Greatest sale of Bitcoin, markets await US inflation

Greatest sale of Bitcoin, markets await US inflation

Latest news

  • The greatest sale of Bitcoin continues! It has approached the psychological mark of $30,000. The breakout will open the doors to further dips.
  • The traders’ focus remains on Thursday’s report on US inflation, which may push the Federal Reserve to start discussing tapering bond-buying.
  • The oil keeps rallying up. WTI oil surpassed the key level of $70 a barrel as investors believe the recovery from the pandemic will boost oil demand.
  • Pfizer and BioNTech will start vaccine trials on children less than 12 years old. The stock trading opens at 16:30. Check these stocks, they may significantly rise on this positive news!
  • Today, the Bank of Canada will make a statement at 17:00 GMT+3. The BOC was the first one to tighten its policy. This time, most analysts expect the bank won’t make any hawkish moves but may hint at tapering in July.
  • Crude oil inventories will be released at 17:30 GMT+3. Follow the report and keep an eye on oil prices: XBR/USD (Brent oil) and XTI/USD (WTI oil).

Technical outlook

EUR/USD

The most-traded pair in the Forex market is moving inside the descending channel. The move below yesterday’s low of 1.2170 will press the pair down to Monday’s low of 1.2160. On the flip side, if it manages to break above the 50-period moving average of 1.2185, it will rally up further to 1.2200.

EURUSDH4.png

Gold

XAU/USD is trending up but has failed to cross the psychological mark of $1900 so far. If it manages to break the resistance zone of $1900-1910, it may surge to January highs of $1950. Support levels are at the recent lows of $1885 and $1870.

XAUUSDDaily.png

USD/CAD

The Canadian dollar gained after the Bank of Canada cut asset purchases. If the bank hints at more tapering in July Durant today’s meeting, the USD/CAD could fall even more and break the support level of 1.2000. If it does so, the way down to the next round number of 1.1900 will be open. Resistance levels are at the recent highs of 1.2150 and 1.2200.

USDCADDaily.png

Fresh trade ideas for today!

TRADE NOW

Similar

German Ifo Business Climate
German Ifo Business Climate

Germany, the leading economy in the Euro Zone, will reveal one of the key economic indicators – German Ifo Business Climate on September 24 at 11:00 MT time.

Markets Ahead of Fed Meeting
Markets Ahead of Fed Meeting

That day has come, guys! The Fed will hold a meeting at 21:00 GMT+3. It can be a highly impactful event. The markets expect the bank to hint about the timing of tapering. 

Latest news

Turkey has Decreased Interest Rates, But is it a Buy?
Turkey has Decreased Interest Rates, But is it a Buy?

Turkey’s central bank governor was at a crossroads: to hold interest rates and take a risk to be fired like it was for three governors before him, or to comply with the president, to cut rates, and to risk the market. Let’s find out, how to react to the rate cut.

Deposit with your local payment systems

Be on top of your game

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