Jump to content

FreshForex Broker - Freshforex.com market news and analytical reviews


Recommended Posts

Fundamental Market Analysis for June 28, 2024 GBPUSD

 

Events to pay attention to today:

09:00 GMT+3. GBP - Gross Domestic Product

15:30 GMT+3. USD - United States Core Personal Consumption Expenditures (PCE) Price Index m/m

GBPUSD:

spacer.png

On Thursday, the GBP/USD pair fluctuated in familiar charts between the long-term moving averages, with price movement centred between the 1.2700 and 1.2600 marks. The data from the US was not as strong as anticipated, and market sentiment shifted towards the middle as investors await key US inflation data on Friday.

In advance of the pivotal US inflation data, the US presidential election is anticipated to commence on Friday morning. Investors will be monitoring the statements of all US presidential candidates for any indications of potential policy plans.

Additionally, the UK will release revised gross domestic product (GDP) data for the first quarter during the London market window. The consensus among market analysts is that UK GDP growth will remain in line with the initial 0.6% QoQ reading.

The initial jobless claims in the US for the week ending 21 June were better than expected, with 233k new claims for unemployment benefits compared to the forecast of 236k. This was down slightly from the previous week's 238k. The four-week average of initial jobless claims increased to 236,000, resulting in a new weekly figure that is below the average.

On Thursday, the US gross domestic product (GDP) met expectations, with the first quarter GDP revised slightly to 1.4% from an initial reading of 1.3%. Additionally, core personal consumption expenditures saw a modest increase in the first quarter, reaching 3.7% q/q compared to a projected 3.6%. The upcoming presidential debate, which begins after the market close on Thursday, will attract investors' attention as they look for potential policy clues from the candidates.

On Friday, investors will be monitoring the US PCE Price Index in anticipation of further declines in US inflation, which would facilitate a potential rate cut by the Federal Reserve (Fed). The core PCE price index is forecast to decline from 0.2% to 0.1% m/m in May. 

Trading recommendation: Trade mainly with sell orders at the price level of 1.2610. We consider buy orders at the price level of 1.2670.

 

Fund your account with cryptocurrency and you will receive up to 10% in balance on your first deposit. The additional funds will be used for trading, increasing trading volumes and helping you withstand drawdowns.

You can find more analytical information on our website.

Link to comment
Share on other sites

SAUDI ARABIA DELIVERS A MAJOR BLOW TO THE DOLLAR!

123123.png.ae6ce9e43b2af5a0df26456409ec7d7b.png

Oil prices have shown steady growth from $76 to $85 per barrel of Brent crude (#BRENT) since the beginning of June. This rise is driven by seasonal factors: high consumer activity during the summer driving season, increased demand from the transportation sector, and higher electricity consumption for air conditioning.

123123123.thumb.png.e8c605f4fc224c00d261b3c0a8085977.png

However, a more significant development in the oil market is the expiration of the 50-year-old Security Agreement between Saudi Arabia and the USA, signed in 1974, and Riyadh's refusal to renew it.

The agreement facilitated economic cooperation and military needs between the two nations, stabilizing the situation after the crises of the 1970s. The US benefited from oil at favorable prices, while Saudi Arabia gained a technological ally and wealth. Crucially, this agreement mandated that Saudi Arabia sell its oil exclusively for dollars, a restriction that no longer applies. This system greatly strengthened the dollar's position as the dominant global reserve currency by creating worldwide demand for dollars directly tied to oil transactions. Many have called this the "deal of the century."

Abandoning the petrodollar system could, in the long run, weaken the dollar's influence and impact US financial markets, reducing Washington's ability to accumulate national debt and profit from exports. Countries like China, Russia, Iran, and India are increasingly settling trades in their national currencies. By 2023, already 20% of global oil was being purchased without using the dollar. Now, Saudi Arabia can sell oil for any currencies or assets, including the yuan, gold, and even cryptocurrencies, which could significantly boost the value of these assets over time.

FreshForex analysts recommend closely monitoring changes in settlement schemes in the energy markets. Trading instruments like Bitcoin (BTCUSD), Gold (XAUUSD), and the US Dollar to Chinese Yuan (USDCNH) might become very profitable investments in the future.

Invest ahead of the curve!

