InvestMacro

By Orbex

Overall, there is a correlation between the stock market and currency markets. Usually, when a country’s stock market increases, its currency decreases, and vice versa.

But we are in extraordinary times. And there are some worrying signs in the stock markets that could signal significant problems in the future.

Where things stand

Stock markets had initially been trading higher since the start of the year, as there was more optimism about entering a post-covid normalization of economic activity.

However, the risk associated with the Russian invasion of Ukraine led to significant drops in equity markets. The FTSE 100 lost all of its gains this year and dropped below the psychologically important 7,000 level. The DAX so far has lost 22% since its most recent high, officially entering a bear market.

Meanwhile, there has been a flight to safety. In fact, this has helped support safe haven currencies.

Usually, investors snap up treasuries as a store of value during difficult times. And normally this would drive down yields. High-risk situations would typically lead to expectations that central banks would start easing.

The situation is very different

The response to a war is not a common economic situation. That said, governments have been putting sanctions not just on Russian assets, but on people doing business with the largest fossil fuel exporter in the world.

Appetite for treasuries has been less robust than analysts’ expectations. In part, that could be due to the potential deterioration of value from high inflation and low interest rates.

Meanwhile, because of high inflation, central banks will probably not ease. In fact, despite a flight to safety, central banks could continue raising rates to fight off inflation. That implies that liquidity is squeezed at both ends. Low liquidity typically translates into higher swings in the markets. And the potential for stock markets to accelerate to the downside.

The lack of disposable income

The situation could be especially acute in Europe, which relies on imports of increasingly more expensive fuel.

Just this morning, French official Le Maire along with Engie’s CEO were discussing the real possibility that gas imports from Russia could be shut off.

If the war in Ukraine were to be protracted, this could substantially hurt supplies of grain and food for Europe. Moreover, it would force the continent to find more expensive alternatives. Not to mention a resurgence of social discontent throughout the Middle East, which also relies on grain exports from Russia and Ukraine.

People and businesses alike are looking to build inventories to offset the expected increasing costs in the future. This means that there is less disposable income to take on risk, such as stock markets, or dabble in the financial markets.

Retail traders have been instrumental in supporting Forex in the last two years. And they are notoriously skittish.

A withdrawal of liquidity from the markets is typically one of the signs of an impending recession. Although a recession provides ample opportunities for forex traders, market dynamics typically change. Strategies that have been very effective up until this moment might not perform as well, as markets shift their trend.

Article by Orbex

Orbex is a fully licensed broker that was established in 2011. Founded with a mission to serve its traders responsibly and provides traders with access to the world’s largest and most liquid financial markets. www.orbex.com

Article By RoboForex.com

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD has formed a Shooting Star pattern not far from the resistance level. At the moment, the asset is reversing in the form a new descending impulse. In this case, the downside correctional target may be the support area at 1955.50. At the same time, an opposite scenario implies that the price may grow to reach 2010.00 and continue the ascending tendency without any corrections.

NZDUSD, “New Zealand vs US Dollar”

As we can see in the H4 chart, NZDUSD has formed a Hanging Man reversal pattern close to the resistance area. At the moment, the asset is reversing and may form a new correctional impulse towards the support level. In this case, the downside target is at 0.6855. After that, the asset may rebound from this level and resume moving upwards. However, an alternative scenario implies that the price may grow to reach 0.6975 without any corrections.

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD has formed a Harami reversal pattern near the support area. At the moment, the pair is reversing in the form of a new ascending impulse. In this case, the upside target may be at 1.3300. After testing the resistance level, the market may rebound from it and resume trading downwards. Still, there might be an alternative scenario, according to which the asset may fall to reach 1.3105 and continue the downtrend without any corrections.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

by JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.1064
• Prev Close: 1.0926
• % chg. over the last day: -1.01%

The 4% plunge of the euro over the past two weeks and the sharp drop in European indices last week showed how much the European economy depends on Russian energy, and this is not the case when this dependence can be quickly changed or replaced. For now, analysts see a bleak outlook for European economic performance.

