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.

Pound edges ahead in light trading

Pound edges ahead in light trading

Information is not investment advice

2021_05_27_16_37_40_Window.png

GBPJPYM30.png

2021_05_27_16_32_01_Window.png

USDJPYM30.png

Fibonacci Levels

 XAG/USD: Silve facing a further consolidation below 23.6% retracement area. Bulls have returned before NFP.

XAGUSDDaily.png

Ichimoku Kinko Hyo

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

USDJPYM30,.png

US Market View

U.S. stocks are set to open slightly lower Thursday, as investors digest the possibility of the Federal Reserve reining in its ultra-easy monetary policies ahead of key employment data.

The number of Americans filing new claims for unemployment benefits dropped more than expected last week as layoffs subsided, with companies desperate for workers to meet surging demand unleashed by a rapidly reopening economy. Initial claims for state unemployment benefits totaled a seasonally adjusted 406,000 for the week ended May 22, compared to 444,000 in the prior week, the Labor Department said on Thursday. That was the lowest since mid-March 2020 and kept claims below 500,000 for three straight weeks.

New orders for key U.S.-made capital goods increased more than expected in April and shipments rose solidly, suggesting strong momentum in business spending on equipment growth persisted early in the second quarter. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, jumped 2.3% last month, the Commerce Department said on Thursday. These so-called core capital goods orders increased 1.6% in March. Orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, dropped 1.3% in April after rising 1.3% in March. They were pulled down by a 6.7% decline in orders for transportation equipment, which followed a 3.1% decrease in March.

The United States and China, the two largest economies in the world, are back talking to each other about trade. The chief trade negotiators of the two countries held a conversation earlier Thursday, marking the first formal engagement between the trade chiefs since U.S. President Joe Biden took office in January. Both sides agreed that the bilateral trade relationship is very important, as they attempted to put aside the distrust that has existed since the previous U.S. administration instigated a two-year tariff war. The U.S. and Europe seem to be getting on top of the Covid-19 virus, helped by a ramped-up vaccination programs. And now attention is turning to finding out how the virus originated and what governments could have done better in combating it.

 

USA Key Point

  • US Q1 GDP (second reading) +6.4% vs +6.5% expecte
  • Inventory drawdowns cut 2.78 pp from US GDP in Q1.
  • US April prelim durable goods orders -1.3% vs +0.8% expecte
  • US initial jobless claims 406 K vs 425K estimate.
  • Biden to propose $6 trillion budget.
  • The GBP is the strongest and the CHF is the weakest as NA traders enter for the day.
  • UK PM Johnson: There is nothing in the data currently to delay 21 June reopening.
  • ECB's de Cos: Rise in euro area inflation is transitory.

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