Busy day ahead! Get ready with us!

Busy day ahead! Get ready with us!

The ECB statement and US unemployment claims will be out today. How the market will react?

Fundamentals

  • The FDA will meet to discuss the vaccine of Pfizer and BionTEch. If it approves the vaccine, the widespread distribution will start in 24 hours. The market sentiment will immediately improve and riskier currencies (AUD, NZD) and stock indices (S&P 500, Nasdaq) will surge.  
  • The EU and the UK have failed to reach the Brexit deal so far. Talks will continue further, signaling that both sides still want to make an agreement. Today the EU Economic Summit will be held during the day, that’s why we can expect some news from the Brexit front. The GBP will be sensitive to any Brexit developments.      
  • ECB will make a monetary policy and rate statement at 14:45 MT time. Societe Generale forecasts the ECB will extend its bond-buying program by extra 600 billion euros. Indeed, the ECB may try to push the EUR down as the central bank isn’t satisfied with the increased euro. 
  • Follow us unemployment claims today at 15:30 MT time. If the actual numbers are better than the forecast of 725 000, the USD will rise. Otherwise – drop. 
Watch our daily video!

Technical tips

EUR/USD

The 50-period moving average has stopped EUR/USD from further falling. If the pair manages to break the resistance of 1.2100, the way up to yesterday’s high of 1.2135 and the upper trendline will be open. On the flip side, if it falls below the support of 1.2075, it may drop to the low of December 2 at 1.2050. 

EURUSDH4.png

GOLD

XAU/USD is trading sideways near the 38.2% Fibonacci retracement level of $1 840. If it manages to break through it, the way up to the 50% Fibo level of $1 865 will be open. In the opposite scenario, if it drops below yesterday’s low of $1 825, it may fall to the next support of $1 810. 

XAUUSDH4.png

GBP/USD

The pair is moving in the ascending channel, driven by vaccine hopes. Support levels of the recent lows at 1.3300 and 1.3265 should constrain the pair from further falling. If it jumps above the resistance of 1.3400, it may rise to yesterday’s high of 1.3460. Follow Brexit news!

GBPUSDH4.png

AUD/USD

The aussie is edging higher, supported by the 50-period moving average. If it closes above the resistance of 0.7500, the doors will be open towards the next resistance of 0.7550. On the flip side, if it falls to the 50-period moving average of 0.7400, it’s likely to pull back and turn to the upside. 

AUDUSDH4.png

TRADE NOW

 

Similar

USD Holds the Line
USD Holds the Line

The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now. 

US Dollar Prepares for the Pump
US Dollar Prepares for the Pump

On the H4 timeframe, the US dollar index has formed a bullish falling wedge. At the beginning of the trading session, the price is testing the upper border of this wedge. Thus, in case of a higher-than-expected Core PCE Price Index m/m, the US dollar will skyrocket against other currencies. 

Uptrend in Gold Starts Now
Uptrend in Gold Starts Now

Happy Wednesday, traders! We went through the Internet and found the best news for you, take a look!

Latest news

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

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.

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