Link to comment
Share on other sites

Fundamental Market Analysis for July 01, 2024 USDJPY

 

Event to pay attention to today:

17:00 GMT+3. USD - ISM Manufacturing PMI

USDJPY:

spacer.png

The USD/JPY pair commenced the new week on a subdued note and consolidated its recent strong rise to its highest level since December 1986, reached on Friday. Spot prices are currently trading with a slight positive bias around the 161.00 mark, although the upside seems limited amid speculation of an imminent intervention by the Japanese authorities to support the currency. 

In fact, Japan's Finance Minister Shunichi Suzuki stated at a press conference on Friday that excessive volatility in the currency market is undesirable and that the authorities will respond appropriately to such moves. Meanwhile, Japan appointed Atsushi Mimura as the new chief diplomat for foreign exchange issues on Friday. However, the move did not bring relief to the Japanese Yen (JPY) as investors are unsure of Atsushi's stance on monetary policy. This, along with the significant interest rate differential between the US and Japan, is likely to continue to provide a supportive environment for the USD/JPY pair. 

The Bank of Japan (BoJ) has not yet indicated the timing of the next rate hike. In contrast, the Federal Reserve (Fed) has been more proactive following its June meeting, forecasting only one interest rate cut in 2024. Furthermore, the likelihood of a Trump presidency is increasing concerns about the imposition of punitive tariffs, which could result in inflation and higher interest rates. This, in turn, lifts US Treasury yields to multi-week highs and continues to support the US dollar, lending further support to the USD/JPY pair and reaffirming the positive outlook. 

Meanwhile, markets continue to assess the likelihood of a September Fed rate cut, given signs of weakening inflation. The US Personal Consumption Expenditure (PCE) price index provided further confirmation of the disinflationary trend observed in the Consumer Price Index (CPI) and Producer Price Index (PPI) for May. This may dissuade those who are bullish on the dollar from making aggressive bets, and may limit the upside for the USD/JPY pair. Market participants are now awaiting the release of important US macroeconomic data scheduled for the beginning of the new month. This will include the ISM manufacturing PMI, which is scheduled for release on Monday.

Trade recommendation: Trading predominantly Buy orders from the current price level.

Connect Drawdown bonus 202% and trade with double your deposit! Bonus funds will help you increase your profits or withstand a sudden drawdown!

You can find more analytical information on our website.

Link to comment
Share on other sites

Elliott waves analysis for July 02, 2024 GBPUSD

RWyg3gA.png

 

The British pound also failed to gain momentum. The growth was abruptly halted, and the price significantly declined. Now the situation favors a downward movement, likely due to the formation of a correction. Thus, wave [ii] will continue to develop. The assumption that it had taken the form of a converging horizontal triangle turned out to be incorrect. More likely, the converging triangular structure is the initial diagonal, followed by corrective growth in the form of a simple zigzag. Therefore, the current movement will be impulsive and lead to the renewal of the current local minimum. In light of this, it is worth considering sell positions.
 
Investment idea: Sell at 1.2640, stop loss at 1.2675, take profit at 1.2530.
 

FreshForex offers a wonderful 300% bonus on every deposit of $100 or more, giving you the opportunity to increase your trading volumes!

You can find more analytical information on our website.

Link to comment
Share on other sites

Fundamental Market Analysis for July 03, 2024 EURUSD

Events to pay attention to today:

11:00 GMT+3. EUR - Composite PMI

15:30 GMT+3. USD - Initial Jobless Claims Number

17:00 GMT+3. USD - ISM Services Business Activity Index

21:00 GMT+3. USD - Publication of the Fed meeting minutes

EURUSD:

03.07EUR.thumb.png.d35f8173f0db5ec2235e823f00b95172.png

The Euro-dollar pair spent Tuesday in fluctuations, looping just below 1.0750 as the pair struggles to find momentum. Key US employment data is released on Friday, while EU economic data remains patchy during the second half of the trading week.

Core HCOB Harmonized Index of Consumer Prices (HICP) inflation came in at 2.9% m/m in June, holding steady with the previous reading and defying the forecast for a decline to 2.8%. Overall, HICP inflation fell to 2.5% y/y as forecast, down from the previous reading of 2.6%, but European inflation remains well above the European Central Bank's (ECB) target range of 2%.

The EU Composite PMI for June is expected to remain at 50.8 and the annualized European Producer Price Index for May is expected to improve, albeit marginally, to -4.1% y/y from the previous reading of -5.7%.

The US ADP employment change for June is expected to rise slightly to 160k from the previous value of 152k. Meanwhile, the ISM Services PMI is expected to decline further to 52.5 m/m from the previous value of 53.8.

Trading Recommendation: Watch the level of 1.0750, if the level is fixed above, take Buy positions.

