Online Forex broker
2021-08-20 • Updated
The latest minutes of the Federal Reserve’s meeting showed most Fed officials agreed they could start slowing the pace of bond purchases later this year given the progress made toward inflation and employment goals. That brought a lot of fear to the markets as S&P500 dropped to the bottom of the rising channel and NASDAQ fell to the 50-day moving average. Today traders await
the release of the US unemployment claims and Philly Fed Manufacturing Index.
Let’s start with Brent as oil is the main markets’ driving force.
Brent, 4H chart
Brent broke through the support line which used to hold it since May 2021. As usually happens, when price breaks through the massive level it returns and tests it once again. That’s why we assume Brent to return in the $68-69 range.
US500, Daily chart
US500, 4H chart
It is important to watch both assets, as changes in oil price tell us about the perspectives of economic recovery. It might be a good time to open US500 short trade as soon as Brent reaches the support line for a retest. Until then, it is a long trade opportunity.
Over the last 18 months, governments have printed an unbelievably large amount of money. And while these measures help the economy to rise and thrive, the consequences can be severe for everyone.
The stock market keeps falling as investors concern over rising costs, supply-chain issues, and inflationary pressures as they can slow down the economic recovery.
Why brothers? If you put an oil chart on the S&P500 chart, you will find out that these assets have a strong correlation…
Coinbase is a secure online platform for buying, selling, transferring, and storing digital currencies…
Novavax tried to fulfill more than 2 billion doses of vaccine, but the campaign is now delaying too much due to production lags. Is that a sell sign for investors?
Such big companies as Netflix, Tesla, and Johnson & Johnson have revealed their financial results for the third quarter.
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.
|
