FreshForex broker

Weekly Outlook: Oil, Natural Gas

https://freshforex.com/netcat_files/...00139252170a4b

Dear clients,


Forecasts of a warmer weather cooling down the prices on gas, as oil is slowly correcting. This time we'll be looking at these instruments and their movements.


Join us*on December 21 at 12:00 GMT.


During webinars, FreshForex analyst will answer your questions regarding the market situation and comment on the latest news.


Ways to go: ECB's highest rate in 13 years

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Dear clients,


The European Central Bank raised its key rate by 50 basis points to 2.5%. This is the highest rate since January 2009. The central bank warns that aggressive rate hikes are far from over. Like the US Federal Reserve, the ECB expects to bring inflation to the level of 2%. Experts expect to see the final rate in the region of 3.5%.


Although rate hikes have slowed down, compared to previous moves of 75 basis points, President Christine Lagarde insists that investors should not read too much into that. Shorter moves are still acceptable, she said,even while acknowledging that a “shallow” economic slump is likely to have arrived.


The forecasts for inflation have also been revised, the target value of 2% is expected only by 2025. In particular, the scenario of a "relatively short" recession is being considered.


The surprise effect. How the Bank of Japan blindsided the markets

https://freshforex.com/netcat_files/...8db27116d043f0

Dear clients,


The Bank of Japan shocked markets after it unexpectedly revised its yield curve control policy, signaling that the last stronghold of minimum interest rates among developed countries is gradually moving towards policy normalization.


Japanese government and treasury bonds tumbled while the yen soared after the BOJ raised its benchmark yield cap to around 0.5% from 0.25%. Such a move surprised almost all analysts who did not count on any revisions, at least until the change in the bank's management.


The sudden decision could have a noticeable ripple effect in global financial markets, as the BOJ's unwavering commitment to protecting its 10-year yield cap has acted as an anchor, indirectly helping to keep borrowing costs low around the world. However, some analysts believe that this move is primarily aimed at improving the functioning of the bond market, rather than tightening monetary policy.


According to experts, the surprise effect is the Bank of Japan's signature move to achieve its strategic goals. So far, the biggest shock from the central bank in recent times was the decision in October 2014 to expand the easing program.

Meet the '23 with 14th! iPhone 14 Plus raffle from FreshForex

https://fx-online.org/netcat_files/6...e19781e080d40d

The New Year is right on our doorsteps, and with it the festive mood, the holiday atmosphere that fills everything around. And to make this time even more special, we have prepared not one nor two gifts: we'll giveaway 200 iPhones of the 14th model!

Entering the raffle is extremely easy, in the period from 22.12.2022 to 19.01.2023:

1. Make a deposit from $202;

2. Close transactions with a volume of 3 lots or more;

3. Share the draw on your social networks.

In addition, a prize pool of $1,000 will be shared among the 10 participants with the most likes under the repost.

Winners will be randomly selected by January 23rd and will receive a notification to clarify the details*.

Participate, trade, share and may the New Year's miracle smiles upon you.

*If it is impossible to send the prize to the Client's address, or at the written request of the Client, the Company reserves the right to credit the face value of the gift to the Client's trading account in US dollars.

One-two-three: 123% drawdown bonus!

https://fx-online.org/netcat_files/6...f6f068be0c80c7

Dear clients,

Due to the upcoming celebrations, FreshForex has a special holiday offer for you. Until January 20, make a deposit from $101 and get a 123% drawdown bonus to your account.

Support your account during a drawdown or increase your trading volume and let this year end with a profit, and the next one begin with it!

We wish you a Merry Christmas and a Happy New Year!

Market's Number One

https://fx-online.org/netcat_files/6...5b5e38d6bcd733

Dear clients,

Tesla has overtaken Apple as the most popular stock among retail investors in 2022, according to research firm Vanda. A large decline in the price of the electric car maker led to a surge in acquisitions.

Cumulative net retail purchases of Tesla shares are up 424% to $15.41 billion this year from $2.94 billion in 2021. That's higher than Apple's $15.21 billion, up 18% from $12.85 billion in 2021.

Tesla continues to maintain a fairly broad reach, with shares accounting for about 11% of the average retail portfolio. Investment in Tesla dwindled when the company did a 3-for-1 stock split in August, but it has since outperformed the iPhone maker.

Elon Musk's actions as CEO of Twitter damaged the stock quite a bit. Tesla shares are approaching a 60% drop in 2022 with their worst performance since their 2010 listing. YTD losses outpace the S&P 500's 18% and Nasdaq 100's 31% decline. In turn, Apple shares lost 23% in a year.

According to experts, the situation may change after Musk transfers leadership of the social network and refocuses on the company.

In general, Tesla, Apple and other tech giants have suffered this year due to a sharp rise in borrowing costs. The Fed continues to raise interest rates and investors worry about a looming recession.

"Shorts" out of season

https://fx-online.org/netcat_files/6...7c2c2ac28e419d

Dear clients,

The sharp drop in U.S. stocks this year has boosted the returns of shortists, who may finally be celebrating their first annual gain since 2018, thanks in part to betting on Tesla, Amazon and other mega-cap stocks that have been building markets for years.

According to S3 Partners, an analytics firm, short sellers — investors who bet on a company’s share price to fall — generated $303.7 billion in realized and unrealized profits in 2022. This is four times more than in 2018, their last profitable year.

The most attractive shorts were Amazon, Meta Platforms, Apple Inc and used car dealer Carvana Co. Tesla's collapse was especially helpful for shorts. The S&P 500 fell nearly 19% on its way to its biggest annual percentage decline since 2008 after the Fed's rate hikes dried up risk appetite.

According to experts, this year was favorable for shorting, as the economic environment stood against the entire market. For years, short positions just didn't work.

Not all short strategies have worked out this year, however. According to data provider HFR, hedge funds that bet on rising or falling stock prices lost 9.7% in November.

Recent years for the "bears" were quite difficult. The anti-covid measures of 2020 brought a loss of $241.7 billion, and in 2021 the shorts lost another $142.4 billion when big rallies in meme stocks like GameStop hurt firms that were betting against such companies.

Gold for the Win
https://fx-online.org/netcat_files/6...c9d439f7d0e0c3
Dear clients,

Gold prices rose above $1,800 an ounce as China lifted lockdown measures and inflation in the US decline. The metal returned to July levels, having won back a two-year minimum of September.

Gold is up more than 9% this quarter on the back of a dollar retreat and hopes that the Fed will slow down its aggressive monetary tightening.

Markets cheered up after Friday's data from the US, which indicated lower inflation and consumer spending, which could dampen the need for further rate hikes. A positive signal was the steps taken by the largest consumer of gold, China, to fully return to the market.

The best gift for a trader is profit, so why wait for the New Year — use the drawdown bonus 123% now!

Looking for the best strategies for the cryptotrading
https://fx-online.org/netcat_files/6...d091fdca322fd4

Dear clients,

As cryptomarket has yet to recover for the recent events, it would be unwise to waste the opportunities provided by the turmoil. This time we'll continue the topic of cryptocurrency and pick the best trading strategies.

Join us*on December 28 at 12:00 GMT.

During webinars, FreshForex analyst will answer your questions regarding the market situation and comment on the latest news.

Back to the Future. Tesla shares at the level of 2020
https://fx-online.org/netcat_files/6...c57d137802ad21
Dear clients,

Decline in Tesla Inc. accelerated on Tuesday, continuing their longest black streak since 2018. The announcement of a possible temporary shutdown of production in China due to new outbreaks of the disease raised doubts about the risks of demand.

Shares of Elon Musk's company tumbled down 11% to $109.10, the seventh consecutive drop and the sharpest one-day drop since April.

The news of the Shanghai production cuts comes on the heels of a report that Tesla is offering American consumers a $7,500 discount to ship two of its highest-volume models before the end of the year, adding to fears of declining demand. For Tesla, whose value depends on its growth prospects, these concerns represent a significant risk.

The hope that Tesla will become a leading company in an EV-dominated future led to an impressive eightfold rally in the stock in 2020, earning its place in the S&P 500 and at one point making it the fifth most valuable stock of the group.

In this year however, the manufacturer lost about $720 billion in shareholder value. The crash is one of the biggest drivers behind the S&P 500's decline in 2022 after Amazon.com Inc., Microsoft Corp. and Apple Inc.

However, the overall analyst stance on Tesla remains bullish, with the highest share of buy or equivalent ratings since early 2015. In their opinion, despite stock performance, Tesla's innovation curve is accelerating, in stark contrast to other big tech companies whose product updates seem stagnant at best.

A Rough Year
https://fx-online.org/netcat_files/6...70c4a36940e8f6
Dear clients,

Asian equities rallied while European and US stock futures fluctuated on the final trading day of a rough year for financial markets, with stocks and bonds posting their worst annual gains in more than a decade.

Stock benchmarks in Japan, Australia and China strengthened as S&P 500 contracts faltered, shading the best day this month for the index on Thursday, when it jumped 1.7%. The dollar rebounded from the previous session's decline, with Treasury yields rising and the yen rising as the Bank of Japan announced a third day of unplanned bond buying.

Uncertain direction is undermining hopes for a strong rally in late 2022, a year in which inflation has reasserted itself, wiping out a fifth of global equities in the worst performance since the financial crisis. Few regions have escaped the effects of Asian equities falling more than 19% this year. Bonds lost 16% in value, the biggest drop for a single leading measure since at least 1990, as central banks sought to slow consumer price growth by raising interest rates around the world.

Nasdaq 100 futures also fell sharply after the benchmark index jumped 2.5% on Thursday. The index has lost a third of its value this year as tech stocks have been among the most vulnerable to rising rates.

Concerns about the global implications of a rise in Covid-19 cases in China eased in part when Italy said it had found no new strains of the virus in recent arrivals from China. Italy and the US this week introduced testing requirements for air passengers arriving from China as a wave of infection swept through the world's most populous country.

At the same time, oil rose after a three-day decline due to concerns about increased inventories of raw materials and a possible decrease in demand from China, as a major importer.

Analysts are cautious about predictions, waiting for the next year to begin. Central banks fight against inflation and the resumption of trade in China are among the main benchmarks.

Picking a Match: 6 currency pairs to chose this year
https://fx-online.org/netcat_files/I...be57bc88c3.png
Dear clients,

New year has began and brought some new trading opportunities. This time we'll be looking at 6 instruments with a soild investment potential in this year.

Join us*on January 11 at 12:00 GMT.

During webinars, FreshForex analyst will answer your questions regarding the market situation and comment on the latest news.

If you missed the previous webinars, you can always find them here.

Weekly Outlook: Natural Gas, Brent Oil
https://fx-online.org/netcat_files/I...d967cf57bc.png

Dear clients,

Entering midwinter with gas prices at a 2-year low, whie oil is keeping steady growth. This week we'll be looking at these instruments, their positions now and further down the line.

Join us on January 18 at 12:00 GMT.

During webinars, FreshForex analyst will answer your questions regarding the market situation and comment on the latest news.

Trading Signals: Bank of Japan Decision on Interest Rates
https://freshforex.com/netcat_files/...347f73150d.png
Dear clients,

January 18 is expected to announce the interest rate of the Monetary Policy Committee of the Bank of Japan on short-term interest rates. The decision to set interest rates depends mainly on the outlook for growth and inflation.

What is the expected result, our expert says:

The Japanese Central Bank will keep the interest rate at the current level, but may signal to traders about the need to increase rates in the future due to rising inflation, which will lead to the strengthening of the Japanese yen against most competitors. On Wednesday, consider selling AUDJPY, GBPJPY, EURJPY positions.

Don't sleep on market trends — always be ready with a 300% deposit bonus!

Meet the winners of the iPhone 14 Plus New Year draw
https://fx-online.org/netcat_files/6...193a454f182625

Dear clients,

In December, we announced a New Year draw of multiple iPhone 14 Plus. It's time to announce the winners! Participants traded very actively to compete for the prize.

See who gets smartphones. Perhaps your account will be there.


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Congratulations to the winners! You will receive a notification in your Client Area and will be able to choose a convenient way to grab the prize.


Weekly Outlook: Bitcoin, Ethereum, Ripple
​
​https://fx-online.org/netcat_files/6...7d11165e790550
Dear clients,

It's been some time since the domino effect caused by FTX, so how about we'll see what's going on with the market right now. This time, we'll be looking at Bitcoin, Ethereum and Ripple, their current and future performance.

Join us on January 25 at 12:00 GMT.

During webinars, FreshForex analyst will answer your questions regarding the market situation and comment on the latest news.

Short month for long positions
https://freshforex.com/netcat_files/...c0ebf155a7e634
Dear clients,

The last month of winter, although the smallest, can be the most profitable for you. Many key currencies are entering a transitional period, the opportunity like this should not be missed, and therefore we have prepared an excellent offer for you. For the whole February, make a deposit of any amount and trade USD currency pairs without swaps.

Terms of promotion:

1. The promotion is valid from February 1 to February 28, 2023.

2. When trading EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCAD, USDCHF, the Company does not deduct Swap and Swap Free commissions for a rollover of opened positions through the night. The instruments' specification can be found here.

