GBPAUD spreads slashed by 30%

Plus, exclusive expert insights for the week                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         [FBS]( [Update & Win]( [Log in]( [FBS]( Instrument of the Week Each week, we’re featuring a trading instrument with a reduced spread. This week’s star is... [FBS] GBPAUD with the spread lowered by 30%! [Take action]( Seize the moment and make the best of the enhanced conditions. [fbs] Top Gainers Last Week • Snap Inc. (#SNAP) +42.98% Snap Inc.’s stock price surged by 42.98% due to better-than-expected first-quarter financial results and a positive revenue outlook from its online advertising business. • AUDJPY +4.25% AUDJPY rose primarily due to higher-than-expected Australian CPI data, which strengthened the Australian dollar, coupled with a steady Bank of Japan policy rate that continued to weaken the yen. [Trade AUDJPY]( [fbs] Top Losers Last Week • Starbucks Corporation (#SBUX) -14.70% Starbucks Corporation shares dropped by 14.70% following the company’s report of lower-than-expected quarterly earnings, decreased same-store sales both domestically and internationally, and a downward revision to its 2024 financial outlook. • EURAUD -1.43% EURAUD declined as the Australian dollar strengthened on higher-than-expected CPI data, while the Euro weakened due to disappointing manufacturing PMI figures from both France and Germany. [Trade EURAUD]( [FBS]( [android] XAUUSD On the H4 timeframe, XAUUSD, which had been experiencing a short-term bearish trend, formed a descending wedge pattern. While this pattern typically suggests a bullish reversal, the prevailing bearish sentiment remains robust. [FBS]( • If the price breaks above the trend line and surpasses 2310, it is likely to ascend towards 2350. • Conversely, a bounce from the trend line would signal a continuation of the decline, targeting 2270. [android] US500  After reaching a new all-time high, the US500 began a downtrend and exhibited high volatility. The price has now approached the downtrend line once more, testing resistance levels. [FBS]( • If the price breaks above the trend line and surpasses 5090, it is likely to initiate a bullish trend once again, targeting 5150. • Another rebound from the trend line would likely lead the US500 back towards the support level at 5020. [android] USDCHF In the daily timeframe, USDCHF is currently in a bullish trend, with the price reaching last year’s high before retracing to the trend line [FBS]( • If the price breaks below the trend line and maintains support below 0.9070, we can anticipate a decline towards 0.8900. • A bounce from the trend line would likely propel USDCHF back towards resistance at 0.9210. 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, 16 out of 21 ideas from FBS analysts were accurate! [XAUUSD idea]( could’ve brought 2000 points. [XAUUSD idea]( could’ve brought 1500 points. [Join trading community]( [FBS]( What Is A Bull Market? Explore the ins and outs of bull markets in our comprehensive article. From understanding their definition to navigating risks and seizing opportunities, we’ve got you covered. Read now for expert insights and actionable tips. [Read full article]( Do you like our Weekly Digest? [YES]( [NO]( [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 [google_play]( [apple_stor]( 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. [instagram]( [facebook]( [twitter]( [telegram]( [youtube]( [Web Version](  |  [About FBS](  |  [Unsubscribe]( Trusted by traders