☀️ Good morning, traders!

Important events to look forward to this week:

Tuesday:
🇺🇸 USD - JOLTS Job Openings - 17:15 GMT +3;

Wednesday:
🇺🇸 USD - Core CPI m/m - 15:30 GMT +3;
🇺🇸 USD - CPI m/m - 15:30 GMT +3;
🇺🇸 USD - CPI y/y - 15:30 GMT +3;
🇨🇦 CAD - BOC Rate Statement - 16:45 GMT +3;
🇨🇦 CAD - Overnight Rate - 16:45 GMT +3;
🇨🇦 CAD - BOC Press Conference - 17:30 GMT +3;

Thursday:
🇺🇸 USD - Core PPI m/m - 15:30 GMT +3;
🇺🇸 USD - PPI m/m - 15:30 GMT +3;
🇺🇸 USD - Unemployment Claims - 15:30 GMT +3;

Friday:
🇬🇧 GBP - GDP m/m - 10:00 GMT +3;
🇺🇸 USD - Prelim UoM Consumer Sentiment - 17:00 GMT +3;
🇺🇸 USD - Prelim UoM Inflation Expectations - 17:00 GMT +3;

A brief overview of important assets:

👉🇻🇦👈The US dollar demonstrates a strong downward movement, testing the support level of 103.44. The price has fallen below the EMA-200, indicating the dominance of sellers and a possible further decline.

If the dollar consolidates below 103.44, the downward momentum may strengthen, opening the way to 102.67. However, if the asset holds above this level, a correction to the resistance 104.44 is likely. If this level is broken, the next upside target will be 105.68.

👉🇪🇺🇻🇦👈The euro showed strong growth, which was also helped by the interest rate cut. The price tested the resistance level of 1.0880, while the RSI was in the overbought zone, and quotes reached the upper boundary of the Bollinger Bands indicator. These factors signal the possible start of a correction.

If the asset overcomes the resistance at 1.0880, the upward movement may continue to 1.0963. Otherwise, if it fails to consolidate above the level, a decline to 1.0726 is highly probable.

👉🗽🕛The index showed a decline, having updated the low of 5820 and tested the support level 5700. The price is near the lower boundary of the Bollinger Bands indicator, and RSI indicates oversold, which signals the possible correction start.

If the 5700 level is broken, the decline could continue to 5500. However, if the support holds, a rise to 5820 is likely. If this level is broken, the next target will be 5997.

⚡️ XAUUSD ⚡️ The stock is trading in a narrow range of 2900-2925, being in the consolidation phase. A breakdown of the resistance level 2925 may become a catalyst for growth and lead to a test of the historical maximum. However, if the price overcomes the support level, the decline may resume with a target of 2855.

Have a successful trading week everyone!😃
Which assets do you follow the most?

#weeklydigest

📲 Start Trading with FBS

@fbsanalytics

🗓 Important events to look forward to this week:

MONDAY:
🇨🇦 CAD - Federal Election - All Day;

TUESDAY:
🇺🇸 USD - JOLTS Job Openings - 17:00 GMT +3;

WEDNESDAY:
🇦🇺 AUD - CPI q/q - 04:30 GMT +3;
🇦🇺 AUD - CPI y/y - 04:30 GMT +3;
🇦🇺 AUD - Trimmed Mean CPI q/q - 04:30 GMT +3;
🇪🇺 EUR - German Prelim CPI m/m - All Day;
🇺🇸 USD - ADP Non-Farm Employment Change - 15:15 GMT +3;
🇨🇦 CAD - GDP m/m - 15:30 GMT +3;
🇺🇸 USD - Advance GDP q/q - 15:30 GMT +3;
🇺🇸 USD - Employment Cost Index q/q - 15:30 GMT +3;
🇺🇸 USD - Core PCE Price Index m/m - 17:00 GMT +3;

