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GBPJPY retested its resistance at 193.00 and failed to close above it. The price trades below both EMAs, indicating that bearish momentum persists.

If GBPJPY extends its decline below 190.00, the price may prompt a retest to its following support at 188.00.

On the contrary, if GBPJPY breaks above the resistance at 193.00, the price may retrace further to 194.75, which is confluence with both EMA areas.

Market Updates - 10/01

🚨 Gold price attracts buyers for the fourth straight day on Friday amid some haven flows.

🚨 Japanese Yen flirts with multi-month low against USD ahead of US NFP

#forex #Gold #NFP #USDJPY

XAUUSD tested the 2664 resistance but remained below it. Despite this, the price closed above both EMAs and formed higher lows, signaling potential for further upside.

A break above 2664 and the Symmetrical Triangle's upper bound could push the price toward the next resistance at 2720.

Alternatively, a drop below 2606 might lead to a decline toward the support level of 2560.

Gold in a crucial zone

XAUUSD is trading within a narrow price range forming a harmonic triangle pattern on the daily time frame. While the Stochastic indicator below indicates a crossover in the overbought area.

Gold is also awaiting the Federal Reserve meeting and US employment data this Wednesday.

Are you buying or selling?

Here are the important upcoming news events that could affect your trading. Learn more: https://exness.social/3YjTg4g

ETHUSD seems to be trying to form a bullish head and shoulders pattern on the weekly timeframe.

The prerequisite for this pattern to be completed is for ETHUSD to rise towards $4k level again.

Pick a side

- The pattern will be completed and ETHUSD will rise

- The pattern will fail and ETHUSD will fall

From record-breaking highs to surprising lows, 2024 kept us all on our toes.

🥇 Who soared?
🛑 Who stumbled?

Swipe through to see the biggest winners and losers of the year and let us know which trend caught your eye! 👇

#MarketRecap #TradingHighlights #Exness

A look back into 2024 with 2025 already looking like an extraordinary year ahead. We're excited to have you onboard. 🚀

The information in this post refers to data from January 1 to December 8, 2024.

*Spread reduction refers to spreads in Pro accounts, sampled over the last full trading week of April 2024 vs. the last full trading week of August 2024.
**Spread reduction refers to spreads in Pro accounts, from 5 October 2024 onwards.
***Spread reduction refers to spreads in Pro accounts, sampled over the last full trading week of April 2024 vs. the last full trading week of August 2024.

🎄 As the holiday bells jingle and whispers of the Santa Claus rally fill the air, we look back on 2024 with gratitude for the trades, triumphs, and lessons learned.

To our partners and clients, your resilience and trust have been the foundation of our success. Here’s to another year of smart trading, growth, and prosperity. May the holiday season bring you peace, happiness, and exciting opportunities in the year ahead! Thank you for being part of our journey.

Warm holiday greetings from all of us at Exness 🌟

Could the US dollar continue to grow after the Fed’s interest rate decision?

- The dollar index (DXY) remained unchanged as caution prevailed ahead of the Federal Reserve’s anticipated interest rate cut.
- Markets are pricing in a 97% chance of a 0.25% rate cut, with traders focusing on the updated economic projections and Fed Chair Powell’s post-meeting comments.
- Speculation is also growing that the Fed may signal fewer rate reductions in 2025 than previously indicated, with some traders anticipating a pause in January.
- As DXY stays above both EMAs, both EMAs diverge and trend upward, suggesting a bullish continuation, at least in the short term.
- If DXY breaks below 106.00, the price could accelerate selling pressure, targeting the 105.40 support level.
- On the contrary, DXY may test the resistance level at 107.55 if the price rebounds from the 106.00 support.

Disclaimers: This is not investment advice. Past performance is not an indication of future results. Your capital is at risk, please trade responsibly.

Trading is risky. Excess volatility increases risks further. Be cautious. As with all major economic releases, there could be significant price volatility with this type of announcement. Volatility may work against you as well as for you.

USOIL extended its decline despite a delay in the OPEC+ production hike. What's the outlook ahead for USOIL?

- Oil prices extended their decline as OPEC+'s decision to delay restoring production failed to boost market sentiment amid ongoing oversupply concerns.
- The group plans to gradually increase output starting in Apr 2025, with production cuts phased out over 18 months, slower than initially anticipated.
- USOIL extended its decline within the descending channel and closed below both EMAs, indicating further downside potential.
- If USOIL breaks below 67.00, the price could weaken toward the channel's lower bound and support at 65.00.
- Conversely, a breakout of the channel's upper bound could prompt a rise toward 72.00.

