BTC surged, gold dropped, all eyes on US Retail Sales

BTC surged, gold dropped, all eyes on US Retail Sales

What you should know before trading on Tuesday

  • Gold dropped to almost the lowest level in a month as metals slide ahead of the Fed meeting on Wednesday.
  • Most stock indices are at all-time highs! S&P 500 (US 500) and Nasdaq 100 (US 100) have reached a new record as well.
  • Bitcoin has broken above $41,000 for the first time since late May after fund manager Jones supported the BTC in an interview. The rally has paused for a while, but it’s likely to continue as investors see Bitcoin as an inflation hedge.
  • Follow US Retail Sales at 15:30 MT time. If the numbers are better than expected, it may push the USD up. If worse – down.

Technical outlook

EUR/USD is recovering after the enormous slump on Monday. It has reversed up from the 50-day moving average of 1.2090 and keeps edging higher. It may rise to the 50-period moving average of 1.2150, but it’s unlikely to cross this resistance level on the first try. On the flip side, the move below the recent low of 1.2090 will push the pair to the next support level at 1.2060.


After the amazing May, gold is losing its value in June. It has reversed down. If it drops below the low of June 4 at $1855, it may fall to the 200-day moving average of $1840. In the opposite scenario, if it jumps above $1875, it may rise to the next round number of $1890.


USD/JPY is moving inside the ascending channel. It has pulled back after breaking the psychological mark of 110.00. It might be a natural sell-off ahead of the further rally up. The move above April highs of 110.25 will push the pair to the next resistance level of 110.65. Support levels are at the 50-period moving average of 109.65 and the 100-period MA of 109.5.




Latest news

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