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.

Follow us on Facebook

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

FREE - In Google Play

View
Trading
Analytics & Education
About Us
Connect to live chat
Dollar keeps steadier so far before Powell's speech

Dollar keeps steadier so far before Powell's speech

Information is not investment advice

2021_03_04_14_48_33_Template1_Autosaved_.pptx_AutoRecovered_PowerPoint.png

EURUSDM30.png

2021_03_04_14_51_32_Template1_Autosaved_.pptx_AutoRecovered_PowerPoint.png

USDJPYM30.png

Ichimoku Kinko Hyo

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

AUDJPYM30.png

Fibonacci Levels

 XAU/USD: Gold facing a further weakness the last hours and trading near a full retracement area. Gold weakness shows momentum and duration.

XAUUSDH4.png

US Market View

U.S. stocks are seen weakening at the open Thursday, continuing the previous session’s sell-off ahead of a key speech from Federal Reserve Chairman Powell. This will be the last chance to hear from the Fed before it enters the two-week blackout period this weekend ahead of the March 17th FOMC meeting. Worries about lofty U.S. bond yields hit global shares on Thursday as investors waited to see if Federal Reserve Chair Jerome Powell would address concerns about a rapid rise in long-term borrowing costs.

Wednesday saw the release of an unexpectedly weak private payroll report, bringing the weekly jobless claims figure into focus later Thursday, ahead of Friday’s closely watched NFP report. Oil prices were largely unchanged Thursday, with traders waiting for news from a meeting of top producers over output levels going forward, particularly given Saudi Arabia’s surprise announcement in January of a unilateral cut of an additional one million barrels per day.

USA Key Point

  • UK and US agree to four-month suspension of tariffs in Boeing-Airbus dispute.
  • Risk back on the defensive again as the market continues to wait on Powell.
  • Eurozone January retail sales comes at -5.9% vs -1.4% m/m than expected.
  • Eurozone January unemployment rate comes at 8.1% vs 8.3% than expected.
  • Silver falls to fresh five-week low as precious metals stay pressured.
  • ECB's Knot supports that discussion starting point is that rise in rates reflect better growth, inflation prospects.
  • Germany February construction PMI comes at 41.0 vs 46.6 than expected.
  • US' Fauci supports that it is reasonable to see some return to normal by autumn.
  • NZD/USD posts modest losses below 0.7250 as markets await Powell.
federal reserve forex exchange usd

Similar

Popular

Share with friends:

Choose your payment system

Visa
Mastercard
Maestro
Wire Transfer
Skrill
RAPID Transfer
NETELLER
Learn more

Callback

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