
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
On Wednesday, the evergreen buck declined, while the UK pound rallied in Asia because British Prime Minister Theresa May told that she’d ask the European bloc for an extension of the Brexit deadline.
As a matter of fact, the currency pair GBP/USD jumped by 0.2% hitting 1.3136.
Fears over a no-deal Brexit receded after May proposed cross-party negotiations with Jeremy Corbyn, the leader of opposition in order to break the Brexit logjam.
May emphasized that the extension would be as short as possible, probably before May 22, in order to set Britain free from participating in EU elections.
Besides this, the USD index tracking the US currency versus a group of other peers went down by 0.2% ending up with 96.768 against the backdrop of a deceleration in durable goods spending.
Furthermore, durable goods orders went down for the first time for three months, as data on Tuesday revealed, contributing to signs that the deceleration in the American economy at the end of 2018 could extend.
The currency pair AUD/USD tacked on by 0.4% being worth 0.7097. Eventually, on Tuesday, the Reserve Bank of Australia left interest rates on hold at 1.5% exactly as anticipated. In a statement, Australia’s major financial institution kept describing the outlook for household spending as an area of uncertainty for the Australian economy.
Previously, the Australian Bureau of Statistics informed that Australia’s retail sales headed north by 0.8% in February month-on-month, which appears to be the fastest tempo since November 2017, confounding hopes for a smaller leap of 0.3%.
Furthermore, data also revealed that trade surplus tacked on to an all-time maximum.
The currency pair USD/CNY declined by 0.2%.
Besides this, the currency pair USD/JPY hit 111.48, rallied by 0.2%.
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
We prepared an outlook of major events of this week. Check it and be ready!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
Welcome to the first week of October! As usual, at the start of the week, we are looking for valuable insights that will bring us profits in trading. Let’s observe the main events.
Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!
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!