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.

Join the Facebook community of FBS!

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

View
USD is heading for the best week in three

USD is heading for the best week in three

Information is not investment advice

Latest news

  • The US dollar is heading for the best week in three. The market sentiment is mixed as optimism about the global economic recovery was outshined by increasing tensions between the West and China. The European Union joined the US in sanctioning China’s Xinjiang region.
  • Chinese tech stocks dropped on worries they will be de-listed from US exchanges. Alibaba, the Chinese e-commerce group, plunged to lows unseen January.
  • US unemployment claims dropped to a one-year low last week, signaling the sustained economic recovery in the USA.
  • Crude oil prices surged on news that one of the largest container ships is still stuck in the Suez Canal.

Technical analysis

EUR/USD has been moving in a descending channel since the start of this year. It has bounced off the lower trend line. If bulls keep momentum, it may rise to the 200-day moving average of 1.1860. On the flip side, if it drops below the support level of 1.1760, the way down to the psychological mark of 1.1700 will be open.

EURUSDDaily.png

GBP/USD has approached the resistance of 1.3770. The move above this level will drive the pair to the 50-day MA of 1.3825. In the opposite scenario, if it manages to break yesterday’s intraday low of 1.3735, the doors will be open to the next support of 1.3680.

GBPUSDH4.png

USD/JPY has been moving sideways between 108.35 and 109.35. Finally, it has broken through the resistance of 109.35.Thus, the way up to the next round number of 110.00 is open. Support levels are 109.35 and 108.90. 

USDJPYH4.png

Finally, let’s talk about gold. It has formed a triangle pattern. Therefore, we should look for a breakout. If it crosses the lower line of the triangle at $1725, the way down to the low of March 10 at $1713. On the flip side, the move above the upper line at $1735 will push gold further up to yesterday’s high of $1746.

XAUUSDH4.png

Watch our new daily video!

LOG IN

Similar

German Ifo Business Climate

Germany, the leading economy in the Euro Zone, will reveal one of the key economic indicators – German Ifo Business Climate on September 24 at 11:00 MT time.

Popular

German Ifo Business Climate

Germany, the leading economy in the Euro Zone, will reveal one of the key economic indicators – German Ifo Business Climate on September 24 at 11:00 MT time.

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