 

Our company provides an opportunity to earn income not only from your trading. By attracting clients within the affiliate program, you can get up to $30 per lot!

You can find more analytical information on our website.

Link to comment
Share on other sites

Posted (edited)

Elliott waves analysis for July 04, 2024 GBPUSD

GBP/USD. The development of the third impulsive wave is expected

spacer.png

 

It seems that the corrective decline in wave [ii] has finally concluded. It was somewhat awkward and does not fit the definition of a clear corrective model. Nonetheless, the sharp spike in buyer activity indicates an attempt to seize the initiative from the dollar and start a strong directional movement. It is assumed that this is the beginning of the development of wave [iii]. The pound needs to surpass the maximum set by wave and consolidate at these levels. This will serve as an additional confirming factor in favor of further upward movement. In this situation, buying at the current market values can be considered to capture the movement in the presumed third wave of the impulse.

Investment idea: Buy at 1.2750, stop loss at 1.2725, take profit at 1.3000.

Up to $20 for each lot in real money - get a guaranteed income by connecting Cashback promotion!

You can find more analytical information on our website.

Edited by Volkov Yuriy
Link to comment
Share on other sites

Fundamental Market Analysis for July 05, 2024 USDJPY

 

An event to look out for today:

15:30 GMT+3. USD - Unemployment rate

USDJPY:

30bc35eb50da4c169f7720400323a01c.png

The rise in USD/JPY raises expectations of currency intervention by the Japanese authorities. "Currently, USD/JPY will be guided by UST yields and the US dollar. For USD/JPY to reverse downward, it will require the US Dollar to turn around/Fed Fed to cut rates or the BoJ to signal an intention to normalize urgently (rate hike or increased pace of balance sheet reduction). None of the above seems likely to happen," according to OCBC strategists Francis Cheung and Christopher Wong. 

Following the June 11-12 Federal Open Market Committee (FOMC) meeting, Federal Reserve (Fed) officials emphasized that the approach depends on data and refrained from cutting interest rates until further observations. Some Fed officials were unsure whether they needed to cut interest rates, while several policymakers said they would need to raise rates again if inflation rebounds. 

However, the dollar's gains may be limited as recent US PCE inflation data and a weaker-than-expected services PMI have fueled expectations of a Fed interest rate cut this year. Later in the day, traders will focus on the US employment data for June. The US NFP is projected to show an increase of 190K jobs in June, while the unemployment rate is expected to remain unchanged at 4%. Finally, average hourly earnings will fall to 3.9% y/y in June from 4.1% in May.

Trading recommendation: Trade mainly with buy orders at the price level of 160.85. Consider sell orders at the price level of 160.10.

 

Fund your account with cryptocurrency and you will receive up to 10% in balance on your first deposit. The additional funds will be used for trading, increasing trading volumes and helping you withstand drawdowns.

You can find more analytical information on our website.

Link to comment
Share on other sites

Fundamental Market Analysis for July 08, 2024 EURUSD

 

EURUSD:

2b9a293a86620705ed5eb2fb51d69f74.png

EUR/USD is trading near 1.0830 on Monday in the early hours of Asian trading. Political uncertainty in France after the second round of voting in the parliamentary elections on Sunday is putting pressure on the euro (EUR). Later on Monday, the Eurozone Sentix investor confidence index for July will be released. 

According to the Economist, exit polls showed that the left-wing New Popular Front (FNP), led by Jean-Luc Mélenchon, looks set to win the most seats in the second round of France's parliamentary election on Sunday. The FNP has secured at least 174 seats. 

However, that is still not enough to win the 289 seats needed to control the lower house of parliament. Meanwhile, President Emmanuel Macron's centrist Ensemble alliance won 146 seats and Le Pen's party was pushed into third place with about 142 seats. The common currency attracted some sellers after opinion polls showed the latest round of French parliamentary elections would leave parliament in limbo.  

On the other side, rising odds of the U.S. Federal Reserve (Fed) following a slow uptick in U.S. jobs data could lead to a weaker dollar and limit the pair's decline. Data released by the US Bureau of Labor Statistics (BLS) showed that US Non-Farm Payrolls (NFP) rose by 206K in June, following May's 218K increase (revised from 272K). This figure was higher than the forecast of 190,000.

In addition, the unemployment rate rose to 4.1% in June from 4% in May. Average hourly earnings fell to 3.9% y/y in June from the previous reading of 4.1%, matching market expectations. On Wednesday, traders will focus on US Consumer Price Index (CPI) inflation, which is expected to decline to 3.1% y/y in June from 3.3% in May. 

