#MarketNews

☀️ Happy Wednesday, dear traders! Today, August 28, we're bringing you the day's most thrilling news highlights:

🖥 IBM plans to shut down its R&D unit in China and lay off 1000 employees. Despite this, IBM shares rose to $198.74.

🔥 Norway has become the largest gas supplier to Europe, with its pipeline gas exports potentially nearing a historic record this year. XNGUSD trades at 2.18.

🤖 Nvidia's Q2 earnings today will reveal to Wall Street the progress of the AI chip boom, reinforcing its status as the "most important stock" globally, according to CNBC. Nvidia consolidates at 128.28.

💸 Long-term Bitcoin holders have added 262 000 BTC in the last 30 days, now controlling 14.82 million BTC (75% of total supply), per CryptoQuant. BTCUSD corrected to 59.15k.

🇦🇺 BofA is bullish on AUD, driven by favorable interest rate differentials and a weakening US dollar. AUDUSD climbs to 0.6800.

🇨🇳 PDD Holdings' 29% stock plunge following disappointing sales forecasts signals a warning for China's economy as Beijing grapples with slowing growth. HK50 trades at 17 723.

🇬🇧 The British pound surged past 1.3200 after a minister hinted at higher taxes for high-income earners. GBPUSD currently rises to 1.3227.

📈 Warren Buffett's Berkshire Hathaway is nearing the $1 trillion mark, with a market cap of nearly $993 billion as of Tuesday’s close. #BRKB rises to 460.

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

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#TradeIdea

👉💡▶️⏩XAGUSD May Drop!

⚡️ XAGUSD has formed a rising wedge pattern in a short-term uptrend. The price broke the lower trend line, falling to the critical support area testing MA50. Momentum fell below 100.0, signaling a possible decline.

🔽 Trade: Sell XAGUSD on a breakout below 29.500;
🎯 TP1: 29.000;
🎯 TP2: 28.400;

Smash 👍 if you agree!

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👉🇻🇬🇻🇦🛸👈GBPUSD Alert!

💸 On the H4, GBPUSD, after a short-term bullish trend, reached 161.8 Fibonacci and rebounded by breaking the trend line. RSI came out of the overbought zone and on the ADX +DM line crossed -the DM line down.

🔽 Trade: Sell GBPUSD on a breakout below 1.3210;
🎯 TP1: 1.3120;
🎯 TP2: 1.3040;

Smash ❤️ if you trade GBPUSD today!

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👉🇪🇺🇻🇦👈EURUSD Outlook!

💸 EURUSD is currently testing the trendline and aims to target the 1.1110 support level. The RSI oscillator crosses the 50-line, and the Parabolic SAR pointed the dots above the price, potentially indicating a bearish momentum for the asset.

🔼 If the price rebounds from the 1.1110 support, it may rise to 1.1200;
🔽 However, If the price breaches below the 1.1110 support, it may fall to 1.1020.

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

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#MarketNews

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

📉 #NVIDIA stock dropped to 8.4% after disappointing forecasts and production issues with its Blackwell chips. This was despite Q2 revenue of $30 billion, surpassing analyst estimates of $28.9 billion.

🇨🇳 China's 5% growth target is increasingly doubtful as UBS, JPMorgan, and Nomura cut their GDP forecasts below 5%, citing a property slump and weakened consumer spending.

🚗 European car sales stagnated in July as electric vehicle demand plummeted 37% in Germany, the region's largest market. This contributed to just a 0.4% overall increase in new-car registrations.

💰 Berkshire Hathaway became the first US company outside the tech sector to surpass $1 trillion in market value, with its shares rising 30% in 2024, outpacing the S&P 500's 17% gain.

🛢 Oil prices increased, with Brent rising to $78.80 a barrel, as concerns over Libyan supply disruptions, which could affect up to 1 million barrels per day, offset a smaller-than-expected US crude inventory draw of 846,000 barrels.

🇳🇿 New Zealand business confidence surged to a 10-year high in August, boosting the Kiwi dollar, as the central bank's rate cuts fueled optimism.

🌐 Amazon has secured approval to purchase land in New Zealand for its Project Kuiper, which aims to deliver the Internet via a constellation of over 3,000 low-earth orbit satellites. #AMAZON shares are down 1.34%.

