to fix above the declining 100-day MA that had gone below the 200-day MA in June.
βπ’ Earnings season starts this week!
Earnings seasons offer unique opportunities for traders. This is the time when the largest American companies publish their earnings reports for the previous quarter. The price can jump or fall by tens of percent after these releases, so traders are able to profit during a very short period of time.
β Do you know that you can trade stocks of the biggest companies with FBS? Just download MT5, click "show all" in the "Market Watch" window and take advantage of earnings reports which are due this week! The earnings of Citigroup today have already beaten estimates and pushed the price for the bank's stocks higher.
π Here are the other reports you need to pay attention to this week:
πΉ July 16, before the market opens
JPMorgan Chase
πΉ July 17, after the market closes
Bank of America, Netflix, Ebay, Alcoa
πΉ July 18, after the market closes
Microsoft
Earnings seasons offer unique opportunities for traders. This is the time when the largest American companies publish their earnings reports for the previous quarter. The price can jump or fall by tens of percent after these releases, so traders are able to profit during a very short period of time.
β Do you know that you can trade stocks of the biggest companies with FBS? Just download MT5, click "show all" in the "Market Watch" window and take advantage of earnings reports which are due this week! The earnings of Citigroup today have already beaten estimates and pushed the price for the bank's stocks higher.
π Here are the other reports you need to pay attention to this week:
πΉ July 16, before the market opens
JPMorgan Chase
πΉ July 17, after the market closes
Bank of America, Netflix, Ebay, Alcoa
πΉ July 18, after the market closes
Microsoft
What are the forecasts for this week for some of the majors? FBS analysts answer!
γ° Gold - It is recommended to buy at the major support area if the price shrinks down.
Signal
Buy: 1390.00, 1380.00, 1370.00
S / L: 1365.00
TP1: 1425.00, TP2: 1435.00, TP3: -
γ° GBP/USD - The main trend is still bearish and there are many key resistance levels. The price is not expected to overcome these resistance levels soon.
Signal
Sell: 1.2590, 1.2630, 1.2680
S / L: 1.2730
TP1: 1.2500, TP2: -, TP3: -
γ° EUR/USD - We advise selling when the price comes up at the trending frame in the key resistance areas
Signal
Sell: 1.1280, 1.1310, 1.1350
S / L: 1.14
TP1: 1.1240, TP2: 1.1210, TP3: 1.1180
γ° Gold - It is recommended to buy at the major support area if the price shrinks down.
Signal
Buy: 1390.00, 1380.00, 1370.00
S / L: 1365.00
TP1: 1425.00, TP2: 1435.00, TP3: -
γ° GBP/USD - The main trend is still bearish and there are many key resistance levels. The price is not expected to overcome these resistance levels soon.
Signal
Sell: 1.2590, 1.2630, 1.2680
S / L: 1.2730
TP1: 1.2500, TP2: -, TP3: -
γ° EUR/USD - We advise selling when the price comes up at the trending frame in the key resistance areas
Signal
Sell: 1.1280, 1.1310, 1.1350
S / L: 1.14
TP1: 1.1240, TP2: 1.1210, TP3: 1.1180
Consider the key events and the levels for currency pairs in the Daily market report for July 16 by FBS Analytics β‘
βAre you ready to trade gold? π Let's sort out the mixed signals!
π Although the asset looked overbought, the weakness of the USD kept the price near the highs, so short positions turned out to be premature. Now, however, the price action looks very much like the βdiamondβ pattern that tends to precede a reversal.
π However, thereβs a substantial fundamental chance that the policy of the Fed will keep the USD under pressure. In this case, XAU/USD could strengthen. The price would be able to at least retest the 1,435 area if it rises above 1,425.
π Although the asset looked overbought, the weakness of the USD kept the price near the highs, so short positions turned out to be premature. Now, however, the price action looks very much like the βdiamondβ pattern that tends to precede a reversal.
π However, thereβs a substantial fundamental chance that the policy of the Fed will keep the USD under pressure. In this case, XAU/USD could strengthen. The price would be able to at least retest the 1,435 area if it rises above 1,425.
βWe anticipate more earnings reports to be released this week. ππ
What do FBS analysts expect from this data? Ho will the reports affect the stocks?
Read the article and find out!ππ
What do FBS analysts expect from this data? Ho will the reports affect the stocks?
Read the article and find out!ππ
Telegraph
Stock market: the earnings of JPMorgan, IBM, Netflix and more
The new earnings season has started in the United States. This means stocks of the largest American companies will likely make big moves. You can trade these stocks with FBS (learn more) and make money! Tuesday, July 16 JPMorgan EPS forecast: $2.51 Revenueβ¦
βπ After the dovish testimony by the Fed Chair Jerome Powell last week, the USD fell significantly against other currencies. It was not a surprise for many analysts, as the rumors about the rate cut have circulated since the beginning of summer. Finally, Mr. Powell confirmed these rumors last Wednesday.
πΈ The US dollar has managed to recover at the start of this week on the higher-than-expected release of retail sales (+0.4% vs. +0.1% expected) and, therefore, has pulled the currency pairs lower. π’ But the trading activity is not over for today, a.s the market is anticipating the speech by the Fed Chair Jerome Powell at 20:00 MT time.
πΈ Will we hear more dovishness in the tone of the Fed Chair? If so, the roller coaster for the USD will continue as the greenback will weaken.
πΈ On the other hand, if the famous policymaker softens his tone regarding the future monetary policy, the USD will continue to go up.
πΈ The US dollar has managed to recover at the start of this week on the higher-than-expected release of retail sales (+0.4% vs. +0.1% expected) and, therefore, has pulled the currency pairs lower. π’ But the trading activity is not over for today, a.s the market is anticipating the speech by the Fed Chair Jerome Powell at 20:00 MT time.