Trading recommendations

• Support levels: 1.0823, 1.0633
• Resistance levels: 1.0921, 1.1001, 1.1061, 1.1213

From the technical point of view, the trend on the EUR/USD currency pair on the hourly time frame is bearish. The MACD indicator is in the negative area, but there are signs of divergence towards purchases on several timeframes. The price has reached the support level of the higher time frame. Under such market conditions, it is best to look for sell trades on intraday time frames from the resistance level of 1.10921. Buy trades should be considered from the support level of 1.0823, but only after additional confirmation in the form of a buyers’ initiative.

Alternative scenario: if the price breaks out through the 1.1061 resistance level and fixes above, the mid-term uptrend will likely resume.

News feed for 2022.03.07:

• – German Retail Sales (m/m) at 09:00 (GMT+2).

The GBP/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.3346
• Prev Close: 1.3231
• % chg. over the last day: -0.87%

The war in Ukraine and harsh Western sanctions on Russia have caused Russian assets to fall and Russian export commodities such as precious metals, oil, and gas to spike. The global economy is already struggling with inflationary pressures. This is a negative factor for European countries. The UK economy is not so dependent on Russian energy. Nevertheless, Europe’s declining economic performance negatively affects the British currency as investors buy US dollars as a defensive asset.

Trading recommendations

• Support levels: 1.3175, 1.3091
• Resistance levels: 1.3274, 1.3315, 1.3418

On the hourly time frame, the trend on the GBP/USD currency pair is bearish. Volatility is high, sellers’ pressure is still there, but the MACD indicator shows a divergence towards long deals. Under such market conditions, buy trades should be considered from the support level of 1.3175, but it is better with confirmation. The resistance level of 1.3274 is good for sell deals, but only with additional confirmation in the form of the sellers’ initiative.

Alternative scenario: if the price breaks out through the 1.3418 resistance level and fixes above, the mid-term uptrend will likely resume.

There is no news feed for today.

The USD/JPY currency pair

Technical indicators of the currency pair:

• Prev Open: 115.45
• Prev Close: 114.82
• % chg. over the last day: -0.54%

The Japanese yen and the US dollar are safe-haven currencies. Since there are currently no prospects for ending the war in Ukraine, investors are buying the yen as a protective asset against inflationary risks. It should be noted that the policy of the central bank of Japan is now aimed at making the JPY cheaper (USD/JPY growth), so as soon as there are signs of a de-escalation of the conflict, the JPY will not get stronger.

Trading recommendations

• Support levels: 114.71, 114.41
• Resistance levels: 115.25, 115.69, 116.32

The medium-term trend on the USD/JPY currency pair is bullish, but the structure is flatter, as the price has no single dynamics and the price is trading in a wide corridor. The MACD indicator has become negative. Under such market conditions, it is best to look for buy deals on the lower time frames from the support level of 114.71, but with additional confirmation. For sell deals, traders should consider the resistance level of 115.25, but it is better to wait for the reaction of sellers.

Alternative scenario: if the price fixes below 114.71, the uptrend will likely be broken.

There is no news feed for today.

The USD/CAD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.2672
• Prev Close: 1.2727
• % chg. over the last day: -0.43%

The Canadian dollar is a commodity currency, so it is highly dependent not only on the monetary policy of the Bank of Canada but also on the dynamics of oil prices and the dollar index. The fundamental picture now is that both the dollar index and oil prices will grow. Investors are buying the dollar index as a defensive asset during the war. This month, the Fed will tighten monetary policy, providing additional support to the US currency. Oil prices could rise even higher as investors continue to hold on to oil contracts fearing supply disruptions from Russia, delays in negotiations with Iran, and a potential return of Iranian oil to world markets.