THURSDAY:
🇯🇵 JPY - BOJ Policy Rate;
🇯🇵 JPY - Monetary Policy Statement;
🇯🇵 JPY - BOJ Outlook Report;
🇯🇵 JPY - BOJ Press Conference;
🇺🇸 USD - Unemployment Claims - 15:30 GMT +3;
🇺🇸 USD - ISM Manufacturing PMI - 17:00 GMT +3;

FRIDAY:
🇺🇸 USD - Average Hourly Earnings m/m - 15:30 GMT +3;
🇺🇸 USD - Non-Farm Employment Change - 15:30 GMT +3;
🇺🇸 USD - Unemployment Rate - 15:30 GMT +3;


A brief overview of important assets:

👉🇻🇦👈The dollar index is in a downtrend. The index has fallen below the 100 mark. Now, the price is testing the resistance level of 100.10. If this level is broken, the recovery may continue to 101.69 to test the downtrend. However, the decline will likely continue if the resistance level is not broken—the minimum to the previous low of 97.74.

👉🇪🇺🇻🇦👈The euro is showing strong growth. The price tested the resistance level at 1.1513, then dropped to the support at 1.1313. If the asset consolidates below this support level, a correction to 1.1187 is likely. However, if the price stays above the support level, a recovery toward the local high of 1.1513 is expected.

👉🗽🕛The index did not break its lows but showed signs of recovery. The price increased and tested the descending trend line. If the price breaks the resistance level at 5534, the asset will exit the downtrend. The first growth target will be the level at 5785. However, if the price fails to break through the 5534 resistance, the decline will likely resume toward 5154.

💸 BTCUSD - Bitcoin has broken out of its downtrend and is now testing the 95,000 level. If this level is successfully surpassed, growth toward the 98,000-100,000 range is possible. However, if it fails, the asset may decline to the 92,000-88,000 range to cover imbalances.

🌉 XAUUSD - After setting another new historical high, the asset is now showing a decline. The price is testing the support level at 3275. If this support level is broken, the decline will likely continue toward the trend level and the 3205-3140 range. However, a catalyst for growth could emerge from political disagreements, which may lead to a resumption of the uptrend.

💬 Which assets are you keeping an eye on this week?

#weeklydigest

📲 Start Trading with FBS

@fbsanalytics

🗓 Important events to look forward to this week:

Monday:
🇺🇸 USD - ISM Services PMI - 17:00 GMT +3;

Wednesday:
🇳🇿 NZD - Employment Change q/q - 01:45 GMT +3;
🇳🇿 NZD - Unemployment Rate - 01:45 GMT +3;
🇺🇸 USD - Federal Funds Rate - 09:00 GMT +3;
🇺🇸 USD - FOMC Statement - 09:00 GMT +3;
🇺🇸 USD - FOMC Press Conference - 09:30 GMT +3;

Thursday:
🇬🇧 GBP - BOE Monetary Policy Report - 14:00 GMT +3;
🇬🇧 GBP - Monetary Policy Summary - 14:00 GMT +3;
🇬🇧 GBP - MPC Official Bank Rate Votes - 14:00 GMT +3;
🇬🇧 GBP - Official Bank Rate - 14:00 GMT +3;
🇺🇸 USD - Unemployment Claims - 15:30 GMT +3;

Friday:
🇬🇧 GBP - BOE Gov Bailey Speaks - 11:40 GMT +3;
🇨🇦 CAD - Employment Change - 15:30 GMT +3;
🇨🇦 CAD - Unemployment Rate - 15:30 GMT +3;

A brief overview of important assets:

👉🇻🇦👈The dollar index is still in a global decline, but the price has already stopped updating the lows and came to test the downtrend level. The price also tested the resistance level of 100.10. If the asset breaks this resistance, the growth will start and possibly exit from the downtrend to test the level of 101.69 and overlap the FvG. But if the price fails to break through the resistance level, we should expect a decline to the support level 98.71.