Disclaimers: This is not investment advice. Past performance is not an indication of future results. Your capital is at risk, please trade responsibly.

Trading is risky. Excess volatility increases risks further. Be cautious. As with all major economic releases, there could be significant price volatility with this type of announcement. Volatility may work against you as well as for you.

Can a Fed rate cut slow the decline of gold prices?

- Gold prices slipped, pressured by outflows from gold ETFs. Global gold ETFs reported a net loss for the first time in six months, with a 2.1 bln USD outflow in Nov and assets under management dipped 4%.
- However, this month's expectations of a Fed rate cut of 0.25% reached around 70%.
- Meanwhile, the dollar's seasonal bearish pattern in Dec could limit any downside in gold prices alongside the potential rate cut.
- XAUUSD closed below both EMAs as the price consolidated without any clear market structure.
- If XAUUSD rebounds above the ascending trendline and support at 2610, a further rise toward the resistance at 2720 might occur.
- Conversely, a break below the trendline and 2610 support could prompt a decline toward 2550.

Disclaimers: This is not investment advice. Past performance is not an indication of future results. Your capital is at risk, please trade responsibly.

Trading is risky. Excess volatility increases risks further. Be cautious. As with all major economic releases, there could be significant price volatility with this type of announcement. Volatility may work against you as well as for you.

Bitcoin hits $100,000🚀
If you are reading this, you are witnessing a monumental moment in financial market history😏
What's behind Bitcoin's rise to 100k?
Follow our page & never miss another market move💥

Will a renewed tension in the Middle East boost gold prices?

- Fed Governor Waller signaled support for a Dec rate cut, while NY Fed President Williams hinted at a shift toward neutral policy.
- According to CME FedWatch, markets price over 70% chance of a 0.25% cut at the Dec FOMC meeting.
- Meanwhile, gold prices remain supported by ongoing Middle East tensions despite a ceasefire.
- XAUUSD is between both EMAs, indicating a sideways structure. The price trades within the 2606-2664 range, and the market awaits an apparent breakout.
- Closing above the resistance at 2664 may prompt a retest at the following resistance of 2720.
- On the contrary, if XAUUSD closes below 2606, the price may retest the subsequent support at 2560.

Disclaimers: This is not investment advice. Past performance is not an indication of future results. Your capital is at risk, please trade responsibly.

Trading is risky. Excess volatility increases risks further. Be cautious. As with all major economic releases, there could be significant price volatility with this type of announcement. Volatility may work against you as well as for you.

How long can OPEC+ sustain oil prices amid signs of slowing oil consumption?

- Oil prices rose ahead of the OPEC+ meeting, which is expected to extend production cuts until the end of 1Q2025.
- In the Middle East, the ceasefire agreement remains fragile, with threats of termination if either party violates the terms, providing support for oil prices.
- Global oil demand could remain weak, with expectations of peaking China's crude imports next year as transportation fuel demand declines. This factor can pressure oil prices in the long term.
- USOIL rebounded to trade between both EMAs, showing a narrower sideways range and may indicate a potential breakout in the short term.
- If USOIL closes above its resistance at 71.50, the price may retest the following resistance at 76.74, turning the price structure upward.
- Conversely, if USOIL plunges below its support at 66.50, the price may plunge lower to the next target at 60.00.

Disclaimers: This is not investment advice. Past performance is not an indication of future results. Your capital is at risk, please trade responsibly.

Trading is risky. Excess volatility increases risks further. Be cautious. As with all major economic releases, there could be significant price volatility with this type of announcement. Volatility may work against you as well as for you.

AMD Stock: Is the Price Exploding?

Technically, tight movements are known to be an indication of an impending price explosion, either upwards or downwards. Here, AMD stock on the weekly time frame is moving within a tight range between an uptrend line and a downtrend line and seems to have reached a convergence point. While the Stochastic below indicates an oversold zone.

Are you buying, selling, or waiting for a breakout?

As expected after the republican victory: BTCUSD touches a new all-time high at $75,400!

BTCUSD broke its previous all-time high and reached $75,400 level.

The price may continue its path towards higher levels if it maintains its stability and closes 2 daily candlesticks above $74,000

What new all-time high do you expect for BTCUSD?

BTCUSD extended its rally, with a widening gap between the EMAs indicating potential for further gains. However, it is worth noting that the price is currently testing the upper bound of the ascending channel near 72,800, which coincides with the 100% and 78.6% Fibonacci extensions.

If BTCUSD retreats below 72,800, the price could retrace toward the 69,000 resistance-turned-support zone.