Trading recommendations

• Support levels: 1.2653, 1.2555, 1.2517
• Resistance levels: 1.2797, 1.2820, 1.2877

From the technical point of view, the USD/CAD currency pair trend has changed to bullish. The price consolidated above the moving averages and broke through an important resistance level. The MACD indicator has become inactive. It is worth trading only with short targets because both oil and the dollar index are inclined to grow now. Under such market conditions, it is better to look for buy deals on the lower time frames from the support level of 1.2653, but it is better with additional confirmation. For sell deals, it is better to consider the resistance level of 1.2797.

Alternative scenario: if the price breaks through and consolidates below 1.2653, the downtrend will likely resume.

There is no news feed for today.

by JustForex

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

By Orbex

USDCHF struggles for support

The US dollar softens as the Fed may settle for a less aggressive rate hike agenda. The recent sideways action is a sign of the market’s indecision.

Sellers’ previous attempts to push below 0.9150 have met some buying interest in this demand zone. A definitive breakout may send the pair to January’s lows around 0.9100. Then the path of least resistance could be down, ending a three-month-long consolidation.

0.9230 is the immediate resistance and 0.9290 is a major hurdle before the greenback could bounce back.

XAUUSD breaks higher

Gold rallies as investors’ flight to safety continues. The bulls have tempered their aggressiveness after the initial surge.

The latest pullback has been an opportunity to accumulate against a bullish backdrop. Price action continues to climb along the rising trendline which suggests that the direction is still up.

A break above the psychological level of 2000 would bring in more momentum traders. In fact, that would send the price to August 2020’s high at 2075. Between the trendline and 1930 there is a key demand zone.

GER 40 drops to a fresh low

The Dax 40 plunges for fears of stagflation in the eurozone. The index has ventured further into the bearish territory after it broke below March 2021’s lows around 14000.

The liquidation is yet to end as sentiment remains downbeat. A break below the psychological level of 13000 would trigger a new round of sell-off to 12000.

The RSI’s oversold situation from both daily and hourly charts may cause a limited bounce if short-term traders take profit. 13500 is the first resistance ahead and could attract more trend followers.

Article by Orbex

Orbex is a fully licensed broker that was established in 2011. Founded with a mission to serve its traders responsibly and provides traders with access to the world’s largest and most liquid financial markets. www.orbex.com

By Orbex

The current structure of the USDCAD indicates the formation of a bullish zigzag Ⓩ. This consists of sub-waves (W)-(X)-(Y) and it’s a double zigzag. Wave Ⓩ is part of the global cycle correction b.

It seems that the intermediate sub-waves (W) and (X) have ended. Thus, in the near future, the pair could start moving towards the 1.296 level within the final wave (Y).

The target is determined using the Fibonacci extension tool. At the specified level, wave Ⓩ will be at 76.4% of actionary wave Ⓨ.

Alternatively, the development of the primary bearish intervening wave Ⓧ is not complete yet. These sub-waves all together make up a bearish double zigzag.

It is possible that (W) and (X) have ended, whilst wave (Y) is still under construction. Specifically, as part of the wave (Y), the minor sub-waves W and X were complete. Thus, in the near future, this could lower the actionary wave Y to the 1.245 area.

The goal is determined by the previous minimum, which was formed by the wave (W). An approximate scheme of possible future movement is shown on the chart.

Have you downloaded our MT4? Get it here.

Article by Orbex

Orbex is a fully licensed broker that was established in 2011. Founded with a mission to serve its traders responsibly and provides traders with access to the world’s largest and most liquid financial markets. www.orbex.com

By Orbex

USDJPY tests supply area

The Japanese yen stalled after an increase in January’s unemployment rate.

The pair’s rally above the supply zone around 115.80 has put the US dollar back on track. The general direction remains up despite its choppiness. 114.40 has proved to be solid support and kept the bulls in the game.

A close above 115.80 would extend the rally to the double top (116.30), a major resistance on the daily chart. Meanwhile, an overbought RSI caused a limited pullback, with 115.10 as fresh support.

