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SEPTEMBER HARVEST

Dear clients,

September has come to an end, so it's time to share the results and recall the results of the first weeks of autumn.

So, here is what this month has brought to our traders:

GBPCAD, GBPNZD (Sell) and WTI, NZDCHF, CADCHF (Buy) ended up as the most profitable instruments.



The Heatmap will tell you more about these and other instruments.

September, though traditionally quiet, was not without events:

Autumn was greeted with summer mood and double profit with Cashback+101% promotion.
Double minus yield a plus for clients who traded bitcoin with a 50% discount on spread and swap.
Metatrader 5 terminal has got an update, now with more efficient and visual statistics.


And of course, our regular promotions — +10% for cryptocurrency deposit and 101% bonus.

October is a special month for us, so stay tuned: the company's birthday is just around the corner.

QUARTERLY RETORT

Dear clients,

Budgetary concerns and fears of a prolonged period of higher interest rates caused government bonds to fall in the third quarter, and some investors believe more weakness lies ahead.

US and German government bond yields were set to end September with their biggest quarterly gains in a year. Fund managers had already hoped for relief after the historic losses suffered by bonds in 2022, when the US Federal Reserve and other central banks raised interest rates to curb soaring inflation.

While bond yields, which move inversely to prices, seemed to have peaked earlier this year, renewed hawkish sentiment from central banks has led to a fresh rise in recent weeks.

In the US, for example, the benchmark yield on 10-year Treasuries is currently at a 16-year high of 4.55% and some investors believe it could rise to 5%, a level not seen since 2007. According to Bank of America Global Research, Treasuries have posted their third consecutive year of losses, an event without precedent in U.S. history.

The jump in yields is having a negative impact on equities, which in the U.S. and Europe are poised for their first quarterly decline of the year. Monetary policy expectations have been a key factor: last week, the Fed surprised investors with its hawkish rate forecasts, according to which borrowing costs will remain at current levels for most of 2024.

Investors had to quickly readjust: traders are now betting that the Fed Funds rate, currently at 5.25%-5.50%, will fall to 4.8% by the end of 2024, well above the 4.3% they forecast in late August.

Similarly, investors have pushed back expectations of a rate cut by the European Central Bank as policymakers stick to their course of keeping rates high for a long time. Prices in currency markets indicate that traders see the ECB deposit rate at around 3.5% by the end of 2024, up from 3.25% at the end of August.

Rising yields have not only hit bond investors, but also hurt equities, creating investment competition while raising the cost of borrowing for corporations and households.

The S&P 500 index (.SPX) fell 3.4% in the current quarter, its worst drop in a year, though it is up 11.3% since the beginning of the year. Europe's Stoxx 600 index (.STOXX), meanwhile, is up 5.6% this year but has lost 2.9% over the past three months.

OIL BOIL: A POWERFUL SURGE IN FUEL PRICES

Dear clients,

Oil prices hit one-year highs on Thursday, while global equities faced their longest losing streak in two years as fears of continued high interest rates intensified. This is causing investors to seek shelter under the influence of a rising US dollar.

Currency markets saw a brief respite from the dollar's strength, but it was a significant drop in US crude oil inventories on Wednesday that shook nerves over fears of another supply shock just when the global economy needs it least.

The price of U.S. crude hit $95 a barrel for the first time since August 2022, while Brent crude prices rallied again in early trading in London after hitting a one-year high of $97.69.

The yield on ten-year US Treasuries, the benchmark for global borrowing costs, topped 4.6% for the first time since 2007, having started September at 4%.

Germany's AAA bond yields went up again, while Italy's announcement on Wednesday that its budget deficit was widening again drove its short-term two-year bond yield to a new 11-year high. Traders were also watching U.S. lawmakers try to avoid another government shutdown in Washington.

With European stocks down 0.4% (.STOXX) and U.S. futures on the S&P 500 index, MSCI's main global index tracking 45 countries was on track for a 10th straight day of declines not seen since 2021.

