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


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

72.12% 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: long-term bullish forecast

Gold: long-term bullish forecast

Information is not investment advice

Such credible banks as Bank of America and Citigroup made extremely bullish forecasts from $3 000 to $5 000. It’s hard to imagine right now, but let’s discuss why it may become true.

Even though gold has lost some of its gains, we must admit that this year has been the most incredible for gold. It has managed to reach record highs of $2 070 after the torrid rally. No wonder that the yellow metal surged so much amid the coronavirus outbreak. It’s natural that investors flow their capital into safe-haven assets during economic uncertainties as bonds have low or negative returns, and stock prices tend to be too volatile. Indeed, just a few months ago almost all the central banks warned that the coronavirus crisis pushed the global economy to levels unseen since World War II.

Besides, enormous financial injections from the US government flooded the market with dollars, which led to the depreciation of the USD. Moreover, the recent Fed’s statement to leave lower rates for longer weighed on the greenback as well. As a result, the dollar-denominated gold went upward. Nevertheless, now the USD is edging higher after the upbeat NFP report on Friday, which pushes gold to the downside, but some analysts warn that the post-NFP effect may soon fade. Notably, the long-term trend for USD is bearish, while gold is bullish. Actually, the yellow metal always sticks to the trend. Therefore, there are chances to see its’ rally again.  

What will happen, if gold reaches $10 000? Analysts believe that the US dollar is likely to lose its value of the world’s dominant currency in this case. In addition, other currencies such as the Swiss Franc will follow the USD. However, governments won’t allow this nightmare to happen, they will definitely find the way out of it. They may control currency flows or even more confiscate gold bullions from people. It’s not a fiction, it’s a real fact: the US government did that in time of the Great Depression.

Technical tips

We discussed above what may happen in the long run, let’s focus on the short term right now. Gold has been stuck inside of the triangle since August 7 and has failed to break out of it so far. The move below $1 925 will prove the breakout and drive the price to the low of August 26 at $1 910. In the opposite scenario, if XAU/USD goes above the resistance of $1 950, it will clear the way towards the next resistance of $1 970. Try to catch the overall sentiment and follow big economic releases as they will add volatility to gold!





How Will BoJ Meeting Affect the Yen

Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus

Choose your payment system

Feel the Team Spirit


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