👉🇪🇺🇻🇦👈The euro is forming a descending channel. The highs and lows of the asset are decreasing. If the price can break through the resistance level of 1.1363 and exit the channel, the price will grow to 1.1514. However, if the price fails to break through the resistance, the decline in the channel will continue to 1.1179.

👉🗽🕛The index shows growth. Minimums and highs are rising, indicating a recovery in buying strength. The price is testing the resistance level of 5682. If this level is broken, the growth will continue to 5785. But if this resistance level is not broken, the decline will resume at 5534.

🌉 XAUUSD - Gold declined after setting a new all-time high as part of a correction. The price tested the level of 3235, the 0.5 Fibonacci level. If the price breaks the resistance level of 3290, the growth will resume at 3370. But if the price breaks the support level of 3235, we should expect a decline to 3165.

💬 What's on your market watchlist right now?

#weeklydigest

📲 Start Trading with FBS

@fbsanalytics

🗓 Important events to look forward to this week:

Tuesday, May 13:
🇬🇧 GBP - Claimant Count Change - 09:00 GMT+3;
🇬🇧 GBP - Average Earnings Index 3m/y - 09:00 GMT+3;
🇬🇧 GBP - Unemployment Rate - 09:00 GMT+3;
🇪🇺 EUR - German ZEW Economic Sentiment - 12:00 GMT+3;
🇺🇸 USD - CPI m/m - 15:30 GMT+3;
🇺🇸 USD - Core CPI m/m - 15:30 GMT+3;

Wednesday, May 14:
🇦🇺 AUD - Wage Price Index q/q - 04:30 GMT+3;

Thursday, May 15:
🇺🇸 USD - Core PPI m/m - 15:30 GMT+3;
🇺🇸 USD - Core Retail Sales m/m - 15:30 GMT+3;
🇺🇸 USD - PPI m/m - 15:30 GMT+3;
🇺🇸 USD - Retail Sales m/m - 15:30 GMT+3;
🇺🇸 USD - Unemployment Claims - 15:30 GMT+3;
🇺🇸 USD - Fed Chair Powell Speaks - 15:40 GMT+3;

Friday, May 16:
🇺🇸 USD - Prelim UoM Inflation Expectations - 17:00 GMT+3;

#weeklydigest

A brief overview of important assets:

💵USDollar broke the trend line and started to grow after a long fall, and the price reached the critical resistance. However, the %R indicates a big overbought. Consolidation above 101.700 will open the way to 103.200. A rebound from resistance will drop the price to 100.000.

👉🥇🇻🇦👈 fell to a critical support area amid falling geopolitical tensions. MACD indicates a decline, but %R shows oversold. A break of 3200 support will drop Gold to 3000, but if the price bounces off support, it will return to 3430;

👉🗽🕛 broke the trend line and started to rise. At the same time, Market Structure Shift took place, and bullish sentiment is growing. Given the falling tensions between the US and China, further growth makes the target of 6000 possible.

💬 What's on your market watchlist right now?

📲 Start Trading with FBS

@fbsanalytics

🗓 Important events to look forward to this week:

Tuesday, May 20:
🇦🇺 AUD - Cash Rate - 07:30 GMT+3;
🇦🇺 AUD - RBA Monetary Policy Statement - 07:30 GMT+3;
🇦🇺 AUD - RBA Rate Statement - 07:30 GMT+3;
🇨🇦 CAD - CPI m/m - 15:30;
🇨🇦 CAD - Median CPI y/y - 15:30;
🇨🇦 CAD - Trimmed CPI y/y - 15:30;

Wednesday, May 21:
🇬🇧 GBP - CPI y/y - 09:00 GMT +3;