NZDUSD breaks resistance

The New Zealand dollar recovers amid commodity price rallies.

After the pair found support near last September’s lows (0.6530), a bullish MA cross on the daily chart suggests that sentiment could be turning around. A bullish breakout above the recent high (0.6810) would further boost buyers’ confidence and lift offers to January’s high at 0.6890.

On the downside, 0.6730 is the first support if buyers struggle to gather more interest. 0.6675 would be a second layer to keep the current rebound intact.

UK 100 lacks support

The FTSE 100 slipped after the second round of talks between Russia and Ukraine ended without much result.

The index met stiff selling pressure at 7560 then fell below the critical floor at 7170. Increasingly bearish sentiment triggered a new round of sell-off to the psychological level of 7000 from last November.

A deeper correction would lead to a retest of 6850, dampening the market mood in the medium-term. On the upside, the bulls must clear 7300 and 7450 to reclaim control of the direction.

Article by Orbex

Orbex is a fully licensed broker that was established in 2011. Founded with a mission to serve its traders responsibly and provides traders with access to the world’s largest and most liquid financial markets. www.orbex.com

Article By RoboForex.com

XAGUSD, “Silver vs US Dollar”

XAGUSD is trading at 25.10; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 24.65 and then resume moving upwards to reach 26.95. Another signal in favour of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 24.05. In this case, the pair may continue falling towards 23.15. To confirm further growth, the asset must break the resistance level and fix above 25.85.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7346; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7285 and then resume moving upwards to reach 0.7485. Another signal in favour of a further uptrend will be a rebound from the support level. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.7135. In this case, the pair may continue falling towards 0.7045. To confirm further growth, the asset must break the rising channel’s upside border and fix above 0.7385.

EURGBP, “Euro vs Great Britain Pound”

EURGBP is trading at 0.8261; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.8305 and then resume moving downwards to reach 0.8155. Another signal in favour of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 0.8395. In this case, the pair may continue growing towards 0.8485. To confirm further decline, the asset must break the descending channel’s downside border and fix below 0.8235.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

by JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.1115
• Prev Close: 1.1065
• % chg. over the last day: -0.45%

The euro had its worst week against the dollar in nine months as the war in Ukraine, and the prospect of continued high commodity prices continue to dampen economic growth expectations in Europe. Analysts believe that all sanctions that are directly or indirectly imposed on Russia will also affect European countries.

Trading recommendations

• Support levels: 1.1032
• Resistance levels: 1.1213, 1.1273, 1.1392, 1.1459

From the technical point of view, the trend on the EUR/USD currency pair on the hourly time frame is bearish. The MACD indicator is in the negative area, but there are signs of divergence to the buying side. There is a narrowing of liquidity. Under such market conditions, it is best to look for sell trades on intraday time frames from the resistance level of 1.1213. Buy trades should be considered from the support level of 1.1032, but only after an additional confirmation in the form of a buyers’ initiative.

Alternative scenario: if the price breaks out through the 1.1213 resistance level and fixes above, the mid-term uptrend will likely resume.

News feed for 2022.03.04:

• – Eurozone Retail Sales (m/m) at 12:00 (GMT+2);
• – US Nonfarm Payrolls (m/m) at 15:30 (GMT+2);
• – US Unemployment Rate (m/m) at 15:30 (GMT+2).

The GBP/USD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.3401
• Prev Close: 1.3348
• % chg. over the last day: -0.40%

The British pound looks more stable than the euro. The UK economy is not so strongly connected with the Russian economy, so sanctions against the aggressor country will not harm the economic development of the UK.

Trading recommendations

• Support levels: 1.3315, 1.3382, 1.3274, 1.3220
• Resistance levels: 1.3442, 1.3486, 1.3529, 1.3560

On the hourly time frame, the GBP/USD currency pair trend is bearish. Volatility remains high, and the price is trading in a wide corridor. Under such market conditions, buy trades should be considered from the support level of 1.3315, but it is better with confirmation. The resistance level of 1.3442 is good for sell deals, but only with additional confirmation in the form of sellers’ initiative.

