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
EUR/USD :  falls to fresh four-month lows as the dollar leads

EUR/USD : falls to fresh four-month lows as the dollar leads

Information is not investment advice

2021_03_24_15_20_28_Template1_Autosaved_.pptx_AutoRecovered_PowerPoint.png

EURUSDM30.png

2021_03_24_15_28_19_Template1_Autosaved_.pptx_AutoRecovered_PowerPoint.png

EURJPYM30.png

Ichimoku Kinko Hyo

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

NZDJPYM30.png

Fibonacci Levels

 XAU/USD: Gold the last hours gains some strength and send the price above the key retracement area of 23.6%.

XAUUSDH4.png

US Market View

U.S. stocks are seen opening higher Wednesday, with the tech sector leading the way ahead of more testimony from Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen to Congress. Powell and Yellen will continue their testimony to the U.S. House Committee on Financial Services later Wednesday, after starting their two days of congressional hearings on Tuesday. Higher yields have pressured the tech sector, as these stocks have seen significant gains over the last year or so on the back of hefty borrowing in order to try and generate long-term growth.

Chancellor Angela Merkel ditched a plan agreed on Tuesday for an extended Easter holiday to try to break a third wave of the coronavirus pandemic, apologizing to lockdown-weary Germans after the hastily conceived plan triggered a backlash. "The idea of an Easter shutdown was drafted with the best of intentions. We urgently need to stop and reverse the third wave of the pandemic," she said. "This mistake is mine alone," she said. Her comments came against a backdrop of growing public frustration with the conservative-led government over the slow rollout of COVID-19 vaccines and extended lockdown measures.

The European Union should not be the "useful idiot" of the COVID-19 pandemic by exporting vaccines while other countries keep supplies for themselves, a French official said on Wednesday, backing plans for tougher rules on vaccine exports. The European Commission will extend EU powers to potentially block COVID-19 vaccine exports to Britain and other areas with much higher vaccination rates, and to cover instances of companies backloading contracted supplies, EU officials have said.

 

USA Key Point

  • EURUSD stays below 200-day MA. Traders will be focused on that level for clues.
  • Fed's Barkin: Economy positioned for robust year.
  • US February prelim durable goods orders -1.1% vs +0.5% expected.
  • The CAD is the strongest and the GBP is the weakest.
  • Germany reportedly to drop plan for five-day Easter holiday lockdown.
  • Fed's Bostic: I still think that 2023 is the time we're going to start to be in liftoff range.
  • RBA's Debelle: Unemployment rate is a lot lower than we had anticipated.
  • UK March preliminary services PMI 56.8 vs 51.0 expected.
  • Merkel reportedly to meet with German state leaders today to discuss lockdown measures.
  • BOJ purchases ¥70.1 billion worth of ETFs today.
  • Germany March preliminary manufacturing PMI 66.6 vs 60.5 than expected.
  • EUR/JPY Price Analysis: Next on the downside appears 127.80.
  • XAU/USD struggles for direction, stuck in a range around $1730 area.
  • USD/CHF consolidates gains around 0.9350 ahead of US data.

Similar

Popular

Choose your payment system

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