Thursday, May 22:
🇪🇺 EUR - French Flash Manufacturing PMI - 10:15 GMT +3;
🇪🇺 EUR - French Flash Services PMI - 10:15 GMT +3;
🇪🇺 EUR - German Flash Manufacturing PMI - 10:30 GMT +3;
🇪🇺 EUR - German Flash Services PMI - 10:30 GMT +3;
🇬🇧 GBP - Flash Manufacturing PMI - 11:30 GMT +3;
🇬🇧 GBP - Flash Services PMI - 11:30 GMT +3;
🇺🇸 USD - Unemployment Claims - 15:30 GMT+3;
🇺🇸 USD - Flash Manufacturing PMI - 16:45 GMT+3;
🇺🇸 USD - Flash Services PMI - 16:45 GMT+3;

Friday, May 23:
🇬🇧 GBP - Retail Sales m/m - 09:00 GMT +3;
🇨🇦 CAD - Core Retail Sales m/m - 15:30;
🇨🇦 CAD - Retail Sales m/m - 15:30;

#weeklydigest

A brief overview of important assets:

💵 USDollar after testing the 101.69 resistance level and MA-50, the price declined to the 100.55 support level. If the asset does not consolidate below the support, we should expect the growth back to the resistance level, however, if the price consolidates below the support level, the decline will continue to 99.09;

👉🥇🇻🇦👈Gold fell below 3235 and is testing this level from below. The graph shows a double-top pattern. If the asset manages to break through the resistance level of 3235, growth will resume to 3350. However, if the price fails to break the support level, the decline will continue to 3130;

👉🗽🕛 The index shows steady growth. The asset has confidently consolidated above MA-200, indicating buyers' strength. The price is testing the resistance level of 5950. If the resistance level is broken, the growth will continue to 6140. However, if the price fails to break through this level, it is worth waiting for a decline to 5785.

💬 What setups are you keeping an eye on this week?

📲 Start Trading with FBS

🗓 Important events to look forward to this week:

Wednesday, May 28:
🇦🇺 AUD - CPI y/y - 04:30 GMT+3;
🇳🇿 NZD - Official Cash Rate - 05:00 GMT+3;
🇳🇿 NZD - RBNZ Monetary Policy Statement - 05:00 GMT+3;
🇳🇿 NZD - RBNZ Rate Statement - 05:00;
🇳🇿 NZD - RBNZ Press Conference - 06:00;
🇺🇸 USD - FOMC Meeting Minutes - 16:45 GMT+3;

Thursday, May 29:
🇺🇸 USD - Prelim GDP q/q - 15:30 GMT+3;
🇺🇸 USD - Unemployment Claims - 15:30 GMT+3;
🇬🇧 GBP - BOE Gov Bailey Speaks - 22:00 GMT +3;

Friday, May 23:
🇪🇺 EUR - German Prelim CPI m/m - All Day;
🇨🇦 CAD - GDP m/m - 15:30;
🇺🇸 USD - Core PCE Price Index m/m - 15:30 GMT+3;

#weeklydigest

A brief overview of important assets:

💵 USDollar is still showing weakness. The price failed to move to the upside, and after testing the downtrend, the asset came to test the bearish OB at 98.70. If this area is successfully broken, we should expect a decline to 97.70. However, if the asset fails to break this order block, the price may rise to 99.83;

👉🥇🇻🇦👈The graph shows a bull flag pattern. The price came to test the upper boundary of the descending channel at 3365. If this level is broken, we should expect growth to 3443. But if the asset fails to break this resistance level, we should expect gold at 3180;

👉🗽🕛 The index declined last week, testing the MA-200 at 5785. The asset managed to hold this level, and at the moment, the price is showing growth. If the asset consolidates above the resistance level of 5970, we should expect the continuation of development to 6150. However, if the price consolidates below MA-200, the stock will likely decline to 5685.

🔍 Which pair looks the most interesting to you right now?

