ONLINE FOREX BROKER
EUR/USD keeps attacking the resistance level of 1.1950. If it finally manages to break it, the way up to the 200-day moving average of 1.200. will be open. On the flip side, the move below the 1.1900 support will press the pair down to Monday’s low of 1.1840.
Gold is moving back and forth between $1770 and $1800. The Fed’s plans to cut bond buys in the coming months lifted the US dollar and thus pressed down gold. The long upper shadows of the last candlesticks signal that bulls (buyers) were trying to push the price higher, but by the end of the session more bears (sellers) appeared and higher prices were rejected. Thus, gold is likely to fall further. The move below the 61.8% Fibonacci retracement level of $1770 will press gold down to the 78.6% Fibo levels of $1735. Resistance levels are $1800 and $1825.
GBP/USD has reversed up from the 1.3900 support. Now it’s getting closer to the 50-period moving average of 1.3950, which it’s unlikely to cross on the first try as it has failed to break it a few times before. Besides, the hawkish Fed and dovish Bank of England are likely to press GBP/USD down. The move below 1.3900 will open the doors to the low of June 22 at 1.3865.
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
On the H4 timeframe, the US dollar index has formed a bullish falling wedge. At the beginning of the trading session, the price is testing the upper border of this wedge. Thus, in case of a higher-than-expected Core PCE Price Index m/m, the US dollar will skyrocket against other currencies.
Happy Wednesday, traders! We went through the Internet and found the best news for you, take a look!
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.
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.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
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.
|
