
The past two years have seen the biggest swings in oil prices in 14 years, which have baffled markets, investors, and traders due to geopolitical tensions and the shift towards clean energy.
2021-08-26 • Updated
After few days of lack of fundamentals, all eyes are headed towards the US GDP & Jobless Claims later today. The Q2 GDP is expected to post the highest reading since the Q3 of last year, while the Core PCE Price Index is expected to remain stable at 6.1%.
On the other hand, the Jobless Claims is expected to rise slightly from the lowest level since the beginning of Covid19 era to 350K.
However, traders are advised to be very careful, the impact of these numbers is unlikely to last. Most probably it will be a quick move right after the announcement and markets will likely stabilize and it might be a nonevent as all eyes will turn again to Jackson Hall symposium which remains the key for now.
One thing everyone is waiting for, will the Fed stick to its plan to taper QE before the end of the year? If yes, the entire move that we saw in equities since the beginning of this week will be reversed in a short period of time, while if the Federal Reserve decided to surprise the markets with a delay due to Delta variant fears, markets will be celebrating the continuation of the Fed's liquidity.
The past two years have seen the biggest swings in oil prices in 14 years, which have baffled markets, investors, and traders due to geopolitical tensions and the shift towards clean energy.
After months of pressure from the White House, Saudi Arabia relented and agreed with other OPEC+ members to increase production.
Bloomberg reported that ‘the S&P 500 Energy Index has outperformed the broader S&P 500 by 21 percentage points so far this year'.
Investor confidence in the global financial system has been shaken by the collapse of Silicon Valley Bank and Credit Suisse. As a result, many are turning to bearer assets, such as gold and bitcoin, to store value outside of the system without...
As expected, the Federal Reserve hiked the key US interest rate by 25 basis points for the second straight time during its two-day meeting ending March 22. The unanimous decision of the FOMC came amid major central banks' commitment to fighting inflation while maintaining economic...
Between October 2022, and January 2023, the Japanese Yen outperformed several other currency pairs, resulting in over a thousand pips move on pairs like EURJPY, GBPJPY, and 2000-plus...
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