
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
The week is over and now it is time to underline how successful it was. Below we gathered the best and the worst performers of the week and the most volatile pairs .
Among the best performers, we can mention USD/MXN and USD/CNH. While the first pair has managed to gain around 2000 pips in a week recovering from the losses of September 2018, the USD/CNH showed a solid gain of more than 700 pips. Of course, the weakening of the Chinese yuan is strictly connected with the fears surrounding coronavirus in China.
Among major currency pairs, we can name USD/CAD as the strong performer during this week. The pair rose on the weaker oil prices above the 200-week SMA and tested the 100-week SMA at 1.3160. The pair has strengthened by more than 100 pips.
The worst performers, of course, were the pairs with the JPY as a quote currency. This is due the risk-off sentiment, which traders to invest in the safe-haven assets. Here we can mention USD/JPY. The pair went down from 110.07 to 109.27 after the previous two weeks of gains.
Also among the losers we can name AUD/USD and EUR/USD. Both pair have been having tough weeks.
The award for the most volatile currency pair goes to USD/ZAR. On the daily chart, the pair could not stick above the 50-day SMA after the test of 200-day SMA at 14.5660 and fell towards the 14.3050 level. However, bulls did not give up their attempts to push the pair higher, as a result the pair has retested 14.47 on Friday.
GBP/USD also showed a mixed performance between the support at 1.3 and the resistance at 1.3175.
What changes will we see during the upcoming week? Let’s wait and see. All you need to do is follow our news and
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release. Read more details here.
Last week several important economic updates influenced the Forex market. US preliminary GDP fell less than expected (0.6% actual vs. 0.7% forecast). Below you will find the key events to trade on during the week from August 29 to September 2.
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.
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.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
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.