Trading recommendation: Trade mainly with buy orders at the price level of 1.0850. We consider sell orders at the price level of 1.0785.

 

Connect 202% under drawdown and trade with double deposit! Bonus funds will help you increase your profits or withstand a sudden drawdown!

You can find more analytical information on our website.

Link to comment
Share on other sites

Elliott waves analysis for July 09, 2024 EURUSD

PTWjfhf.png.a1d7fcb2df7a013a1bd7eeaa4aef0c52.png

As expected, there were no significant changes during the past trading day. The price stayed in the same place without making any attempts to move. This low activity in the pair is likely to continue for some time. This could be due to the development of a correction within an extending wave 3. In this case, after a slight decline, we might see renewed buyer activity that will lead to a new local maximum and complete the development of wave 3. Therefore, it is recommended to continue observing the market without taking any active trading actions, waiting for the completion of the corrective decline.
 
Investment idea: Flat.
 

FreshForex offers a wonderful 300% bonus on every deposit of $100 or more, giving you the opportunity to increase your trading volumes!

You can find more analytical information on our website.

Link to comment
Share on other sites

RANGEXPERT - A VALUABLE TOOL FOR BOTH NOVICE AND EXPERIENCED TRADERS

 

1.png.5c86f3747ddec2a88d2df03d7b7b364a.png

In the world of trading, tools that enhance accuracy and success are always in demand. Today, we introduce another complimentary indicator available on the MQL Market - the largest store for ready-made trading robots, indicators, and other applications for the MetaTrader platform.

The RangeXpert indicator assists both novice and professional traders in identifying ideal market conditions and following strong trends. RangeXpert's specialized algorithms help find the perfect entry point for trend trading, significantly increasing the likelihood of success. You can use it as a primary or supplementary tool for your trading strategy.

Key Advantages of RangeXpert:

  • Versatility: Designed for various trading styles, including scalping and intraday trading.
  • Compatibility: Available for both MT4 and MT5.
  • Suitable for any assets: Currency pairs, cryptocurrencies, metals, stocks, and indices.
  • Flexibility: Works on different timeframes (recommended M1, M5, M15, and H1).
  • Accurate signals: Clear take-profit and stop-loss lines, advanced trailing stop with pip indications.
  • Intuitive interface: Easy-to-understand colors, charts, and trend information, highlighting candles during strong price movements, changing signal colors for potential trend reversals.
  • Diverse notifications: Pop-up windows, email, push notifications, and sound alerts.

2.thumb.png.a0f7ceaf699a2a279d74fbda4c1aa35d.png

 

Choose the appropriate FreshForex account type - Classic, Market Pro, or ECN - and test RangeXpert today. It is a powerful tool for any trader aiming for success in the financial markets. Fund your trading account and use the terminal to the maximum!

 

Improve your trading

Link to comment
Share on other sites

  • 3 weeks later...

LAUNCH OF ETHEREUM ETF CAUSED A 10% PRICE DROP?!

spacer.png

For the fourth day, the news has been buzzing about the launch of Spot Ethereum ETFs (Exchange-Traded Funds). Everyone expected a huge influx of capital and that the price would skyrocket! On the first day alone, ETH-ETF surpassed $200 million!

 

But we didn't rush with the news, as in the meantime, the ETHUSD price dropped by 10%...

spacer.png

What happened?

Ethereum failed to hold above the critical support level of $3250, leading to a drop below $3150. This forced traders to reassess their strategies, considering the high volatility of the cryptocurrency. The simultaneous drop in Bitcoin and other cryptocurrencies further exacerbated investor uncertainty, prompting many traders to close their positions out of fear.

 

What factors are the loud media not considering?

  • Sell-offs by major holders: According to Farside Investors, on the first day of trading after the launch of the Ethereum-based ETF, the Grayscale Ethereum Trust (ETHE) lost $484.1 million. Farside Investors did not provide data on the iShares Ethereum Trust ETF (ETHA) created by Blackrock. However, according to the information published on the derivative's website, ETHA's capitalization level fell by $25,558 due to a 0.23% drop in share price.
  • Political uncertainty: For instance, the nominee for chairman of the Financial Services Commission (FSC) of South Korea, Kim Byung Hwan, urged the government to be cautious with the launch of spot ETFs linked to cryptocurrencies.
  • Everyone who wanted to buy has already bought: Some experts believe that since the 180-degree shift in the SEC's stance, all investors who wanted to buy Ethereum have already done so and hold ETH as an investment, primarily on the spot market.
  •  

However, FreshForex analysts believe that in the long run, Ethereum will inevitably rise. Once investors see real reasons for new purchases, not just the hype around the ETF launch, the influx of funds will stabilize and the price will start to increase. Currently, the price has fallen significantly close to the important psychological level of $3000, but a strong rebound has timely appeared. If you want to profit from future growth, buying at a lower price is a great entry point!

