Trade Bitcoin with FreshForex

[FreshForex]

Trade with Artificial Intelligence on MetaTrader 5 and earn!

In the age of digital technologies and artificial intelligence, algorithmic trading is transforming financial markets, offering new chances for profit. FreshForex, always mindful of its clients' success, brings you the latest trends and solutions in the trading world.

"Neural Networks in Algorithmic Trading on MQL5" is a new book proudly presented by MetaQuotes, the developer of the MetaTrader trading platform. The author, Dmitriy Gizlyk, a neural networks expert, has compiled all his knowledge into a convenient guide. The book includes seven captivating chapters, covering everything from the basics of neural networks to testing strategies in real market conditions. Dive into unique mechanisms, explore convolutional and recurrent networks, and enhance your skills with advanced data analysis techniques.

Discover the world of AI possibilities and create your own trading robot on the MetaTrader 5 platform! Don’t miss out on the chance to improve your trading results with AI!

The book is available for reading or downloading on the MQL5 website.

Read "Neural Networks in Algorithmic Trading on MQL5"

If you're new to algorithmic trading, we recommend starting with "MQL5 Programming for Traders" and reviewing the language documentation.

P.S. Until September 29, you have an exclusive chance to trade #BRENT and #WTI oil contracts without swaps and swap-free fees with FreshForex!

[FreshForex]

Fundamental Market Analysis for September 26, 2024 USDJPY

USDJPY:

The Japanese Yen (JPY) remains depreciated against the US Dollar (USD) following the release of the minutes from the Bank of Japan's (BoJ) July policy meeting on Thursday. The yen faces challenges as traders expect the BoJ to ponder before further rate hikes.

The minutes of the BoJ's monetary policy meeting expressed a general view among members on the importance of remaining vigilant on the risks of inflation exceeding targets. Several members indicated that raising rates to 0.25 percent would be an appropriate way to adjust the level of monetary support. Some others suggested that a moderate adjustment in monetary support would also be appropriate.

Pressure on the U.S. dollar is being exerted by the increased likelihood of further interest rate cuts by the U.S. Federal Reserve (Fed) at upcoming meetings. According to CME FedWatch Tool, markets estimate the probability that the Fed will cut rates by 75 basis points to a range of 4.0-4.25% by the end of this year at around 50%.

Traders' attention is now focused on the release of final annualized U.S. gross domestic product (GDP) data for the second quarter (Q2), due later in the day. On Friday, inflation data will be released in Tokyo, which could provide further insight into the economic outlook and possible monetary policy moves by the Bank of Japan.

Trading recommendation: Trading predominantly Sell orders from the current price level.

FreshForex offers a wonderful 300% bonus on every deposit of $100 or more, giving you the opportunity to increase your trading volumes!

You can find more analytical information on our website.

[FreshForex]

Fundamental Market Analysis for September 27, 2024 EURUSD

EURUSD:

On Thursday, the EUR/USD returned to its highest point since the market sell-off in the dollar gained momentum. The release of better-than-expected data from the US has helped to allay concerns about a possible slowdown in the US economy.

Despite a slight easing of recession fears, the US economy is still facing challenges, with key activity indicators showing a decline. Friday will present one final challenge for those monitoring economic data. The release of Personal Consumption Expenditure (PCE) inflation data in the final trading session of the week could have a significant impact on the market if it fails to meet expectations.

In Europe, the EU confidence figures are also scheduled for release on Friday. However, most of these indexed surveys are anticipated to remain consistent with previous readings. Euro traders are particularly focused on the release of European inflation data for September, scheduled for next Tuesday.

The recent decision by the US Federal Reserve to cut interest rates by 50 basis points prompted concerns in global markets, with some investors questioning whether such a drastic move was a reaction to the looming economic slowdown in the US. However, Fed Chairman Jerome Powell clarified that the rate cut was a preemptive measure designed to bolster the US labour market, rather than a reaction to indications of recession.

The positive data on US durable goods orders and weekly initial jobless claims further reinforced the Fed's position, with both figures exceeding expectations. The narrative of a 'soft landing' for the economy remained intact. The upcoming release of Personal Consumption Expenditure (PCE) inflation data on Friday will be a crucial indicator of the impact of the Fed's recent rate cut.

