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

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Follow us on Facebook

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Email tooltip

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

View
Gold reversed from dips ahead Biden's speech

Gold reversed from dips ahead Biden's speech

Information is not investment advice

Latest news

  • The US dollar keeps climbing up, heading for its best quarter in 12 months.
  • 10-year Treasury yields reached a 14-month high of 1.77%.
  • Gold dropped to the lows unseen since June of the last year.
  • US President Joe Biden is expected to unveil a huge infrastructure package today, which will add fresh volatility to markets.
  • China’s manufacturing industry rose more than expected, showing that economic activity recovers and demand strengthens.
Watch our new daily video!

Technical analysis

EUR/USD has broken through the lower trend line at 1.1750 but has failed to cross the psychological mark of 1.1700 so far. If it manages to do so, the way down to November’s low of 1.1630 will be open. On the flip side, if the sentiment changes and the euro gets a stimulus to rise, it may return to the resistance of 1.1750. If it crosses it, the doors to the high of March 26 at 1.1800 will be open.

EURUSDDaily.png

GBP/USD has been falling inside the descending channel. If it manages to break the 50-period moving average of 1.3780, the way up to the 100-period MA of 1.3840 will be open. On the flip side, the move below the intraday low of 1.3720 will press the pound to the low of March 25 at 1.3680.

GBPUSDH4.png

USD/JPY was rallying up for six days in a row. Today it has bounced off the resistance of 111.00 as the RSI indicator went above 70.00, indicating the pair is overbought. If it finally manages to break through 111.00, the way up to the next round number of 111.50 will be open. In the opposite scenario, if bears keep momentum and the pair drops below 110.30, it may fall to the key psychological mark of 110.00.

USDJPYH4.png

Finally, let’s discuss gold. After the sharp drop, it has reversed from the support of $1680. If it manages to break above yesterday’s high of $1715, the way up to the high of March 26 will be open. On the flip side, if it drops below $1680, it will fall to the 100-weekly moving average of $1660 (switch to the weekly chart to see it).

XAUUSDH4.png

LOG IN

Similar

Popular

Choose your payment system

Learn more

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