MSCI's index for Asia-Pacific shares hit a 10-month low and Japan's Nikkei index fell 1.5% as investors preparing for the end of Q3 got rid of stocks that have run out of dividends.

FRESHFOREX BIRTHDAY CHALLENGE — SWEET 19!

Dear clients,

FreshForex is celebrating its 19th birthday!

So we're having a challenge with 119 prizes totaling $119,000. The grand prize is $30,000!

guaranteed bonus for completing 30 tasks.
Earn points, and win prizes!

Here's what to do:

1. Register.
2. Complete tasks.
3. Become the best!

19 prizes await everyone who earns 19 points!

Details at FB, IG and TG-channel.

Win your prize!

"THE END OF AN ERA."

Dear clients,

The US bond market is marking the occasion: the era of low interest rates and inflation that began with the 2008 financial crisis is over. What will follow is still unclear.

That market view has become clearer in recent days amid a surge in 10-year Treasury yields to a 16-year high.

According to investors and the New York Fed's regularly updated yield-based model, the betting behind the move is that the disinflationary processes that the Federal Reserve has fought with easy-money policies since the financial crisis have tapered off.

Instead, investors believe investors have concluded that the U.S. economy is probably now in what one regional Fed chairman described as a "high-pressure equilibrium" characterised by inflation above the Fed's 2% target, low unemployment and positive growth.

This important shift in the outlook for rates has profound implications for policymakers, businesses, and the public. The shift to higher and more protracted rates could be painful and manifest itself in failed business models, unaffordable homes and cars. It could also force the Fed to keep raising rates until another failure occurs, as the three regional US banks did in March.

The Fed's market model for decomposing the 10-year Treasury yield into its components provides additional insight into investors' thinking.

In recent days, one component of yields — a measure of the reward investors demand for lending money for the long term — turned positive for the first time since June 2021, according to the ACM model.

The rise in the short-term rate also reflects confidence that structural shifts - from de-globalisation to declining productivity and an aging population - have raised the elusive theoretical interest rate at which growth neither accelerates nor slows and full employment exists at stable prices. It is called the neutral rate, or r-star.

While the market seems confident that the era of zero interest rates is over, it is much less confident about the real prospects for the economy.

The neutral rate, for example, determines whether the Fed Funds rate will slow or stimulate the economy, but no one really knows what the rate is really like until something breaks. Estimates vary widely.

The era of uncertainty has also arrived among monetary policymakers. A San Francisco Fed survey in August, which developed an index to gauge the level of disagreement among policymakers about their economic forecasts, showed that by June it had risen to a level higher than the pre-pandemic average.

SHIFTING INTERESTS: HOW CHANGING RATES AFFECT THE CURRENCY MARKET

Dear clients,

Interest rates are one of the biggest driver of price across the markets, with currency being no exception. This time, we'll continue the talk on fluctuations in interest rates.

Join us on October 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.

BUSINESS AS USUAL

Dear clients,

While markets have largely regained their composure following events in the Middle East, some dovish remarks from US Federal Reserve officials helped calm investors' nerves ahead of Tuesday's trading session.

On Monday, senior Fed officials suggested that rising yields on long-term U.S. Treasury bonds could replace official monetary policy moves in terms of market impact, reinforcing expectations that the U.S. central bank may not need to raise rates further.

European stocks came under pressure on Monday amid news of conflict in the Middle East, but eurozone blue-chip futures STOXX 50 were back on the upside in Asia in the morning.

At the same time, 10-year US Treasuries posted their sharpest rise in more than a month at the opening of trading in Tokyo on Tuesday, fuelled by the Fed's "soft" remarks and demand for safe-haven assets.

The market will have more than enough to hear the views of Fed officials, who will take part in various events on Tuesday, and on Wednesday the minutes of the September monetary policy meeting will be released. All attention will then turn to Thursday's US consumer price index data.

At the same time, the annual meetings of the IMF and World Bank will start in Morocco, where the world's leading politicians will speak.

European Central Bank President Christine Lagarde will speak at Tuesday's meeting after economic data the previous day heightened fears of a possible recession in Germany, the eurozone's largest economy.

