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
Main market movements on September 21

Main market movements on September 21

Information is not investment advice

Safe-haven currencies such as the US dollar and the Japanese yen have started the week on the positive footing amid rising new virus cases, pushing riskier assets to the downside. 

US-China tensions continue escalating. The US President Donald Trump approved Oracle’s bid to buy TikTok’s US assets, while US curbs on WeChat have been put on hold by a judge. Besides, investors are waiting for some development over fiscal stimulus in the USA as the impasse of the stimulus package in combination with upcoming elections weighs heavily on the US dollar. All eyes on Powell’s speech this evening.

Meanwhile, new virus cases are rising in the European Union. Even fresh restrictions have been imposed in Greece and Denmark. The European Central Bank has launched a review of its pandemic bond-buying program. It will decide for how long the PEPP will take place and debate the necessity of extra asset purchases.

Watch our daily trading plan!

Let’s look at the EUR/USD chart. It has just broken the strong resistance of 1.1800. The move below the support of 1.1755 will push the pair even deeper to the level at the next round number of 1.1700. Resistance levels are 1.1800 and 1.1880. 

EURUSDH4.png

S&P 500 has dropped to the lowest levels since August 5 as a massive sell-off of tech stocks has started. Amazon, Facebook, and Apple slumped dramatically.  The move below the low of July 31 at 3 250 will drive the stock index lower to 3 200. On the flip side, if it jumps above the resistance of 3 330, it will push the price to the high of September 18 at 3 370.

S&P500Daily.png

Moving on to gold, it has been trading sideways. The move above the high of September 18 at $1 960 will drive the price to the next resistance of $1 970. Otherwise, if it drops below the support of $1 925, it will push the price to the next support of $1 910.

XAUUSDH4.png

Finally, let’s talk about the British pound. It has been driven upwards by the upbeat comments of the European Commission President over Brexit. However, the fresh lockdown in the country added headwinds to the GBP. The move below the low of September 15 at 1.2830 will drive the price lower to 1.2780. Resistance levels are 1.2960 and 1.3015.

GBPUSDH4.png

LOG IN

Similar

Popular

Choose your payment system

Learn more