Alternative scenario: if the price breaks out through the 1.3442 resistance level and fixes above, the mid-term uptrend will likely resume.

News feed for 2022.03.04:

• – UK Construction PMI (m/m) at 11:30 (GMT+2).

The USD/JPY currency pair

Technical indicators of the currency pair:

• Prev Open: 115.52
• Prev Close: 115.46
• % chg. over the last day: -0.05%

Prime Minister Kishida wants the new BOJ governor to work to end deflation. Markets are anticipating a change in leadership at the Bank of Japan (BOJ), anticipating possible changes in its massive asset purchases and yield curve controls, which have failed to raise inflation to its 2% target and have drawn criticism for hurting financial institutions’ profits. At the moment, the Bank of Japan is actively stimulating the economy with money, as the US Federal Reserve did last year.

Trading recommendations

• Support levels: 114.86, 114.78, 114.41
• Resistance levels: 115.69, 115.87, 116.32

The medium-term trend on the USD/JPY currency pair is bullish, but the structure is flatter, as the price has no single dynamics. The MACD indicator has become negative. Under such market conditions, it is best to look for buy deals on the lower time frames from the support level of 114.86, but with additional confirmation. For sell deals, a resistance level of 115.69 may be considered, but it is better to wait for the reaction of sellers.

Alternative scenario: if the price fixes below 114.86, the uptrend will likely be broken.

There is no news feed for today.

The USD/CAD currency pair

Technical indicators of the currency pair:

• Prev Open: 1.2629
• Prev Close: 1.2679
• % chg. over the last day: +0.39%

On Wednesday, the Bank of Canada raised its benchmark interest rate to 0.5%, the first in a series of small rate hikes this year to fight inflation that has reached its highest level in decades. Large foreign buyers are boycotting Russian oil because of the situation around Ukraine, trying to find alternative sources of supply, which is likely to push oil prices further. Disruptions to Russian oil exports due to Western sanctions outweigh the prospect of increased supplies from Iran due to a possible nuclear deal. However, if sanctions on Iran are lifted, oil prices may correct significantly.

Trading recommendations

• Support levels: 1.2653, 1.2555, 1.2517
• Resistance levels: 1.2723 1.2797

From the point of view of technical analysis, the USD/CAD currency pair trend is bearish. The MACD indicator has become positive, and the local downtrend line has been broken. Trade only with short targets because both oil and the dollar index are now inclined to grow. Under such market conditions, it is better to look for buy trades on the lower time frames from the support level of 1.2653, but it is better with additional confirmation. For sell deals, it is better to consider the resistance level of 1.2723.

Alternative scenario: if the price breaks through and consolidates above 1.2723, the downtrend will likely be broken.

News feed for 2022.03.04:

• – Canada Unemployment Rate (m/m) at 15:30 (GMT+2);
• – Canada Ivey PMI (m/m) at 17:00 (GMT+2).

by JustForex

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

by JustForex

Wall Street closed in the red due to continued uncertainty surrounding the war in Ukraine. Russian terrorists are simply bombing Ukrainian cities and shooting civilians (in Kharkiv, Chernihiv, Sumy, Kyiv, and many smaller towns like Borodyanka). The number of civilian casualties is growing rapidly. Ukraine asks NATO countries to close the sky over Ukraine, but NATO refuses because it will directly interfere with the alliance in the war with Russia. As the stock market closed, the Dow Jones Index (US30) decreased by 0.29%, the S&P 500 Index (US500) lost 0.53%, and the NASDAQ Technology Index (US100) fell by 1.54%.

The US Financial Institutions Regulatory Authority (FINRA) has frozen over-the-counter trading in shares of several Russian companies listed in the United States.