In Asia, more bad news came from China, with Country Garden, the largest private property developer, saying it will not be able to meet all of its offshore payment obligations on time or within the relevant grace periods.

AN ALL-FOR-ONE. OPEC+ REPRESENANTIVES' MEETING

Dear clients,

Bahrain, Iraq, Kuwait, Oman, Saudi Arabia, Kuwait, Oman and the United Arab Emirates have reaffirmed their commitment to "collective and individual voluntary adjustments" to oil production, Saudi Arabia's state news agency reported on Sunday.

The six countries' oil ministers met in Riyadh on Sunday on the sidelines of the UN's MENA climate week.

"In addition, the ministers reaffirmed the willingness of the countries participating in the Declaration of Co-operation to take additional measures at any time as part of their ongoing efforts to support market stability, building on the strong cohesion of OPEC+," Saudi state news agency SPA said in a report.

OPEC+ agreed in June to extend voluntary oil production cuts, first introduced in April, until the end of 2024. Additional voluntary cuts by Saudi Arabia and Russia have been extended until the end of 2023 and are subject to monthly reviews.

Organisation of the Petroleum Exporting Countries ministers on Wednesday made no changes to the group's oil production policy after Saudi Arabia and Russia confirmed they would maintain voluntary supply cuts to support the market.

TRADE OIL WITH IMPROVED SWAPS AND GET YOUR 100 BARRELS!

Dear clients,

FreshForex is constantly working to make your trading as comfortable and efficient as possible. Thus, starting October 9, swaps on Brent and WTI oil contracts are dropped by 70%, the costs are reduced to 110 USD per lot.

For example, for transferring an open position to the next day the sale of 1 lot on the #Brent contract — swap will be 40 USD against 150 USD before the changes.

But that's not all, among all of our oil-trading clients, a raffle with a prize of 100 barrels* of Brent oil will be held!

More deals — more chances to win!

Promotion terms and conditions:

1. The campaign period is from October 9 to October 31;

2. All Clients who open a new transaction on a real account for #BRENT and (or) #WTI instruments during the period of the raffle will become participants of the raffle. The more trades, the more chances to win;

3. The prize fund - 100 barrels of Brent oil will be distributed among 5 randomly selected winners, each of whom will receive 20 barrels in dollar equivalent (at the Bid quote of the #BRENT instrument at the close of October 31);

4. The results of the draw will be published on November 1 in the company news;

5. The prizes will be credited within 5 working days after the results are announced in the "Balance" column, respectively fully available for trading and withdrawal.

TRIAL BY INFLATION

Dear clients,

Barely have the markets began to get used to the idea of a dovish stance from the Fed, as the unpleasant data on US producer inflation threatens to rain on parade, making for a nervous wait of the consumer price data to be released later today.

For now, the unchanged and — for equity investors — very welcome statement from Fed officials that caution should be exercised before further rate hikes drowns out any concerns about the data.

Asia-Pacific stocks picked up the baton from Wall Street, with Japan's Nikkei and Hong Kong's Hang Seng both rising more than 1%.

But how quickly markets reversed earlier in the week shows how quickly they can pull back. Despite the dovish notes, the Fed's underlying message remains that rates will rise as much as necessary to contain inflation.

While the prospect of US bond yields returning to 16-year highs above 5% is certainly a risk, there is a sense that the ceiling could be lower, while safe-haven assets are currently in demand amid geopolitical risks.

It's a big day for UK data too, with GDP and industrial production data coming out first.

At its meeting last month, the Bank of England kept interest rates unchanged for the first time since the start of the interest rate tightening cycle in December 2021, but traders are putting the possibility of another rate hike before the end of the first quarter of next year at stake.

TRADING SIGNALS: SEPTEMBER INFLATION IN THE USA

Dear clients,

A closely watched US inflation report may help solve one of the most pressing questions among traders: whether the market has correctly identified the short-term trajectory of interest rates.

