
Last week was full of surprises! The US dollar plunged despite a better-than-expected retail sales report…
EUR/USD is moving in a downtrend in the long term, but the short-term trend is upward. Today, the ECB meeting may increase the volatility. If the price manages to cross the recent high of 1.2080, it may rally up to the next resistance of 1.2175, which lies at January-February highs. However, if it crosses the support of 1.2000, it may fall to the low of April 19 at 1.1960.
Gold has broken through the resistance of $1790 and retraced to it. It should be just a natural sell-off after the breakout. Thus, gold may rally up further to the late February highs of $1815. However, if it drops below $1790, it may fall to yesterday’s low of $1775.
USD/CAD is steadily moving down in the long term. Yesterday, the hawkish move of the Bank of Canada underpinned the CAD and thus pushed USD/CAD down. If it manages to drop below the recent low of 1.2475, it may fall to the low of March 16 at 1.2435. The upside is limited moving averages at 1.2537 and 1.2555.
Finally, let’s discuss USD/JPY. It has failed to cross the middle line of Bollinger Bands several times already. Thus, we might expect that this will happen again and the price reverses down from 108.15. But if it manages to cross it, the way up to the upper trend line of 108.50 will be open. If it breaks the lower line of Bollinger Bands at 107.85, the way down to the next round number of 107.50 will be open.
Last week was full of surprises! The US dollar plunged despite a better-than-expected retail sales report…
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).
The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 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.