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


Europe is under pressure

Europe is under pressure

Information is not investment advice

Last week the European elections kept the euro traders very cautious. The risks that Eurosceptics would gain more votes than other parties weakened the European currency and the European stocks. Despite the prevalence of the pro-European parties, the situation did not become any brighter after the elections as a lot of factors put additional pressure on the Eurozone. As a result, the EUR retested the 1.1136 level on Wednesday and the DAX tested the levels below its April’s lows at 11,850.

What factors pull the EUR and the DAX down?

·        The clash between the Italian government and Brussels intensifies. After the victory of the deputy prime minister Matteo Salvini’s party, he announced that Italy must make the taxes lower. His shocking fiscal plans made the European Commission intervene in the Italian government's decisions. Yesterday, the European Commission wrote a letter to the Italian government where it announced that Italy would be charged with €4 billion penalties if it breaks the EU debt limit. According to today’s news, Mr. Salvini has told that he is ready to collapse the Italian government unless his tax measures are approved.

·        The uncertainties in trade tensions between the US and the EU keep circulating. This month the sides have made little progress in negotiations over auto tariffs. If the countries fail in the talks, both of the economies may suffer.

·        The slowdown in the manufacturing sector also weakens the currency and stocks. Last week, the flash manufacturing PMI of Germany – the biggest economy of the Eurozone - came out lower, than the expectations at 44.3 points. It weakened the euro and the stocks.

How the euro and the DAX react?

The EUR/USD pair has been testing the support at 1.1154. The next key level lies at 1.1048. If the euro is supported, bulls will try to push the pair higher to the resistance at 1.1212. The next resistance will be placed at 1.1253. Parabolic SAR shows the downward movement for the pair.

Now let’s consider the DAX index. The German stocks index jumped below the 11,867 level on Wednesday. At the moment of writing, it has been trying to recover. The first resistance is placed at 12,052. Strong bearish pressure may pull the index back below the support at 11,867. The next support is placed at 11,647.

What may help the assets to recover?

The ECB monetary policy statement followed by the press conference of Mr. Draghi on June 6 may bring positive momentum to the euro and the stocks. If the ECB president provides hawkish comments, it will bring excitement to the bulls.


How to Stay Calm and Trade on Uncertainties

Despite the negative news and worrying headlines, we recommend traders to make mental reframing of the situation. This way, you can look at the market from a different perspective. Let’s observe how you can take advantage of the uncertainties and make the fundamentals work for you!

US Interest Rate Slowdown?

The US Federal Reserve may refrain from more aggressive interest rate hikes in March due to geopolitical risks after Russia's special operation in Ukraine…

Bewitching predictions for 2022

Hello from the far 2022! FBS analysts have used some magic to travel to the future and brought you some hilarious predictions.


Walmart earnings outlook

Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?

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