US Durable Goods Orders in August remained unchanged from the previous month, falling short of the previous month's strong increase but still outperforming the projected 2.6% contraction. Additionally, initial jobless claims for the week ending 20 September decreased to 218,000, exceeding the projected 225,000 and indicating a reduction from the previous week's revised 222,000.

Trade recommendation: Trading predominantly Buy orders from the current price level.

Up to $20 for each lot in real money - get a guaranteed income by connecting Cashback promotion!

You can find more analytical information on our website.

[FreshForex]

Fundamental Market Analysis for September 30, 2024 GBPUSD

GBPUSD:

The GBP/USD currency pair is trading at around 1.3385 in the early Asian session on Monday. The prospect of further interest rate cuts by the Federal Reserve (Fed) and a less dovish stance from the Bank of England (BoE) is providing some support to the major pair. The Federal Reserve's Chair, Michelle Bowman, is scheduled to deliver a speech later today.

US inflation has reached a rate close to the Fed's 2% target. The US Bureau of Economic Analysis (BEA) reported on Friday that the headline personal consumption expenditure (PCE) price index rose 2.2% year-on-year in August, up from 2.5% in July. The figure was below the estimated 2.3% level. The core PCE index increased by 2.7% in August, in line with expectations.

On a monthly basis, the PCE price index showed a 0.1% increase over the same period. The CME FedWatch Tool data indicates that the probability of a half-point rate cut in November is nearly 54%, while the probability of a quarter-point cut is 46%.

The appreciation of the pound sterling (GBP) is supported by the expectation that the Bank of England's rate cut cycle will be slower than in the US. This, in turn, serves as a positive factor for GBP/USD. In the absence of significant economic data releases in the UK this week, market expectations regarding the Bank of England's monetary policy actions for the remainder of the year will influence the GBP.

Trading recommendation: Trading predominantly Buy orders from the current price level.

Connect Drawdown bonus 101% and trade with double your deposit! Bonus funds will help you increase your profits or withstand a sudden drawdown!

You can find more analytical information on our website.

[FreshForex]

Market Fundamental Analysis for 1 October 2024 USDJPY

An event to look out for today:

17:00 GMT+3. USD - ISM Manufacturing Index

USDJPY:

The USD/JPY pair is building on an overnight good bounce from the 141.60 area, or near two-week lows, and gaining momentum for the second day in a row on Tuesday. The upward movement takes spot prices above 144.00 during the Asian session and is supported by a combination of factors.

The US Dollar (USD) is receiving support from Federal Reserve (Fed) Chairman Jerome Powell's relatively hawkish tone on Monday, which prompted investors to cut bets on another excessive rate cut in November. The Japanese Yen (JPY), on the other hand, remains on the defensive amid comments from Japan's new Prime Minister Shigeru Ishiba, who said that the Bank of Japan's (BoJ) monetary policy must remain accommodative to support the fragile economic recovery.

In addition, Ishiba said on Monday that he intends to call a general election for 27 October. Furthermore, bullish sentiment in global financial markets is undermining demand for the safe-haven Yen and serving as a tailwind for the USD/JPY pair. Bulls on the Japanese Yen remained on the sidelines after the Bank of Japan's September meeting released a summary of views that the central bank will adjust its accommodative stance if economic conditions improve.

In terms of economic data, Japan's unemployment rate fell more than expected to 2.5 per cent in August from 2.7 per cent in the previous month. In addition, the Bank of Japan's closely watched Tankan survey showed that sentiment among large Japanese manufacturers was stable in the three months to September, while sentiment among large non-manufacturers improved slightly. Nevertheless, this did not provide a boost to the Japanese Yen or the USD/JPY pair, supporting the outlook for further intraday gains.

Market participants now turn their attention to the economic agenda in the US, where ISM manufacturing PMI data and JOLTS job openings data will be released. These data, along with speeches of influential FOMC members, will stimulate demand for the dollar and create opportunities for short-term trading on the USD/JPY pair. In addition, important US macroeconomic releases scheduled for the beginning of the new month, including the Nonfarm Payrolls (NFP) report, should determine the next stage of directional movement.

Trading recommendation: Trade predominantly with Buy orders from the current price level

Up to $20 for each lot in real money - get a guaranteed income by connecting Cashback promotion!

You can find more analytical information on our website.

[FreshForex]

Fundamental Market Analysis for October 2, 2024 EURUSD

EURUSD:

The EUR/USD pair is trading slightly higher around 1.1070 during Asian trading hours on Wednesday. Meanwhile, any signs of rising geopolitical tensions in the Middle East could weigh on risky assets such as the euro (EUR).

