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.

Join the Facebook community of FBS!

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


Greatest sell-off of Australian Dollar

Greatest sell-off of Australian Dollar

Information is not investment advice

What happened?

The Australian central bank claimed that it would indeed cut asset purchases in September as the bank initially planned and the markets expected. However, the next review of the quantitative easing program would be moved from November 2021 to February 2022.

What is important?

It signaled that the Reserve Bank of Australia (RBA) forecasted a slowdown in the economic recovery amid continuing lockdowns across the country. The RBA’s governor said that interest rates are likely to stay at the record lows of 0.10% until at least 2024. This would put the RBA behind the Bank of England and Federal Reserve, which are expected to hike rates earlier. If it is the case, the AUD will lose against the BOE and Fed.

Market reaction

The RBA’s decision pressed the Australian dollar down. However, it’s not the only factor that drove the Aussie down. The overall market sentiment has changed to risk-off today and triggered the sell-off of riskier assets including the Australian dollar.  

Tech outlook

AUD/USD has failed to cross the 38.2% Fibonacci level of 0.7450 and has broken below the support line of 0.7400. Thus, the way down to the 50-day moving average (the red line) of 0.7370 is open. The pair may stop ahead of this support level and even reverse up back up to 0.7400. However, if it manages to cross this moving average, the aussie may fall to the 23.6% Fibonacci level of 0.7320.





British pound breakout soon?

Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).

Walmart earnings outlook

Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?

Choose your payment system

Be on top of your game


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