Daily News: Monday is calm

Daily News: Monday is calm

  • On Friday, the US dollar index couldn’t break the psychological level at $95, so it fell. Up to now, it’s trading above $94.50. However, as the index couldn’t break above $95, there is a possibility of the further fall. No important economic data are anticipated today. However, two FOMC members will give speeches today (20:00 MT time and 23:00 MT time). Comments on the monetary policy are anticipated. If they are hawkish, the index will rise, otherwise, the fall to $94 may be anticipated.
  • The euro is trying to recover after the significant fall on last Thursday. EUR/USD is trading near 1.16. No important economic data will be released today. However, ECB president Mr. Draghi will give a speech at the ECB Forum on Central Banking (20:30 MT time). If he gives any clues on the monetary policy, the euro will react. More hawkish clues, the euro will be able to move to the resistance at 1.1670. Otherwise, the pair may move to the support at 1.1480.


  • USD/JPY continues to trade within 110.20-110.85. Up to now, the pair is moving down. Analysts link the earthquake in Japan with the appreciation of the Japanese yen (Japanese insurers will sell offshore assets to fund payments on claims for damage). The support still lies at 110.20 (200-day MA).


  • Oil strongly plunged on Friday. Brent closed at $73, WTI appeared to be near $64.30. On Monday, oil is trying to recover. Brent is climbing above $73, however, the trading isn’t extensive. On the weekly chart, the 100-week MA is crossing the 200-week MA bottom up. It’s a positive sign for Brent. The resistance is at $74.40. The support is at $71.70.


WTI is trying to recover as well. The oil benchmark is moving to the resistance at $65.20. If it’s able to break it, the further rise is anticipated. The support is at $63.30.


The further movement will mostly depend on crude oil inventories data (at 17:30 on June 20) and the OPEC meeting on June 22.

It’s worth reminding that Russia and Saudi Arabia announced their willingness to increase an oil production. However, other participants of the cuts agreement aren’t ready to do that. Iran's representative to the bloc said "If the Kingdom of Saudi Arabia and Russia want to increase production, this requires unanimity. If the two want to act alone, that's a breach of the cooperation agreement." It seems like there are misunderstandings between allies.

  • A bad forecast for Bitcoin. The Bank of International Settlements (BIS): “Cryptocurrencies are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them. The cryptocurrencies can disappear because of the fragility of the decentralized networks on which cryptocurrencies depend”. What about a technical side? Bitcoin is stuck within $6,000-$6,500. A great movement is not anticipated today. A break of the support at $6,000 will be dramatic for Bitcoin. If the cryptocurrency is able to break the resistance at $6,500, there are odds of the upward movement.


That is all for today. Follow markets news with us!


Gold Rises as Central Banks Buy More
Gold Rises as Central Banks Buy More

About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.

US Evades Default This Time
US Evades Default This Time

Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!

USD Gains Momentum
USD Gains Momentum

The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!

Latest news

No More US Debts in Sight
No More US Debts in Sight

The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.

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