Online Forex broker
A lot of news came out that may impact the market. It’s surely not the time to rely only on technical analysis!
EUR/USD is aggressively moving upwards. It has broken through the key resistance of 1.2000 and approached the next barrier of 1.2100, which is a round number and also the peak of the 2017 year. If it manages to cross it, the way up to the 1.2150 will be clear. On the flip side, the move below the key support of 1.2000 will drive the pair to the 50-period moving average of 1.1925.
XAU/USD moved to the upside, but its growth was limited by the 50-period moving average of $1 815. If it manages to break through this resistance, it may jump to the 100-period moving average of $1 845. In case of falling, the pair will meet the strong support of the 200-day moving average at $1 800, and it’s likely to pull back from it. The breakout of this level will lead gold to the next support of $1 770.
The Australian dollar was underpinned by the better-than-expected GDP. If it breaks through Monday’s high of 0.7400 the way up to 0.7450 will be open. Support levels are at the recent lows of 0.7350 and 0.7325.
USD/CNH is moving back and forth inside of the horizontal corridor. Since it has touched the bottom and candlesticks have formed longer lower tails, we can expect the move up. On the way to the top of the range, it may meet the resistance of the 50-period moving average at 6.5700. Support levels are 6.5450 and 6.5350.
Follow the US ADP report at 15:15 MT time and the speech of Jerome Powell at 17:00 MT time.
The Fed is ready to start tapering in November. Since the markets were expecting this and it wasn’t a surprise, the USD slumped allowing risk-on currencies and gold to rally up.
US Retail Sales will be out on October 15 at 15:30 MetaTrader time (GMT+3).
Australia will release employment change and an unemployment rate on Thursday, October 14, at 03:30 MT (GMT+3).
The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).
The United States will release the weekly Unemployment Claims on October 21, at 15:30 MT time (GMT+3).
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.
|