3. Promotion is available for any type of trading accounts.

4. The company reserves the right to change promotion terms and promotion period.

A Simple Secret to Successful Sales
https://freshforex.com/netcat_files/...0016555115f1e7
Dear clients,

When people hear of trading secrets, they usually think of complex patterns,charts and theories. But in reality, those can be simple things, yet just as effective. This time we'll be looking at some secrets of a news trading.

Join us on February 1 at 12:00 GMT.

During webinars, FreshForex analyst will answer your questions regarding the market situation and comment on the latest news.

If you missed the previous webinars, you can always find them here.

Trading signals: US Federal Reserve meeting
https://freshforex.com/netcat_files/...c8cb1e80f76f4e
Dear clients,

On February 1, a meeting of the US Federal Reserve System, the body that performs the functions of the Central Bank of America, will take place. The decision on the interest rate will determine the further movement of the market, which draw attention of traders.

How the situation with rates is developing right now, we will find out from our expert:

The Fed may raise rates by 0.25% and signal to the market that inflation is starting to decline, which will allow in the coming months to stop raising interest rates. On Wednesday, consider buying EURUSD, AUDUSD, XAUUSD, #SP500.

Get ahead from the start — make a deposit with cryptocurrency and get an additional 10% to your account.

"No Dead-Cats": China's Fuel Demand Strongly Grows
https://fx-online.org/netcat_files/6...c87f79524e3f50
Dear clients,

Oil consumption in China, the world's largest importer, has strongly risen since the coronavirus lockdown was lifted, OPEC member Kuwait assured.

"There is pent-up demand that has built up during the pandemic", said Sheikh Nawaf Al-Sabah, chief executive officer of Kuwait Petroleum Corp. "Now, after the opening, we are seeing a steady increase in demand. It's not a dead-cat rebound."

Traders are closely watching China, believing that the pace of its recovery will be the most important factor determining the movement of energy prices this year.

Brent has fallen nearly 7% since late December to just over $80 a barrel, largely because data from China showed the economic recovery has been patchy. However, analysts including Goldman Sachs Group Inc. and Morgan Stanley, predict that the price will exceed $100 in the second half of the year.

Kuwait is the fourth largest oil producer in the Organization of the Petroleum Exporting Countries. It exports about 2 million barrels a day, or 2% of the world's supply, and China is its biggest buyer.

Natural Interest in Artificial Intelligence
https://fx-online.org/netcat_files/6...fd00de6579e949
Dear clients,

Shares of Chinese AI makers have been causing a stir in mainland markets of late as the global buzz around chatbot ChatGPT fuels speculative bets on the revolutionary computing technology.

Just two months after launching, ChatGPT, which can generate articles, essays, jokes and even poetry in response to requests, has been voted the fastest growing consumer app in history.

Although ChatGPT is not available in China, mainland investors are still pumping up shares of AI technology companies.

However, at the moment there are no signs that these companies are ready to release a product like ChatGPT. The closest seems to be search giant Baidu Inc, which plans to complete testing of its "Ernie bot" in March. Their shares rose more than 13% on Tuesday after the announcement.

"The industry as a whole tends to speculate on expectations first and then trade on the actual results," said analysts at Beijing Gelei Asset Management.

The new trend has not gone unnoticed among tech giants. Thus, the owner of Google, Alphabet Inc. announced planning its own chatbot service and increasing the amount of artificial intelligence in its search engine. Microsoft, meanwhile, said it had scheduled its AI presentation for Tuesday.

Weekly Outlook: Brent Oil, Natural Gas
https://fx-online.org/netcat_files/6...4249090a23c5f7
Dear clients,

The market expectations on China are so high, Saudi Arabia intends to raise their oil prices. This time we'll be looking again at Brent oil, natural gas, their positions and perspectives.

Join us on February 8 at 12:00 GMT.

During webinars, FreshForex analyst will answer your questions regarding the market situation and comment on the latest news.

If you missed the previous webinars, you can always find them here.

Hot Winter Spread Sale!
https://freshforex.com/netcat_files/...87c83f9c5b2639
Dear clients,

The resumption of trade with China after a long quarantine is without exaggeration called the most important event of the year in the oil market. The imbalance of supply and demand, together with the revision of oil policy by key countries, is actively provoking a wave of volatility.

Do you want to conquer this wave? We will help you with that!

From February 15 to February 28, all Classic account holders will receive a 66% discount on the fixed spread on the #BRENT and #WTI oil contracts. The spread is reduced by 3 times — this is a profit of $160 per lot in each trade.

Weekly Outlook: Bitcoin, Ethereum
https://freshforex.com/netcat_files/...4f2d33b894bee9
Dear clients,

Bearish trend is slowing down, so the crypto market should be able to breathe easier. However, there are other things at play. This time, we'll be looking at Bitcoin and Etherium.

Join us on February 15 at 12:00 GMT.

During webinars, FreshForex analyst will answer your questions regarding the market situation and comment on the latest news.

Trading Signals: U.S. Crude Oil Stocks
https://freshforex.com/netcat_files/...e57fa95787d5d0
Dear clients,

February 15 will be announced data on crude oil reserves from the US Department of Energy. Crude Oil Inventories The Energy Information Agency (EIA) estimates the weekly increase in barrels of commercial oil held by US firms. Inventory levels affect the price of petroleum products, which in turn affect inflation and other economic forces.

What data is expected this time, we will find out from our expert:

The American Petroleum Institute reported an increase in black gold reserves in US storage facilities by 10.5 million barrels, which is negative for oil prices. The US Department of Energy plans to deliver 26 million barrels of oil from the strategic reserve to the domestic market in the spring, which will put additional pressure on prices in the coming months. Today consider selling #WTI, #BRENT, #Exxon.

Two hikes and no cuts: the experts' opinion on interest rates
https://freshforex.com/netcat_files/...adff2afe217a5d
Dear clients,

The US Federal Reserve will raise interest rates at least twice in the coming months, with the risk of further hikes, according to most economists in the Reuters poll.

Thus most private sector forecasters are in agreement with central bank' own forecasts and rhetoric, leaving financial market traders only to hope that rates start to fall later this year.

With much stronger-than-expected US employment data earlier this month, Fed policymakers, including the Chairman Jerome Powell, have reiterated a higher-for-longer mantra that market traders have been wrestling with for months.

As inflation still more than doubling the Fed's 2.0% target, 46 of the 86 surveyed economists predicted the US central bank would go for two more 25 basis point increases, not only in March, but also in and May.

That would mean a peak of 5.00-5.25%, 25 basis points higher than most had forecast since November. All 37 people who answered an extra question said the bigger risk was that the federal funds rate could rise even higher.

There was no clear consensus on the Fed's discount rate by the end of 2023. But more than two-thirds of respondents in the latest poll do not expect a cut this year, as inflation is expected to remain above target until at least 2024.

When asked what is more likely to result in a rate cut, 21 economists named a significant reduction in inflation, and 14 saying a significant increase in unemployment.

Weekly Outlook: Gold, Silver, Gas
https://fx-online.org/netcat_files/6...56200beace2f56
Dear clients,

Gas prices in Europe are settling down, but warnings of a cold snap are keeping market on edge. Meanwhile, anticipation of new rate hikes by the Fed is holding gold down. This time, we'll be looking at gold, silver and gas, current and future movements.

Join us on February 22 at 12:00 GMT.

During webinars, FreshForex analyst will answer your questions regarding the market situation and comment on the latest news.

The Shaky Market of Stablecoin
https://fx-online.org/netcat_files/6...0ffdb9707556b4
Dear clients,

The $137 billion market could see shifts after New York-based Paxos Trust Company, which issues the Binance stablecoin, said it would stop issuing new BUSD tokens after US regulators designated the asset as a non-registered security.

However, the immediate effect was not negative for the stablecoin market as a whole; in fact, its total value has risen by $2 billion since February 13.

Instead, competitors are trying to capitalize on the woes of BUSD, the world's third-largest stablecoin, whose market value has shrunk from $16.1 billion to $12.9 billion and its market share has fallen from 12.1% to 9.4%, according to CoinGecko.com.

Market leader Tether (USDT) has won the most, increasing its market capitalization by $1.9 billion to reach $70.3 billion since the announcement. Now it controls 52.6% of the stablecoin market from just over 51%.

USD Coin, the second largest stablecoin, rose over $700 million to $42 billion, boosting its market share to 31.3%.

Stablecoins are a key part of the cryptosphere, and their more stable value allows them to be used to facilitate transfers between cryptocurrencies or fiat money. Traders also use these tokens to hedge their positions and hence the decline in market value is due to the drop in liquidity and leverage in the broader crypto market.

Staying Negative: the Future of the Bank of Japan' policy
https://fx-online.org/netcat_files/6...d0a20ba41cafa4
Dear clients,

While bond investors are betting that the BOJ will change its much-discussed yield curve control policy, they still see new governor Kazuo Ueda sticking to negative rates for now.

Benchmark 2-year government bond yields have fallen since mid-January, while 10-year yields remained at the 0.5% target set by the Bank of Japan.

The central bank has set an interest rate of minus 0.1% on the portion of deposits that commercial banks hold at the Bank of Japan since January 2016. This policy tool has helped keep two- and five-year yields flat, but the BOJ's 10-year yield cap forces it to make unprecedented debt purchases and risks exacerbating market distortions, an issue that the monetary authority says prompted it to take decision to double the yield ceiling in December.

Ueda's previous actions also confirm rumors that he may be in no hurry to reverse his negative rate policy. He voted against abandoning the zero rate policy when he was a board member of the Bank of Japan in August 2000.

Strong demand for Japan's five-year bonds at Thursday's auction also suggests that investors are not particularly worried about the end of the policy of negative interest rates. On sale, the cut-off price was higher than expected, and the demand-to-coverage ratio rose sharply, which is an indication of investor interest.

In the currency market, traders see a peak in perceived volatility around the time of current Governor Haruhiko Kuroda's last political meeting in March, and then a decline until Ueda's first meeting in April.

Get ready for NFP
https://fx-online.org/netcat_files/6...fdd89c47291b22
Dear clients,

Non-farm Payroll is borderline most important trading point of a month. And you really want to be prepared for it. This time, we'll be looking at a simple, but fruitful strategy to use in NFP trading.

Join us on March 1 at 12:00 GMT.

During webinars, FreshForex analyst will answer your questions regarding the market situation and comment on the latest news.

The First Day of Spring Profit: 202% drawdown bonus
https://fx-online.org/netcat_files/6...9bf2c518b3c8ea
Spring is just around the corner and with it comes new trading opportunities. Whether you decide to go uncharted paths or stay on the old beaten road, the main thing is confidence. And to give you double the calm, we double the drawdown bonus!

If you want to support your account or boost it, make a deposit from $202 and get 202% of the drawdown amount.

Meet spring with profit!

A New Challenger. Meta enters the AI race
https://fx-online.org/netcat_files/6...b64142259b8610
Meta Platforms Inc has announced last Friday it is releasing a large language model, the core software of a new AI system, to researchers, fueling the AI race as big tech companies rush to integrate the technology into their products and impress investors.

The battle for AI dominance began late last year with the launch of Microsoft-backed OpenAI ChatGPT and prompted tech heavyweights from Alphabet Inc to China's Baidu Inc to pitch in with their solutions.

LLaMA, short for Large Language Model Meta AI, will be made available under a non-commercial license to researchers and organizations associated with government, civil society and academia, according to a promo blog.

The model, which Meta says requires "much less" processing power than other alternatives, is trained in 20 languages, with a focus on Latin and Cyrillic languages.

AI has reinvigorated investments into the tech industry, whose slowdown has led to mass layoffs and cuts to experimental bets.

Meta claims that LLaMA outperforms competitors who explore more parameters or variables taken into account by the algorithm. In particular, the LLaMA version with 13 billion parameters could outperform GPT-3, the recent predecessor to the model on which ChatGPT is built.

Trading Signals: NFP of February
https://freshforex.com/netcat_files/...f4856f2e9a8d9c

Dear clients,

March 10 is expected to publish data on the Nonfarm Payroll, an indicator of US employment in the industrial sector. The report significantly affects the movement of the US dollar and related instruments.

What values are expected this time, our expert tells:

Leading indicators of employment from ISM for the industry and services indicate the release of positive data on Non-Farm Employment, which is favorable for the growth of the US stock market. On Friday consider buying #SP500, #NQ100, #Exxon, #JPMorgan.

Month of indexes without swaps
https://freshforex.com/netcat_files/...e0ebd9fe7b4ad2
The spring thaw is approaching the market. Good news from China, oil volatility and prospects for new realities spur the growth of world indices, which favors market players.

We want to do our part aswell, trade the #DAX30, #DJI30, #NIKKEI and #FTSE100 indices from March 7 to April 2 without swaps!

Indices from different regions participate in the promotion, reflecting the value of the stock market in their zone.

DJI30 — one of the oldest indicators of the state of the US economy, includes stocks of 30 companies.
DAX30 is Germany's most important stock index and tracks the performance of the 40 largest German companies based on market capitalization on the Frankfurt Stock Exchange.
NIKKEI — Includes shares of 225 of the most actively traded companies on the Tokyo Stock Exchange.
FTSE100 is an English stock index that reflects the state and development of the UK economy. Includes 100 shares of companies listed on the London Stock Exchange.

