Technical My Tips

🚀 GBPUSD grows ahead of Fed rate decision GBPUSD moved bullishly near its one-week high of 1.31600 on Friday as traders expected a U.S. rate cut and the U.K.'s key rate to remain unchanged this week. 👉 Possible effects for traders Bulls were encouraged by reports indicating that the Federal Reserve (Fed) could consider a significant 500-basis-point (bps) rate cut. The large reduction could significantly increase GBPUSD's exchange rate, potentially testing its 2024 high at 1.3270. Based on the CME FedWatch Tool, there is now a 59% probability of a 50-bps rate reduction at Wednesday's meeting, up from less than 50% chance days earlier. Henry Allen, a macro strategist with Deutsche Bank, stated: ‘a couple of articles published in the Wall Street Journal and Financial Times suggested that a 50-basis-point move was still possible, which led markets to re-evaluate their expectations once again. This was surprising to investors, who had increasingly been pricing in a 25-basis-point rate increase, not least following Wednesday's slightly stronger-than-expected core CPI inflation print’. In contrast, the Bank of England (BOE) is expected to maintain its current interest rate unchanged at 5% on Thursday. IRPR indicates an 80% likelihood of this scenario after the 25-bps reduction last month. The result is that U.S. rates are seen moving lower faster than the U.K. base rate, which should support GBP. The question is when the BOE will follow the path of other central banks and continue to cut the key rate. On Wednesday, the market will wait for U.K. Consumer Price Index (CPI) data, which will give more clues on future BOE monetary policy. GBPUSD has been trading bullish during Asian and early European trading hours. The pair tries to break above and hold the 1.31600 resistance level. Today, no major events could influence the pair's dynamics. Analysts predict low volatility while maintaining the already established trends. Sign Up Now ➡️ https://bit.ly/attocta

🚀 EURUSD is in an uptrend, but tension rises ahead of Fed rate cut decision The euro (EUR) was essentially unchanged against the U.S. dollar (USD) on Friday despite reports that the Federal Reserve (Fed) may be willing to cut its base rate by 50 basis points (bps) later this week. 👉 Possible effects for traders There is no doubt that the Fed will reduce its interest rate at the 18 September meeting, but there is still a large degree of uncertainty about the size of the cut. According to the CME FedWatch Tool, traders have priced in a 59% probability of a 50-bps rate reduction and a 41% probability of a smaller 25-bps rate cut. Wall Street Journal and Financial Times reported that a more significant reduction was still an option for the U.S. central bank and that former Fed officials were arguing for an ‘outsized cut’. At the same time, Friday's U.S. Consumer Sentiment report came out higher than expected, rising to a four-month high in September and raising doubts about the size of a reduction. Overall, the uneasiness may continue haunting the markets until the Fed provides clear guidance this Wednesday. Meanwhile, the European Central Bank (ECB) has already indicated that it doesn't intend to cut the rates too hastily. Thus, the divergence in monetary policy expectations between the ECB and the Fed continues to favour the euro. Interest rate swaps market data implies that traders currently expect the Fed to be two times more dovish than the ECB over the next 12 months. EURUSD was rising during the Asian and early European trading sessions. Today's macroeconomic calendar doesn't feature any significant market-moving events, so volatility may remain low. Traders will likely avoid opening large positions ahead of the highly anticipated Fed decision this Wednesday. Sign Up Now ➡️https://bit.ly/attocta

🚀 Gold (XAU) surges to a record high on USD weakness Gold (XAU) hit a record high on Friday, bolstered by a weaker U.S. dollar (USD) and declining bond yields. Rising expectations of a substantial U.S. interest rate cut this week fueled demand for safe-haven assets. 👉 Possible effects for traders Gold rose above $2,580 on Friday. According to CME's FedWatch Tool, Fed fund futures show a 59% chance of the Federal Reserve (Fed) opting for a 50-basis-point (bps) cut and a 41% probability of a 25-bps reduction. This follows weak August nonfarm payroll data and signs of softening in the labour market. Lowering U.S. inflation and the European Central Bank's recent interest rate cut show confidence in declining regional inflation, which supports gold prices. Additionally, U.S. political uncertainty ahead of the November election and ongoing geopolitical risks continue to support demand for safe-haven assets like gold. Reports of a second assassination attempt on Republican presidential candidate Donald Trump at his Florida golf club this Sunday have further increased demand for bullion. The continuing Russia-Ukraine conflict, increasing instability and the risk of escalating tensions in the Middle East also support XAUUSD. XAUUSD was rising during the Asian and early European trading sessions. Today, no major macroeconomic events could trigger a strong move in the market. This week, investors will be closely watching the crucial Federal Open Market Committee (FOMC) interest decision and the policy meetings of the Bank of England and the Bank of Japan, which could introduce market volatility and influence the movement of gold. ‘Spot gold may test resistance at $2,598 per ounce, as a break above could open the way towards the $2,611 to $2,619 range’, said Reuters analyst Wang Tao. 📲 Sign Up Now ➡️https://bit.ly/attocta

