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Crypto market prepares to storm the trend line

The crypto market is losing slightly early Tuesday afternoon, cutting the gains of the past seven days to 4.4%. Acting on classic market trends, selling pressure intensified on the approach to the 200-day moving average near $2.90 trillion. A dip under that curve intensified selling in early March, but the market has generally held near that line and is now storming it.

Success could whet the appetite of doubters, validating the continuation of the cryptocurrency bull market.

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US Consumers Lose Confidence Over Trade Tariffs 

Fears of tariff wars have pushed consumer confidence to a four-year low. The Consumer Confidence Index fell 7.2 points to 92.9 in March, the lowest since March 2021. Expectations fell to a 12-year low of 65.2. The Conference Board notes that the 80 level is typically seen as a recession threshold. According to this metric, America is heading into or already in a recession.

It's interesting how the indicator, which spiked after Trump's election victory and is now falling as the president-elect fulfils his campaign promises, has evolved.

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πŸ—“ Economic Calendar at 2025/03/26 (GMT)

00:30 πŸ‡¦πŸ‡Ί ⚑️ Consumer Price Index β€” Exp: 2.5% Actual: 2.4%

07:00 πŸ‡¬πŸ‡§ ⚑️ Consumer Price Index β€” Exp: 0.5% | 2.9% Actual: 0.4% | 2.8%

07:00 πŸ‡¬πŸ‡§ Core CPI β€” Exp: 3.6% Actual: 3.5%

07:00 πŸ‡¬πŸ‡§ Retail Price Index β€” Exp: 0.8% | 3.6% Actual: 0.6% | 3.4%

07:00 πŸ‡¬πŸ‡§ Producer Price Index Input

11:00 πŸ‡¬πŸ‡§ ⚑️ Annual Budget Release

12:30 πŸ‡ΊπŸ‡Έ Durable Goods Orders β€” Exp: -1.1% | 0.2% Actual: 0.9% | 0.7%

14:30 πŸ‡ΊπŸ‡Έ Crude Oil Inventories β€” Exp: 1500K Actual: -3341K

17:30 πŸ‡¨πŸ‡¦ Summary of Deliberations


[Updated in real time]
FxPro pinned Β«πŸ—“ Economic Calendar at 2025/03/26 (GMT) 00:30 πŸ‡¦πŸ‡Ί ⚑️ Consumer Price Index β€” Exp: 2.5% Actual: 2.4% 07:00 πŸ‡¬πŸ‡§ ⚑️ Consumer Price Index β€” Exp: 0.5% | 2.9% Actual: 0.4% | 2.8% 07:00 πŸ‡¬πŸ‡§ Core CPI β€” Exp: 3.6% Actual: 3.5% 07:00 πŸ‡¬πŸ‡§ Retail Price Index…»
Bitcoin on the Verge of a Breakout?

BTC is testing key resistance, big investors are buying in, and even Peter Schiff is getting involved! Could we see $97K soon? Watch now & don’t forget to like and subscribe for more updates.



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UK Inflation Cools Down Pound

UK consumer inflation was weaker than expected. The annual rate of price increases slowed to 2.8% from 3.0%. It remains well above the local low of 1.7% recorded in September. The latest deceleration is still more of a hope than a signal that inflation is slowing, as the previous reading was the highest since March 2024.

However, the downside surprise may allow the Bank of England to return to cutting interest rates sooner and maintain the pace of quarterly cuts.

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No need to fear the death cross in BTC

Crypto market capitalisation rose 0.5% in the last 24 hours to $2.89 trillion, the highest since March 8, but still below the 200-day moving average. The Bulls still have to prove their strength by overcoming an important technical level. But worryingly, recent gains have come on low trading volume. This could simply be a setup to trap buyers and trigger a sharp sell-off in the next move.

Bitcoin pulled back below $87K on Wednesday, hesitant to storm the 50-day moving average and the round $90K level. This curve is pointing downwards and will soon cross the 200-day average. Technically, this would form a β€˜death cross’, but we place greater importance on the upward price trend seen over the past three weeks.

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πŸ—“ Economic Calendar at 2025/03/27 (GMT)

08:30 πŸ‡¬πŸ‡§ MPC Member Swati Dhingra Speaks

12:30 πŸ‡ΊπŸ‡Έ ⚑️ Gross Domestic Product β€” Exp: 2.3% Actual: 2.4%

12:30 πŸ‡ΊπŸ‡Έ GDP Price Index β€” Exp: 2.4% Actual: 2.3%

12:30 πŸ‡ΊπŸ‡Έ Core Personal Consumption Expenditure β€” Exp: 2.7% Actual: 2.6%

12:30 πŸ‡ΊπŸ‡Έ ⚑️ Unemployment Claims β€” Exp: 225K Actual: 224K

12:30 πŸ‡ΊπŸ‡Έ Continuing Claims β€” Exp: 1900K Actual: 1856K

12:30 πŸ‡ΊπŸ‡Έ Goods Trade Balance β€” Exp: -134.6B Actual: -147.9B

14:00 πŸ‡ΊπŸ‡Έ Pending Home Sales β€” Exp: 0.9% Actual: 2.0% | -3.6%

18:05 πŸ‡ͺπŸ‡Ί ECB President Christine Lagarde Speaks


[Updated in real time]
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FxPro pinned Β«πŸ—“ Economic Calendar at 2025/03/27 (GMT) 08:30 πŸ‡¬πŸ‡§ MPC Member Swati Dhingra Speaks 12:30 πŸ‡ΊπŸ‡Έ ⚑️ Gross Domestic Product β€” Exp: 2.3% Actual: 2.4% 12:30 πŸ‡ΊπŸ‡Έ GDP Price Index β€” Exp: 2.4% Actual: 2.3% 12:30 πŸ‡ΊπŸ‡Έ Core Personal Consumption Expenditure β€” Exp:…»
Bears stick to the 200-day MA

The crypto market gained around 1.8% last week to $2.86 trillion. The strong rally on Sunday and Monday was replaced by a stall just below the 200-day moving average. This line acts as a long-term trend reference for large funds, which tend to sell below it and buy when the price is higher. The bears clearly don't want to give up last month's gains and are keeping the market from moving higher.

Bitcoin has been dancing around its 200-day MA for the past three weeks but has been trading steadily higher for the past few days despite preferring to stay in its shadow. This is a very positive sign of a change in long-term market sentiment. We also note that negative news from the stock market has become less of a concern for Bitcoin. At the same time, we believe that the acceleration in the growth of the first cryptocurrency should not be expected before a consolidation above the 50-day moving average. This acts as a medium-term trend signal line, passing close to 90,000. A consolidation above it could accelerate price growth and attract new buyers.

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Gold and Silver about to break the ceiling

Gold returned to growth this week, re-entering the territory of historical highs after a brief correction at the end of last week. The reason for the new growth momentum is new bouts of tariff wars, which intensifies the pull to safe havens on the part of Central Banks. They continue to buy gold instead of US Treasury bonds.

The current growth is a logical development of the technical picture, which we have described many times before. Its logical development will be a growth to the area of $3180 in the perspective of a couple of weeks and a rise towards $3400 by the end of summer.

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