Your EURUSD insights for the week
What's your favorite platform? Scroll down if in doubt
| |  | | Exciting Week Ahead For EURUSD! |  |
| | Do you trade EURUSD, Sulpicio Jala Casil Jr? The upcoming event may have a significant impact on the currency pair. | | • | On Thursday, August 29: The US gross domestic product report. |
| | Click the button below for a detailed analysis. | | |
|
|  | Top Gainers Last Week |
| | • Zoom Video Communications, Inc. +17.62% | | Zoom Video Communications' stock surged last week due to a stronger-than-expected earnings report, with earnings per share at $1.39 (vs. $1.21 expected) and revenue reaching $1.16 billion, up 2.1% year-over-year. | | |
|
| • NZDUSD +1.75% | | The NZDUSD climbed after the Reserve Bank of New Zealand kept rates at 5.5%, along with the US dollar weakening due to the Federal Reserve signaling possible rate cuts in September 2024. | | |
|
|
|
|  | Top Losers Last Week |
| | • Macy's, Inc. -10.66% | | Macy's Inc. stock dropped after disappointing Q2 2024 results, including a 3.8% year-over-year revenue decline to $4.9 billion and a downward revision of full-year sales guidance, reflecting a tough retail environment and cautious consumer spending. | | |
|
| • USDCHF -1.60% | | The USDCHF declined last week, driven by expectations of US Federal Reserve rate cuts, the Swiss franc strengthening as a safe-haven asset, and a weaker-than-expected US Flash Manufacturing PMI. | | |
|
|
|
|  | | | | XAUUSD has formed an inverted head-and-shoulders pattern in a long-term bullish trend. The price reached the neckline area, updating the historical maximum. However, a divergence was formed on the MFI. |
| | • | If the bulls push the price above the resistance of 2520, it may rise to the resistance of 2600; |
| | • | A rebound from the resistance is likely to start the Gold's correction to 2430. |
|
|
|
|
|
|
| | | | | NZDUSD has been in a short-term bullish trend, reaching the Fibonacci Golden Pocket and forming a triple-top pattern. |
| | • | If the bulls push the price above the resistance at 0.6190, the upside can be 0.6340; |
| | • | A rebound from the resistance may start a bearish scenario with a decline to 0.6050. |
|
|
|
|
|
|
| | | | | In the Daily timeframe, XNGUSD fell to the critical support level after a long-term rise and is now consolidating near 61.8 Fibonacci. |
| | • | If the bears break through the 2170 support, the price could drop all the way to the 2000 level; |
| | • | If the bears break through the 2170 support, the price could drop all the way to the 2000 level; |
|
|
|
|
|
|
|
| | *FBS tips and analytics do not constitute a call to trade, trading advice or recommendation and are for information only. | | |
|
|  | Look For More Insights in Our Telegram |
| | You will find the most up-to-date trading ideas in our English-language Telegram channel. Moreover, you can connect with a community of like-minded traders here. | | Last week, 14 of 18 ideas shared by FBS analysts were accurate. | | | | |
|  | | Know Your Trading Platforms | | In our today's article, we break down the features of top trading platforms and show you how the FBS app lets you trade seamlessly, right within the app. | | Click the button below and find out what makes the FBS app the perfect choice. | | |
| | | | | Help Center | Log in | | You received this email because you registered at fbs.com. | | If you have any questions, please contact us via email at support@fbs.com | | | | Risk warning: Before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience. | | |
| | |
|
|
Analytics 
Mastering Approach to Swing Trading In the dynamic and often intricate world of stock trading, the name Mark Minervini stands out with consi...
Japanese candlesticks: core basics They could be called hotdogs if they were invented in the USA. However, around five centuries ago, Japan...
No comments:
Post a Comment