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.

Gold and silver will remain in a very strong bullish trend.

Gold and silver will remain in a very strong bullish trend.

Information is not investment advice

2021_05_10_16_34_57_sos_PowerPoint.png

AUDJPYM30,.png

2021_05_10_16_27_40_sos_PowerPoint.png

USDCADM30.png

Fibonacci Levels

 XAU/USD: Gold facing a further consolidation on a full-time retracement area. Bulls continue to consolidate before try to move higher.

XAUUSDM30.png

Ichimoku Kinko Hyo

AUD/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.

AUDJPYM30.png

US Market View

 World stocks and copper prices hit new peaks on Monday on bets that interest rates will remain low and the economy will continue its recovery, while oil prices jumped after a cyber attack on a U.S. pipeline operator. The S&P500 hovered near record highs on Monday as investors awaited economic data this week for more clarity on the pace of economic recovery, while higher commodity prices supported shares of miners, energy and steel companies. The S&P500 and the Dow ended at record closing highs on Friday as an unexpected slowdown in monthly jobs growth eased inflation worries and fueled bets that the U.S. Federal Reserve would remain accommodative for longer. While some tech stocks got a boost Friday in the wake of the disappointing jobs report, some portfolio managers say that blow-out earnings from several large tech companies over the last few weeks are not enough to keep making outsized bets on the sector.

Wednesday’s CPI figures for April get top billing on the U.S. economic calendar this week amid concerns among investors that rising price pressures could prompt the Fed to start scaling back monetary support measures sooner. While inflation is on the rise, Fed policymakers have repeatedly said the increase is due to temporary factors.PPI figures are due out on Thursday, followed by retail sales data on Friday. Retail sales jumped in March boosted by stimulus checks and this effect is expected to carry over into April.

 Top U.S. fuel pipeline operator Colonial Pipeline has shut, without saying when it would reopen, after a cyber-attack involving ransomware on Friday. Colonial is the main source of gasoline for the East Coast and also serves some of the largest U.S. airports. The incident has highlighted how vulnerable U.S. energy infrastructure is to hackers.

The UK is to release data on first quarter GDP on Wednesday which is expected to confirm that the recovery from the pandemic is already underway. While growth over the whole period is expected to have contracted the monthly figures for March may show a sharp increase as the vaccination rollout allowed pandemic restrictions to be eased.

 

USA Key Point

  • The GBP is the strongest and the JPY is the weakest as the NA session begins.
  • Fed's Evans: Friday's jobs numbers were 'definitely surprising'.
  • Eurozone May Sentix investor confidence 21.0 vs 15.0 expected.
  • Cable gains to fresh highs since late February as buyers keep break above 1.4000.

Similar

Popular

Gold isn't saving investors from inflation

Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?

Choose your payment system

Feel the Team Spirit

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