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 Loses the Chanсe to Survive!

Gold Loses the Chanсe to Survive!

Information is not investment advice

What will happen?

The Bureau of Labor Statistics will post June’s US CPI data on July 13th. It seems like markets expect to see high numbers, as the US dollar index (DXY) is flying to 107.00 while risk assets keep being pressed.

Also, investors keep in mind that the Federal Reserve might increase the key rate by50 basis points at the end of July, sending it to 2.25%.

What to expect? 

An upcoming key rate increase combined with the oil market prices dump will cool the inflation down. Investors, who usually buy gold on expectations of increasing inflation and sell it at the opposite moment, have been getting rid of the yellow metal since March 2022. There is no doubt that they will keep doing that, freeing up capital to buy riskier assets such as cryptocurrencies and stocks, some of which have lost over 50% since the start of the year.

Technical analysis

XAUUSD has broken through the support trend line on the weekly timeframe with a strong

impulse. Currently, the price is heading towards $1745, the main on the same timeframe. As soon as a weekly candle closes below this level, XAUUSD will head towards $1725 and $1690.

However, the breakout might now happen right away. Risky traders might try to catch a pullback by buying gold at $1745 with the target at $1765.

 2022-07-06_17-14-14.jpeg

 LOG IN

Similar

Fed Pretends to Control the Market

On May 4, the US Federal Reserve revealed the federal funds rate for the next two months. Even though a 50 basis points hike was widely expected, the future is not so clear. Let’s figure it out bit by bit!

Are Conditions Perfect for Gold’s Uptrend?

Apart from inflationary pressures, all other factors were serving as tailwinds to gold after reaching $2000 in August 2020. But inflation along with the slowing global economy are the factors that make gold shining brighter.

Days are Numbered for Gold

Gold is one of the most popular trading assets in the world, with a several age history and an unbelievably large market capitalization of $11 trillion.

Popular

What can drive oil below $90 a barrel?

The past two years have seen the biggest swings in oil prices in 14 years, which have baffled markets, investors, and traders due to geopolitical tensions and the shift towards clean energy.

How Alibaba Deals with Troubled Times?

The e-commerce giant has recently faced a lot of pressure, starting from global uncertainty in China amid lockdowns and geopolitics. The company has been added to the US SEC (Securities and Exchange Commission) delisting queue. Finally, there’s an earnings report coming on August 4. Let’s discuss everything and prepare for the next move.

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