FreshForex broker

[FreshForex]

SAUDI ARABIA DELIVERS A MAJOR BLOW TO THE DOLLAR!

Oil prices have shown steady growth from $76 to $85 per barrel of Brent crude (#BRENT) since the beginning of June. This rise is driven by seasonal factors: high consumer activity during the summer driving season, increased demand from the transportation sector, and higher electricity consumption for air conditioning.



However, a more significant development in the oil market is the expiration of the 50-year-old Security Agreement between Saudi Arabia and the USA, signed in 1974, and Riyadh's refusal to renew it.

The agreement facilitated economic cooperation and military needs between the two nations, stabilizing the situation after the crises of the 1970s. The US benefited from oil at favorable prices, while Saudi Arabia gained a technological ally and wealth. Crucially, this agreement mandated that Saudi Arabia sell its oil exclusively for dollars, a restriction that no longer applies. This system greatly strengthened the dollar's position as the dominant global reserve currency by creating worldwide demand for dollars directly tied to oil transactions. Many have called this the "deal of the century."

Abandoning the petrodollar system could, in the long run, weaken the dollar's influence and impact US financial markets, reducing Washington's ability to accumulate national debt and profit from exports. Countries like China, Russia, Iran, and India are increasingly settling trades in their national currencies. By 2023, already 20% of global oil was being purchased without using the dollar. Now, Saudi Arabia can sell oil for any currencies or assets, including the yuan, gold, and even cryptocurrencies, which could significantly boost the value of these assets over time.

FreshForex analysts recommend closely monitoring changes in settlement schemes in the energy markets. Trading instruments like Bitcoin (BTCUSD), Gold (XAUUSD), and the US Dollar to Chinese Yuan (USDCNH) might become very profitable investments in the future.

Invest ahead of the curve!

[FreshForex]

RANGEXPERT - A VALUABLE TOOL FOR BOTH NOVICE AND EXPERIENCED TRADERS

In the world of trading, tools that enhance accuracy and success are always in demand. Today, we introduce another complimentary indicator available on the MQL Market - the largest store for ready-made trading robots, indicators, and other applications for the MetaTrader platform.

The RangeXpert indicator assists both novice and professional traders in identifying ideal market conditions and following strong trends. RangeXpert's specialized algorithms help find the perfect entry point for trend trading, significantly increasing the likelihood of success. You can use it as a primary or supplementary tool for your trading strategy.

Key Advantages of RangeXpert:

- Versatility: Designed for various trading styles, including scalping and intraday trading.
- Compatibility: Available for both MT4 and MT5.
- Suitable for any assets: Currency pairs, cryptocurrencies, metals, stocks, and indices.
- Flexibility: Works on different timeframes (recommended M1, M5, M15, and H1).
- Accurate signals: Clear take-profit and stop-loss lines, advanced trailing stop with pip indications.
- Intuitive interface: Easy-to-understand colors, charts, and trend information, highlighting candles during strong price movements, changing signal colors for potential trend reversals.
- Diverse notifications: Pop-up windows, email, push notifications, and sound alerts.



Choose the appropriate FreshForex account type - Classic, Market Pro, or ECN - and test RangeXpert today. It is a powerful tool for any trader aiming for success in the financial markets. Fund your trading account and use the terminal to the maximum!

Improve your trading

[FreshForex]

LAUNCH OF ETHEREUM ETF CAUSED A 10% PRICE DROP?!

For the fourth day, the news has been buzzing about the launch of Spot Ethereum ETFs (Exchange-Traded Funds). Everyone expected a huge influx of capital and that the price would skyrocket! On the first day alone, ETH-ETF surpassed $200 million!

But we didn't rush with the news, as in the meantime, the ETHUSD price dropped by 10%...

What happened?

Ethereum failed to hold above the critical support level of $3250, leading to a drop below $3150. This forced traders to reassess their strategies, considering the high volatility of the cryptocurrency. The simultaneous drop in Bitcoin and other cryptocurrencies further exacerbated investor uncertainty, prompting many traders to close their positions out of fear.

What factors are the loud media not considering?

Sell-offs by major holders: According to Farside Investors, on the first day of trading after the launch of the Ethereum-based ETF, the Grayscale Ethereum Trust (ETHE) lost $484.1 million. Farside Investors did not provide data on the iShares Ethereum Trust ETF (ETHA) created by Blackrock. However, according to the information published on the derivative's website, ETHA's capitalization level fell by $25,558 due to a 0.23% drop in share price.

Political uncertainty: For instance, the nominee for chairman of the Financial Services Commission (FSC) of South Korea, Kim Byung Hwan, urged the government to be cautious with the launch of spot ETFs linked to cryptocurrencies.

Everyone who wanted to buy has already bought: Some experts believe that since the 180-degree shift in the SEC's stance, all investors who wanted to buy Ethereum have already done so and hold ETH as an investment, primarily on the spot market.