Ukraine’s Zaporizhzhia nuclear power plant, the largest of its kind in Europe, caught fire on Friday morning after being attacked by Russian forces. Russian troops continued to surround and attack Ukrainian cities.

Mariupol, the main port on the Sea of Azov, was surrounded and heavily bombarded. Water and electricity have been cut off, and officials say they cannot evacuate the wounded. A video posted to Twitter from Mariupol and confirmed by Reuters shows parked cars on fire and continuous gunfire echoing in nearby apartment buildings.

Russian terrorists have captured the city of Kherson in southern Ukraine. Russian propaganda began to be broadcast on TV channels, and a crowd gathered the city to film footage of Kherson “joyfully” welcoming the Russian army. The same thing happened at the time in Donetsk and Luhansk. This is a tactic of Russian terrorists.

European stocks continue to decline amid fears about the consequences of sanctions against Russia. The German DAX (DE30) decreased by 2.16%, the French CAC 40 (FR40) lost 1.84%, the Spanish IBEX 35 (ES35) fell by 3.72%, and the British FTSE 100 (UK100) lost 2.57%. According to analysts, the rise in commodity prices after Russia’s attack on Ukraine, especially oil and natural gas, has reached such proportions that a further depreciation of the euro could drive inflation out of control in Europe. However, the ECB has been reluctant to respond to the situation so far, and it’s likely that the ECB’s monetary policy will not change until the second half of 2022. The impact of rising energy and gas prices could undermine the recovery in industrial and private consumption that was expected after the easing of COVID-19 restrictions and is likely to slow the normalization of European Central Bank policy.

Meanwhile, the London Stock Exchange (LSE) stopped trading in Russian companies’ depositary receipts, including Sberbank, Gazprom, Lukoil, EN+, and Polyus. The Bank of Russia decided not to resume trading on the Moscow Exchange today (for the fifth day in a row). At the same time, the Moscow Exchange imposed a ban on short sales on the euro in the foreign exchange and stock markets. Russian authorities have banned Russian brokers from selling securities owned by foreigners. Investors are trying to get out of Russian investments, but this is complicated by the suspension of trading and Moscow’s ban on the sale of foreign assets.

Asian markets are down today from the opening session. Japan’s Nikkei 225 (JP225) lost 2.23%, Hong Kong’s Hang Seng (HK50) decreased by 2.50%, Australia’s S&P/ASX 200 (AU200) lost 0.57%. Japan’s Nikkei index on Friday posted its biggest drop in almost two weeks amid an escalating situation in Ukraine. Japan’s unemployment rate increased to 2.8% in January 2022 from 2.7% a month earlier.

China’s pursuit of “shared prosperity” in the short term will focus on narrowing the growing wealth gap and shaping the country’s approach to regulating with sectors deemed critical to the economy. Analysts expect the move to see the real estate sector receive more support from regulators, which accounts for a quarter of the economy. At the same time, Internet firms and technology companies will be targeted for repression due to the misallocation of capital.

Main market quotes:

S&P 500 (F) (US500) 4,363.49 -23.05 (-0.53%)

Dow Jones (US30) 33,794.66 -96.69 (-0.29%)

DAX (DE40) 13,698.40 -301.71 (-2.16%)

FTSE 100 (UK100) 7,238.85 -190.71 (-2.57%)

USD Index 97.74 +0.35 (+0.36%)

• – Japan Unemployment Rate (m/m) at 01:30 (GMT+2);
• – UK Construction PMI (m/m) at 11:30 (GMT+2);
• – Eurozone Retail Sales (m/m) at 12:00 (GMT+2);
• – US Nonfarm Payrolls (m/m) at 15:30 (GMT+2);
• – US Unemployment Rate (m/m) at 15:30 (GMT+2);
• – Canada Unemployment Rate (m/m) at 15:30 (GMT+2);
• – Canada Ivey PMI (m/m) at 17:00 (GMT+2).

by JustForex

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.