Don’t waste your time – keep track of how NFP affects the US dollar!

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store

Get

Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

76.5% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

Trading
Analytics & Education
About Us
Connect to live chat
GBP/USD rallied towards 1.36

GBP/USD rallied towards 1.36

Information is not investment advice

GBPUSD.png

GBPUSDM30.png

EURCAD.png

EURCADM30.png

Ichimoku Kinko Hyo

EUR/JPY: The EUR/JPY pair is now testing the upper level of the Kumo. A higher thrust of the market will lead the exchange rate to exit the cloud with bullish implications. Alternatively, further drop of the rate will push the market deeper in the Kumo.

EURJPYM30.png

Market View

The sector rotation was very evident last week, with banks outperforming tech. Such sharp rotation has not been seen in a week since March 2021. Valuation has been the main theme, while the segregation between defensive and cyclicals has played a less crucial role. Energy stocks and banks gained 1.5%, while tech and consumer discretionary sold off 1-2%. Dow Jones closed unchanged, while S&P 500 was down -0.4% and NASDAQ -1%. Asian markets are trading slightly higher. US futures are also a bit higher as investors are buying the dip.

In the FX space, EUR/USD touched briefly the 1.135 level and GBP/USD rallied towards 1.36 as the dollar took a hit following mixed news on the US jobs market.  

Similar

Popular

Bulls Are Coming Back

The US dollar index rose to 105.40 after the Fed’s 75-basis-point key rate hike, while the stock and the crypto markets fell. However, during the past few days, investors and traders returned to risk assets as they expect inflation growth to slow. Moreover, Jerome Powell, the head of the Federal Reserve, announced the Fed might start cutting the key rate by 2024, which is the most evident hint of an upcoming market reversal.

eur cad - canadian dollar stocks market usd
What to trade on June 20-24?

Last week was shocking!  The US dollar gained more than 2% against other currencies ahead of the 75-basis points rate hike by the Federal Reserve on Wednesday but dropped after the announcement…

Share with friends:

Choose your payment system

Visa
Mastercard
Maestro
Wire Transfer
Skrill
RAPID Transfer
NETELLER

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