However, FreshForex analysts believe that in the long run, Ethereum will inevitably rise. Once investors see real reasons for new purchases, not just the hype around the ETF launch, the influx of funds will stabilize and the price will start to increase. Currently, the price has fallen significantly close to the important psychological level of $3000, but a strong rebound has timely appeared. If you want to profit from future growth, buying at a lower price is a great entry point!

Don’t listen to the loud news, read the verified analysis from FreshForex, and profit with us!

Become a crypto investor

[FreshForex]

THE MOST IMPORTANT WEEK FOR TRADERS!

The remaining days of this week mark the beginning of August, making it one of the most eventful weeks of 2024! The Federal Reserve, the Bank of England, and the Bank of Japan are making crucial economic decisions impacting global financial markets.

Key economic indicators, including changes in interest rates and the highly anticipated U.S. Nonfarm Payrolls report, will also be released this week.

Track all events across countries in our Forex Economic Calendar.

At the same time, stock market investors are focused on the current U.S. corporate earnings season, with special attention to whether the hype around AI is really coming to an end.

Given the significant drop in U.S. stock prices last week, analysts will be closely watching the financial reports of major corporations this week. If tech giants like Meta (formerly Facebook), Apple, Amazon.com, AMD, and Intel maintain optimistic AI-related revenue forecasts, it could trigger a broader stock market recovery.

For crypto traders, the main event last week was Donald Trump's speech at a Bitcoin conference. Here are the key points from his speech:

* Bitcoin is the ninth most valuable asset in the world. One day, it will surpass gold in market capitalization.
* If we don't embrace crypto technologies, China will outpace us. I want the U.S. to lead in technology and all other sectors.
* The United States will become the crypto capital of the planet.
* Trump confirmed his intentions to make the U.S. a more favorable jurisdiction for crypto business, including mining.
* Trump stated that he would create a strategic national reserve of bitcoins if elected.

Such bold rhetoric around cryptocurrencies only increases investor interest, injecting new money flows into the crypto world.

Don't miss the chance to invest in key market trends and earn with FreshForex. To help you get started, we are offering a 10% bonus on your balance with your first cryptocurrency deposit!

Grow your capital

[FreshForex]

BLACK MONDAY! WHAT TO DO???

On Monday, August 5, 2024, stock markets worldwide experienced a sharp decline.

The most significant drop was recorded in Asia, where the Nikkei index (#NEKKEI) on the Tokyo Stock Exchange fell by an impressive 12.4%. This result was the largest since Black Monday in October 1987.

Experts from Anderida Financial Group noted, "The long-standing interest rate differential between the Fed and the Bank of Japan encouraged a carry trade strategy: borrowing in the depreciating yen and purchasing dollars with the proceeds. This went on for quite a while. Now people are closing these positions."

European markets were also affected: the French CAC 40 (#CAC40) decreased by 2.1%, the Spanish IBEX (#IBEX35) by 2.8%, and the British FTSE100 (#FTSE100) by 1.7%. American indices showed a similar trend: the Dow Jones Industrial Average (#DJI30) fell by 2.6%, NASDAQ (#NQ100) lost 3.4%, and the S&P 500 (#SP500) dropped by 3%.

The decline was particularly severe in the technology sector. Major companies like Apple (#APPLE), Amazon (#AMAZON), Microsoft (#MICROSOFT), Alphabet (#GOOGLE), Meta Platforms (#META), and Tesla (#TESLA) suffered significant losses of nearly 10%, except for Tesla, whose shares fell "only" by 7.5%.

Investors are concerned about recent unemployment statistics in the US, which were higher than expected. The unemployment rate unexpectedly rose to 4.3% in July, against the forecasted 4.1%.

The cryptocurrency market also took a hit. Bitcoin (BTCUSD) tested the support line at $50,000, and Ethereum (ETHUSD) tried to fall below $2,200. Several lesser-known coins lost up to 20% in value within 24 hours.

However, FreshForex analysts see this downturn as not only a worrying challenge but also a chance. Fed Chair Goolsbee stated that the Fed is ready to act: in the event of worsening economic conditions, an emergency meeting may be convened with subsequent rate cuts. This could stimulate a new wave of liquidity in the market, opening up wide chances for investors.

Don't panic! Now is the time to closely follow the news and use market conditions for profitable purchases.

The 101% drawdown bonus will help you withstand sudden market drops!

Make money on the fall

[FreshForex]

STRATEGIC PURCHASES AT A MICRO PRISE!

Following the lead of other tech giants like NVIDIA, which we covered in May, MicroStrategy has decided to make its shares more accessible to investors. The company recently announced a 10-to-1 stock split, and trading at the adjusted price begins today, August 8!

Today's business world cannot function without in-depth analysis of vast amounts of data. Founded in 1989, MicroStrategy (#MicroStrgy) is one of the largest companies in this field. It continues to strengthen its market position and attract attention with its innovations. This multifunctional data analytics platform offers visualization, integration with various databases, and machine learning capabilities—just a few areas where MicroStrategy excels.

