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
Latest forex news on July 22

Latest forex news on July 22

Information is not investment advice

Fundamentals

  • The market sentiment is risk-on today. The US dollar continues waning, while riskier assets and precious metals are rising. Nasdaq surged to the record high at 10 860.
  • The risk appetite boosted by the optimistic news from biotech companies. AstraZeneca, Pfizer, and Synairgen revealed successful vaccine tests and effective coronavirus treatments.
  • The USA is going to follow the EU example on supporting the economy. Recently the EU members agreed on a 750-billion-euros recovery fund. US Treasury Secretary Steven Mnuchin and Speaker of the House Nancy Pelosi were discussing the further fiscal stimulus package.
  • Australian preliminary retail sales rose by 2.4% in June. It was lower than in May, when sales grew by 16.9%. However, the AUD is climbing up on the current risk-on mood.
Watch our daily forex trading plan!

Technical tips

EUR/USD

EUR/USD surged higher on the positive news on the EU recovery fund and vaccine promising results. It reached the level unseen since January 6, 2019 at 1.1530. However, it has showed some weakness recently. It may meet the support at the key psychological mark at 1.1500. If it falls below that level, it will reach the next support at the low of July 21 at 1.1440.

EURUSDH4.png

S&P 500

The S&P 500 surged higher and reached the 3 250 level. It may meet the resistance at 3 325. If it breaks it through, the stock index may increase to the all-time high at 3 390. Support levels are at the low of July 16 at 3 190 and at the 200-day moving average at 3 045.

S&P500Daily.png

Gold

Gold reached rates unseen since September 1, 2011 at $1 860. These days it tends to rise together with stocks. Support levels are at $ 1 840 and at $ 1 815.

XAUUSDH4.png

 GBP/USD

The risk-sensitive British pound surged but then closed in red. According to the Telegraph, there are no developments in Brexit talks. The breakthrough is only expected at the year-end, when the transition period expires. Let’s look at the daily GBP/USD chart. If the price breaks the high of June 10 and the 78.6% Fibonacci level at 1.2816, it will jump higher to the key psychological mark at 1.300. Otherwise, if it falls below the support at the 200-day moving average at 1.2700, it may plummet even deeper to the next support at 61.8% Fibo level at 1.2520.

GBPUSDDaily.png

Upcoming events:

  • The Canadian CPI will be published at 15:30 MT time. Don't miss out!
  • Follow the US crude oil inventories report at 17:30 MT time.

Check the economic calendar

LOG IN

Similar

The ECB is going to move the euro

The European Central Bank publishes the monetary policy statement alongside with an update on the interest rate on October 29, at 14:45 MT time.  

Popular

The ECB is going to move the euro

The European Central Bank publishes the monetary policy statement alongside with an update on the interest rate on October 29, at 14:45 MT time.  

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