πΈ Will we hear more dovishness in the tone of the Fed Chair? If so, the roller coaster for the USD will continue as the greenback will weaken.
πΈ On the other hand, if the famous policymaker softens his tone regarding the future monetary policy, the USD will continue to go up.
βGood day, dear traders! π«
Is it time to sell Bitcoin?
π SELL 9,765; TP 8,600; SL 10,150
π» It seems that BTC/USD formed a βdouble topβ after it had met resistance at the 61.8% of the 2017-2018 decline in the 13,500 area. On Tuesday, bitcoin closed below 38.2% Fibo of the 2018-2019 advance and the 50-day MA at 9,898.
π» In July the cryptocurrency formed a lower high than it did in June.
Is it time to sell Bitcoin?
π SELL 9,765; TP 8,600; SL 10,150
π» It seems that BTC/USD formed a βdouble topβ after it had met resistance at the 61.8% of the 2017-2018 decline in the 13,500 area. On Tuesday, bitcoin closed below 38.2% Fibo of the 2018-2019 advance and the 50-day MA at 9,898.
π» In July the cryptocurrency formed a lower high than it did in June.
Pay attention to the events with a high impact on the markets!
πΈ Canadian CPI β 15:30 MT time
The forecast shows the decline by 0.3%. Higher figures will pull USD/CAD lower.
πΈ Crude oil inventories β 17:30 MT time
Will we see the expected output cut by 3.6 million barrels? If the actual cut is bigger, the oil prices will rise.
Find out more key levels in the market update by FBS
β
πΈ Canadian CPI β 15:30 MT time
The forecast shows the decline by 0.3%. Higher figures will pull USD/CAD lower.
πΈ Crude oil inventories β 17:30 MT time
Will we see the expected output cut by 3.6 million barrels? If the actual cut is bigger, the oil prices will rise.
Find out more key levels in the market update by FBS
β
β#GUESSAPATTERN
Last week we posted a pattern, and most of you did not guess it correctly. It was a Shark pattern! Now, let's see if you can guess the next pattern below. What is its name?
Last week we posted a pattern, and most of you did not guess it correctly. It was a Shark pattern! Now, let's see if you can guess the next pattern below. What is its name?
βUSD/SGD jumps by 44 pips during the day
π΄ USD/SGD rises as the indicators disappoint the market. The non-oil exports declined by 17.3%, lower than -16.3% previously and much lower than the expected -9.9%. The data weakened the Singapore dollar against the USD.
π΄ On H4, USD/SGD retested the old-time resistance at 1.3623. The next resistance will lie at 1.3658. From the downside, pay attention to the first support at the 200-period SMA (1.3609 level). The break of this level will help sellers to pull the price towards the 1.3585 level.
π΄ USD/SGD rises as the indicators disappoint the market. The non-oil exports declined by 17.3%, lower than -16.3% previously and much lower than the expected -9.9%. The data weakened the Singapore dollar against the USD.
π΄ On H4, USD/SGD retested the old-time resistance at 1.3623. The next resistance will lie at 1.3658. From the downside, pay attention to the first support at the 200-period SMA (1.3609 level). The break of this level will help sellers to pull the price towards the 1.3585 level.
βAn opportunity to trade the Australian dollar is awaiting us during the Asian trading session. Don't miss it out!
The level of employment change and the unemployment rate for Australia are expected tomorrow at 4:30 MT (1:30 GMT).
πΈ Employment change is expected to increase by 9.1K. This is the lower level than the previous release of 42.3K. As a result, lower-than-expected figures will be negative for the AUD. On the other hand, a surprisingly high level will bring optimism to the aussie's bulls.
πΈ At the same time, pay attention to the unemployment rate. According to analysts, it will remain at 5.2%. If it is higher, the release will affect the antipodean currency negatively.
The level of employment change and the unemployment rate for Australia are expected tomorrow at 4:30 MT (1:30 GMT).
πΈ Employment change is expected to increase by 9.1K. This is the lower level than the previous release of 42.3K. As a result, lower-than-expected figures will be negative for the AUD. On the other hand, a surprisingly high level will bring optimism to the aussie's bulls.
πΈ At the same time, pay attention to the unemployment rate. According to analysts, it will remain at 5.2%. If it is higher, the release will affect the antipodean currency negatively.
ββ Hello, dear traders!
πΏπ¦ Pay attention to the updates from the monetary policy meeting by the South African Reserve Bank! The South African Rand may weaken on the decision.
πΏπ¦ Pay attention to the updates from the monetary policy meeting by the South African Reserve Bank! The South African Rand may weaken on the decision.
ββ The ECB policymakers are considering the change of the ECB inflation goal
πΉ Reportedly, the ECB is analyzing the possibility of the change of the current inflation target of "below but close to 2%". The question is whether this target is still appropriate for the current economic conditions.
πΉ On H4, the euro has fallen below the 1.1220 level and tested the support at 1.1206. The next support level lies at 1.1198. In the case of the reversal, EUR/USD will rise above the 50-period SMA to the first resistance at 1.1244. The next resistance lies at 1.1263.
πΉ Reportedly, the ECB is analyzing the possibility of the change of the current inflation target of "below but close to 2%". The question is whether this target is still appropriate for the current economic conditions.
πΉ On H4, the euro has fallen below the 1.1220 level and tested the support at 1.1206. The next support level lies at 1.1198. In the case of the reversal, EUR/USD will rise above the 50-period SMA to the first resistance at 1.1244. The next resistance lies at 1.1263.