Traders are still assessing the likelihood of a sharp rate cut by the US Federal Reserve (Fed) in November after Fed Chairman Jerome Powell said that the US central bank is in no hurry and will lower the benchmark rate “over time”. Financial markets now estimate the probability of a 50 basis point (bps) rate cut in November at nearly 37.4%, while the probability of a 25 bps rate cut is 62.6%, according to CME FedWatch Tool data.

Unfavorable economic data from the U.S. on Tuesday undermined the dollar. The US manufacturing PMI from ISM was unchanged at 47.2 in September, weaker than expectations of 47.5. The report pointed to a continued contraction in the US manufacturing sector.

Eurozone inflation declined in September, falling below the European Central Bank's (ECB) target level. The harmonized consumer price index (HICP) rose 1.8% in September, down from 2.2% in August, Eurostat said on Tuesday. The figure was the lowest since April 2021. The eurozone economy may not be out of the woods yet, even despite encouraging inflation data for September. The ECB cut interest rates to 3.50% in September and has also hinted that another cut may be in the near future.

Fears of an expanding war in the Middle East could put pressure on the common currency and boost safe-haven assets such as the U.S. dollar. Iran launched more than 200 ballistic missiles at Israel on Tuesday, and Prime Minister Benjamin Netanyahu vowed to retaliate against Iran for the missile attack.

Trading recommendation: Watch the level of 1.1070, if the level is fixed above consider Buy positions, if the level rebounds consider Sell positions.

FreshForex offers a wonderful 300% bonus on every deposit of $100 or more, giving you the opportunity to increase your trading volumes!

You can find more analytical information on our website.

[FreshForex]

Fundamental Market Analysis for October 3, 2024 GBPUSD

GBPUSD:

The GBP/USD pair saw a further decline during the early Asian session on Thursday, reaching the 1.3265 level. The renewed demand for the US dollar (USD) amid rising geopolitical tensions in the Middle East provides some support for the major pair. On Thursday, market participants will be monitoring the September ISM Services Purchasing Managers' Index (PMI), weekly initial jobless claims and the final PMI from S&P Global Services.

On Tuesday, Iran launched over 180 rockets at Israel, marking the largest direct strike on the country to date. Israel and the United States have vowed to take action in response to the attack. The conflict in the region is intensifying, with fears of a wider war boosting safe-haven flows and favouring the US dollar against the pound sterling (GBP).

The ADP US employment change data for September exceeded expectations, with 143,000 new jobs created. The figure exceeded the median forecast of 120,000 and the revised August figure of 103,000. On Friday, attention will shift to US employment data in search of new market-moving information.

Trading recommendation: Trading predominantly Sell y orders from the current price level.

Fund your account with cryptocurrency and you will receive up to 10% in balance on your first deposit. The additional funds will be used for trading, increasing trading volumes and helping you withstand drawdowns.

You can find more analytical information on our website.

[FreshForex]

Fundamental Market Analysis for October 4, 2024 USDJPY

An event to look out for today:

15:30 GMT+3. USD - Unemployment Rate

USDJPY:

The USD/JPY pair is fluctuating in a narrow range in the Asian session on Friday, consolidating its weekly rise to its highest level since 19 August, reached the previous day. Spot prices are currently trading below 147.00, unchanged for the day, as traders prefer to stay on the sidelines ahead of the release of important monthly US employment data.

The US Non-Farm Payrolls (NFP) report is expected to show that the country added 140,000 jobs in September, down slightly from 142,000 in the previous month, while the unemployment rate remained unchanged at 4.2%. In addition, average hourly earnings will be looked at to determine the size of the rate cut by the Federal Reserve (Fed) at its next meeting in November. This, in turn, will play a key role in fuelling demand for the US Dollar (USD) and provide a meaningful boost to the USD/JPY pair.

Ahead of the key data release, investors lowered bets on more aggressive Fed policy easing amid signs of a still resilient US labour market. This sent the US Dollar Index (DXY), which tracks the dollar against a basket of currencies, to a one-month high on Thursday. In addition, lower bets for a Bank of Japan rate hike in 2024 as well as political uncertainty ahead of Japan's snap election on 27 October could undermine the Japanese Yen (JPY) and serve as a tailwind for the USD/JPY pair.

