ONLINE FOREX BROKER
2021-03-16 • Updated
This week may fairly be called a week of monetary policy reports. On Wednesday, Thursday, and Friday, we will have the US Fed, Bank of England, and Bank of Japan provide their interest rates and monetary policy reports respectively. Therefore, it makes sense to expect possible movements in the USD pairs as well as those with the GBP and JPY on the corresponding days.
After bouncing downwards from below the tactical resistance of 1.20, this pair trades under 50-MA. While the mid-term outlook speaks in favor of the USD, local bearish action is a very likely scenario – especially if the US Fed comes with an upbeat domestic economic outlook. The support of 1.1830 may be the target to watch in this case.
Gold bounced off the resistance of 1740. Although it trades above the 50-MA, the lower highs formed in the last two weeks in combination with the failure to break the mentioned resistance suggest that bears may drag it down. 1680 is the local support to look at.
This pair trades at 8-month highs. The resistance of 109.50 left by the June performance is one step away and may be passed if the US Fed’s report supports the USD. On the other hand, hawkish tones from the BOJ may reverse the movement and send USD/JPY back downwards.
After reaching 1.42, GBP/USD fell to 1.39 where it trades currently. However, that’s still within the larger uptrend. Therefore, bulls may get back to lift the pair to the local highs of 1.40.
The previous year 2022, was undoubtedly tumultuous for the stock markets, with several stocks plummeting across multiple industries. Analysts have blamed the hard times on inflation, hawkish federal reserve policies, an impending global recession, and the ongoing crisis in Ukraine. This year, however, we're beginning to see some recovery in the stock markets. This article will find a few stocks worth buying this year.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
In a call scheduled for January 25, 00:30 am GMT+2, the Tesla Inc. team will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
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...
The European Central Bank (ECB) raised its interest rates by 0.5% to 3%, as planned, to combat inflation, despite some investors'...
Oil prices fell to a three-month low following the release of US inflation data which was in line with expectations. The annual inflation rate of 6%...
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.
|
