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
GBP/USD : Can sterling surge above 1.40?

GBP/USD : Can sterling surge above 1.40?

Information is not investment advice

2021_03_03_15_23_47_Template1_Autosaved_.pptx_AutoRecovered_PowerPoint.png

GBPUSDM30.png

2021_03_03_15_26_28_Template1_Autosaved_.pptx_AutoRecovered_PowerPoint.png

GBPJPYM30.png

Ichimoku Kinko Hyo

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

CHFJPYM30.png

Fibonacci Levels

 XAU/USD: Gold facing a further weakness the last hours and trading near a full retracement area. Gold continues to flirt with session lows and disappoints once more many buyers.

XAUUSDH4.png

US Market View

U.S. stocks are seen opening higher Wednesday, amid growing optimism that the country’s increase in vaccination program will lead a prompt and strong economic recovery. President Biden announced late Tuesday that the U.S. will have sufficient Covid-19 vaccines to vaccinate every adult by the end of May, two months ahead of schedule. This comes with President Joe Biden’s $1.9 trillion Covid relief bill now in the Senate, after having passed through the House of Representatives.

All eyes in USA remain in inflation numbers. The key supporting factors to US inflation in 2021 include the higher growth of personal consumption, capital spending, housing, and inventory builds of which these sectors had been the main contributors to the US’ recovery process last year. The US savings rate is expected to normalize as US consumers resume their social and travel activities and increase spending. If the consumer spending surge is formidable, then so will be the inflation risk.

UK Chancellor of the Exchequer Rishi Sunak is set to extend the government's successful furlough scheme through September, in a step that would boost the British economy. However, corporation tax rises remain a mystery. So far, GBP/USD has been able to advance thanks to some calm in markets.

Gold has sold off to the 55-month moving average at $1706 and currently we cannot rule out further slippage towards the $1650.

USA Key Point

  • UK's Sunak expects economy to return to pre-COVID levels in the middle of next year.
  • Dollar steady, yields higher.
  • Dollar creeps a little higher ahead of North American trading.
  • Bundesbank's Weidmann supports that German economy strong enough to cope with longer lockdowns.
  • ECB reportedly said to see no need for drastic action to combat rising bond yields.
  • Japanese government set to extend Tokyo state of emergency until 21 March.
  • Germany February final services PMI comes at 45.7 vs 45.9 expected.
  • Tokyo Olympics reportedly plans to not allow overseas spectators.
  • UK finance minister Sunak to announce the budget later today.
  • XAU/USD flirts with session lows.
  • USD/JPY hits 107.00 mark for the first time since August 2020.
  • AUD/USD eases from daily tops, holds above 0.7800 ahead of US data.

Similar

Popular

Coca-Cola: time for new all-time highs?

Coca-Cola reports its quarterly earnings for the first quarter of 2021 on April 19, 12:30 MT time. What will be the possible impact on the stock price?

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