Nevertheless, spot prices continue to rise for the second week in the last three, and if the US employment data does not offer any negative surprises, the fundamental backdrop supports the prospects for further gains. At the same time, persistent geopolitical risks associated with ongoing conflicts in the Middle East and the risk of a full-scale war in the region may favour the yen. This may prove to be the only factor restraining bullish traders from aggressive bets on USD/JPY.

Trading recommendation: Trade predominantly with Buy orders from the current price level

Our company provides an opportunity to earn income not only from your trading. By attracting clients within the affiliate program, you can get up to $30 per lot!

You can find more analytical information on our website

[FreshForex]

Fundamental Market Analysis for October 7, 2024 EURUSD

EURUSD:

The EUR/USD pair starts the new week on a subdued note and consolidates last week's significant losses to its lowest level since mid-August, achieved on the back of favourable US jobs data on Friday. The pair is currently trading around 1.0970.

The US Dollar (USD) is near a seven-week high as traders further reduced their bets on another significant interest rate cut by the Federal Reserve (Fed) in November on the back of unexpectedly strong US jobs data. The key NFP figure showed that the economy added 254k jobs in September, well above consensus estimates, while the unemployment rate unexpectedly fell to 4.1%. This was an indication that the US labour market remains robust, while higher than expected growth in average hourly earnings has revived inflationary concerns, dashing hopes for more aggressive easing policies from the Fed.

In fact, current market pricing points to a nearly 95 per cent probability that the Fed will cut borrowing costs by 25 basis points at the end of its two-day meeting on 7 November. In addition, persistent geopolitical risks stemming from ongoing conflicts in the Middle East have helped the US Dollar Index (DXY), which tracks the US Dollar against a basket of currencies, register its lowest week since September 2022. On the other hand, the euro continues to be undermined by bets that the European Central Bank (ECB) will cut rates again in October amid weakening inflationary pressures and slowing economic growth.

Expectations were confirmed by comments from ECB Governing Council member Francois Villeroy de Gallo, who said the central bank will cut rates in October as weak economic growth raises the risk of inflation falling short of its 2% target. This, in turn, is seen as another factor acting as a headwind for EUR/USD and supporting the prospects for further rate cuts in the near term. Thus, any recovery attempt can be seen as a selling opportunity and risks to quickly derail.

Trading Recommendation: We follow the level of 1.0940, in case of consolidation below we consider Sell positions.

Connect Drawdown bonus 101% and trade with double deposit! Bonus funds will help you increase your profits or withstand a sudden drawdown!

You can find more analytical information on our website

[FreshForex]

Market Fundamental Analysis for 8 October 2024 GBPUSD

GBPUSD:

The Pound-Dollar pair attracted some buying during the Asian session on Tuesday and so far seems to have broken a five-day losing streak, hitting a near four-week low near 1.3160 reached the previous day. However, spot prices are unable to consolidate above the 1.3100 mark, causing bullish traders to be somewhat cautious.

Investors remain concerned that tensions in the Middle East could escalate into a larger conflict. In addition, not-so-optimistic comments from the National Development and Reform Commission (NDRC) overshadowed the recent optimism from China's stimulus measures and curbed investors' appetite for risky assets. This is evidenced by the overall weak tone in equity markets, which in turn could help drive inflows into the US Dollar and constrain the GBP/USD pairing.

Meanwhile, Bank of England (BoE) Governor Andrew Bailey said last week that there is a possibility that the central bank could become more aggressive in cutting rates if there is further good news on inflation. This could help limit British Pound (GBP) gains and suggests that the path of least resistance for the GBP/USD pair lies to the downside. As such, any further upward movement could be seen as a selling opportunity and risks quickly coming to naught.

On Tuesday, no market-important economic data will be released from either the UK or the US, so the dollar and the GBP/USD pair will depend on the Fed's words. Meanwhile, attention will be focused on the release of the FOMC meeting minutes on Wednesday. It will be followed by data on the Consumer Price Index (CPI) and Producer Price Index (PPI) in the US, which will play a key role in stimulating demand for the dollar and will give a new impetus to the currency pair.

Trading recommendation: Watch the level of 1.3100, when fixing above it consider Buy positions, when rebounding we consider Sell positions.

Up to $20 for each lot in real money - get a guaranteed income by connecting Cashback promotion!

You can find more analytical information on our website.