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

FREE

View
Dollar steady in quiet start

Dollar steady in quiet start

Information is not investment advice

2021_06_28_15_47_23_sos_PowerPoint.png

USDJPYM30.png

2021_06_28_15_50_51_sos_PowerPoint.png

USDCADM30.png

XAU/USD: Gold facing a further consolidation on 61.8% retracement area. The battle between bulls and bears keep going.

XAUUSDDaily.png

Ichimoku Kinko Hyo

EUR/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.

EURJPYM30.png

US Market View

U.S. stocks are seen opening largely unchanged Monday, remaining near record levels as investors digest a potential new infrastructure deal. Global shares began the week with a cautious start on Monday as Asian and European markets fell after a spike in coronavirus cases across Asia over the weekend hurt investor sentiment while oil hovered around 2-1/2 year highs.

MSCI's All Country World Index, which tracks shares across 49 countries, was down 0.1% by midday trade in London. U.S. stock futures traded positive, indicating gains at the open on Wall Street later in the day.

French President Emmanuel Macron received a bloody nose in Sunday’s regional elections, with his centrist party estimated to have won only around 10% of the votes. However, yields on French bonds fell due to the failure of Marine Le Pen’s far-right National Rally to take advantage. She ran against Macron in the presidential election of 2017, when advocating taking France out of the European Union. 

The European Central Bank could end its emergency stimulus scheme next March and markets may be right in not pricing in an increase in more traditional bond purchases, Austrian central bank chief Robert Holzmann said on Monday. With the pandemic now receding, analysts, including the ECB's own Survey of Monetary Analysts, expect the 1.85 trillion euro Pandemic Emergency Purchase Scheme to end next March and see no increase in volumes under the Asset Purchase Programme (APP) to compensate for the lost stimulus.

The race is on to save the European holiday season, as the highly contagious delta strain of the Covid-19 virus threatens to result in more travel restrictions just as the summer starts. The number of delta variant Covid cases in the U.K. climbed to over 35,000 last week, a 46% increase from the previous week, the reason why the U.K. government chose to delay the country’s complete reopening for a month.  An EU summit failed at the end of last week to agree a common line on quarantine requirements for travelers from the U.K., with countries who are dependent on tourism income resisting pressure from Germany's Angela Merkel for an EU-wide quarantine requirement on British arrivals.

 

USA Key Point

  • ECB's Holzmann: PEPP will end when virus emergency is over.
  • SNB's Maechler: Negative rates and FX interventions needed to to relieve pressure on franc.
  • ECB's Holzmann: We don't know yet what price path will bring.

Similar

Popular

Choose your payment system

Be on top of your game

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