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
EURUSD moved sharply lower after the ECB meeting

EURUSD moved sharply lower after the ECB meeting

Information is not investment advice

USDCHF.png

USDCHFM30.png

EURAUD.png

EURAUDM30.png

Ichimoku Kinko Hyo

CHF/JPY: The CHF/JPY pair is now trading into fresh highs. Further bullish sentiment will lead the exchange rate into higher ground. On the other hand, a correction course will push the market below the Tenkan sen level, targeting the Kijun sen level.

CHFJPYM30.png

Market View

The Bank of Russia looks like is ready to continue to cut its key interest rate following the cut to 17% on April 8th, despite inflation that accelerates. Central Bank Governor Elvira Nabiullina hinted at this on Monday.

In the equity front, US stocks were without direction on Monday and the sector performance quite even, but with a slight preference for growth cyclicals. Reflation winners, as materials and energy, continued to outperform. Dow Jones closed marginally lower -0.1%, S&P500 was unchanged and NASDAQ also -0.1%.

In the FX space EURUSD moved sharply lower after the ECB meeting and is now trading below 1.08. EURGBP declined below 0.83. Oil has risen from USD104/bbl. to now USD113/bbl.

In Japan, FinMin Suzuki repeated Bank of Japan governor Kuroda's worry about sharp yen moves this morning as a perfect storm of increasing global yields and high energy prices is weighing heavily on the yen. USDJPY hit a 20-year low this morning.

Similar

Popular

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

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