Don’t waste your time – keep track of how NFP affects the US dollar!

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FBS Trading School Elementary

This section focuses on market analysis. Here you will learn how to use fundamental and technical analysis of the market to forecast where the prices of the currency pairs will go in future. You will learn what a trend is and how to find support and resistance. You will also get to know the main technical indicators. Moreover, you will see which economic factors make the exchange rates rise and fall and learn to make money on these moves.

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Main market movements on August 6

The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.

Big day for USD

The US NFP will be published on August 7 at 15:30 MT time.

All eyes on AUD

The RBA will make a rate statement on August 4 at 7:30 MT time.

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