"For the Alliance!": The Merging of Microsoft and Activision Blizzard
https://freshforex.com/netcat_files/...755bf331a88007
Microsoft Corp is expected to win EU antitrust approval for its $69 billion acquisition of Activision Blizzard by offering licensing deals to rivals, sources close to the matter said.

Microsoft announced its acquisition of Activision Blizzard last January, its biggest deal ever, to take on industry leaders Tencent and Sony for the booming video game market. Sony, in turn, voiced concerns about Microsoft's expanding monopoly.

The main stumbling block has become the popular multi-platform Call of Duty series of games, which, once acquired by Microsoft, will cause an imbalance in the market, according to Sony.

The European Commission, which is due to decide on the deal by April 25, will not require Microsoft to sell assets to get approval, sources said.

Microsoft stated that it is "committed to offering effective and easily implemented solutions in order to remove the doubts of the European Commission." Last month, Microsoft announced it had signed 10-year licensing deals with Nintendo and Nvidia that would bring Call of Duty to their gaming platforms, subject to the agreement with Activision Blizzard being approved.

The deal is facing hurdles from regulators in Britain, where the UK competition agency has asked Microsoft to drop Call of Duty to alleviate the issue, while the US Federal Trade Commission has asked a judge to block the deal altogether.

Up to Day: Intraday strategy for beginners

https://freshforex.com/netcat_files/...0ae24442eca4c1
Dear clients,

Simple is the best, as people tend to say. Indeed, you don't need to play 5D chess with the market to make a profit. This time, we'll be looking at another solid stategy, useful for beginners.

Join us on March 22 at 12:00 GMT.

During webinars, FreshForex analyst will answer your questions regarding the market situation and comment on the latest news.

ETFs, the new instruments for profitable trading
https://freshforex.com/netcat_files/...ac59c1ecd61336

Good news, we have added a new group of instruments — ETF contracts!

Every investor knows the principle of asset diversification. Spreading your capital across different instruments is a direct way to reduce investment risk. Even if the yield on one instrument falls, this does not lead to a complete collapse. However, building a large portfolio and even more so controlling it is a rather difficult task. This is where ETFs come to the rescue.

An Exchange Traded Fund, or ETF, is an exchange-traded investment fund, which can include stocks, bonds of many companies at once, as well as gold, oil, real estate and other valuable property. The fund buys a large, diversified portfolio of assets and then sells it piecemeal. To do this, the fund issues its own shares. That is, by purchasing one ETF share, a trader invests money in several attractive instruments at once. This option is well suited for novice investors who are not yet familiar with the market and\or do not have the funds to make their own portfolio:

#GLD, SPDR Gold Trust is part of the SPDR family of exchange-traded funds managed and marketed by State Street Global Advisors. For several years, the fund was the second largest exchange-traded fund in the world, and for a short time, the largest. Aims to match the return of the fund to the dynamics of the LBMA Gold Price PM index, minus expenses and fees.

#VOO, Vanguard S&P500 is part of the Vanguard Group, the largest provider of mutual funds and the second largest provider of exchange-traded funds. The fund's investment strategy is to follow the S&P 500 index, which includes the top 500 US companies. Therefore, this fund has a high degree of diversification within the US economy.

#IWM, iShares Russell 2000 is a set of exchange-traded funds managed by BlackRock, which acquired the brand and business from Barclays in 2009. iShares Russell 2000 aims to track the investment performance of an index comprised of small-cap US stocks. Most of the fund's assets are invested in shares of financial services, energy and healthcare companies.

#QQQ, Invesco QQQ (Power Shares Trust, Series) is an American boutique investment management firm that manages a family of exchange-traded funds. The company is part of Invesco, which has been selling the PowerShares product since 2006. PowerShares covers and simulates many market indices; for example, PowerShares QQQ (Nasdaq: QQQ) is designed to reproduce the NASDAQ-100 index. ETF is popular among stock players and is one of the most liquid stock market instruments.

#VEA, Vanguard FTSE DM is another Vanguard Group product aimed at tracking the investment performance of the FTSE Developed All Cap ex US index. This index includes about 1385 ordinary shares of companies from the developed markets of Europe, Australia, Asia, the Far East, with the exception of companies from the USA.

#SCHD, Schwab US Dividend equity — Charles Schwab Corporation is one of the largest US banking companies and one of the largest brokerage companies in the United States. The goal of the fund is to track as closely as possible, before commissions and expenses, the overall return of the Dow Jones U.S. Dividend 100. This index includes common stocks of the 100 largest US companies, with consistently high dividend yields and fundamentally strong financial performance. The fund invests at least 90% of its assets in stocks and companies included in the index.

The #USO, United States Oil Fund aims to match share price performance with USO's Benchmark Oil Futures Contract index net of costs and fees.

Detailed trading conditions can be found in the CFD Specifications.

We'd also like to remind you about newcomers in the current line of metals; our traders have already tested their strength, XAUGBP is especially popular — the most profitable deal on it was $1698. Why not update the record?

Discover brand new ways to make a profit!
Ahead of the plan: Gold passes the $2,000 threshold
https://freshforex.com/netcat_files/...5b53abde8be879

In volatile trading on Monday, gold prices initially fell 1% but reversed course and jumped to their highest level since March 2022 at $2009,59 as investors pondered the impact of measures taken by several central banks to contain the banking crisis and stabilize global markets. financial markets.

Gold prices slipped on Tuesday ahead of the Federal Reserve's policy meeting as expectations rise that the US central bank will slow down its monetary tightening given the turmoil in the banking sector.

A pause in rate hikes could bring gold back above $2000, experts say, but it will need a lower dot chart and a dovish press conference for it to hold those gains. Despite the fact that banking regulators are rushing to strengthen market confidence, the uncertain macroeconomic environment continues to encourage purchases in gold.

Gold is considered a safe asset in times of financial uncertainty, and lower interest rates make unprofitable bars more attractive by lowering the opportunity cost of holding them.

In December last year, Bank of America analysts already predicted a rise in gold prices above $2,000, but the calculation was made for the second half of 2023.

Slow and Steady: A Profitable Strategy for Long Term Traders
https://fx-online.org/netcat_files/6...f3823fc99bb849
Dear clients,

We talk a lot about intraday, but what about those who play the long game? This time we'll be looking at some strategies for a long-term trading.

Join us on March 29 at 12:00 GMT.

During webinars, FreshForex analyst will answer your questions regarding the market situation and comment on the latest news.

Trading Signals: U.S. Crude Oil Stocks
https://fx-online.org/netcat_files/6...629cfcdd5fb7a9
Dear clients,

March 29 will be announced data on crude oil reserves from the US Department of Energy. Crude oil reserves of Energy Information Agency (EIA) are estimated by the weekly increase in barrels of commercial oil held by US firms. Reserve levels affect the price of petroleum products, which in turn affect inflation and other economic forces.

What data is expected this time, we will find out from our expert:

The American Petroleum Institute reported a reduction in black gold reserves in US storage facilities by 6 million barrels, which is favorable for rising oil prices. The oil market enters the "high season", when the consumption of petroleum products increases every week. Today consider buying #WTI, #BRENT, #Exxon.

Slippin' Crypto Market
https://fx-online.org/netcat_files/6...409d8c0f58c6fd
Bullish Bitcoin has been the surprise winner of the banking crisis. However, investors seeking to increase their rates are faced with a hurdle: lack of liquidity, which can cause prices to fluctuate wildly.

The price of the #1 cryptocurrency has jumped 40% to around $27,700 since March 10, when the Silicon Valley Bank bankruptcy spread to major markets. However, on the other hand, its liquidity is dwindling.

According to data provider Kaiko, Bitcoin's market depth indicates the asset is at its lowest liquidity level in 10 months, even lower than after the FTX crash in November.

Slippage, a measure of liquidity that describes how much prices move between placing and executing a trade, has also increased. Slippage when buying bitcoins for US dollars on the Coinbase exchange is 2.5 times higher than it was at the beginning of March. Slippage for a $100,000 simulated sell order has doubled in the last month, meaning the average price received per bitcoin is worse than it was a month ago.

Market makers say there is a big network effect and liquidity will remain a problem at least in the short term. The network effect was the collapse of Silvergate Capital and Signature Bank, whose networks have long been used by market makers who increase liquidity through the rapid purchase and sale of tokens for transactions on exchanges.

Further restricting liquidity, Binance — the world’s most liquid crypto exchange — last week ended zero-fee trading for almost all of its bitcoin trading pairs, hitting the ability of market makers to charge higher fees for executing trades on the platform.

The disappearing liquidity can be traced back to the collapse of the FTX exchange and the Alameda Research hedge fund. Alameda was one of the largest liquidity providers in the crypto industry and its bankruptcy left a void that was exacerbated by the 2023 banking sector turmoil.

Although most market participants expect the gradual arrival of new contenders to take over Silvergate and Signature' spot, no one expects a complete replacement to appear overnight.

Weekly Outlook: Gold, Silver, Natural Gas
https://freshforex.com/netcat_files/...4cb734ab8b600c
Dear clients,

With banks falling, fuel prices soaring and inflation roaring, the markets are going full Pinball. The only safe haven so far would be precious metals. This time, we'll be looking at gold, silver and gas, current and future movements.

Join us on April 5 at 12:00 GMT.

During webinars, FreshForex analyst will answer your questions regarding the market situation and comment on the latest news.

Again with the Charts: FreshForex Forecast Contest
https://freshforex.com/netcat_files/...42d2786c170122
Dear clients,

The contest is back!

Do you have specific data, are confident in your numbers, or just want to test yourself?

From April 5 to 30, join traders on FB and test your trading instincts. The reward will be a prize of $50 to the account.

Forecasts of the first stage are accepted until April 7, 12:00 GMT.

Follow the details of the stages on our official page.

Oil Shock and Awe
https://freshforex.com/netcat_files/...77da84f8178de1
Dear clients,

The unexpected OPEC+ production cut on Sunday changed the oil price outlook, bringing $100 a barrel back into view.

Saudi Arabia has taken the first step by pledging to cut its supplies by 500,000 barrels a day. Other members, including Kuwait, the United Arab Emirates and Algeria, followed suit, while Russia said the production cuts it implemented from March to June would last until the end of 2023.

This is a significant decline for a market where, despite recent price fluctuations, supply was limited in the second half of the year. Oil futures rose 8% in New York on Monday, while gasoline also ramped up, adding to inflationary pressures that could force central banks around the world to keep interest rates higher for longer.

Traders were taken by surprise by the move, given that just weeks ago, senior Saudi oil official Prince Abdulaziz bin Salman insisted that OPEC+'s 2022 production quotas "are in place until the end of the year, period."

Previously, the cartel's own data suggested that the group would have to produce more oil in the second half of the year, not less. With the International Energy Agency expecting a surge in demand later this year, the risk of a new inflationary momentum for the global economy has now re-emerged.

After the decision was made, leading oil analysts started talking about oil at $100, some expect that the global balance of supply and demand will be in deficit earlier than expected. This view is reflected in Brent's increasing backwardation, with the premium for on-time deliveries rising over later deliveries, signaling tension. This view is reflected in Brent's increased backwardation, with the premium for on-time deliveries rising over later deliveries, signaling tension.

Options markets are now showing a bullish shift in sentiment. According to ICE Futures Europe, the most popular option on Brent crude over the next 12 months allows the holder to buy futures at $100, equivalent to nearly 140 million barrels of open interest.

Weekly Outlook: Bitcoin, Ethereum and Ripple
https://freshforex.com/netcat_files/...15983db5984604

Dear clients,

Bitcoin is surely taking ground, while Ethereum is preparing for a huge update. This time we'll be looking the cryptomarket and what to expect of it in the coming weeks.

Join us on April 12 at 12:00 GMT.

During webinars, FreshForex analyst will answer your questions regarding the market situation and comment on the latest news.
Trading Signals: US March Inflation
https://freshforex.com/netcat_files/...c248a5506d2c0a
Dear clients,

A closely watched US inflation report could help address one of the most pressing questions among traders: whether the market has set the short-term path for interest rates correctly. Belief in rate cuts has driven bond yields down, supporting giant tech stocks and growth stocks that have an impact on broad stock indices.

What you can expect this month, our expert says:

Leading indicators point to declining inflation, which is negative for the dollar and positive for equity markets as the US Federal Reserve may stop raising interest rates. On Wednesday, consider buying AUDUSD, #NQ100, #SP500 and selling USDCAD, USDZAR.
"Shanghai" Noon. Major upgrade of Ethereum
https://freshforex.com/netcat_files/...c54c7bc4ae4d5b
Dear clients,

On April 12, the Ethereum network will undergo a technical upgrade that will allow users to withdraw tens of billions of dollars of their own Ether token. Referred to as “Shanghai”, this is a necessary step after the world’s most important crypto platform moved to a less energy-intensive process of ordering transactions. Investors affected by the recent turmoil in the crypto markets are wondering if some Ethereum holders will run when presented with the first opportunity to get their tokens out of the way.