What to expect this month, let's learn from our expert:

The Federal Reserve Bank of New York reported an increase in inflation expectations of the population, which is favourable for the US dollar, as the Fed may then raise interest rates at its next meeting in November. On Thursday consider selling GBPUSD, #NQ100 and buying USDZAR, USDTRY.

Let's celebrate our birthday together with FreshForex Birthday Challenge. Trade and win!

FINAL BOSS OF MICROSOFT\ACTIVISION BLIZZARD

Dear clients,

The UK competition authority on Friday approved Microsoft's acquisition of "Call of Duty" game maker Activision Blizzard after earlier concerns were allayed by a restructuring of the deal.

Activision agreed to sell its streaming rights to Ubisoft Entertainment in August, and last month Microsoft proposed measures to ensure compliance with the terms of the deal, allowing the regulator to allay some residual concerns.

The approval will allow Microsoft to complete the deal by 18 October, after it extended the deadline by three months in July to get the UK clearance.

The Competition and Markets Authority (CMA) said Microsoft's concession on streaming was a "game changer" and added that it was the only competition organisation in the world to achieve such a result. 

"The new deal will not allow Microsoft to block competition in cloud gaming as this market evolves, keeping prices and services competitive for UK cloud gaming customers," it said in a statement.

Microsoft announced the biggest deal in gaming industry history in early 2022, but in April the $69bn acquisition was blocked by the CMA, concerned that the US computer giant would gain too much control over the nascent cloud gaming market.

CMA chief executive Sarah Cardell said: "We made it clear to Microsoft that the deal would be blocked unless they addressed all of our concerns and we stand by our judgement." She said the regulator, which has been given greater powers following the UK's exit from the European Union, makes decisions "without political influence" and will not be "subject to lobbying by corporations".

Microsoft expressed "gratitude for the CMA's careful consideration and judgement".

"We have now cleared the final hurdle to finalise a deal that we believe will benefit players and the gaming industry worldwide," said vice president and president Brad Smith.

BUY ON RUMOURS: BITCOIN'S NEW SURGE

Dear clients,

Cryptocurrencies continued to rise in Asian trading on Tuesday, with bitcoin rising to nearly an 18-month high amid speculation about the imminent creation of an exchange-traded bitcoin fund.

The bitcoin exchange rate rose more than 6% to $35,198, its highest since May 2022. It rose 10% on Monday, its best performance in almost a year, and doubled its price in 2023.

Cryptocurrency-related stocks such as Coinbase Global (COIN.O) rose in over-the-counter trading.

An exchange-traded fund (ETF) that holds bitcoin on behalf of fund investors is seen as a demand driver, as it will allow those who don't want to trade in cryptocurrency markets to purchase bitcoin through the stock market.

Investment giant BlackRock is among several companies that have applied to set up bitcoin funds in the US, and speculation over their possible approval has been fuelled by the listing of BlackRock's iShares ETF on the DTCC clearing house website.

Expectations also rose after it was revealed this month that the U.S. Securities and Exchange Commission will not appeal a court ruling that improperly rejected an ETF application from Grayscale Investments.

When and why the iShares ETF was added to the DTCC list was not specified. Last week, BlackRock denied an erroneous report that its ETF had been approved, and sources close to the SEC confirmed that the application was still under review.

THE SOUND OF SILENCE

Dear clients,

Poor lending data and weak purchasing managers' surveys confirmed what traders had already guessed: The rate hike cycle in Europe is over.

Markets believe there is little chance of a rate hike and see a recession on the horizon.

Absent surprises, trading is likely to hinge on earnings - Unilever (ULVR.L), Mercedes (MBGn.DE) and Amazon (AMZN.O) report on Thursday - and the behaviour of yields and the yen.

Google's disappointing results for its cloud division led to the sharpest drop in Alphabet shares since March 2020 on Wednesday, and they fell further in after-market trading in Asian hours.

The yen has surpassed the 150 per dollar mark and is now trading at its lowest level since Japanese authorities intervened last October to push the market higher.

On Wednesday, 10-year Treasury bond yields rallied towards 5% after a rise in US home sales gave further cause for concern about continued high interest rates. Nasdaq futures fell 1%.

