
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.
2019-11-11 • Updated
Aussie climbed above 0.7680 in the past week as iron ore, copper prices rallied and Chinese manufacturing data beat forecasts.
There is a Reserve Bank of Australia policy meeting next Tuesday. Most strategists believe that the board will adopt a more hawkish stance and leave unchanged its monetary policy settings. The RBA has been neutral all this time but with the shift in tone from other central banks and more signs of improvement for the Australian economy, it will likely release a hawkish statement. Datawise, pay attention to the Australian retail sales report coming ahead of the RBA’s meeting and Thursday’s trade balance data. The US al agencies are set to release unemployment, claims, jobless rate, average hourly earnings and non-farm payrolls next week. A special focus will be on the FOMC meeting minutes which should provide us with the detailed record of the board’s last meeting and offer in-depth insight into the policymakers’ views on the health of the US economy.
AUD/USD surged above 0.7710 over the last 5 days, then retreated a few pips and stalled at 0.7685/80. The possibilities of some profits taking at this point could be one of the factors dragging the pair back below 0.7575, 0.7555 and 0.7495 levels. If quotes manage to retest the 0.7700/0.7710 levels, there will be a continuation of the rally towards 0.7750 (year-to-date high).
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?
Crash of LUNA ecosystem and halving cycles. Glimpse into the future of the crypto market with FBS experts!
Last week blew traders' minds! The US dollar dropped for the first time in seven weeks after Jerome Powell's speech on Tuesday…
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.
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.