Conversely, if BTCUSD sustains its bullish momentum with a bullish breakout of the channel and 72,800 resistance, the price could extend gains toward the 100% Fibonacci extension at 75,800.

Are you buying or selling?

Caution! This chart may look extremely bullish, but before setting your TP to $75K or higher, keep in mind that there's a clear overbought signal from the Stochastic indicator below. Safe trading.

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XAUUSD consolidated following a retreat below the 2660 resistance. The price remains above both EMAs, indicating potential for further gains.

If XAUUSD regains its bullish momentum with a break above 2660, the price could rise toward the 2685 swing high.

Conversely, a retreat below 2660 could prompt a retest of the 2630 support. A break below 2630 could lead to a deeper retracement, with 2600 as the next potential support.

Are you buying or selling?

Your strategy deserves tighter spreads. So that's what we give you. Over the past three months, we’ve reduced our gold spreads by 20% 🚀. When you trade with Exness, you trade with the best spreads on gold, period.

*Best spreads refer to the average or maximum spreads offered by Exness, excluding agents’ commissions for XAUUSD, for the first two seconds after high-impact news, from January to May 2024, compared with five other large brokers.

Stay informed to stay ahead. Keep an eye on these instruments as the presidential race unfolds.

Tesla’s stock rises 2% as investors await the game-changing robotaxi launch and Q3 sales report. Analysts predict a 6% rise in deliveries, with bullish forecasts expecting 470,000 EVs delivered.

Will Tesla’s innovation drive the stock even higher? 🌟

Learn more: https://www.aol.com/finance/tesla-stock-pops-amid-bullish-181255520.html

Bitcoin remains stable at $65,000 amidst significant ETF inflows, reflecting growing investor interest amid Fed rate cut speculations and economic data impacts.

What do you think will be the next move for BTC? 🚀💰

#Bitcoin #CryptoNews #ETF #Investing

Gold (XAU/USD) continues its bullish run, fueled by positive ETF flows, China’s stimulus measures, and geopolitical uncertainties.

With prices nearing $2,650, will gold break through to new highs? Stay informed with the latest market insights. 🌍💰

#GoldPrices #MarketUpdate #Investing

Recent policy easing by major central banks like China’s PBoC, which announced significant stimulus measures including a 50-basis-point cut in reserve requirements, alongside the Fed’s recent rate cuts, has sparked market optimism.

How do you think these moves will impact Bitcoin and the broader crypto market? Share your thoughts! 🌍📈

#Bitcoin #CryptoMarket #CentralBanks

Exciting news in tech! Alibaba Cloud and Nvidia are teaming up to revolutionize autonomous driving with AI. Alibaba’s Qwen AI model will enhance Nvidia’s Drive AGX Orin platform, paving the way for smarter cars and advanced in-car experiences.

What impact do you think this collaboration could have on Nvidia and Alibaba stocks? Share your thoughts below! 🚗💡

Learn more here: https://readwrite.com/alibaba-and-nvidia-team-up-to-create-autonomous-driving-solution/

#AutonomousDriving #AI #TechInnovation #StockImpact

Hello,

We have finalised the list of winners of EURUSD forex challenge and the reward will be credited to their accounts soon.

Please share your Exness account number and email address with us via inbox via Instagram so we can check your results and let you know.

Could Platinum be your next big trade? 📈
Watch our weekly market outlook via the link in our bio and take a closer look at Platinum: https://www.youtube.com/watch?v=YNm8e4-Icgw

Is EURJPY Forming a Bullish Bat Pattern?

EURJPY is moving in an uptrend on the weekly time frame, and it seems to be forming a bullish harmonic bat pattern. The stochastic indicator below is also trading in bullish zones.

XAUUSD extended its rally following a rebound above the EMA21 dynamic support. The widening gap between both EMAs indicates the potential for further gains.

If XAUUSD sustains its bullish momentum and breaks 2680, the price could rise to the ascending channel's upper bound near 2780.

Conversely, reversing below 2680 could prompt a retracement toward the demand zone and channel's lower bound near 2520.

Are you buying or selling?

Oil prices surged in Asian trade today as tensions in the Middle East escalated, adding a risk premium to crude. 🌍✨ Simultaneously, optimism over recent Fed interest rate cuts boosted hopes for increased economic growth and crude demand. 📈⛽️

Brent crude futures climbed to $74.83/barrel, while West Texas Intermediate rose to $70.41/barrel. 📊🛢 Stay tuned for more economic cues this week as Fed officials speak and key inflation data is released. 🔍💬 #OilPrices #MiddleEastTensions #FedRateCut #EconomicNews