The value of Ethereum fell during the “crypto winter” of 2022, when investors abandoned many digital assets. But the appeal of the underlying Ethereum technology has remained unchanged.

Until September 2022, Ethereum relied on a costly and energy-intensive process known as proof-of-work to order transactions. The situation changed when the technical overhaul known as the "Merge" took an alternative approach - proof-of-stake. People who put up or stake Ethereum can become “validators” of transactions on the Ethereum blockchain and receive income in return, just like deposits in a bank. As of 2020, users can stake their Ether but cannot withdraw it. "Shanghai" will allow them to take out these coins. About 16% of the total supply of Ethereum, worth about $37 billion, was stuck in the staking protocol as of early April.

It is not clear how many users will want to cash out once their Ether is unlocked. The value of the token has fluctuated wildly in the years since staking was first enabled – rising sharply as it grew in popularity among institutional and retail investors, then falling in 2022. At least initially, withdrawal demand is expected to outweigh new Ethereum staking deposits. It could take months for Ethereum holders to withdraw their coins as Ethereum has set limits to ensure that too many people do not withdraw at the same time, leaving it vulnerable to attack.

After the Merge, Ethereum attracted the attention of regulators, including the US Securities and Exchange Commission, which pointed out that some services offering income from the placement of cryptocurrencies amounted to illegal offerings of securities. An upgrade to unlock staked Ethereum may result in increased checks.

News Flash! Advantages of Incorporating News Into your Trading Strategy
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Dear clients,

Unless you are insider, investor or a corporate spy, news are the primary source of information on the market. However, that's only one way to use them. This time, we'll be looking at news strategy and why you should incorporate news into your strategy.

Join us on April 26 at 12:00 GMT.

During webinars, FreshForex analyst will answer your questions regarding the market situation and comment on the latest news.

Soft Shell. Bank of Japan policy
https://fx-online.org/netcat_files/6...7b0f0819b6201e
Bank of Japan Governor Kazuo Ueda on Tuesday stressed the need to maintain a super-loose monetary policy for the time being, but pointed to the possibility of raising interest rates if inflation and wage growth exceed expectations.

“In light of the current economic, price and financial developments, it is appropriate to maintain monetary easing, which is currently being implemented through yield curve control,” Ueda told parliament.

The shape of the Japanese bond yield curve has normalized in part due to falling global yields, Ueda said in response to an opposition lawmaker's question about the drawbacks of prolonged monetary easing.

Ueda reiterated the need to maintain Japan's monetary easing in order to achieve the Bank of Japan's 2% inflation target in a sustainable and stable manner, accompanied by wage increases.

“But if wage growth and inflation accelerate faster than expected and require monetary tightening, the Bank of Japan is ready to respond, for example by raising interest rates,” the governor said.

Ueda's comments come ahead of a two-day BOJ policy meeting starting Thursday, the first meeting he has chaired since he took over the bank earlier this month.

Markets are full of speculation that Ueda will direct the Bank of Japan to phase out his predecessor Haruhiko Kuroda's massive stimulus that has drawn criticism for distorting market prices and hurting financial institutions' profits.

In a sign that he's in no rush to raise rates, Ueda said tightening monetary policy now could push down future inflation, which is already slowing amid peak import costs.
Written by code. Google's Bard Chatbot Update
https://fx-online.org/netcat_files/6...4d0040b0c54fc4

Google said Friday it will update Bard, its generative artificial intelligence (AI) chatbot, to help people write code for software development as the tech giant seeks to catch up in the fast-paced AI technology race.

Last month, the company began publicly releasing Bard to win back ground from Microsoft Corp.

The release of ChatGPT, a chatbot from the Microsoft-backed startup OpenAI, sparked a leap in the tech sector last year to put AI in the hands of more users.

Google describes Bard as an experiment to collaborate with generative AI, a technology that relies on past data to create rather than identify content.

Bard will be able to code in 20 programming languages, including Java, C++ and Python, as well as help debug and explain code to users, Google said on Friday.

Bard can currently be accessed by a small set of users who can chat with the bot and ask questions instead of using the traditional Google search tool.

The initial launch of the product was rather unsuccessful due to mistakes and poor impression. Last week, it was reported that Samsung and Apple may be phasing out Google Search in favor of Microsoft's AI-powered Bing. This has become an additional incentive for the introduction of AI technologies in Google products.

YELLOW SIGNAL
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Why does gold continue to gain popularity?Dear clients,

Now is the best time to invest in gold, at least according to Bank of America. The dollar kept rising after the data on inflation, but is moving towards a monthly decline. Precious metals consolidated last month on "growth fears that led to higher expectations for a U.S. rate cut, lower bond yields and continued banking sector concerns," analysts said.

A weaker dollar makes bullion cheaper for foreign buyers. Due to the banking crisis and the threat of a recession, the precious metal is regarded as a reliable defensive asset.

Interest in gold is also actively shown by central banks, only last year demand grew by 20%. In fact, they account for a record 33% of monthly global demand and are buying more gold than at any time since data collection began in 1950.

The buying spree helped lift the price of gold to near-record levels and more than 50% higher than models based on real interest rates suggest. Experts see this as an attempt to get away from the dollar as the dominant currency.

The difficult macroeconomic environment makes gold one of the most reliable investments, and with a drawdown bonus 101%, it is also the most profitable.

BEHIND THE WALLS: WALL STREET ON THE DECISION OF THE FED
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Dear clients,

Wall Street was stumped by the Federal Reserve on Wednesday.

In a statement accompanying a quarter-point rate hike, the central bank ditched previous language that said "some additional policy tightening" might be warranted. Chairman Jerome Powell then said banking sector conditions had “generally improved” since early March.

But investors still had many questions. Despite Fed officials' forecasts of a mild recession, Powell expects the US economy to grow at a modest pace this year. And while he said rates are "maybe at" a fairly restrictive level, getting back to the 2% inflation target won't be a "smooth process."

As Powell spoke, the S&P 500 went up and down, then closing down 0.7%. Treasury revenues fell.

The fact that the stock market is having a hard time figuring out where to go next is evidence that this has already been priced in, experts say. Looking ahead, investors want to know what value the Fed will place on tightening lending conditions caused by stress in regional banks.

Powell's speech failed to reassure the market, investors heard what they expected, but not exactly what they wanted; the lack of clear guidance from the Fed is also worrisome. The general mood is quite calm, no revelations from Powell have been made and the situation is still developing according to market forecasts. A number of analysts note that the Fed is still set to tighten: they will need confirmation from the data that the monetary policy stance is quite restrictive.

The prospects for a pause or rate cut are viewed very cautiously, with particular attention to the possibility of a recession. At the same time, few people believe in further increases, according to analysts, this will require catastrophic inflation.

Fed futures showed that the likelihood of a rate hike in June had dropped to around 2%.

TRADING SIGNALS: US FEDERAL RESERVE MEETING
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Dear clients,

On May 3, a meeting of the US Federal Reserve System, the body that performs the functions of the Central Bank of America, will take place. The decision on the interest rate will determine the further movement of the market, which draw attention of traders.

How the situation with rates will develop now, our expert tells:

The Fed may raise the rate by 0.25% and signal to the market that it will not raise the rate at the next meetings, as inflation is declining, which is favorable for economic growth. On Wednesday consider buying AUDUSD, GBPUSD, #NQ100, #SP500.

A reversal can quite shake up the market — be ready with a 300% deposit bonus!

GREEN HARVEST
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Dear clients,

Apple Inc's results beat expectations on Thursday, demonstrating the tech giant's resilience amid the global economic slowdown, thanks to stronger-than-expected iPhone sales and notable gains in India and other emerging markets.

Shares of the largest US company by market value rose 2% after Apple beat Wall Street's earnings and profit expectations for the quarter on April 1st. The company's results contrast with disappointing performance from major chip makers due to a slower-than-expected recovery in China's economic growth.

Apple executives on Thursday said gross profit for the current quarter will be better than forecast, despite an expected drop in revenue due to the resolution of supply chain problems.

Apple said sales for its fiscal second quarter ended April 1 fell 2.5% to $94.8 billion, beating expectations for a 4.4% decline, according to data from Refinitiv. Earnings remained unchanged at $1.52 per share, compared to $1.43 per share forecast.

iPhone sales rose 1.5% to $51.3 billion, beating expectations for a 3.3% fall, even as consumers and businesses cut spending due to rising inflation. Analysts expect growth of 2.1% to $84.7 billion in the third financial quarter, which ends in June.

Apple shares outperformed most Wall Street stocks in 2023, up 28% year-to-date. Investors view the company as a protective measure during a period of economic uncertainty.

Apple raised its dividend to 24 cents per share from 23 cents a year ago. The Board authorized a $90 billion share buyback program, just as it did a year ago.

Investors are still waiting for the company's next big product. Bloomberg reported that the iPhone maker could unveil a mixed reality headset as early as next month when it holds its annual Software Developers Conference. The company recently announced new services such as a high yield savings account.

TRADING SIGNALS: THE BANK OF ENGLAND'S INTEREST RATE DECISION
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Dear clients,

On May 11 the Bank of England, the key financial authority of Great Britain, will make a decision on the interest rate, which is among the most important events affecting the pound sterling quotation.

Our expert comments on how the situation with the rates develops:

The Bank of England may raise the rate by 0.25% and signal to the market the need for further interest rate hikes at the summer meetings due to high inflation in the United Kingdom economy. On Thursday consider buying GBPJPY, GBPUSD, GBPCHF.

On any twists and turns, confidently keep your balance with a drawdown bonus 101%!

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ELECTIONS IN TURKEY
12 May 2023

Elections in TurkeyDear traders!

We would like to draw your attention to the fact that presidential elections in Turkey will be held on May 14, 2023. This event may provoke a sharp increase in volatility of Turkish Lira instruments and, as a consequence, lead to increased trading risks.

As we care about our clients, we strongly recommend all traders to be more attentive and also:

Maintain a margin level of at least 500%;
Use protective Stop-loss orders;
to adjust the volume of current open positions at their own discretion, if necessary.

It should be noted that in case of significant increase of volatility on financial markets with changing conditions at the liquidity providers of the company the following is possible: increase of spreads and levels of orders setting, change of margin requirements for any instruments both for previously opened positions and for new ones, introduction of "Close only" mode or suspension of trading in accordance with the regulatory documents of the company.

Please consider this information when planning work on the financial markets.

DOWNWARD SPIRAL. A LONG DROP IN OIL PRICES
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A long drop in oil pricesDear clients,

Oil prices fell Friday, setting a fourth weekly decline, as renewed economic troubles in the U.S. and China revived worries about fuel demand growth in the world's two largest oil consumers.

Brent crude futures fell 48 cents, or 0.64%, to $74.50 a barrel by 06:35 GMT. U.S. West Texas Intermediate, on the other hand, lost 39 cents, or 0.55%, to $70.48.

Both benchmarks will fall about 1.1% over the week, marking the longest streak of weekly declines since November 2021.

With negotiations over the U.S. government debt ceiling deadlocked and renewed fears that another regional bank is in crisis, fears that the U.S. will enter a recession are growing. A decline in new corporate loans in China and weaker economic data released there earlier in the week raised doubts again about the stimulation of oil demand growth as the country recovers from COVID restrictions.

The price rose earlier Friday, after falling during the previous two sessions, on some demand expectations following comments from the U.S. Secretary of Energy that the States might buy oil for the Strategic Petroleum Reserve (SPR). The U.S. government has said it will buy oil when prices are at or below $67-72 a barrel at all times.

However, negotiations to raise the $31.4 trillion U.S. federal debt limit may not reach an agreement in time to prevent a default on the national debt, which could cause serious market turmoil. China's consumer price data for April rose slower than expected and factory price deflation has deepened, suggesting more stimulus is needed.

The oil market largely ignored the Organization of the Petroleum Exporting Countries (OPEC) global oil demand forecast for 2023, which projected demand growth in China, the world's biggest oil importer.

HERE WE GO AGAIN: THREATS TO THE TECHNOLOGY SECTOR
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Dear clients,

A prolonged period of economic downturn in the U.S. will cause tech stocks to plummet at a time when they are attracting a lot of investor money, strategists at Bank of America Corp. say.

Michael Hartnett's team expects the recession to "crack credit and tech" just as it did in 2008, according to Friday's note.

Investors poured $3.8 billion into technology stocks in the week ended May 10, the largest inflow since December 2021, BofA reported, citing data from EPFR Global. On the other hand, $2.1 billion was pulled out of financial stocks, the biggest buyout since May 2022, amid turmoil at regional U.S. banks.

The tech-heavy Nasdaq 100 index is up 22% this year as investors expect the Federal Reserve to begin easing monetary policy soon, easing pressure on the rate-sensitive sector. And while earnings in this sector will continue to fall from last year, traders already expect a recovery in 2024.

Hartnett, who correctly predicted last year that recession fears would cause stocks to pull back, warned that the U.S. central bank was unlikely to pause rate hikes amid high inflation, as well as low unemployment and presidential approval. That echoes the views of Bloomberg Intelligence strategists, who view the likelihood of weakening tech, media and telecom stocks as they "face the reality of longer-term interest rate hikes and a softening of the earnings outlook."