 

Don’t listen to the loud news, read the verified analysis from FreshForex, and profit with us!

Become a crypto investor

Link to comment
Share on other sites

THE MOST IMPORTANT WEEK FOR TRADERS!

5c0489c18faa3b37f29dc5acfa398d5c.png

The remaining days of this week mark the beginning of August, making it one of the most eventful weeks of 2024! The Federal Reserve, the Bank of England, and the Bank of Japan are making crucial economic decisions impacting global financial markets.

Key economic indicators, including changes in interest rates and the highly anticipated U.S. Nonfarm Payrolls report, will also be released this week.

c9c6f481f88ae4eb7a4b6933981771d9.jpg

Track all events across countries in our Forex Economic Calendar.

At the same time, stock market investors are focused on the current U.S. corporate earnings season, with special attention to whether the hype around AI is really coming to an end.

Given the significant drop in U.S. stock prices last week, analysts will be closely watching the financial reports of major corporations this week. If tech giants like Meta (formerly Facebook), Apple, Amazon.com, AMD, and Intel maintain optimistic AI-related revenue forecasts, it could trigger a broader stock market recovery.

For crypto traders, the main event last week was Donald Trump's speech at a Bitcoin conference. Here are the key points from his speech:

* Bitcoin is the ninth most valuable asset in the world. One day, it will surpass gold in market capitalization.
* If we don't embrace crypto technologies, China will outpace us. I want the U.S. to lead in technology and all other sectors.
* The United States will become the crypto capital of the planet.
* Trump confirmed his intentions to make the U.S. a more favorable jurisdiction for crypto business, including mining.
* Trump stated that he would create a strategic national reserve of bitcoins if elected.
Such bold rhetoric around cryptocurrencies only increases investor interest, injecting new money flows into the crypto world.

Don't miss the chance to invest in key market trends and earn with FreshForex. To help you get started, we are offering a 10% bonus on your balance with your first cryptocurrency deposit!

Link to comment
Share on other sites

Posted (edited)

Black Monday! What to do???

spacer.png

On Monday, August 5, 2024, stock markets worldwide experienced a sharp decline.

The most significant drop was recorded in Asia, where the Nikkei index (#NEKKEI) on the Tokyo Stock Exchange fell by an impressive 12.4%. This result was the largest since Black Monday in October 1987.

spacer.png

Experts from Anderida Financial Group noted, "The long-standing interest rate differential between the Fed and the Bank of Japan encouraged a carry trade strategy: borrowing in the depreciating yen and purchasing dollars with the proceeds. This went on for quite a while. Now people are closing these positions."

European markets were also affected: the French CAC 40 (#CAC40) decreased by 2.1%, the Spanish IBEX (#IBEX35) by 2.8%, and the British FTSE100 (#FTSE100) by 1.7%. American indices showed a similar trend: the Dow Jones Industrial Average (#DJI30) fell by 2.6%, NASDAQ (#NQ100) lost 3.4%, and the S&P 500 (#SP500) dropped by 3%.

The decline was particularly severe in the technology sector. Major companies like Apple (#APPLE), Amazon (#AMAZON), Microsoft (#MICROSOFT), Alphabet (#GOOGLE), Meta Platforms (#META), and Tesla (#TESLA) suffered significant losses of nearly 10%, except for Tesla, whose shares fell "only" by 7.5%.

Investors are concerned about recent unemployment statistics in the US, which were higher than expected. The unemployment rate unexpectedly rose to 4.3% in July, against the forecasted 4.1%.

The cryptocurrency market also took a hit. Bitcoin (BTCUSD) tested the support line at $50,000, and Ethereum (ETHUSD) tried to fall below $2,200. Several lesser-known coins lost up to 20% in value within 24 hours.

However, FreshForex analysts see this downturn as not only a worrying challenge but also a chance. Fed Chair Goolsbee stated that the Fed is ready to act: in the event of worsening economic conditions, an emergency meeting may be convened with subsequent rate cuts. This could stimulate a new wave of liquidity in the market, opening up wide chances for investors.

