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.

What to Trade on July 4-8

What to Trade on July 4-8

Information is not investment advice

Last week was bearish for risky assets such as stocks, oil, gas, and crypto. S&P500 dropped 5%, Nasdaq fell by 6%, WTI and Brent slid below 110, and BTCUSD crossed the 20 000 level to the downside. Will the upcoming week change the situation across the markets? Let’s look at it in detail!

Trade ideas

Forex

The strength of the US dollar was pulling other currencies lower against it. This way, EURUSD retested June's low at 1.0400, AUDUSD fell to the low of June 2020, and USDJPY retested 136.70. This week additional volatility of the major pairs is expected with the FOMC Meeting Minutes on Wednesday and Nonfarm payrolls on Friday. If the USD keeps strengthening, EURUSD will cross the support area between 1.0400-1.03800 and target 1.0200. However, the chances of the reversal from this zone are high. If it breaks the resistance at 1.0500, a further rise to 1.0600 will be in focus. Also, USDJPY may show us interesting movements since the pair has formed a double top on the chart. Don’t underestimate the RBA Rate Statement on June 5, where the bank is expected to raise the interest rate to 1.35%.

EURUSDDaily.png

Oil & Gold

The week was full of ups and downs for oil prices. If we look at the daily chart of both XBRUSD and XTIUSD, we notice that both instruments were balancing between 50- and 100-day SMA. Consider opening long positions for both assets when they stick above the 50-day SMA. The target for Brent will lie at $115; the next one lies at $118. As for WTI, after the breakout of $115, the target will lie at $120.

Gold finally broke the lower border of the triangle at 1800. A strong USD may pull it even lower to the next support area at $1750. If it rises back, the first resistance will lie at $1835.

XAUUSDDaily.png

Stocks

Stocks moved lower last week after the Fed Chair Powell hinted at more aggressive monetary policy amid rising inflation. If a downtrend in the US stocks continues, US500 (S&P500) will cross the 3700 level and reach 3500. As for Nasdaq, after the crossover of the support at 11 000, the next target will lie at 9500.

US500Daily.png

LOG IN

Similar

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

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