
Last Friday’s NFP was disappointing. The reaction of the markets was astonishing. Will it last longer? Let's find out the main trade opportunities for the upcoming week.
2020-05-25 • Updated
The Australian dollar set a strong upward trend over a month. Will AUD loose its gains soon?
The Australian dollar gained last week on the news about the potential effective vaccine and the prospect of an upcoming recovery as economies were reopening. However, there won’t be any important economic reports from Australia this week. That’s why, all the movements of the Australian dollar will depend mostly on risk sentiment.
The number-one trending topic these days is the US-China relationship. There had been already tensions between two world-largest economies, but they were worsened even more by China’s plans to impose a security law in Hong Kong. Most Western countries are against this law as it violates human rights.
Moreover, Australian Prime Minister claimed his support for Hong Kong’s autonomy that deteriorated the Australian relationship with China, as well. AUD was already under pressure by US-China tensions, but now it can have a direct conflict with China. It may turn out really badly for the aussie as China has been its main trading partner. Also, China has already banned imports of meat from Australia and imposed some extra tariffs. AUD will be under huge threat, if China continues its sanctions.
All eyes on the US-China phase-1 trade deal now. As any fresh impulse can have a huge negative impact on the Australian dollar.
The AUD/USD had been rising since March 20. Nevertheless, it started contracting on May 21. It looks like a regular correction, but buyers are worried as the fundamental outlook is quite bearish. If it manages to break through the support level at 0.649, it will go even deeper to 0.64. Retracement levels are at 0.660 and 0.666.
Last Friday’s NFP was disappointing. The reaction of the markets was astonishing. Will it last longer? Let's find out the main trade opportunities for the upcoming week.
After multiple hawkish remarks over the past few days from non-voters members, the Federal Reserve chairman Powell surprised the markets with some dovish remarks…
Institutional investors speak about further growth in the stock market. In the exact market that has doubled since COVID-19 and doesn’t plan to stop. Is it possible?
The stock market has reversed, and now it’s going lower and lower…
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.