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.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

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
How to trade on July 13?

How to trade on July 13?

Information is not investment advice

Risk-on is back on the market. Riskier currencies and stocks are in favor. Gold is rising too as investors try to hedge their risk investments. Moreover, the earnings season has started this week. It will make the stock market really volatile as it gives really important data about how companies have been performing amid the coronavirus outbreak. Today Pepsico will release its quarter earnings per share report. The forecast is 1.25. If the data comes better than expected, Pepsico will increase its value, otherwise – decrease. Most analysts believe that earnings per share can beat all estimates as most countries have already reopened. That in turn will improve the overall market sentiment and drive riskier assets further to the upside.

However, new virus cases continue increasing in the USA. Florida recorded the highest daily rise on Sunday since the coronavirus pandemic started. Investors shrugged off that news as there are optimistic developments on the coronavirus vaccine. For instance, human trials have begun in Australia in Queensland.

Watch our daily forex trading plan!

So, let’s look at the charts. EUR/USD is rising up, but it will meet soon the resistance at the 1.1345. If it crosses it, it will surge higher to the high of July 9 at 1.1366. Anyway, look for support levels at 1.1300 and 1.2690. The current risk-on mood will drive the pair upward in the short term. Nevertheless, be cautious as the USA imposed new tariffs on French imports in response to the French digital services’ tax. If the European-American tensions deteriorate, it may weigh on the Euro.

EURUSDH4.png

Gold keeps rallying. It has just crossed the resistance at $1 807. Now it’s moving towards the next resistance at the high of July 9 at $1 815. Support levels are $1 800 and $1 794.

XAUUSDH4.png

GBP/USD is moving upward. It will meet the strong resistance at the 200-day moving average at 1.268. If it breaks it through, it may jump further to the next one at the high of June 10 at 1.275. Support levels are at 1.2600 and 1.2415. Follow the report of the Bank of England today at 18:30 MT time. If its governor Andrew Bailey gives optimistic guidelines, it will push the British pound higher.

GBPUSDDaily.png

The S&P 500 has finally escaped the triangle. It has been trading inside of it for almost a month. If it crosses the resistance at 3 225, it will open doors to the all-time high at 3 390. Support levels are 3 110 and 3 025.  

S&P500Daily.png

Upcoming events:

  • Pepsico will release its querter earnings report. 
  • The Bank of England will report today at 18:30 MT time. Stay tuned!

Check the economic calendar

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