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.

72.12% 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.

USD is strong, stocks recover after yesterday's losses

USD is strong, stocks recover after yesterday's losses

Information is not investment advice

Latest news:

  • New Zealand has published encouraging labor data. NZD/USD has modestly risen after the report.
  • US stocks have started recovering after yesterday’s drop. They fell on a sale of tech stocks and Treasury Secretary Janet Yellen’s comments on interest rates. Yellen claimed that the rates are likely to rise as government spending is increasing and the recovery is faster than expected. However, after that, she reassured investors by saying she wasn’t forecasting or recommending rate hikes.
  • Crude oil surged as the rebound from the Covid-19 pandemic picks up the demand. XBR/USD (UK Brent oil) has approached the key psychological mark of $70.00.
  • All eyes today on US data: ADP report (an early look at NFP), Services PMI, and crude oil inventories.

Technical tips

EUR/USD has just crossed the psychological level of 1.2000. This breakout will drive the pair down to the intersection of the 50- and 200- moving averages at 1.1950, where the falling should stop. On the other hand, the jump above Monday’s high of 1.2075 will drive the pair to the upper trend line of 1.2125.

EURUSDDaily.png

NZD/USD is trending up inside the ascending channel. If t manages to break April’s high of 0.7300, it may rally up further to the next round number of 0.7500. On the flip side, if it drops below the lower trend line at 0.7100, it may fall to the psychological level of 0.7000. This scenario is the least possible as it has failed to cross this support line for over a year.

NZDUSDDaily.png

AUD/USD has been moving sideways between 0.7700 and 0.7800. Thus, this time it’s likely to bounce off the 0.7700 support again. If this is right, on the way up the pair will meet the resistance at Mondays’ high of 0.7760.

AUDUSDH4.png

Finally, let’s discuss crude oil on the example of XBR/USD (UK Brent oil). If it manages to break above the $70.00 milestone, the way up to $75.00 will be open. However, it’s unlikely to rally for so long as on the weekly chart, the RSI indicator has approached the 70.00 level, signaling the asset is overbought. Therefore, we might expect the reverse down from $70.00. On the way down, the oil may struggle to cross support levels at the recent low of $65.00 and the 200-weekly moving average of $60.00.

XBRUSDWeekly.png

LOG IN

Similar

Popular

Choose your payment system

Feel the Team Spirit

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