Happy Monday, Happy New Week 💚 The bulls are here, but the bear seems missing 🤔 How do you feel the market will open?🤔 Up 👍 Down 👎 Flat 😭 Don't know 😂

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#economic_calendar This event may affect the market on 16 September. 🔥 Sign Up Now ➡️https://bit.ly/attocta Don't Forget To Get 100% Deposit Bonus Use Promo Code ➡️ PARTNERS

Good Morning 🙏 Hope you guys had a pleasant weekend with your family. May the the week ahead be filled with an abundance of Magnificent moments & miracles. Be discipline and always do the best in everything you do in your life. Prepared your account for Next week guys. Let’s rob USD as much as we can this upcoming new week!! 💥💵

Like the varied delights of a Sadya, investments too can flourish when balanced. Wishing you a prosperous Onam. #HappyOnam #AngelOne

Platinum, like gold and silver, is a precious metal but tends to be more volatile. Its unique role in industries like automotive and jewelry makes it valuable, with performance often linked to economic growth. For long-term investors, platinum’s limited supply and rising industrial demand offer strong diversification potential. Trade Commodities: https://bit.ly/attexpertoption

💫 Market Metrics: Weekly Roundup ⭐ Sensex: 82,890.94 ⬆️ ⭐ Nifty 50: 25,356.50 ⬆️ ⭐ Nifty Bank: 51,938.05 ⬆️ ⭐ Nifty Smallcap 100: 19,505.95 ⬆️ ⭐ Nifty Midcap 100: 60,034.05 ⬆️ ✨ Market Performance Key Takeaways For The Week 🌟A festive week pushed the markets out of last week’s turmoil as Nifty50 registered a significant gain of 2 percent for the week and closed way above the expected critical resistance zone at 25,350. 🌟There now appears to be no immediate signs of weakness, and 25,200 serves as immediate support, while 25,000-24,970 is seen as strong support. On the higher side, 25,500-25,600 could act as resistance, followed by 25,800 being the next retracement resistance. 🌟Market participants are advised to closely monitor the levels and setup their trades accordingly. They should also identify the right themes for outperformance opportunities. 🌟BANKNIFTY had a great run as it gained the ground lost last week and also staged a breakout from its short-term consolidation phase, closing above its prior swing highs at 51,950. The 51,400-51,300 band could now offer some immediate support, and the 52,200-52,300 zone could offer stiff resistance. ……………………………………………………………………………… ✨ News Highlights For The Week 🌟Adani Group denies Hindenburg allegation that Swiss government has frozen its $310 million in bank accounts. 🌟 TCS is working with Tata Electronics to build the first made-in-India chips. 🌟RBI Governor Shaktikanta Das flags concerns for banks with large commercial real estate exposure, saying they might be short-seller targets. 🌟 RBI cancels registration of four NBFCs, accepts surrender of registration from 13 others. 🌟India’s securities regulator SEBI considering tighter oversight on micro-cap firms going public. ————————x——————— Technical My Tips: The market wrap for today is here!📉📈 How was your day?🤔🤔 Good 👍 Bad 😭 Okay okay 😂 Great day ❤️👏 Open Free Demat Account Now: https://bit.ly/tltangelone Sources: Angel One Research | Mint | Mint | ET | ET |  BS Date: September 13, 2024

Weekly crypto analysis: Bitcoin overview for 13 September Bitcoin has been correcting since mid-March 2024 after a late 2023–early 2024 rally. Price held 0.618 Fibonacci level at 55,000.00 on the weekly chart, showing a bullish mid/long-term outlook. Daily timeframe reveals price rebounding from 0.618 Fibo level 3 times, forming falling wedge pattern and turning MACD green. The price is likely heading to a 0.786 Fibonacci level at 63,300.00 with resistance at SMA200. Fed interest rate decision may impact Bitcoin's long-term prospects. What are your thoughts on this news? Let us know in the comments! Want to trade with this information? To get started, follow the link #Trading #Forex #WeeklyTradingCalendar #MarketUpdates #Investing

Here is a happy friday market wrap!🥳🤩 The market closed on a flat note, did your portfolio too?🧐 Yes 👍 No 👎 Great note 😂 Bad note 😭