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

Trading plan for June 5

Information is not investment advice

The USD has continued to weaken after the Federal Reserve Chair Jerome Powell hinted the possibility of a rate cut this year. Will the FOMC members bring some optimism to the market? Let’s wait for the speeches by Richard Clarida and Michelle Bowman during the American trading session. In addition, we anticipate higher figures for ISM non-manufacturing PMI. It may bring positive momentum to the greenback as well.

While most of the emerging market currencies take advantage of the USD weakness, we can see the South African rand weakening. The rise of the USD/ZAR happened due to the shocking figures of the South African GDP growth for the first quarter. It declined by 3.2%, making it the largest contraction since 2009.

Also today we anticipate the release by U.S. Energy Information Administration. According to the forecasts, we will see a decline in the output by 300 thousand barrels. The lower level may push the oil prices up.

Similar

Popular

Weekly Market Outlook: Aug 10 - 14

US-China trade tentions, the rescue package for the American economy and other hot topics in the weekly video. Watch to learn about the most promising opportunities!

August 6: GBP surged after BOE report

The market sentiment is indeed risk-on today! Gold has approached to the key resistance at $2 050 and the S&P 500 is eyeing all-time high at 3 390.

Choose your payment system

Learn more