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.

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.

S&P500 ended the day lower by -1.1%

S&P500 ended the day lower by -1.1%

Information is not investment advice

GBPAUD.png

GBPAUDM30.png

EURUSD.png

EURUSDM30.png

Ichimoku Kinko Hyo

CAD/JPY: The CAD/JPY pair is trading within the Kumo. If the bulls manage to withstand the bears’ pressure, the exchange rate will eliminate the upper level and the market will attempt to reach the previous top. Alternatively, a plunge of the currency rate will push the pair further down with bearish implications.

CADJPYM30.png

Market View

Initial jobless claims in and United States today and it will be interesting to see what follows after last week's decline below 200,000.

The equity markets looked like rebounding yesterday but soon turned into risk-off in the US session as the first Omicron case had been detected in the country. Reopening plays were naturally among the worst performers in the US session. Value stocks and defensives held up relatively better, although most sectors sold off. This brought S&P500 ended the day lower by -1.1%, Dow Jones -1.3% and NASDAQ -1.8%. The fear index, VIX shot up further, ending north of 30. This is the highest print in implied volatility since January this year. Trading in Asia this morning is without any clear direction, while in the US futures have turned slightly positive.

In the EM front, Turkey’s President Recep Tayyip Erdogan abruptly replaced his finance minister amid deepening rifts in the administration over aggressive interest-rate cuts that have undermined the currency and fuelled inflation.

Turkey’s lira, already trading near record lows against the USD, weakened after the announcement on growing concern over Erdogan’s economic policy and the removal of officials who disagree with his priorities. The currency slipped as much as 2.1% Thursday and was trading 1% lower at 13.38 per dollar earlier this morning. Worth noting that the lira has lost more than 80% against the dollar since Jan 1st.

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

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