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

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store

Get

Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

76.5% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

Oil Skyrockets, Gold Is Pressed

Oil Skyrockets, Gold Is Pressed

Information is not investment advice

What drives the market today?

  • Australia has revealed strong retail sales. They dropped less than expected: -1.7% vs the forecast of -2.5%. AUD/USD has jumped by nearly 380 points after the release but then paused.
  • Hong Kong’s Hang Seng index (HK50) rocketed after China’s central bank said it will make all efforts to support the “healthy” development of the property market amid the China Evergrande Group crisis.
  • The 10-year US yield reached 1.5%, the record high unseen since June, as traders priced in the soon Fed’s tapering. The US central bank is going to reduce monthly asset buys by $120 billion. The US dollar However, two regional Fed’s presidents resigned after revelations of embarrassing stock trading last year, they were the most hawkish Fed members.
  • The oil keeps rallying as concerns of a global energy crunch strengthened. Brent has almost reached $80 a barrel – the level which has been unseen since 2018. WTI crude topped $76 a barrel. Goldman Sachs predicts Brent to reach $90 by the end of this year as the energy market is in a huge deficit.
  • Bank of England Governor Andrew Bailey claimed that interest rates could rise as early as this year in the UK. It is a positive sign for the British pound.

Tech outlook

EUR/USD has approached the low of August 19 at 1.1670. The euro looks weaker than the US dollar, that’s why the downtrend is likely to continue. If it manages to break through this support level, it will drop to November lows of 2020 at 1.1630. Resistance levels are 1.1700 and 1.1740.

EURUSDDaily.png

Gold has formed the triangle pattern. If it drops below the lower line of the triangle and the candle closes below it, it will fall to the August low of $1730. After that, the metal may plunge to the psychological mark of $1700. Resistance levels are $1780 and $1800.

XAUUSDDaily.png

USD/JPY is rocketing like crazy. It has been making large green candles for 5 days in a row. The 111.50 should be a strong resistance level, which the pair may struggle to cross and pulled back to 111.00. The RSI is getting closer to the overbought zone, and the pair has already jumped above the upper line of Bollinger Bands. Be ready for reverse down.

USDJPYDaily.png

LOG IN

Similar

Will the Fed Surprise Investors?

The Federal Reserve will make a statement regarding the future monetary policy on Wednesday, June 15, at 21:00 MT time (GMT+3).

Popular

How Will US PMIs Affect the USD?

The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.

Will Fed Chair Powell Move the USD?

The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.

Choose your payment system

Be on top of your game

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