
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!
A new week will be interesting as we await Central Banks Meetings, more earnings reports, and NFP. Let's review the main headlines for this Monday as we prepare for volatile days ahead!
15:45 GMT+2, US Chicago PMI
Data released on Monday showed that the Chinese Manufacturing PMI dropped to 49.2 (vs. 49.9 expected), while the Non-Manufacturing PMI fell to 48.7 (vs. the forecast of 50.2). Also, rising Covid-19 cases from numerous outbreaks across China resulted in tightening local curbs and lockdowns and even the closure of Disney’s Shanghai resort. Another factor that weakened Chinese assets was Hong Kong’s GDP slowdown. According to advance estimates, it plunged 4.5% in the July-to-September period from a year earlier.
China’s HK50 dropped below the 15 000 level and moved closer to the support at 14 000.
Meanwhile, USDCNH has regained its strength, targeting the recent high at 7.33. The next high at 7.37 will be tested if this level is broken.
Good luck in trading! For more market updates, follow FBS Telegram Channel.
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!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
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.
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.
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.