Hartnett thinks negative wage data will be a buying signal for cyclical economic-related stocks, such as tech stocks, in 2023. The U.S. labor market has proven resilient, with hiring and worker wage growth accelerating in April.

Other notable flows over the past week included a slowdown in cash inflows - $13.8 billion went into that asset class. At the same time, Treasuries saw the largest inflows in the past six weeks, with $6.3 billion. U.S. and European equity funds bought $2.7 billion and $2.2 billion each, respectively.

"EVERY BIT HELPS". RECORD PERFORMANCE OF US TREASURIES
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Dear clients,

Foreign buying of US Treasury bonds in March rose to the highest level in more than two years, Treasury Department data showed on Monday, as investors bought government debt amid bank stress during the month.

US Treasuries rose to $7.573 trillion in March, up about $230 billion from $7.343 trillion the previous month. Monthly Treasury bond accumulation in March was the highest since June 2021, analysts at TD Securities said.

According to the cited data, March was particularly significant as it was a time of volatility in the banking sector. The most interesting point was the huge amount of treasury bond purchases. Investors were de-risking at the time because of banking stress. There was a lot of buying on the Chinese side, a lot of buying on the Japanese side. There were interesting purchases from the UK side or via the UK, indicating purchases by hedge funds.

The benchmark 10-year Treasury yield started March at 3.996%, falling by 50 basis points to 3.49% by the end of the month. In October last year the yield on 10-year US Treasuries reached a 15-month high of 4.338%.

Foreign inflows into Treasuries were $35.8bn per trade in March, up from $57.6bn in the previous month. US equities were also bought by foreigners, with inflows of $36.1bn following net sales of $16.2bn in February and outflows of $27.5bn in January.

US residents, meanwhile, increased their holdings of long-term foreign securities, with net purchases of $22.8bn compared with net sales of $8.3bn in February.

Overall, net purchases of long-term overseas securities totaled $133.3bn in March, up sharply from February's inflow of $56.6bn, the data showed.

PLATINUM DROUGHT
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Dear clients,

Rising demand from automakers, industry and investors will push the global platinum market into the biggest deficit in years, three industry reports predict.

The reports highlight the changing fortunes of platinum and its cognate metal palladium, which are used mainly in vehicle exhausts to help neutralise harmful engine emissions. For many years, growing demand and shortages of palladium have pushed prices upwards, while low consumption and a more abundant supply of platinum have kept prices low.

Two reports released on Monday suggest that if palladium remains in short supply this year, the platinum supply shortfall will be greater. Automakers are switching from palladium to platinum as a cost-saving measure, heavy-duty vehicles with a high platinum content are on the rise, while zero-emission electric cars are making their way into the palladium-focused light vehicle market. Platinum is also being supported by industrial and jewellery consumption, while palladium demand is almost entirely dependent on the automobile sector.

The World Platinum Investment Council forecast a platinum deficit of 983,000 oz, the highest since the 1970s, following last year's surplus of 854,000 oz.

Meanwhile, net platinum holdings in the ETF increased by 43,000 ounces in Q1 '23, reversing six previous quarters of net disinvestment. The board believes that the revised 2023 deficit forecast of almost 1 million ounces based on historical data is likely to attract additional investor interest in bullion and coins as well as physical asset-backed ETFs.

FOR A RAINY DAY. HOW WALL STREET IS PREPARING FOR A POSSIBLE DEFAULT
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Dear clients,

As negotiations to raise the debt ceiling of the USD 31.4 trillion government debt intensify, Wall Street banks and asset managers have started to prepare for the consequences of a possible default.

The financial industry has prepared for such a crisis before, most recently in September 2021. But this time, the relatively short timeframe for a compromise has bankers on their guard, said one senior industry official.

US government bonds underpin the global financial system, so it is difficult to fully assess the damage a default would cause, but executives expect strong volatility in equity, debt and other markets.

The ability to trade in and out of treasury bonds on the secondary market will be severely limited. Even a short-term breach of the debt ceiling could lead to a spike in interest rates, a plunge in equity prices and a breach of credit documentation and leverage agreements.

Banks, brokers and trading platforms are preparing for disruptions in the treasury market as well as wider volatility.

This typically includes planning for how payments in treasury securities will be made; how the critical funding markets will react; ensuring there is sufficient technology, staffing and cash to handle large trading volumes; and checking the potential impact on contracts with clients.

Large bond investors have warned that maintaining a high level of liquidity is important in order to withstand potential sharp fluctuations in asset prices and avoid having to sell at the most inopportune time.

The Securities Industry and Financial Markets Association (SIFMA), a leading industry group, developed an action plan that details what Treasury bond market participants — the Federal Reserve Bank of New York, the Fixed Income Clearing Corporation (FICC), clearing banks and Treasury bond dealers — should do in the run-up to and on the days of a possible Treasury bond payment miss.

SIFMA considered several scenarios. The most likely scenario is that the Treasury would buy time to pay bondholders by announcing on the eve of the payment that it would reschedule these securities, extending them one day at a time. This would allow the market to continue functioning, but no interest would likely accrue on the deferred payment.

In the most destructive scenario, the Treasury does not pay any principal or coupon and does not extend the maturity date. The outstanding bonds would no longer be tradable and could not be transferred through the Fedwire Securities Service, which is used to hold, transfer and settle Treasury bonds.

Each scenario is likely to cause significant operational problems and will require daily manual adjustments to trading and settlement processes.

In addition, in past periods of confrontation over the debt ceiling issue — in 2011 and 2013 — Fed staff and policymakers developed their plan, which is likely to serve as a starting point, with the last and most sensitive step being the complete removal of defaulted securities from the market.

5 MINUTE BREAKTHROUGH: A PROFITABLE STARTING STRATEGY
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Dear clients,

What can you do in a mere 5 minutes? Hit the restroom, have a smoke or... make a profit. This time, we'll be looking at a simple trading strategy fit for both newcomers and experienced traders.

Join us on May 24 at 12:00 GMT.

During webinars, FreshForex analyst will answer your questions regarding the market situation and comment on the latest news.

If you missed the previous webinars, you can always find them here.

NEW TRICKS OF THE OLD CRYPTO
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Dear clients,

According to Glassnode, daily transactions hit an all-time high of 682,000 this month, up almost 40% from the previous peak in 2017. Bitcoin's dominance, or share of the total $1.16 trillion cryptocurrency market, has risen to 44% from 38% at the start of the year.

This is due to BRC-20, the first class of cryptocurrency tokens created on the bitcoin blockchain apart from bitcoin itself. Nearly 25,000 experimental coins have already been minted this year, leading to a surge in transactions.

Mostly due to the creation of these tokens, the average daily transaction volume in seven days was more than 531,000, almost double what it was a month ago, according to Blockchain.com.

This new class of cryptocurrency has no specific use beyond speculation, much like memecoins. However, its nascent popularity points to interest in bitcoin not just as a store of value or a payment method, but also as a basis for developing new coins and applications - previously considered the domain of more modern blockchains such as Ethereum and Solana.

Some investors and developers see bitcoin blockchain as a safer long-term basis for creating tokens and applications amid the cryptocurrency carnage that has followed the collapse of high-profile companies such as FTX and a general flight away from risky assets, market participants say.

Nevertheless, the excitement around BRC-20 has been volatile. The total value of these tokens, which are typically traded on secondary markets, especially on decentralised exchanges, surpassed $1bn in early May, but has since fallen to $446m, according to tracker BRC-20.io.

Because the bitcoin blockchain was not originally designed to support the crypto ecosystem, unlike Ethereum and Solana, BRC-20 tokens are created using ordinar theory, which allows data to be written on each satoshi - the smallest bitcoin denomination, or hundred-millionth of a bitcoin.

The race to create these new coins has had little impact on the price of bitcoin, which has been trading below $30,000 since mid-April. However, experts see this trend as "promising" in terms of interest in creating products on the bitcoin blockchain.

ONE STEP BEHIND. THE AI LEGISLATION
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Dear clients,

As the race to develop more powerful artificial intelligence services such as ChatGPT accelerates, some regulators are still relying on old laws to control a technology that could change the way society and business operate.

The European Union is at the forefront of developing new rules for AI that could become a global benchmark to address the privacy and security concerns raised by the rapid development of generative AI technology underpinning OpenAI's ChatGPT. However, it will take several years for the legislation to take effect.

"In the absence of regulations, the only thing governments can do is to apply existing rules," experts say. "If it's about protecting personal data, they apply data protection laws, if it's about threatening people's security, there are rules that have not been specifically defined for AI, but they still apply."

In April, European national privacy regulators set up a task force to tackle ChatGPT after Italian regulator Garante pulled the service offline, accusing OpenAI of violating the EU's GDPR, a wide-ranging privacy regime adopted in 2018. ChatGPT was reinstated after the US company agreed to install age verification features and allowed European users to block their information from being used to train AI models.

Generative AI models have become well known for making mistakes, or 'hallucinations', providing misinformation with supernatural certainty.

Such errors can have serious consequences. If a bank or government department uses AI to speed up decision-making, people could be unfairly denied credit or benefits. Major technology companies, including Google and Microsoft Corp, have stopped using AI products considered ethically questionable, such as financial products.

US and European experts say regulators intend to apply existing rules covering everything from copyright and data privacy to two key aspects: the data entering models and the content they produce.

While regulators adapt to the pace of technological advances, some in the industry are calling for more engagement with corporate leaders. Dialogue between regulators and companies has so far been "limited", they say.

"This does not bode well for the future," they say. "Regulators seem either slow or unwilling to adopt approaches that strike the right balance between consumer protection and business growth."

CHIPPIN' IN: NVIDIA'S POWER BOOST
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Dear clients,

Nvidia Corp on Wednesday forecast second-quarter revenue more than 50 percent above Wall Street forecasts and said it was increasing shipments to meet growing demand for its artificial intelligence chips, which are used to run ChatGPT and many similar services.

Shares in Nvidia, the world's most expensive semiconductor company, soared 28 per cent after the signal to a record high of $391.50. That boosted the market value of Nvidia stock by about $200 billion to more than $950 billion, extending the Silicon Valley-based company's lead as the world's most expensive chip maker and the fifth most valuable company on Wall Street.

Nvidia is forecasting revenue of $11bn for the current quarter, with analysts polled by Refinitiv citing a figure of $7.15bn. They note that amid a gold rush of generative artificial intelligence, demand for Nvidia chips is secure for the rest of the year.

Adjusted revenue for the quarter ended April 30 was $7.19bn on revenue expectations of $6.52bn. The company's data centre chip sales were $4.28bn, beating analysts' forecasts of $3.89bn, according to FactSet.

Nvidia faces competition in AI chips from traditional rivals such as Advanced Micron Devices Inc and Intel Corp, as well as from startups such as Cerebras Systems and its own AI chip efforts at companies such as Google and Amazon.

According to FactSet, revenue from gaming chip sales exceeded Wall Street expectations, coming in at $2.24 billion against forecasts of $1.97 billion. Net income rose to $2.04 billion, or 82 cents per share, from $1.62 billion, or 64 cents per share, a year earlier. Excluding items, the company earned $1.09 per share in the first quarter, beating estimates of 92 cents.

THE STRUGGLE FOR DEPENDENCY. OPENAI AND EU CONFLICT
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Dear clients,

Sam Altman, CEO of OpenAI, has spent the last week travelling around Europe, meeting leading politicians in France, Spain, Poland, Germany and the UK to discuss the future of AI and the progress of ChatGPT. On Wednesday, he warned that the company could leave the EU if the bloc becomes "over-regulated".

By February, ChatGPT had set a record for the fastest user base growth of any consumer app in history. More than six months after OpenAI unveiled its AI-powered chatbot to the world, concerns about its potential sparked excitement and anxiety - and led to conflict with regulators.

"The current EU bill on artificial intelligence would be over-regulatory, but we have heard that it is going to be pushed back," Altman said on Wednesday. EU lawmakers responsible for drafting the AI law have disputed Altman's claims. EU industry chief Thierry Breton also criticised the threat, saying the draft rules were non-negotiable. Dutch MEP Kim van Sparrentak, who also worked on the EU bill, said she and her colleagues "should not allow themselves to be blackmailed by US companies".

"If OpenAI cannot meet the basic requirements of data management, transparency, security and protection, then their systems are not suitable for the European market," she said.

OpenAI first clashed with regulators in March, when Italian data regulator Garante shut down the app domestically, accusing OpenAI of breaching European privacy rules. ChatGPT returned to the web after the company introduced new privacy protections for users.

Meanwhile, EU lawmakers have made new proposals to the Artificial Intelligence Act, which would oblige companies using generative tools such as ChatGPT to disclose all copyrighted material used to train systems. EU parliamentarians agreed a draft law earlier this month. Member states, the European Commission and Parliament will finalise the final details of the bill.

The departure of OpenAI is seen as an unlikely outcome as the European market is too valuable economically. Experts note that some legislative relieves are still possible, but the overall trajectory has already been set.