"INACTION IS ACTION"

Interest rate brakes are fuelling optimism in markets.A sharp pullback in long-term US Treasury rates gave investors in the Asia-Pacific region a chance to exhale, with bond yields falling from decade highs in Tokyo and Sydney.

Stocks rebounded despite another sharp fall in Wall Street overnight, giving European investors cause for optimism. Japan's Nikkei index jumped 1.5% and Hong Kong's Hang Seng was not far behind.

Undoubtedly, the US dollar is still in the lead, but the yen at least retreated from a one-year low and the euro recovered after European Central Bank President Christine Lagarde announced a pause in the rate hike cycle, saying that "inaction is also action".

Some market recovery on Friday would be a good respite before a possible volatile marathon next week, when the Bank of Japan, the US Federal Reserve and the Bank of England will make policy decisions on consecutive days.

The ECB has raised expectations that policy tightening in the US and UK has come to an end, making the Japan meeting potentially the most interesting. Perhaps for a central bank prone to surprises, the BOJ announcement will come on Halloween, with a weakening yen and rising yields fuelling speculation of another hawkish policy shift.

BREAKING NEWS FOR SOUTH AFRICA — DEPOSIT WITH KUCHINGA VOUCHER, OZOW, AND SNAPSCAN!

Dear clients,

We're thrilled to announce a super convenient way to make deposits in South Africa.

Find a new deposit methods in your Personal Area, namely Kuchinga Voucher, Ozow and Snapscan.

Here's the rundown:

No deposit fees
Currency: ZAR (South African Rand)
Minimum deposit amount: 200 ZAR
Maximum deposit amount: 37,900 ZAR
Choose from three options: Kuchinga Voucher, Ozow, Snapscan
Don't miss out on this stress-free way to top up your account in South Africa.

Thanks for making us your go-to for all things trading!

DOUBLING THE DOUBLE: DEPOSIT BONUS 202%

Dear clients,

Is it possible to hedge against volatility and increase the trading balance at the same time? Yes, with the deposit bonus, now 202%.

For every deposit of $202 or more, your account will be credited with a 202% deposit bonus.

With this bonus, not only will you double your deposit, but you'll also create a protective cushion for your account in case of a loss.

And don't delay, the offer is available until the 14th of November!

+15 TO ACCOUNT: BONUS FOR DEPOSITS WITH CRYPTOCURRENCY

Dear clients,

Do you want to get profit right from the doorstep? Deposit with any cryptocurrency and get up to 15% of the amount in real funds.

And hurry up, the offer is valid until the 14th of November!

Full Terms:

1. The promotion period is from November 1 to November 14, 2023.
2. The amount of the bonus when depositing with cryptocurrency is:
2.1. 5% up to 500 USD / 500 EUR in the currency of the trading account;
2.2. 10% from 500 USD / 500 EUR in the currency of the trading account;
2.3. 15% from 1 000 USD / 1 000 EUR in the currency of the trading account.
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 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. To 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.

OCTOBER FEST

Dear clients,

October is known for its volatility and this month - from oil rallies to bitcoin phoenix - was no exception.

Let's see how the month went for our clients:

The most profitable instruments were currency pair Dollar\Israeli Shekel (USDILS), Dollar\Bitcoin (BTCUSD) and Gold\Australian Dollar (XAUAUD) on Buy deals; oil West Texas Intermediate (#WTI) and Brent (#BRENT) on Sell deals.

What did FreshForex traders earn on?

The Heatmap will tell more about these and other instruments.

The month was quite competitive:

FreshForex celebrated its 19th anniversary with the FreshForex Birthday Challenge, where traders competed for places in the ranking;
A large prize pool of 100 barrels of Brent was raffled off among oil enthusiasts.


We're barging into November with two promotions — +15% to cryptocurrency deposit and a 202% support bonus. It's up for two weeks, so be quick and have a great November!

FOUR SINGLES — TWO PROMOS: HOW TO MAKE MONEY DURING THE SALE PERIOD?

