The Reserve Bank of Australia will hold a meeting on August 3. Analysts expect a dovish move, which may send the AUD down.
Trade ideas for May 31-June 4
2021-05-28 • Updated
The market is preparing for an active week. Have a look at the trading instruments with the most interesting potential!
Trade ideas for the new week
Is the uptrend slowing down after the euro’s attempt to break above 1.22? Looks like that! Friday will be the climax of the week with Nonfarm Payrolls (NFP) and the speeches of European and American central bank governors. EUR/USD may slide to 1.2100.
After New Zealand’s central bank sent NZD/USD flying, traders will expect no less from the Reserve Bank of Australia. The RBA will meet on Monday and Australian economic growth data will come out on Wednesday. A breakout in AUD/USD will lead it either to 0.7580 or to 0.7960.
The precious metal reached $1900 and made a natural pause. XAU/USD will remain in a short-term uptrend as long as the price is above $1880. It will be able to keep pushing higher if the US figures disappoint.
Brent oil is near the strong resistance of $70-$71. OPEC+ nations will meet on June 1. All eyes will be on the prospect of Iranian oil returning to the market and the group’s view on the demand for oil. Follow the news to grasp trade opportunities.
This stock is at the center of the market’s attention. According to analysts, there may be a short squeeze, i.e. the rapid closing of sell trades. If so, the price will keep soaring toward 2021 high around $60.
We will remember the past week for the surge in the US inflation and the soothing comments of the Federal Reserve’s Chair Jerome Powell…
The British pound has advanced in the first half of the year, especially against the euro. Will this trend sustain in the second part of 2021?
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What will happen? Electronic Arts, the global leader in digital interactive entertainment, will present its earnings report for the second quarter on August 4 after the stock market closes (23:00 GMT+3)…
Since July 2 a new stock is available for trading with the FBS broker under the ticker symbol #HOOD…