Forex today: gold, AUD/USD, and USD/JPY

Forex today: gold, AUD/USD, and USD/JPY

Latest news

  • Both China and the USA published encouraging numbers. China’s Caixin Services PMI beat all expectations. It rose to 54.3, while the forecast was 52.2. US ISM Services PMI jumped to 63.7, while analysts anticipated 58.3.
  • The Reserve Bank of Australia, as expected, kept its policy unchanged. The central bank’s tone was optimistic as Australia’s economic recovery is faster than expected. As a result, AUD/USD modestly rose, but then lost its steam and dropped.
  • Gold lifted up as US real yields dropped for the third time in four sessions. As a rule, falling yields push the USD down and gold up. But still gold should break above $1750 to rally up further.
  • Google (Alphabet) was blamed for copyright violation as it used Oracle’s programming code, but all the charges were dropped. Thus, Google surged.
  • Tesla jumped yesterday above $700 for the first time since mid-March as it had published better-than-expected car deliveries. However, it closed in red.

Technical analysis

The euro keeps weakening amid the poor vaccination rollout in Euro Area. EUR/USD is edging lower to the 50-period moving average at 1.1760. If it manages to break it, the way down to the key psychological mark of 1.1700 will be open. On the flip side, if it breaks through the 100-period moving average of 1.1835, it may jump to the next round number of 1.1900.

EURUSDH4.png

AUD/USD has bounced off the resistance of 0.7660. It’s moving down to the low of April 2 at 0.7600. If it breaks it, the way down to the low of April 1 at 0.7540 will be open. On the flip side, the breakout above 0.7660 will drive the pair to the upper trend line at 0.7700, which it’s unlikely to cross on the first try.  

AUDUSDH4.png

Gold is rising! It’s getting closer to the recent high of $1750. If it manages to cross it, the way up to the 50-day moving average of $1765 will be clear and then to $1810 at the 100-day moving average, if bulls keep momentum. However, it’s hard to believe that gold may rally so high as the overall trend is down. If the price breaks through the support of $1700, the way down to the low of March 30 at $1680 will be open.

XAUUSDH4.png

Finally, let’s discuss USD/JPY. It has bounced off the 50-period moving average of 110.00. The breakout above 110.70 will drive the pair up to March highs of 111.00. Support levels are 110.00 and 109.50.

USDJPYH4.png

TRADE NOW

Similar

Crucial News For The Following Week
Crucial News For The Following Week

Consumer Price Index, Existing Home Sales, US Fed rate decision - all of these things we will discuss in our new review. Don't miss it out!

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.

Latest news

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