Dear clients,

November is known for its festival of sales, but we decided to throw a party for those who want to earn money instead:

Till November 14, you can make a deposit with cryptocurrency and get up to 15% bonus on your account, as well as double your deposit with 202% bonus.

Profit while others spend!

EVERYBODY GETS TO TRADE! NEW OPPORTUNITIES FOR NATIONAL AND CRYPTOCURRENCIES

Dear clients,

Great news, stocks are now available for even more currency accounts:

Currencies for MT4 and MT5: South African Rand (ZAR), Nigerian Naira (NGN), Malaysian Ringgit (MYR), Tanzanian Shilling (TZS), Kazakhstani Tenge (KZT).
Cryptocurrencies for MT5: MilliBitcoin (MBT), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), Binance Coin (BNB), Cardano (ADA).
Cryptocurrency for MT4: MilliBitcoin (MBT).

Current promotions:

101% drawdown bonus will double your trading budget when things go wrong.
A 300% deposit bonus will give you up to $5000 extra funding to secure margins.
Get a cashback in real money up to $20 per lot weekly.
With stop-out insurance (for MT4 accounts) you'll get 50% back in case of losses!


No need to lose money on conversion, open an account in a currency that suits you and use the functionality to the maximum.

Customize your trading - your choice, your profit!

TRADING SIGNALS: OCTOBER INFLATION IN THE US

Dear clients,

A closely watched US inflation report may help solve one of the most pressing questions among traders: whether the market has correctly identified the short-term trajectory of interest rates.

What to expect this month, let's learn from our expert:

The University of Michigan reported an increase in inflation expectations of the population, which does not allow us to count on a rapid decline in inflation. This situation is positive for the dollar, as the US Federal Reserve will think about raising interest rates at the December meeting. On Tuesday it is preferable to open Sell GBPUSD, #NQ100, XAUUSD positions.

Any economic events can be monitored directly with the MT5 terminal. Date and time, priority, forecasts and actual values: all the necessary data in one place and in front of your eyes!

WEEKLY OUTLOOK: GOLD, SILVER, NATURAL GAS

Dear clients,

Natural gas is volatile in a way more than one, as winter is approaching. Meanwhile, gold and silver, well, they never truly left. This time, we'll be looking at these 3 instruments, their positions and movements.

Join us on November 15 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.

HOW TO TRADE CHART PATTERNS IN THE FOREX MARKET

Dear Traders,

What are the 5 most important chart patterns to focus on in the Forex market?

We invite everyone to explore this topic no matter your level of experience.

Join us on November 22 at 12:00 GMT for a weekly webinar.

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.

INCOME UP TO 123% WITH U.S. TECH GIANTS

Dear Investors,

Shares of the largest U.S. companies are once again rising, highlighting the undeniable power of the American economy.

The triumph belongs to the automaker Tesla, with a 123% increase in share value since the beginning of the year. Founded by Elon Musk, the company is a leader in electric cars and autopilot technologies. The growing demand for electric vehicles and the potential for the development of autonomous vehicles contribute to the increasing interest of investors in this company.

Apple's shares are once again heading towards the $200 per share mark. Over 11 months, there has been a growth of 52%. Under the leadership of the brilliant Tim Cook, the company has once again proven its unparalleled strength in the world of innovation with products such as the iPhone, iPad, and Mac.

Internet giant Amazon, created by Jeff Bezos and becoming one of the most capitalized companies in the world, continues its ascent - up 67% since the beginning of the year. The company continues its expansion, acquiring new customers and launching impressive innovations in online commerce and cloud technology services.

Shares of the technology giant Microsoft are irresistibly reaching new heights, providing investors with a 55% increase. Under the leadership of Satya Nadella, the corporation continues to amaze investors with its stability and innovative solutions, making its shares another bright candidate for successful investments.

The growing value of shares in Apple, Amazon, Tesla, and Microsoft makes investments even simpler and more attractive. So, what are you waiting for? Replenish your account, add 300% to your account for margin security, choose a stock, and trade with FreshForex!

Become a shareholder and earn!

Your Trusted Broker,

FreshForex