The maximum price of MicroStrategy shares on NASDAQ reached $2,000 per share, and in 2024, the peak growth in value reached 194%! Our analysts believe that after the stock split, the company will be able to attract even more funds, ensuring further growth.

Shares of this tech market giant offer several advantages:

• Powerful data analytics platform: MicroStrategy offers a multifunctional system that allows users to easily process and visualize data, making analysis accessible to a broader audience. The software supports integration with various databases and APIs, enabling companies to use data from different sources in one place.

• Diverse client base: MicroStrategy serves clients from various industries, including finance, healthcare, retail, and technology. This diversifies risks and creates a sustainable source of income.

• Smart predictions and analytics: The platform includes machine learning (AI) and predictive analytics features, allowing companies to analyze past data and forecast future trends. Based on Big Data, the algorithms provide an accurate picture of upcoming events.

• Bitcoin acquisition strategy: MicroStrategy actively buys bitcoin, giving shareholders indirect exposure to the cryptocurrency market. The success of this strategy could lead to significant growth in the company's shares, especially amid increasing interest in cryptocurrencies.

• Growth in subscription services revenue: In Q2, the company earned $24.1 million from subscription services, a 21% increase compared to the previous year.

Additionally, according to a report on the company's official website, MicroStrategy holds 226,500 BTC with a total value of $8.3 billion, and the return on these holdings since the beginning of the year has been 12.2%.


Founder Michael Saylor knew how to strategically allocate the company's funds. You can profit from this as well, with a high probability of a new wave of growth in MicroStrategy's stock price (#MicroStrgy)!

Earn on stocks

[FreshForex]

Golden predictions come true!

Gold prices (XAUUSD) have reached a new all-time high, surpassing $2,550 per ounce for the first time in history.

Our long-term forecast from April 18, 2024, is coming true, with gold rising over $120 per ounce and steadily pushing towards new records.

Factors driving gold prices and expert opinions:


- Major central bank purchases: Gold prices are rising due to significant metal purchases by central banks, boosting its value.

- Geopolitical instability: Increased geopolitical instability, particularly in the Middle East, is driving demand for gold as a safe haven. Ongoing conflicts in various regions also contribute to the rising prices.

- Fed rate cut expectations: Investors anticipate a potential rate cut by the U.S. Federal Reserve, making gold a more attractive option. According to CME, there's a 75.5% probability of a rate reduction from the current 5.25–5.5% to 5–5.25%, enhancing gold's appeal.

- Growth projections: Analysts at ING and other financial institutions predict that gold prices will peak in the fourth quarter of this year, potentially reaching $2,700 per ounce by year-end and $3,000 in the long term.

Trade 13 precious metal contracts with a favorable leverage of 1:1000 with FreshForex!

Buy gold till it's too late

[FreshForex]

U.S. Department of Justice sends NVIDIA stocks tumbling

#NVIDIA shares plunged by 9.5% due to an antitrust investigation by the U.S. Department of Justice. This drop resulted in a $279 billion loss in NVIDIA's market capitalization, marking the largest single-session stock decline in the history of U.S. public companies.



The RangeXpert indicator assists both novice and professional traders in identifying ideal market conditions and following strong trends. RangeXpert's specialized algorithms help find the perfect entry point for trend trading, significantly increasing the likelihood of success. You can use it as a primary or supplementary tool for your trading strategy.

FreshForex experts have analyzed the key risk factors affecting the company’s stock value:

• Antitrust investigation: The crash was triggered by a Bloomberg report that the U.S. Department of Justice (DOJ) has launched an antitrust investigation into #NVIDIA. Authorities suspect the company of abusing its dominant market position, making it difficult for customers to switch to other suppliers. According to sources, the DOJ has requested data from #NVIDIA that may form the basis of a lawsuit against the company.
  
• Impact of insider trading: Experts suggest that insider information about the investigation could have triggered the sell-off of #NVIDIA shares, which has caught the attention of the U.S. Securities and Exchange Commission (SEC).
  
• Financial performance and recession risk: Despite the stock drop, #NVIDIA's financial performance remains strong: revenue in the second quarter of the 2025 fiscal year increased by 122%, reaching $32.5 billion, while net income was $16.6 billion. The majority of the company’s revenue comes from data center products, including AI processors.

However, concerns about a possible U.S. recession and investor skepticism over the return on investments in AI infrastructure continue to pressure the market. Experts are comparing the current situation to the dot-com bubble of the 1990s, which led to a global market collapse.

• NVIDIA’s rise and fall in 2024: Since the beginning of 2024, #NVIDIA shares have risen by 118%, and on June 20, the company briefly became the world's most valuable public company with a market cap of $3.46 trillion. However, by the end of June, the stock had dropped by 13%, resulting in a $430 billion loss in capitalization.

Despite its strong financial performance, NVIDIA faces serious market and legal challenges that could impact its future development. It’s important to note that the demand for innovative technologies could shift the situation, and the tech giant’s growth remains possible.

The 101% Bonus up to $2,500 is widely used by our traders, as it provides real support to endure setbacks and stay on the bullish wave.

Buy NVIDIA on the dip