UNPAUSABLE. FUTURE OF FED RATES
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Dear clients,

Federal Reserve policymakers received a dose of unexpectedly strong US economic data on Friday, which bolstered the case for further monetary policy tightening to reduce persistently high inflation.

A 0.8% rise in consumer spending last month compared with March was good news, showing that the economy is not on the brink of recession, but discomfort for policymakers waiting for a slowdown that could ease rising pressure on prices. And the increase in core inflation to 4.7%, up from 4.6% in March, underlined the Fed's less-than-steady progress in fighting inflation. The US central bank's inflation target is 2%.

Combined with seemingly some progress on a deal to raise the debt ceiling and avert a catastrophic US default, the latest data raises doubts that the Fed will indeed "pause" its campaign to raise rates, as Chairman Jerome Powell signalled earlier this month.

Interest rate futures traders are seeing less subtlety in the numbers and are now expecting an 11th consecutive interest rate hike in June, a reversal of the June pause bets made after the last hike on May 3.

Next month's rate hike is not a definitive decision: Key labour market data from next Friday and fresh inflation data expected on 13 June are still to be announced before the Fed meeting on 13-14 June. However, there are growing expectations that even if the Fed leaves rates unchanged in June, it will hit the brakes in July. In the futures markets the odds are three to one in favour of a rate hike until then.

Fed Governor Christopher Waller — one of the Fed's most hawkish voices — made this point earlier last week. He said that while key data in the coming weeks as well as uncertainty over credit conditions could support a temporary rate halt, the lack of progress on inflation points to the need for further tightening.

BIG AND TECH. S&P 500' FINEST
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Dear clients,

Never before in the history of US equities has a small group of companies from one industry had such an impact on the entire market. Six companies — Apple, Microsoft, Alphabet, Amazon, Nvidia and Meta Platforms — now have a combined valuation of around $10 trillion and account for more than a quarter of the total market capitalisation of the S&P 500.

All of these stocks have doubled in value in 2023 — and Nvidia and Meta more than doubled — thanks to the dawn of artificial intelligence and expectations that the Federal Reserve will soon halt interest rate hikes. The benchmark index is up 8% in 2023, but its return is down to just 2% if technology companies are excluded. The S&P 500 is also well behind the technology-heavy Nasdaq Composite, which has entered bull market territory, jumping 22% this year.

Historically, it is rare for a handful of stocks from one sector to make up such a large proportion of the S&P 500. The last time the five largest valuation companies accounted for a quarter of the total market value of the index was in the 1960s, according to Schroders. It is also the first time in history that all five of the largest publicly listed companies represent the same industry.

However, this is not all good news for investors.

It is tempting to view the dominance of the technology sector as a good thing. But single-industry stocks tend to be vulnerable to the same macroeconomic factors — such as rising interest rates, which often hit technology stocks harder than other companies because they are more reliant on borrowing cash.

The overall size of the S&P 500 market is so concentrated around technology companies that it is more vulnerable to sharp price swings than before, Minerva Analysis said. When there is a narrow group of leaders, there is a big risk if something bad happens to technology. If interest rates rise to 7%, it will be bad news for the whole market.

So while the tech giants have provided a surprise rally in equities in 2023, their rising market capitalisation could end up being more of a curse than a blessing for investors.

TRADER' STARTER PACK
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Dear clients,

When you are at the start of your trading path, you might want some boost, something to get ahead. This time we'll be looking at some strategies which can help a beginner to gain an egde.

Join us on May 31 at 12:00 GMT.

During webinars, FreshForex analyst will answer your questions regarding the market situation and comment on the latest news.

If you missed the previous webinars, you can always find them here.

THE RISING SUN OF THE MARKET
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Dear clients,

As Japanese equities have unexpectedly come back into fashion with global investors, analysts at leading Wall Street investment banks are predicting further gains in the country's major indices.

Japan's Topix index (Tokyo Price Index) has reached new highs in the last two weeks, and on Monday it recorded its highest level since July 1990.

It has jumped 14% since the start of this year, recently fuelled by optimism from the tentative debt ceiling deal reached between US President Joe Biden and House Speaker Kevin McCarthy, along with momentum from a weaker yen. Meanwhile, the Nikkei 225 continues to rise, gaining around 20% over the past year.

The start of an inflationary regime, combined with Tokyo Stock Exchange valuation reforms, will see Japanese equities hit record highs as early as the first half of 2025, according to BofA Securities.

BofA's forecasts echo those of other Wall Street firms, which see further room for a rally in Japanese equities. Heightened interest from foreign investors, strong earnings and a weak yen should continue to support growth in the Topix index. Disappointment with the Chinese economy and Warren Buffett's recent interest in the Japanese market are also cited as motivators.

While equities may face headwinds in the near term, the BofA said there is "no need to take a bearish stance if the market rallies in line with fundamentals". The current investment environment remains favourable following the opening of the economy and stronger inflation.

The rush in Japanese equities reached a record high on Wednesday amid a continued surge in foreign demand for the country's shares and an adjustment in positions ahead of the rebalancing of the MSCI equity index.

The value of shares traded on the Tokyo Stock Exchange's Prime Market index reached an unprecedented level of nearly 7 trillion yen ($50 billion) on May 31. Finance Ministry data on Thursday showed foreign investors were net buyers of Japanese shares for nine consecutive weeks in the period ended May 26, the longest buying period since November 2019.

VISIT THE SEMINAR IN DODOMA CITY
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Seminar in TanzaniaWe invite you to get knowledge about profitable strategies in trading, the seminar will be interesting for newcomers and more experienced traders.

Also, our partner Richard will tell you about FreshForex company — you should know which opportunities you have with us!

Please register for the seminar and become among the first who will receive special prizes!

TRADING SIGNALS: NFP FOR MAY
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Dear clients,

On June 2, the Non-farm Payroll, a measure of US industrial employment, is expected to be published. The report greatly influences the movement of American dollar and related instruments.

We will find out what figures are expected this time from our expert:

Falling unemployment claims and rising employment in services - the lion's share of the US economy - are indicative of positive Non-Farm Employment data, which is favourable for the dollar's strength. On Friday, consider buying USDTRY, USDZAR, USDCAD, USDCHF.

Make the most out of your trades with a 300% deposit bonus!

ONE LESS THING TO WORRY ABOUT. THE GROWTH OF OIL
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Dear clients,

Oil prices rose on Thursday by the largest amount in a fortnight ahead of the OPEC+ meeting on Sunday, while the passage of a bill to suspend the US debt ceiling by the House of Representatives helped offset the impact of rising stocks in the country.

US West Texas Intermediate crude rose $2.01, or 3 per cent, to settle at $70.10 a barrel, recording its biggest daily gain since May 5. Brent crude futures rose $1.68, or 2.3%, to $74.65 a barrel, the biggest daily gain since May 17.

Both benchmarks recovered after two consecutive sessions of declines after the House of Representatives passed a bill late on Wednesday night to suspend the US government debt ceiling and improve the chances of preventing a default. The bill now moves to the Senate.

Market attention has shifted to the OPEC+ meeting on 4 June. Sources within the organisation said the alliance was unlikely to deepen supply cuts at Sunday's meeting, but some analysts believe this is possible as demand figures in China and the US have been disappointing in recent weeks.

US crude inventories rose unexpectedly last week as imports jumped and strategic stocks fell to their lowest level since September 1983, according to the Energy Information Administration.

Data from China's manufacturing sector presented a mixed picture, with Thursday's Caixin/S&P Global manufacturing PMI better than expected, while official government data from the previous day reported that activity at firms in May contracted to its lowest level in five months.

HOT TOPIC: SWAP-FREE CRYPTO IN JUNE!
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Dear clients,

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Meet the summer with profit!

WHEN LESS IS MORE. SAUDI ARABIA CUTS OIL PRODUCTION
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Dear clients,

Saudi Arabia will make deep production cuts in July, in addition to the broader OPEC+ deal to limit supply until 2024, as the group seeks to boost oil prices.

Saudi Arabia's energy ministry said the country's output would fall to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the biggest cut in years.

"This is a Saudi lollipop," Saudi Energy Minister Prince Abdulaziz told on a news conference. "We wanted to ice the cake. We always want to add suspense. We don't want people to try to predict what we do... This market needs stabilisation".

OPEC+ pumps about 40% of the world's oil, which means its policy decisions could have a significant impact on oil prices.

A surprise decision to cut supplies in April briefly boosted Brent crude prices by about $9, but prices have since retreated under pressure from concerns about global economic weakness and its impact on demand. On Friday, Brent crude ended trading for the week at $76.

OPEC+ imposed production cuts of 3.66m bpd, representing 3.6% of global demand, including the 2m bpd agreed last year and voluntary cuts of 1.66m bpd agreed in April. Those cuts were valid until the end of 2023, and on Sunday OPEC+ said it would extend them until the end of 2024 as part of a broader deal on production policy agreed after seven hours of negotiations.

In addition to extending current OPEC+ production cuts by 3.66 million bpd, the group also agreed on Sunday to cut overall production targets by a further 1.4 million bpd from current targets to 40.46 million bpd from January 2024.

However, many of these cuts will not be real as the group has lowered targets for Russia, Nigeria and Angola to bring them in line with actual current production levels. For its part, the United Arab Emirates was allowed to raise its production targets by about 0.2m bpd to 3.22m bpd.

THROUGH THE LOOKING GLASS: APPLE'S WWDC PRESENTATION
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Dear clients,

Shares of Apple Inc. traded at record intraday levels on Monday, but failed to close at an all-time high, although they were on track to do so for most of the session.

Apple shares closed Monday at $179.58, down 0.8 per cent after speaking at its WWDC developer event. The stock was as high as $184.95 ahead of the presentation, surpassing its all-time intraday high of $182.94 set on 4 January 2022, according to Dow Jones Market Data.

The smartphone giant has endured a lot since its last record close, facing pandemic-related supply problems and cost pressures from its customer base. But Wall Street seems fairly relaxed about Apple's ability to thrive in an era of shrinking consumer budgets. One analyst noted after the company's latest earnings report that iPhones priced at $1,000 and above have become a glorified essentials purchase.

In addition to traditional products, the company introduced a mixed reality headset and surprised investors with price and timing: the new Vision Pro will cost $3499, when the expectation area was around $3000, and will be released in early 2024, not later this year. By announcing the Vision Pro, Apple is making an attempt to enter a category that hasn't been widely adopted until now.

Overall, it's been a strong year for big tech companies. For 2023, Apple shares are up 38%, while Microsoft Corp. shares are up 40%, Alphabet Inc. — 43%, Amazon.com Inc. — 49% and Meta Platforms Inc. shares gained more than 125%

TRADING SIGNALS: US FEDERAL RESERVE MEETING
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Dear clients,

On June 14, a meeting of the US Federal Reserve System, the body that performs the functions of the Central Bank of America, will take place. The decision on the interest rate will determine the further movement of the market, which draw attention of traders.

How the interest rate situation will develop now, our expert explain:

The Fed may keep the rate at the current level of 5.25% amid falling inflation in the US economy, but will lower GDP forecasts for the next two years and also signal to traders that they should not expect interest rates to fall in the second half of the year, as inflation risks have not gone anywhere. On Wednesday consider buying USDTRY, USDZAR and selling #NQ100, #SP500, #Coinbase.

And also don't wait on the hot offer — trade crypto without swaps until June 20!

IN AND OUT, 5 MINUTES TRADING
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Dear clients,

Who'd want to spend a good day, staying in a stuffy room staring at the screen? Especially when all you need is 5 minutes and a good plan. This time we'll be looking at a simple, yet a profitable intraday strategy for everyone.

Join us on June 14 at 12:00 GMT.

During webinars, FreshForex analyst will answer your questions regarding the market situation and comment on the latest news.

If you missed the previous webinars, you can always find them here.

PER ASPERA: RECORD PERFORMANCE BY THE NASDAQ AND S&P500
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Dear clients,

On Monday the S&P 500 and Nasdaq rose to their highest closing levels since April 2022, while Oracle hit a record high ahead of quarterly results as investors await inflation data and the Federal Reserve's interest rate decision this week. Thanks to gains by market heavyweights Amazon, Apple and Tesla, the S&P 500 has now recovered 21% from its October 2022 lows. Some investors say Wall Street is in the midst of a bull market.

Tesla is up 2.2% and has now risen for 12 consecutive trading sessions, a record for the electric car maker.

Apple and Microsoft are up about 1.5% each, and the two tech companies' shares have gained 41% and 38% year-to-date respectively.

The S&P 500 rose 0.93% to end the session at 4,338.93 points.

The Nasdaq rose 1.53% to 13,461.92 points and the Dow Jones Industrial Average rose 0.56% to 34,066.33 points.

Rising shares of the biggest companies, better-than-expected quarterly earnings and hopes that the Fed is nearing the end of its monetary tightening cycle have lifted the indices in recent weeks.

The recent rally has widened to include more sensitive sectors such as energy and industrials, as well as small-company stocks, as data continues to suggest the US economy is resilient despite higher interest rates.

