USD entering a short period of consolidation

USD entering a short period of consolidation

2020-11-10 • Updated

2020_11_10_08_54_20_Template1_PowerPoint.png

USDCHFM30.png

2020_11_10_08_47_01_Template1_PowerPoint.png

EURUSDM30 (1).png

Ichimoku Kinko Hyo

CHF/JPY: The pair is trading below the cloud despite the strong bearish pressure of Japanese Yen since yesterday. Further bearish pressure will lead the currency pair to retest the previous lows.

CHFJPYM30 ich.png

Fibonacci Levels

XAU/USD: Gold moves below 38.2% retracement level. After a remarkable sell off during the last 24 hours, it seems that bulls return.  

XAUUSDM30.png

European Market View

Asian equity markets were mostly higher as the region took its cue from the predominantly strong performance stateside where the S&P 500 and DJIA rallied to fresh record highs. Looking ahead, highlights from macroeconomic calendar include the UK labour market report, German ZEW, Fed's Rosengren, Quarles, Kaplan, ECB's Knot. Scientists, public health officials and investors welcomed the first successful interim data from a large-scale clinical test as a watershed moment that could help turn the tide of the pandemic if the full trial results pan out. President-elect Joe Biden said the news was excellent but did not change the fact that face masks, social distancing and other health measures would be needed well into next year. The World Health Organization called the results very positive but warned there was a funding gap of $4.5 billion that could slow access to tests, medicines and vaccines in low- and middle-income countries.

EU Key Point

  • UK October jobless claims change -29.8k vs 28.1k prior
  • BOJ introduces special deposit facility to ensure financial system stability
  • Germany reports 15,332 new coronavirus cases in latest update today
  • US coronavirus hospitalization number the highest since July 10
  • On Tuesday Trump has no events scheduled, Biden to speak at 2pm ET

                                                                                                   LOG IN

Similar

Trade ideas for March 28 - April 1
Trade ideas for March 28 - April 1

Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!

September 20-25 Trade Ideas
September 20-25 Trade Ideas

US stock market corrects, gold recovers and the crypto market drops hard! Best trade opportunities during this week in the article! Let’s check the charts and set some goals! NASDAQ (US100) US100 index plunges as the US dollar strengthens…

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?

What to trade on May 16-20?
What to trade on May 16-20?

Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!

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.

Callback

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