📲 Start Trading with FBS

🗓 Important events to look forward to this week:

Monday, June 02:
🇺🇸 USD - ISM Manufacturing PMI - 17:00 GMT+3;
🇺🇸 USD - Fed Chair Powell Speaks - 20:00 GMT+3;

Tuesday, June 03:
🇨🇭 CHF -CPI m/m - 09:30 GMT+3;
🇯🇵 JPY - BOJ Gov Ueda Speaks;
🇺🇸 USD - JOLTS Job Openings - 17:00 GMT+3;

Wednesday, June 04:
🇦🇺 AUD - GDP q/q - 04:30 GMT+3;
🇺🇸 USD - ADP Non-Farm Employment Change - 15:15 GMT+3;
🇨🇦 CAD - BOC Rate Statement - 16:45;
🇨🇦 CAD - Overnight Rate - 16:45;
🇺🇸 USD - ISM Services PMI - 17:00 GMT+3;
🇨🇦 CAD - BOC Press Conference - 17:30;

Thursday, June 05:
🇪🇺 EUR - Main Refinancing Rate - 15:15 GMT+3;
🇪🇺 EUR - Monetary Policy Statement - 15:15 GMT+3;
🇺🇸 USD - Unemployment Claims - 15:30 GMT+3;
🇪🇺 EUR - ECB Press Conference - 15:45 GMT+3;

Friday, June 06:
🇨🇦 CAD - Employment Change - 15:30;
🇨🇦 CAD - Unemployment Rate - 15:30;
🇺🇸 USD - Average Hourly Earnings m/m - 15:30 GMT+3;
🇺🇸 USD - Non-Farm Employment Change - 15:30 GMT+3;
🇺🇸 USD - Unemployment Rate - 15:30 GMT+3;

#weeklydigest

A brief overview of important assets:

💵 The US dollar is showing weakness again. The price has fallen to the support level of 98.70. If the asset manages to break through this resistance zone, the decline will continue to the level of 97.70. However, if the price does not break through the support zone, growth will resume to the resistance level of 99.40.

👉🗽🕛 The price tested the downward local level. If the asset can break through the resistance level 5935, the growth will continue to 6145. However, if the price cannot break through the resistance level, a decline to 5800 will begin.

🔍 Which asset do you think is the most promising right now?

#weeklydigest

📲 Start Trading with FBS

@fbsanalytics

🗓 Important events to look forward to this week:

Wednesday, June 04:
🇺🇸 USD - Core CPI m/m - 15:30 GMT+3;
🇺🇸 USD - CPI m/m - 15:30 GMT+3;
🇺🇸 USD - CPI y/y - 15:30 GMT+3;

Thursday, June 05:
🇬🇧 GBP - GDP m/m - 09:00 GMT+3;
🇺🇸 USD - Core PPI m/m - 15:30 GMT+3;
🇺🇸 USD - PPI m/m - 15:30 GMT+3;
🇺🇸 USD - Unemployment Claims - 15:30 GMT+3;

Friday, June 06:
🇺🇸 USD - Prelim UoM Consumer Sentiment - 17:00 GMT+3;
🇺🇸 USD - Prelim UoM Inflation Expectations - 17:00 GMT+3;

#weeklydigest

A brief overview of important assets:

💵 The US.Dollar is in a local sideways movement. The price is making regular attempts to break through the support level 98.70. At the same time, the price is not updating, either high or low. If the asset breaks through the support level, the decline will continue to 97.70. However, if the asset holds the support level and breaks out of the trend, there is a possibility of growth to 99.83.

👉🗽🕛The index shows stability and remains at 6015. If the asset breaks through this level, growth will continue to the historic high of 6140. However, if the price fails to break through this level, a decline to 5850 should be expected.

👉🥇🇻🇦👈Gold has broken out of the downward channel and is testing its upper boundary and support level at 3290. If the price falls below this level, we can expect a decline to 3245. However, if growth resumes and prices rise above 3350, we can expect growth to 3435.

📈 Which asset do you think has the most upside?

#weeklydigest

📲 Start Trading with FBS

@fbsanalytics