Don't panic! Now is the time to closely follow the news and use market conditions for profitable purchases.

The 101% drawdown bonus will help you withstand sudden market drops!

Make money on the fall

Edited by Volkov Yuriy
Link to comment
Share on other sites

Posted (edited)

STRATEGIC PURCHASES AT A MICRO PRISE!

Following the lead of other tech giants like NVIDIA, which we covered in MayMicroStrategy has decided to make its shares more accessible to investors. The company recently announced a 10-to-1 stock split, and trading at the adjusted price begins today, August 8!

Today's business world cannot function without in-depth analysis of vast amounts of data. Founded in 1989, MicroStrategy (#MicroStrgy) is one of the largest companies in this field. It continues to strengthen its market position and attract attention with its innovations. This multifunctional data analytics platform offers visualization, integration with various databases, and machine learning capabilities—just a few areas where MicroStrategy excels.

spacer.png

The maximum price of MicroStrategy shares on NASDAQ reached $2,000 per share, and in 2024, the peak growth in value reached 194%! Our analysts believe that after the stock split, the company will be able to attract even more funds, ensuring further growth.

Shares of this tech market giant offer several advantages:

 

  • Powerful data analytics platform: MicroStrategy offers a multifunctional system that allows users to easily process and visualize data, making analysis accessible to a broader audience. The software supports integration with various databases and APIs, enabling companies to use data from different sources in one place.
  • Diverse client base: MicroStrategy serves clients from various industries, including finance, healthcare, retail, and technology. This diversifies risks and creates a sustainable source of income.
  • Smart predictions and analytics: The platform includes machine learning (AI) and predictive analytics features, allowing companies to analyze past data and forecast future trends. Based on Big Data, the algorithms provide an accurate picture of upcoming events.
  • Bitcoin acquisition strategy: MicroStrategy actively buys bitcoin, giving shareholders indirect exposure to the cryptocurrency market. The success of this strategy could lead to significant growth in the company's shares, especially amid increasing interest in cryptocurrencies.
  • Growth in subscription services revenue: In Q2, the company earned $24.1 million from subscription services, a 21% increase compared to the previous year.

 

Additionally, according to a report on the company's official website, MicroStrategy holds 226,500 BTC with a total value of $8.3 billion, and the return on these holdings since the beginning of the year has been 12.2%.

 

Founder Michael Saylor knew how to strategically allocate the company's funds. You can profit from this as well, with a high probability of a new wave of growth in MicroStrategy's stock price (#MicroStrgy)!

 

Earn on stocks

Edited by Volkov Yuriy
Link to comment
Share on other sites

  • 2 weeks later...

Golden predictions come true!

afedb9eb9ede3c67f9c5d32a7feed29a.png.a985a6a8582ddd47c1d4e37f6ea07983.png

Gold prices (XAUUSD) have reached a new all-time high, surpassing $2,550 per ounce for the first time in history.

Our long-term forecast from April 18, 2024, is coming true, with gold rising over $120 per ounce and steadily pushing towards new records.

GLD.thumb.png.7d16e1fd6c2b0e7a1daa0b1be7a110f1.png

Factors driving gold prices and expert opinions:

  • Major central bank purchases: Gold prices are rising due to significant metal purchases by central banks, boosting its value.
     
  • Geopolitical instability: Increased geopolitical instability, particularly in the Middle East, is driving demand for gold as a safe haven. Ongoing conflicts in various regions also contribute to the rising prices.
     
  • Fed rate cut expectations: Investors anticipate a potential rate cut by the U.S. Federal Reserve, making gold a more attractive option. According to CME, there's a 75.5% probability of a rate reduction from the current 5.25–5.5% to 5–5.25%, enhancing gold's appeal.
     
  • Growth projections: Analysts at ING and other financial institutions predict that gold prices will peak in the fourth quarter of this year, potentially reaching $2,700 per ounce by year-end and $3,000 in the long term.
     

Trade 13 precious metal contracts with a favorable leverage of 1:1000 with FreshForex!

Buy gold till it's too late

Link to comment
Share on other sites

  • 2 weeks later...

U.S. Department of Justice sends NVIDIA stocks tumbling

NVDA.png.1873257f427796dc5d121432d89ee907.png

#NVIDIA shares plunged by 9.5% due to an antitrust investigation by the U.S. Department of Justice. This drop resulted in a $279 billion loss in NVIDIA's market capitalization, marking the largest single-session stock decline in the history of U.S. public companies.

