Key economic insights & dashboard updates [FBS]( [[fbsanalytics] FBS Analytics]( [Personal Area](
[What's fresh this week?] Instruments of the Week
Each week, we’re featuring trading instruments with reduced spreads. This week’s stars are... [FBS] COIN & MARA, with spreads lowered by 20%! [Go to Trader Area]( Seize the moment and make the best of the enhanced conditions. [fbs] Top Gainers Last Week
• 3M, Inc. (MMM) +11.82%
The stock’s shares rose after the company appointed William M. “Bill” Brown as its new chief executive officer.
• USDJPY +1.58%.
The upcoming Bank of Japan (BoJ) meeting may include an interest rate hike from negative levels, marking the first such adjustment in eight years. The dollar strengthened due to robust CPI and PPI data, leading to a reconsideration of the expected rate cut at the June FOMC meeting. [Trade USDJPY]( [fbs] Top Losers Last Week
• Adobe Inc. (#ADBE) -10.74%
Adobe shares dropped on Friday following the announcement of record revenue, despite a generally strong market and AI-driven stock performance. However, a subdued outlook for Q2 fiscal 2024 marked a 20% decrease since Feb. 1.
• NZDUSD -1.49%
New Zealand’s manufacturing industry marked an unhappy anniversary on Friday as the sector contracted for a twelfth straight month, weakening the NZD. [Trade NZDUSD](
[android]
EURUSD
On the H4 timeframe, EURUSD remains in a long-term uptrend, with the price recently rebounding from the trendline. Testing the 1.0900 resistance level presents two potential trading scenarios. [FBS]( • Overcoming the 1.0900 resistance could propel EURUSD toward 1.0970. • Conversely, a corrective pullback could return the asset to the 1.0870 support and the 38.2% Fibonacci level. [android]
USDJPY
The asset is currently up against a significant resistance at 149.30, right at the golden Fibonacci ratio, with the 100-MA adding another layer of resistance. [FBS]( • Breaking through the formidable 149.30 resistance could signal a bullish momentum, leading the asset towards 150.70. • Conversely, a rejection at this golden ratio might see the price retracting to 148.20. [android]
US500
The US500 index broke below the rising wedge pattern and tested significant resistance at 5150. [FBS]( • If the asset successfully overcomes the resistance at 5150, we can expect a sharp rise toward 5200. • On the other hand, a failure at this level could send the asset down toward 5050. FBS tips and analytics do not constitute a call to trade, trading advice or recommendation and are for information only. [Enhance your strategy]( [fbs]( Look For More Insights in Our Telegram
In our Telegram channel (which is in English), you will find the most up-to-date trading ideas. More importantly, you will connect with a community of like-minded traders.
Last week, 12 out of 17 ideas from FBS analysts were accurate! [US500 idea]( could’ve brought 5700 points. [USDJPY idea]( could’ve brought 1000 points. [Join trading community]( [fbs](
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