#InstrumentoftheWeek

⚡️ Second Instrument of the Week! ⚡️

🔥 Fantastic news for traders! We are reducing spreads by 20% all week long on our second instrument, Marathon Digital Holdings (#MARA)! Take the chance to trade this very week when cryptocurrencies are exceptionally volatile.

⚠️ But Wait, There's More! Don't miss out on our detailed #MARA stock analysis, crafted to empower your trading strategies.

📊 In the H4 Timeframe, #MARA formed an ascending channel pattern, and after active growth, the price collapsed to the lower trend line. Indicators give multidirectional signals, which create two possible price movements.

🔼 If the bulls can push the price above the resistance at 20.00, #MARA can rise to 25.00;
🔽 However, a breakdown of the lower trend line and a fall below the support at 18.00 will open the way to 14.00.

Smash 🦄if you're bullish. Put 😈 if you're bearish! Let's check who wins!

➡️ TRADE WITH FBS
@fbsanalytics

#MarketNews

🌤 Happy Thursday, dear traders! Let's check the news moving the financial markets today:

⚡️ Investors brace for more turmoil as the summer market rout, driven by a 25% unwinding of yen carry trades and US recession fears, threatens further volatility ahead of Powell's Jackson Hole speech and Nvidia's earnings.

🇨🇳 China's factory output grew by 5.1% in July, down from 5.3% in June, while retail sales rose by 2.7%, up from 2.0%, signaling a mixed economic recovery.

🇪🇺 The Eurozone's GDP grew by 0.3% in the second quarter of 2024 compared to the previous three months, while unemployment rose by 0.2% during the same period.

🇬🇧 The UK economy grew by 0.6% in the second quarter of 2024, following a 0.7% increase in the first quarter, with solid contributions from the services sector and government spending.

🇯🇵 Japan's economy rebounded strongly in the second quarter with a 3.1% annualized GDP growth, driven by a 1.0% rise in private consumption, reinforcing the case for further interest rate hikes.

🤖 Apple is developing a robotic tabletop home device with a rotating screen, aiming to boost revenue by expanding into smart home products, with a potential launch as early as 2026. #APPLE stock is trading at 221.72.

🔪 Cisco is cutting 7% of its workforce while reporting earnings of 87 cents per share and $13.64 billion in revenue, beating expectations despite a third consecutive quarter of declining sales. Shares of #CISCO rose 0.15%.

💲 Marathon Digital completed a $300 million offering of 2.125% convertible notes due 2031 and used $249 million to purchase 4,144 Bitcoin. #MARA stock is down 2.26% today.

That's it for today, guys! Click on ❤️ if you liked our review, and see you soon!

➡️ Start Trading with FBS
📲 Check the FBS mobile app

@fbsanalytics

☀️ Morning, traders! Here’s what’s making waves in the financial markets today:

⚡️ Goldman Sachs forecasts Asian bonds to underperform emerging market peers, with Latin American bonds potentially gaining 5-10% due to trade improvements. Asia's lower valuation buffers and milder Trump tariffs weigh on performance.

📈 BlackRock is reportedly in a preliminary agreement to acquire private credit group HPS for $12 billion. #BLK stock is up 2.16% on the premarket.

🚀 JPMorgan has raised its S&P 500 target to 6,500 by the end of 2025, up from its previous two-year estimate of 4,200, signaling renewed optimism for US stocks.

📱 The US Federal Trade Commission has launched a major investigation into #MICROSOFT , focusing on potential antitrust violations. Bloomberg reports that the case involves acquisitions exceeding $70 billion.

💰 Marathon Digital Holdings (#MARA) has acquired 6,474 Bitcoin through a convertible notes offering, joining 62 publicly traded companies employing Bitcoin treasury strategies.

#MarketNews

📆 CALENDAR FOR TODAY - 28.11.2024

🔔 Thursday:

🇦🇺 RBA Gov Bullock Speaks - 10:55 GMT+2
🇪🇺 German Prelim CPI m/m - 15:00 GMT+2

That’s it for today, guys! Click on 👍if you liked our review, and see you soon!

📲 Start Trading with FBS

@fbsanalytics

⭐️ Stock Trading Time ⭐️

Shares of #MARA fell to the trend line and bounced off strong support and MA100. %R still shows overbought.

📈 Marathon Digital Holdings has significantly increased its Bitcoin production, reaching a record 1,853 BTC in December 2024, marking a 56% monthly growth. The company also expanded its infrastructure by acquiring mining centers, boosting total capacity by 56%. Additionally, Marathon is diversifying into AI and high-performance computing to reduce reliance on Bitcoin mining.

#Forecast

📈 We may consider buying #MARA on consolidation above 18.00;
🎯 Target: 28.00;

Hit 👍 if you like this kind of analysis!

📲 Start Trading with FBS

@fbsanalytics

💰 The world’s largest public miner, #MARA, etched Trump’s portrait into a BTC block to celebrate the upcoming inauguration of America’s first pro-crypto president!

🚀 Will Bitcoin soar to $150K under Trump’s pro-crypto influence?

📲 Start Trading with FBS

@fbsanalytics