NVDAgr.thumb.jpg.1efd04f86b2795abd6b73258bb4ff1d3.jpg

FreshForex experts have analyzed the key risk factors affecting the company’s stock value:

  • Antitrust investigation: The crash was triggered by a Bloomberg report that the U.S. Department of Justice (DOJ) has launched an antitrust investigation into #NVIDIA. Authorities suspect the company of abusing its dominant market position, making it difficult for customers to switch to other suppliers. According to sources, the DOJ has requested data from #NVIDIA that may form the basis of a lawsuit against the company.
     
  • Impact of insider trading: Experts suggest that insider information about the investigation could have triggered the sell-off of #NVIDIA shares, which has caught the attention of the U.S. Securities and Exchange Commission (SEC).
     
  • Financial performance and recession risk: Despite the stock drop, #NVIDIA's financial performance remains strong: revenue in the second quarter of the 2025 fiscal year increased by 122%, reaching $32.5 billion, while net income was $16.6 billion. The majority of the company’s revenue comes from data center products, including AI processors.

However, concerns about a possible U.S. recession and investor skepticism over the return on investments in AI infrastructure continue to pressure the market. Experts are comparing the current situation to the dot-com bubble of the 1990s, which led to a global market collapse.

  • NVIDIA’s rise and fall in 2024: Since the beginning of 2024, #NVIDIA shares have risen by 118%, and on June 20, the company briefly became the world's most valuable public company with a market cap of $3.46 trillion. However, by the end of June, the stock had dropped by 13%, resulting in a $430 billion loss in capitalization.

 

Despite its strong financial performance, NVIDIA faces serious market and legal challenges that could impact its future development. It’s important to note that the demand for innovative technologies could shift the situation, and the tech giant’s growth remains possible.

The 101% Bonus up to $2,500 is widely used by our traders, as it provides real support to endure setbacks and stay on the bullish wave.

Buy NVIDIA on the dip

Link to comment
Share on other sites

  • 2 weeks later...
Why haven't you profited from oil yet???

b531591c9f181233828a1858b9d88909.png

Oil prices are falling rapidly due to several factors:

* Increased crude production in the U.S. and other countries not part of the OPEC+ agreement.
* Decreased demand from a major consumer, China. In August, demand dropped by 7% year-over-year.

On September 10, 2024, the price of #BRENT oil fell to $68.44 per barrel — the lowest since December 2021!

d4681560054c62c211aaf0248974e126.jpg

Analysts at Gunvor and Trafigura predict that global Brent oil prices could drop to $60 in the near future. In response, eight OPEC+ member countries have agreed to extend production cuts until December 2024. However, the efforts of the commodity deal participants have yet to yield the desired results...

While traders worldwide are deciding whether to "sell with the trend or buy at a cheaper price?" we’re offering you a benefit for any trade direction by completely canceling oil swaps!

From September 16 to 29, no Swap or Swap Free fees will be charged for rolling over #BRENT and #WTI oil contracts on FreshForex platforms.

Edited by Volkov Yuriy
Link to comment
Share on other sites

Is crypto preparing for a new surge!?

d82c5e34ed6d6deed7e5cd1af4caef57.png

Since March 2024, we've witnessed a significant decline in the cryptocurrency market. During this time, the price of Bitcoin (BTCUSD) has dropped by 20-30%, and many altcoins have lost 50-70%, retesting the lows of June 2022. Market participants, especially those who bought at March highs, are growing nervous, with many questioning the future of cryptocurrencies as an investment class.

However, this correction is normal in terms of market cycles and historical metrics. Moreover, U.S. presidential candidates are using the crypto market as a key element of their campaigns. This could temporarily hold back crypto growth, allowing the winning candidate to claim future successes.

Looking closer, several powerful factors are supporting the prospects of a crypto market rebound:

* Political context: The 2024 U.S. presidential election is in full swing, and both leading candidates are focusing on blockchain technology and cryptocurrencies. This creates a favorable environment for renewed interest in crypto as an investment tool. Campaign promises and discussions around supporting blockchain could stimulate interest among both private and institutional investors, potentially driving cryptocurrency growth.
* U.S. interest rate cuts: On September 18, the Federal Reserve lowered the key rate to a range of 4.75–5%, marking the first reduction since March 2020. This move aligns with market expectations but decreases the appeal of traditional financial instruments like bonds due to their lower yields. In such an environment, investors often seek higher-yielding assets, including cryptocurrencies.
* Bitcoin halving impact: One of the key events influencing Bitcoin's price is halving — the reduction in rewards for mining new blocks. The latest halving occurred in April 2024, and its effects typically appear within 5-8 months. Historically, halving creates a supply shortage, driving up Bitcoin prices. With Q4 2024 coinciding with this period, Bitcoin could surpass previous highs, potentially boosting other altcoins as well.