0 OR 1? FORECASTS ABOUT THE FED'S UPCOMING RATES
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Dear clients,

The US Federal Reserve will not raise interest rates for the first time in more than a year at its June 13-14 meeting, according to economists polled by Reuters, but a significant minority expect at least one more rate hike this year as the economy remains resilient.

Fed Chairman Jerome Powell signalled in May that the US central bank may soon pause its rate hike cycle to assess the impact of a historically aggressive 500 basis point tightening, raising rates at every meeting since March 2022.

More than 90% of economists, 78 out of 86 surveyed from 2-7 June, believe the Federal Open Market Committee will hold the federal funds rate at 5.00%-5.25% at the end of next week's meeting. The remaining eight expect a 25 basis point rate hike.

Since the last Fed meeting in May, strong economic data and comments from several Fed officials have prompted markets to assume a rate hike at or before the July 25-26 meeting, with previous expectations of a rate cut later this year quickly easing.

This hawkish change in market expectations has helped lift the US dollar to its highest level since March.

The problem is that inflation is not falling fast enough — in April it was 4.4% on the Fed's preferred target and 4.7% excluding volatile food and energy prices. The central bank's inflation target is 2%.

More than a third of survey participants, 32 of 86, believe the Fed will raise rates at least once more this year, including eight who say it will happen in June and 24 who expect a rate hike in July after a pause. Only one predicts a rate hike in both June and July.

Just over 25% of economists, 23 out of 86, predict at least one Fed rate cut before the end of 2023, but this is down from 28% in the previous survey. Markets estimate the probability of a rate cut this year at around 60%.

Less than 60% of respondents to an additional question, 28 of 48, said the world's biggest economy will fall into recession this year, down from more than 70% in a survey conducted just a few weeks ago.

BINANCIAL STRUGGLE
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Dear clients,

Investors withdrew about $1.43 billion from cryptocurrency exchange Binance and its US subsidiary as of 11am Eastern Time (1500 GMT) on Tuesday, data provider Nansen reported, a day after a leading US regulator sued both exchanges.

Binance recorded a net outflow of $1.34 billion in cryptocurrency tokens on the ethereum blockchain, while its US subsidiary, Binance.US, recorded a net outflow of $70.8 million, Nansen said on Twitter.

On Monday, the US Securities and Exchange Commission (SEC) sued Binance, its CEO Changpeng Zhao and operator Binance.US over what it called a "web of deception" to circumvent US laws.

In 13 charges, the SEC alleges that Binance artificially inflated trading volumes, diverted customer funds, failed to restrict US customers' access to its platform and misled investors about market controls.

The lawsuit is the SEC's most significant move against a cryptocurrency company in a major crackdown on the industry this year.

Binance says it is cooperating with the SEC and is "making every effort to answer their questions and address their concerns", including trying to reach a negotiated settlement. "We intend to vigorously defend our platform," the company said in a blog post.

The SEC complaint is the latest in a string of legal challenges for Binance. In March, the US Commodity Futures Trading Commission (CFTC) sued the company for operating an "illegal" exchange and a "bogus" compliance programme.

Zhao said the CFTC's claims were an "incomplete statement of facts".

Another major exchange has encountered similar problems. The SEC filed a lawsuit against Coinbase, accusing it of operating illegally without registering with the regulator. In a complaint filed in federal court in Manhattan on Tuesday, the SEC said Coinbase had been operating as an unregistered broker since at least 2019, conducting cryptocurrency transactions while evading disclosure requirements designed to protect investors.

Global regulators are keeping a close eye on the cryptocurrency world after a series of high-profile crashes wiped out more than a trillion dollars from the market capitalisation of the digital asset industry last year.

Bitcoin has stabilised after yesterday's drop of more than 5 %, its biggest daily drop since 19 April. The world's biggest cryptocurrency last stood at $26,300, up 3.85 per cent for the day.

BREAK TILL DAWN. FED RATE PAUSE
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Dear clients,

The US Federal Reserve left interest rates unchanged on Wednesday, but made it clear in new forecasts that borrowing costs may have to rise by half a percentage point by the end of this year as the US central bank responded to a stronger-than-expected economy and a slower decline in inflation.

In a press conference at the end of the central bank's latest meeting, Fed Chairman Jerome Powell said that US economic and labour market growth was better than expected under the weight of aggressive monetary tightening last year, which will likely lengthen the Fed's fight to reduce inflation, but also allow it to pass with less economic damage.

According to Powell, the pause was made out of caution to allow the Fed to gather more information before determining whether to raise rates again, with the pace of rate hikes now less important than finding the right endpoint that will slow price growth while minimising unemployment growth.

After a year in which many economists and analysts argued that recession was inevitable and the economy was about to crack, according to the Fed's latest quarterly outlook "growth estimates have gone up slightly, unemployment estimates have gone down slightly, inflation estimates have gone up," Powell said.

The Fed's rate hike coincides with an improved view of the economy and hence slower progress in returning inflation to the central bank's 2% target. It is currently more than double that target.

Wednesday's decision interrupted a string of 10 consecutive rate hikes adopted by the Fed in response to the worst inflation outbreak in 40 years with a corresponding set of aggressive moves, including four excessive hikes of three-quarters of a percentage point last year.

A WAY FORWARD. ECB RATE HIKES
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Dear clients,

The European Central Bank on Thursday raised the eurozone's borrowing costs to their highest level in 22 years and said that stubbornly high inflation almost guarantees another hike next month and probably beyond.

The quarter percentage point increase was the ECB's eighth consecutive interest rate hike since it badly miscalculated the sustainability of price growth early last year, bringing its policy rate to 3.5 per cent, a level not seen since 2001.

This came at the same time as confirmation that the ECB is winding down its remaining post-crisis stimulus programmes and an unexpectedly sharp increase in core inflation forecasts by bank staff.

"Unless there are significant changes to our baseline forecasts, it is very likely that we will continue to raise rates in July," ECB President Christine Lagarde told a news conference.

The central bank of the 20 euro-sharing countries also said it now expects inflation to remain above the 2% target by the end of 2025.

The bank raised its forecasts for "core" inflation for 2023 and 2024, excluding volatile energy and food, which the ECB monitors closely. Lagarde also issued her strongest warning yet on rising wages and companies pushing up prices.

Inflation in the eurozone has been falling for months, thanks to lower energy prices and the sharpest rate hike in the ECB's 25-year history. However, it remains unacceptably high for the ECB at 6.1% and underlying price growth is just starting to slow down despite signs of stagnant economic growth.

Although opposing economic factors have likely served as weapons for both sides in the ECB Governing Council, the hawkish majority that insists on further rate hikes remains at the helm.

SWAP FREE VACATION
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Dear clients,

Summer is the traditional time for holidays, but not for those who work in financial markets.

Tech boom on one side and world economic woes on the other swing the market like a pendulum and to end up on the right side of volatility we've got you the fitting instruments. From June 20 to July 5, trade indices without transfer fees.

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3. The promotion is available for all types of trading accounts which were deposited during the promotion period from 299 USD.

4. The company reserves the right to change the terms and conditions of the promotion.

Have your summer of profit!

A HOT PROFIT! ONLY TILL JUNE 30
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Dear clients,

It's time to increase your trade volumes, because we increased the drawdown bonus! Now you get 202% instead of 101%, which will let you open trades that you didn't dare to open before.

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If you have an account, but your bonus is not activated: you can do this in your Client Area via this link. Then you fund your account in the same way and wait until it appears in the "Credit" field.

BITCOIN AND ETHER: GROWTH SUPPORTED BY ACTIVE WITHDRAWALS FROM EXCHANGES
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Dear clients,

According to the latest information, investors are rapidly withdrawing Bitcoin and Ether from cryptocurrency exchanges. This has caused the balance sheets of these cryptocurrencies to fall to surprising levels over the past five years.

On June 19, the lowest Bitcoin and Ether balances since 2018 were recorded.

This withdrawal has eased the pressure on the market, supporting the growth of both assets after their recent declines. For example, Bitcoin reached a price of $30,000 for the first time in 2.5 months.

We can expect Bitcoin and Ether to continue to strengthen as the withdrawal trend continues. This gives additional confidence to investors and confirms the continued popularity of these cryptocurrencies as a long-term investment.

So now is the best time to actively trade cryptocurrencies! And topping up your trading account with crypto right now, you'll get an extra 10% to your account balance for nothing.

TRADING SIGNALS: BANK OF ENGLAND'S DECISION ON INTEREST RATES
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Dear clients,

On June 22, the Bank of England makes a report on the matter of the interest rates, it is one of the most important events affecting the quotes of the pound sterling. Inflation is one of it's main predictors. Using these data, a trader can judge the internal and external economic development of the country, which is especially important when trading pairs that include the GBP.

What to expect and what to pay attention to, tells our leading analyst:

The Bank of England may raise the discount rate by 0.25 p.p. to 4.75% today and signal to traders that further rate hikes are needed due to high inflation in the U.K. economy. A rate hike is negative for the stock market and it is preferable to open a Sell position in the UK #FTSE100 index on Thursday.

During the inflation period, a drawdown bonus is an excellent choice: until June 30, instead of 101%, you get 202% when topping up of 202 USD or more.

AN ENCORE: THE HOTTEST PROMOTIONS MUST GO ON!
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Dear clients,

On numerous requests swap-free indices and 202% drawdown bonus are extended until July 19.

Don't miss the opportunity to trade indices without rollover fee or to double boost your deposit once again.

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THE UPSIDE GAME. BUILDING GROWTH OF OIL PRICES
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Dear clients,

Oil prices rose on Tuesday as markets weighed on supply cuts in August by leading exporters Saudi Arabia and Russia amid an uncertain global economic outlook.

Brent crude futures were up 34 cents, or 0.46 per cent, to $74.99 a barrel by 0618 GMT. US West Texas Intermediate crude was at $70.12 a barrel, up 33 cents, or 0.47%.

Saudi Arabia on Monday said it would extend a voluntary production cut of 1 million barrels per day (bpd) until August, the kingdom's state news agency said. Russia will also cut oil exports by 500,000 bpd in August, Deputy Prime Minister Alexander Novak said.

The cuts would amount to 1.5% of global supply and bring the total number of cuts promised by OPEC+ oil producers to 5.16 million bpd, as Riyadh and Moscow seek to support prices.

US crude stocks were expected to fall by around 1.8m barrels in the week to 30 June, marking the third consecutive week of decline. Industrial stockpile data will be released on Wednesday and official data on Thursday, both of which will be delayed by a day due to a US holiday.

On the macroeconomic front, analysts' forecasts were mixed after business surveys showed a decline in global manufacturing activity due to sluggish demand in China and Europe, and US manufacturing activity fell further in June, reaching levels last seen during the initial wave of the COVID-19 pandemic.

WRITE CLUB. NEW MESSENGER FROM META
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Dear clients,

Mark Zuckerberg on Wednesday directly challenged Twitter with the Threads service, amassing millions of users in a matter of hours, as it seeks to take advantage of the position of its competitor, which is in a significantly weakened state after a series of chaotic decisions by its owner Elon Musk.

"Let's do this. Welcome to Threads," Zuckerberg wrote in his first message on the app, along with a fiery emoji. According to him, 5 million people signed up to the app in the first four hours. Analysts say Threads' tie-up with Instagram could give it a built-in user base and advertising machine. This could siphon off advertising dollars from Twitter at a time when its new CEO is trying to revive its struggling business.

Although Threads launched as a standalone app, users can log in using their Instagram credentials and follow the same accounts, potentially making it an easy addition to the existing habits of Instagram's more than 2 billion monthly active users. According to experts, investors can't help but get excited at the prospect of Meta actually having a "Twitter killer".

Like Twitter, the app contains short text messages that users can tag, repost and reply to, although it does not have the ability to send direct messages. Messages can be up to 500 characters long and include links, photos and videos lasting up to five minutes, according to Meta's blog.

Meta shares rose 3% on Wednesday ahead of the launch, outpacing the rise of rival tech companies.

BITCOIN SUPPORT FUND
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Dear clients,

Bitcoin reached its highest level in 13 months on Thursday, rising 3.28% to $31,500.

The world's largest cryptocurrency recently found support thanks to plans by fund managers, including BlackRock — the world's largest asset manager — to launch a US-registered spot bitcoin exchange-traded fund (ETF).

Nasdaq has reapplied to list BlackRocks' ETF, according to a statement released on Monday, after the US securities regulator raised concerns about the initial applications.

The US Securities and Exchange Commission has rejected about 30 applications for exchange-traded funds over the past decade. However the BlackRock Inc. initiative has ignited interest, and a flurry of new applications and amendments to existing offerings has followed.

TRADING SIGNALS: NFP FOR JUNE
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Dear clients,

On July 7, the Non-farm Payroll, a measure of US industrial employment, is expected to be published. The report greatly influences the movement of American dollar and related instruments.

We will find out what figures are expected this time from our expert:

Strong employment growth in the service sector — the biggest contributor to the US economy — signals positive Non-Farm Employment data, which is favourable for the American dollar and negative for equity indices, as it leaves the Fed with no choice but to continue its policy of raising interest rates. On Friday consider buying USDZAR, USDCHF and selling AUDUSD, XAUUSD, #SP500, #NQ100.

