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.

69.21% 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.

S&P500, Dow and NASDAQ all up 1%

S&P500, Dow and NASDAQ all up 1%

Information is not investment advice

GBPUSD.png

GBPUSDM30.png

AUDCAD.png

AUDCADM30.png

Ichimoku Kinko Hyo

AUD/JPY: The AUD/JPY pair is now testing the previous top. Further bullish momentum will lead the market to reach fresh highs. A reversal back would push the currency pair to find support at the cloud.

AUDJPYM30.png

European Market View

The central bank week continues today with policy announcements from Norges Bank and the Bank of England. We expect Norges Bank to raise its policy rate by 25bp to 0.25% and say that it will "most likely" hike again in December. 

Concerns over a possible default of Evergrande have eased on tentative signs that an orderly restructuring might take place. Chinese shares have increased around 1% in Hong Kong overnight. Still waiting for news on the USD83.5m of interest payments on a dollar bond. Yesterday, Evergrande announced an agreement had been made with bond holders of domestic bonds on a separate payment due today.

Yesterday the Fed announced that tapering "may soon be warranted" and that it expects tapering to be concluded in mid-2022.

In the equities space, markets were too busy rebounding, as they shrugged off the FOMC decision. US struggled somewhat to find its direction in the last hour of trading, but judging by the initial reaction Fed's hawkish tilt was well received. Risk on also evident in relative sector performance, with value and cyclicals. Energy, banks and tech were among the sector favourites. Meanwhile, healthcare and utilities trailed. S&P500, Dow and NASDAQ all up 1%. VIX lower for a second day, and now slightly below the 25 mark. Optimism continues in Asia this morning with markets up in the 1%-range. US futures all in green.

 In the FX space, EUR/USD broke below 1.17 yesterday after the more hawkish-than-anticipated Fed message.

Similar

Popular

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

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