🍎 According to a Nikkei report, Apple has ordered components for over 10% more iPhones than last year, betting on AI-driven sales growth ahead of the iPhone 16 launch. #APPLE stock is down 0.68%.

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

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👉🥇🇻🇦👈All Eyes on XAUUSD!

☄️ On the H4, XAUUSD has formed an ascending triangle pattern in a short-term bullish trend. The price bounced off the trend line and MA50, but a divergence formed on the RSI.

🔼 If the bulls push the price above 2525, the target will be 2548, corresponding to 161.8 Fibonacci;
🔽 However, if Gold breaks the trend line and MA50 below 2507, it will reach 2478;

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

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👉🇻🇬🇻🇦🛸👈GBPUSD May Drop!

📉 On the H1, GBPUSD navigates within a head-and-shoulders pattern and tested the 1.3180 support level. The Parabolic SAR pointed the dots above the price, and the Momentum oscillator crosses the 100-line from above, giving an extra bearish sentiment for the asset.

🔽 Trade: Sell GBPUSD on a breakout below 1.3180;
🎯 TP: 1.3080;

Smash 👍 if you sell GBPUSD today!

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👉🇻🇦🇯🇵🚀👈USDJPY Could Rise!

💴 On the H4, USDJPY formed a falling wedge pattern after a long-term bearish trend. A divergence formed on MFI, and the price broke the upper trend line.

🔼 Trade: Buy USDJPY on a breakout above 145.200;
🎯 TP1: 147.700;

Hit ❤️ if you're going to take it!

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#MarketNews

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

🛢 Iraq plans to cut oil production to 3.85-3.9 million barrels per day in September, while Libya has halted oil shipments at five export terminals, according to Bloomberg. XBRUSD rises to 79.

🇺🇸 Seasonality in US stocks points to September, historically the weakest month of the year. US500 consolidates at 5610.

💸 Australia has become the world's fastest-growing market for crypto ATMs, with installations rising to 1200 from just 73 in the past two years—BBG. BTCUSD now trades at 59,200.

🥇 Gold prices are climbing steadily amid strong global demand, as market participants anticipate a shift towards a more dovish monetary policy by the US Federal Reserve. XAUUSD rises to 2,518.

🇨🇳 Efforts by Russia and China to undermine the dollar are yielding results. The international use of the Chinese yuan has reached a record high. USDCNH falls to 7.08.

🇬🇧 UK house prices unexpectedly declined in August, signaling ongoing affordability challenges despite the Bank of England cutting borrowing costs. GBPUSD consolidates at 1.3180.

🖥 Intel is exploring options to address the downturn, including splitting its product and foundry divisions and possibly halting factory projects. The stock is down 60% this year, trading at 20.13.

🇪🇺 Preliminary eurozone data might show inflation slowing to 2.2% in August from 2.6% in July, with core inflation dropping to 2.8%. EURUSD corrected to 1.1084.

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

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👉🇦🇺🇻🇦👈AUDUSD Analysis!

⚡️ AUDUSD, being in a short-term bullish trend, formed an ascending channel pattern. The price fell to the lower trend line, with a divergence formed on the RSI.

🔼 If the bulls lift the price above the 0.6810 resistance area, the target will be last year's high of 0.6870;
🔽 A breakdown of the trend line will start the correction to the support at 0.6700;

Click 👍 if you trade AUDUSD!

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👉💵🇻🇦👈All Eyes on XBRUSD!

⚡️ On the H4, XBRUSD navigates sideways, aiming the trendline and the 79.40 resistance, aligned with the golden Fibonacci ratio. The %R oscillator indicates an overbought condition, potentially indicating a bearish momentum for the asset.

🔼 If the bulls push the price above the trend line at 79.40, it will open the way to 81.50;
🔽 However, a rebound from the golden Fibonacci ratio will bring Brent back to 77.50.

❓ Which side are you on—bullish or bearish?

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📢 Hello Traders!

🥇 XAUUSD is approaching a critical resistance level at 2525 while navigating within an ascending triangle. What's your prediction?

🔼 Bullish Breakout: The bulls push the price above 2525, targeting 2550.
🔽 Bearish Reversal: XAUUSD breaks below the trendline and retreats to 2500.

💬 Share your thoughts below! 👇

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#Meme

⭐️ Have a Great Weekend, everybody! ⭐️

✅ Trading may flip things around, but with good risk management, you'll always land on your feet!

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