Get ready for sure with a 300% deposit bonus!

THE CALM BEFORE THE SWARM?
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Dear traders!

Oil prices fell in Asian trading on Monday as investors are cautious ahead of fresh economic data from top consumers in the United States and China this week, although an expected drop in crude supplies from Saudi Arabia and Russia capped losses.

Brent crude futures fell 55 cents, or 0.7%, to $77.92 a barrel by 0630 GMT, while U.S. West Texas Intermediate was at $73.31 a barrel, also down 55 cents, or 0.7%.

Factory prices in China fell in June at the fastest pace in seven years, government data showed on Monday, as the pace of economic recovery in the world's second-largest economy slowed.

Oil prices rose more than 4% last week to their highest levels since May, climbing for a second straight week after the world's biggest oil exporters, Saudi Arabia and Russia, pledged to deepen supply cuts in August.

Experts believe market volatility is fueled by the ongoing tug-of-war between concerns about demand controls by Western economies and OPEC's supply control strategies, affecting the delicate balance of the oil market.

Non-OPEC+ supply is keeping pace with global demand, JPMorgan analysts said in a note, adding that OPEC+ needs to deepen production cuts by another 700,000 bpd in the second half of the year on top of the announced cuts and extend them to 2024.

THE СASTLING OF NASDAQ 100
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Dear clients,

Shares of Apple, Microsoft and other heavyweights fell on Monday after Nasdaq Inc said it intends to rebalance the Nasdaq 100 index to eliminate "over-concentration."

Apple's market capitalization fell 1.1% to $2.967 trillion, after surpassing the $3 trillion threshold for the first time on June 30. Shares of Alphabet and Amazon fell more than 2%, while Microsoft and Tesla fell more than 1%.

Wall Street's most expensive stocks declined after Nasdaq said late Friday that it would conduct a "special rebalancing" of the index to "eliminate excessive concentration in the index by reallocating weightings."

The adjustment will be based on shares outstanding as of July 3, and the changes will be announced July 14 and take effect before the market opens July 24.

WHAT'S IN THE NEWS? TIPS FOR A SUCCESSFUL NEWS TRADING
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Dear clients,

News are fundamental element of trading and should be treated accordingly. This time, we'll be looking for the best approach in news trading.

Join us on July 12 at 12:00 GMT.

During webinars, FreshForex analyst will answer your questions regarding the market situation and comment on the latest news.

If you missed the previous webinars, you can always find them here.

TRADING SIGNALS: JUNE INFLATION IN THE U.S.
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Dear clients,

A closely watched US inflation report may help address one of the most pressing questions among traders: whether the market has correctly identified the short-term trajectory of interest rates. Belief in lower rates has driven bond yields lower, supporting giant tech and growth stocks that have exposure to broad stock indexes.

What to expect this month, our expert explain:

The market is expecting US inflation to fall 0.9 pp to 3.1%, but the final figure could be above consensus forecast on the back of a strong labor market, as job and wage growth has always kept inflation high in the past. On Wednesday, consider buying USDTRY, USDZAR and selling #NQ100, AUDUSD.

Any market shift will prove easier with a 202% drawdown bonus.

DEEP DIVE. THE DOLLAR'S BIGGEST DROP IN A YEAR
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Dear clients,

The dollar fell to its lowest level in more than a year on Wednesday after data showed U.S. consumer price growth slowed in June, indicating the Federal Reserve may raise interest rates only one more time this year.

The dollar index fell to 100.54, the lowest since April 2022, and was last down 1% to 100.55, the biggest daily decline since early February.

Following the inflation report, the dollar also hit its lowest against the Swiss franc since early 2015. It was last down 1.3% to 0.8675 francs, having previously fallen to a session low of 0.8660, the lowest since the Swiss National Bank de-pegged the Swiss currency in January 2015.

Data showed that U.S. core consumer prices rose just 0.2% in June, compared with forecasts for a 0.3% rise. The monthly increase in core prices was the smallest since August 2021. On an annualized basis, the core U.S. CPI rose 4.8%, below market expectations for a 5% increase. It was the lowest annualized gain in more than two years.

U.S. rate futures continue to show traders overwhelmingly expect a quarter-point increase in the discount rate, to the 5.25%-5.5% range, at the Fed's July 25-26 meeting, but the probability of another rate hike before the end of the year is now around 25%, down from around 35% before the report.

CHALLENGE ACCEPTED. A TECH STARTUP FROM ELON MUSK
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Dear clients,

Billionaire entrepreneur Elon Musk launched his long-sought artificial intelligence startup xAI on Wednesday, unveiling a team made up of engineers from the very large U.S. tech companies he hopes to challenge in his quest to create an alternative to ChatGPT.

The startup will be led by Musk himself, who has repeatedly stated that the development of artificial intelligence should be put on hold and that the sector needs to be regulated. Musk has repeatedly voiced concerns that AI could lead to "civilizational destruction."

On Wednesday night on Twitter Spaces, Musk outlined his plan to create safer AI. Instead of explicitly programming morality into its AI, he said, xAI will seek to create an AI that is "as curious as possible."

"If it tries to understand the true nature of the universe, that will be the best I can come up with in terms of AI safety," Musk said. "I think he will be in favor of humanity from the standpoint that humanity is much more interesting than non-humanity."

Musk's new company is separate from X Corp but will work closely with Twitter, Tesla and other companies, according to its official website.

CHARGING AHEAD: TESLA'S NEW SUCCESSES
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Dear clients,

Tesla's strategy of boosting sales by lowering prices probably led to its strongest revenue growth in five quarters, while profitability fell to a three-year low in the April-June quarter.

Since late last year, the Elon Musk-led electric car maker has launched a price war to stimulate demand and stifle competition from older automakers such as Ford Motor and Chinese rivals including BYD.

Tesla is expected to report on Wednesday that gross margins fell to 18.9% in the second quarter, according to 19 analysts surveyed by Visible Alpha. That's down from 20.2% in the previous quarter and 25.9% a year earlier.

With electric car sales slowing, Tesla has been aggressively trying to capture a bigger share of the U.S. charger market in an effort to diversify its revenue streams. It has entered into agreements with companies such as Ford Motor and General Motors to use its North American Charging Standard (NACS), allowing its market value to more than double to $880 billion this year. Following these partnerships, several charging companies have announced their intention to adopt Tesla's standard.

While this will not contribute much to second-quarter revenue, which is expected to grow 45.2% to $24.59 billion, analysts predict it will significantly boost the company's earnings going forward.

"IT'S NOT SO BAD": GOLDMAN SACHS ON POSSIBLE US RECESSION
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Dear clients,

Goldman Sachs chief economist Jan Hatzius said on Monday that the bank is lowering the probability of a US recession starting in the next 12 months to 20%, down from its previous forecast of 25%.

"The main reason for our downgrade is that recent data have reinforced our confidence that a decline in inflation to an acceptable level will not require a recession," the bank said in a research note.

Market expectations for a so-called "hard landing" - a scenario in which interest rate hikes by the U.S. Federal Reserve drive the economy into recession - were recently challenged by data showing consumer and manufacturing price inflation slowed in June. Slowing inflation is likely to lead to looser monetary policy in the future. Meanwhile, economic activity remains resilient despite the significant increase in borrowing costs since the Fed's rate hike campaign began in early 2022.

As for the current inversion of the Treasury yield curve, which is generally seen as a harbinger of an impending recession, Hatzius said it reflects and simultaneously confirms "overly pessimistic" economic forecasts.

An inverted yield curve usually signals that the Fed will cut rates to stimulate the economy. However, according to a Goldman Sachs economist, there is a "plausible path" for the Fed to cut interest rates just because of lower inflation.

CHANGE IN CASHBACK PROGRAM CONDITIONS
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Dear clients,

We would like to inform you about changes in Cashback promotion conditions, now the minimum trade time (MTT) is 3 minutes.

Join to the service, trade and get a spread refund up to $20!

CRYPTO TOP UP BONUSES CONTINUE!
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Dear clients,

We are glad to inform you that the deposit promotion has been extended until October 31. Use the cryptocurrency you like and get a profit in every replenishment.

Be sure to check the updated terms and conditions:

1. The promotion is valid from March 9 till October 31, 2023.

2. The amount of the bonus is 5% for each deposit by cryptocurrency up to 500 USD / 500 EUR / 50,000 RUB in the trading account currency and 10% for deposits from 500 USD / 500 EUR / 50,000 RUB in the trading account currency.

3. The bonus is credited to the deposited trading account to the "Balance" field and can be used without limitations but according to the full terms of the promotion. Maximum bonus amount is 500 USD / 500 EUR / 10 MBT / 5000 RUB in the trading account currency.

4. The Company is reserves the right to:

4.1. Deduct bonus funds if the Client decides to withdraw over 30% of the deposited amount within 60 days after the deposit;

4.2. Refuse to credit the bonus, limit its size for the Client, and (or) deduct bonus funds at its discretion at any time;

4.3. Change the terms or the period of the promotion.

5. By recieving the Bonus, the Client confirms their compliance with the terms of promotion.

LINING UP: NEW CRYPTOCURRENCY ETFS UNDER REVIEW
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Dear clients,

The US Securities and Exchange Commission (SEC) has accepted for review spot bitcoin fund applications from six companies, including BlackRock, marking the first step in the process of deciding whether to approve or disapprove the latest batch of proposals.

The SEC also formally recognised applications by Bitwise, VanEck, WisdomTree, Fidelity and Invesco to create similar spot bitcoin fund ETFs, with those proposals published in the Federal Register on Tuesday and Wednesday.

The SEC had previously rejected dozens of applications to create spot bitcoin ETFs, saying the proposals did not meet fraud and investor protection standards. But Nasdaq, on which BlackRock proposed to list its ETF, said earlier this month that it was going to address those concerns by partnering with Coinbase, the largest U.S. cryptocurrency exchange, to control trading on the underlying bitcoin market.

The first bitcoin futures ETF was approved in October 2021, helping the volatile bitcoin hit an all-time high of $69 000 in November 2021.

MORE EFFICIENT TRADING WITH DRAWDOWN BONUS
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Dear clients,

Good news! The drawdown bonus is also extended until 31 October. Use the extra funds to support your account during drawdown or to increase your trading turnover.

Also pay attention to the updated terms and conditions:

The bonus amount is 101% for each deposit from 101 USD / 101 EUR / 8080 RUB in the trading account currency.
The bonus is deducted from the account in full in case of creating a withdrawal request or transferring funds to another account.

Trade with certainty!

COMING SOON? US RECESSION DATA
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Dear clients,

An index designed to track turns in the US business cycle declined for the 15th consecutive month in June, led by weakening consumer sentiment and rising jobless claims, marking the longest decline since the 2007-2009 recession.

The Conference Board said Thursday that its index of leading economic indicators, a gauge that helps forecast future economic activity, fell 0.7% to 106.1 in June after a revised 0.6% decline in May.

"Taken together, the data for June suggest that economic activity will continue to slow in the coming months", the organisation's analysts said. The Conference Board reiterated its forecast that the US economy is likely to be in recession from the current third quarter to the first quarter of 2024.

The Conference Board also noted that the decline in the LEI index is accelerating, with it falling 4.2% in the past six months, down from 3.8% between June and December 2022.

ANALYST EX MACHINA: A CONTEST FROM FRESHFOREX
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Dear clients,

The development of artificial intelligence is moving by leaps and bounds; from drawing to weather forecasting, it seems that there is practically no limit to AI capabilities.

But does the machine understand trading? That's what we about to find out, and while we at it, have a bit of a competition.

From 24th to 30th July, register and trade on signals from the AI. The three participants with the largest number of open positions will get $50 to their accounts.

All details are on the contest page.

And keep in mind: the AI only advises, you decide.

Trade intelligently!

A ROUND THE WORLD. CRYPTOCURRENCY FROM THE CREATOR OF CHATGPT
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Dear clients,

On Monday, the Worldcoin cryptocurrency project, founded by OpenAI CEO Sam Altman, will launch. The company creating Worldcoin is Tools for Humanity, based in San Francisco and Berlin.

The core offering of the project is the World ID, an account that only real people can get. To get a World ID, a customer registers and personally undergoes an iris scan with a Worldcoin "orb" — a silver ball about the size of a bowling ball. Once the iris scan confirms that the person is real, a World ID is created.

The project has 2 million users during its beta testing period, and with Monday's launch, Worldcoin is expanding its "orbing operations" to 35 cities in 20 countries. As an incentive, those who sign up in certain countries will receive a Worldcoin WLD cryptocurrency token.

The cryptocurrency aspect of World IDs is important because cryptocurrency blockchains allow World IDs to be stored in such a way that privacy is preserved and they cannot be controlled or disabled by any entity.

According to the authors of the project, World IDs will be necessary in the era of generative chatbots with artificial intelligence, such as ChatGPT, which create remarkably similar speech to human speech. World IDs will be able to be used to distinguish real people from AI bots on the Internet.

Major cryptocurrency exchange Binance said it will list Worldcoin, with a tentative opening of trading expected at 09:00 GMT on Monday.