US Dollar Losing Further Ground

US Dollar Losing Further Ground

2020-11-16 • Updated


EURUSDM30 (3).png


USDJPYM30 (2).png

Ichimoku Kinko Hyo

EUR/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.

EURJPYM30 ich.png

Fibonacci Levels

XAG/USD: Silver after a remarkable sell off last week is trading higher between 50% and 61.8 retracement area.

XAGUSDH1 (2).png

EU Market View

Asian equities hit a record high on Monday as investors set aside fears about rising coronavirus cases and bought stocks, cheered by data showing a robust recovery in China and Japan. There are just mountains of cash sitting on the sidelines and big hedge funds know it. Japanese economic growth, which beat records and forecasts to pull the world's third-largest economy out of recession and better-than-expected industrial output in China added to the enthusiastic mood. Investors are suddenly more optimistic on the global economic outlook after upbeat news on the Pfizer vaccine early last week. The vaccine breakthrough ignited a rally in the riskiest assets around the world. EU sources noted there was less progress in recent days on outstanding Brexit sticking points than they had hoped for.Looking ahead, highlights from macroeconomic calendar include US NY Fed Manufacturing, RBA’s Lowe, Fed’s Clarida and Daly, ECB’s Lagarde, de Guindos and Mersch speeches.

EU Key Point

  • BOJ's Masai supports that ETF purchases, forward guidance will remain part of our toolkit
  • ECB president Lagarde to speak later today
  • Germany reports 10,824 new coronavirus cases in latest update today
  • China data shows new jobs created from Jan to Oct, reached the annual target ahead of schedule

                                                                                               LOG IN


Trade Ideas on September  6-10
Trade Ideas on September 6-10

Bitcoin At the end of the past week, Bitcoin broke through the big resistance level of $50 400 and reached $51 500 after the worse-than-expected US labor data…

Latest news

Walmart earnings outlook
Walmart earnings outlook

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?

Deposit with your local payment systems

Be on top of your game

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.


A manager will call you shortly.

Change number

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

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

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.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera