Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Join the Facebook community of FBS!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Email tooltip

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area


 Dollar holds high ground against most currencies ahead of FOMC minutes

Dollar holds high ground against most currencies ahead of FOMC minutes

Information is not investment advice





Ichimoku Kinko Hyo

CHN/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.


Fibonacci Levels

 XAG/USD: Silver continuous to stand above 50% retracement area. Bullish pressure is growing today.


EU Market View

European stock markets are seen opening marginally higher Wednesday, after the previous session’s sharp selloff, but investors remain cautious about the strength of the global recovery, the threat of the delta Covid variant and the potential for central bank tightening. However, this enthusiasm is showing signs of waning. All three major European indices dropped by around 1% on Tuesday, not helped by German ZEW conomic sentiment falling by much more than expected. Also, the broad-based S&P500 broke a seven-day winning streak on Wall Street after the ISM non manufacturing, a key gauge of service-sector activity, fell more than expected, raising worries that the U.S. economy may be approaching a peak.

Also causing concern is the ongoing spread of the delta variant of the Covid-19 virus. A study published over the weekend in Israel, one of the most vaccinated countries in the world, showed a decrease in the effectiveness of the Pfizer/BioNTech vaccine in preventing infections and symptomatic illness, suggesting it is less effective against the latest dominant strain of the virus.

 Oil was mixed Wednesday morning in Asia, but remained above the $73 mark, as a production dispute between Saudi Arabia and United Arabic Emirates keeps going. The dispute has stalled efforts by the Organization of the Petroleum Exporting Countries and allies (OPEC+) to raise production as the fuel demand outlook brightens.

 Gold was up on Wednesday morning in Asia after hitting a three-week high during the previous session. A weakening US dollar also gave the yellow metal a boost as investors await the FOMC minutes. The dollar, which usually moves inversely to gold, inched down on Wednesday but remained near the three-month high hit during the previous week. Benchmark 10-year U.S. Treasury yields also fell to their lowest level in more than four months. The minutes from the Fed’s June 2021 meeting, due to be released later in the day, are expected to provide some clues to the Fed's monetary policy. They could also shed some light on the Fed’s surprise hawkish turn in the policy decision handed down after that meeting.


EU Key Point

  • France May trade balance -€6.80 billion vs -€6.24 billion prior.
  • Germany May industrial production -0.3% vs +0.5% m/m expected.
  • Japan May preliminary leading indicator index 102.6 vs 103.8 prior.
  • The bond market paradox is a key focus ahead of the Fed minutes today.
  • The yield differential between Chinese and US bonds has widened to a 4 month high.



Can a recession be avoided? 

The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession. 

Choose your payment system

Be on top of your game


Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later