FreshForex analysts believe the cryptocurrency market holds significant growth potential for the rest of the year, thanks to a combination of macroeconomic factors, political support, and the halving effect. The current correction is an excellent opportunity to enter the crypto market before the upcoming rally! Don’t miss your chance—trade and profit with us!

At FreshForex, we offer trading accounts in 7 cryptocurrencies and over 70 crypto pairs with 1:100 leverage for 24/7 trading.

Plus, get a 10% bonus on your balance with your first crypto deposit!
 

Edited by Volkov Yuriy
Link to comment
Share on other sites

Trade with Artificial Intelligence on MetaTrader 5 and earn!

spacer.png

 

In the age of digital technologies and artificial intelligence, algorithmic trading is transforming financial markets, offering new chances for profit. FreshForex, always mindful of its clients' success, brings you the latest trends and solutions in the trading world.

 

"Neural Networks in Algorithmic Trading on MQL5" is a new book proudly presented by MetaQuotes, the developer of the MetaTrader trading platform. The author, Dmitriy Gizlyk, a neural networks expert, has compiled all his knowledge into a convenient guide. The book includes seven captivating chapters, covering everything from the basics of neural networks to testing strategies in real market conditions. Dive into unique mechanisms, explore convolutional and recurrent networks, and enhance your skills with advanced data analysis techniques.

 

Discover the world of AI possibilities and create your own trading robot on the MetaTrader 5 platform! Don’t miss out on the chance to improve your trading results with AI!

 

The book is available for reading or downloading on the MQL5 website.

Read "Neural Networks in Algorithmic Trading on MQL5"

 

If you're new to algorithmic trading, we recommend starting with "MQL5 Programming for Traders" and reviewing the language documentation.

 

P.S. Until September 29, you have an exclusive chance to trade #BRENT and #WTI oil contracts without swaps and swap-free fees with FreshForex!

Link to comment
Share on other sites

  • 2 weeks later...

Markets collapse: investors flee China!

The Chinese stock market is experiencing a sharp decline following a strong rally in recent weeks. On October 8, the Hang Seng Index (#HSI on FreshForex) plummeted by 9.56%, reaching 20,893 points.

hsi1.png.ec194008220922c3147c37b4fccc8639.png

The Hang Seng China Enterprises Index, which tracks Chinese stocks traded in Hong Kong, dropped even further — by 10.9%. The CSI 300 Index of mainland China, which started the day with an 11% gain, ended with a nearly 8% loss.

hsi2.thumb.png.65f03d2f0d8ba1d55b31233246d40194.png

The main reason for the drop is growing investor dissatisfaction with the lack of new economic stimulus measures from the Chinese government. Expectations were high, especially after the National Development and Reform Commission's press conference, where economic support was promised but no concrete actions were provided. This has heightened uncertainty in the market.

What has been done previously:

  • In late September, the Chinese government announced plans to strengthen economic stimulus, promising fiscal injections and support for the real estate sector.
  • The People's Bank of China lowered reserve requirements for banks, freeing up 1 trillion yuan ($142 billion) for the market.
  • There are plans to lower mortgage rates and the down payment for second-home purchases to a record low of 15%.

 

Bottom line: The market is waiting for action. Given the history of sharp declines in the Chinese market, such as in 2015 when the CSI 300 Index lost 40% in two months, the Chinese government cannot afford a similar outcome and may direct efforts to strengthen investor confidence. Since mid-September, #HSI has experienced a steady bullish trend, and our analysts believe these trends could repeat.

Take advantage of a favorable 1:1000 leverage when trading indices on FreshForex and start profiting now!

Invest in China

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • 👍 Join TopGold.Forum Now

    The Most Welcoming & Trustworthy Earning Online Community

    Join over 25,000 members and 700 businesses on their journey to strike GOLD. 💰🍾👍

    👩 Want to make money online? 
    💼 Represent a company? 

⤴️-Paid Ad- TGF approve this banner. Add your banner here.🔥

×
×
  • Create New...