5 important things this week will bring us!

5 important things this week will bring us!

  • The Reserve Bank of Australia rate statement (Tue, 5:30 MT (3:30 GMT)) – the Reserve Bank of Australia is not expected to change its interest rate from the current 1.5%. The main focus will be on the comments about the improving labor market, cooling housing market and international trade. Any reference to the growth of the GDP can result in the rise of the AUD.
  • A speech by the Bank of England Governor Mark Carney (Tue, 11:15 MT (9:15 GMT)) – the Bank of England Governor Mark Carney will testify about the Brexit Withdrawal Agreement before the Treasury Select Committee. If his speech contains hawkish comments, the GBP will be supported.
  • A speech by the Chair of Federal Reserve Jerome Powell (Wed, 15:15 MT (13:15 GMT)) – On Wednesday the Fed’s Chair will provide a testimony about the economy and monetary policy. The unexpectedly dovish tone of his latest speech shook the markets. That is why every word concerning interest rates will be closely watched. The central bank is expected to increase the interest rate later this month, but the next moves are unclear. We will see if Mr. Powell changes his tone.
  • Bank of Canada rate statement (Wed, 17:00 MT (15:00 GMT)) – the Bank of Canada raised its interest rate to 1.75% with the hawkish message. We anticipate the central bank to leave rates unchanged this time, however, the Governor Stephen Poloz and his colleagues may provide hawkish statements, which may signal the possible increase in the rate in January. In addition, the recently-signed USNCA agreement supports the BOC's hawkish view.
  • US non-farm employment change and the unemployment rate (Fri, 15:30 MT (13:30 GMT)) – The last release for October outperformed the expectations and showed an increase of 250 thousand positions. At the same time, the unemployment rate remained stable at a low of 3.7%. This time analysts expect the NFP to increase by 200 thousand positions with the same level of the unemployment rate at 3.7%. If the actual digits for the NFP is higher than expected with the low unemployment rate, it will support the USD.

Hot topics:

  • During the G20 summit this weekend, US president Donald Trump and Chinese president Xi Jinping reached an agreement to hold off new tariffs and intensify trade talks. However, the countries presented different perceptions of the deal. For now, China is expected to take measures on IP protection, increase agricultural import and change the car tariffs. If the negotiations fail, the US will raise its 10% tariffs to 25%.
  • Italy is preparing to change its target deficit of 1.9% to 2%. However, Italy's deputy prime minister Matteo Salvini said he was not happy with this change. Further comments or uncertainties will move the EUR during this week.
  • The OPEC+ meeting is expected on Thursday. This weekend provided very upbeat headlines for oil as Russia and Saudi Arabia agreed to extend their oil pact and the Canada largest producing province ordered 8.7% supply cuts. This formed a gap-up day for both Brent and WTI.



US Dollar Index at a 3-month Low
US Dollar Index at a 3-month Low

The USD weakened after Fed Chair Powell hinted at a slowdown of rate hikes, and stocks strengthened. What else is moving the markets today?

Soon Bullish Rally for Gold
Soon Bullish Rally for Gold

The winter is coming, and risky markets expect a rally to come with it. Will this December be bullish for stocks, crypto, and gold? A pack of news will surely help you out.

Latest news

China Stocks are About to Jump
China Stocks are About to Jump

It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.

Deposit with your local payment systems

Feel the Team Spirit

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