Main Market Trends on September 23

Main Market Trends on September 23

Latest news

  • It has finally happened! Fed Chair Powell claimed the US central bank can start tapering already this November and complete the process by mid-2022. As a result, EUR/USD dropped by 227 points as the USD strengthened. Today, EUR/USD has already recovered those losses.
  • The US Food and Drug Administration is going to authorize a third dose of the Pfizer-BioNTech Covid-19 vaccine for people over 65. It can push the stocks of Pfizer and BioNTech up. Remember that the US stock market opens at 16:30 GMT+3.
  • The market remains cautious because of the financial problems of China’s Evergrande. It is close to collapse with more than $300 billion in liabilities, leaving 1.5 million buyers waiting for finished homes.
  • The calendar is full of economic events today. Canada’s retail sales, PMI reports from the EU, UK, and USA. Besides, the Bank of England holds a meeting today at 14:00 GMT+3. It will be a busy day!

Tech outlook

XBR/USD (Brent oil) has sharply rocketed to the highs unseen since the middle of June! The move above the psychological level of $76.00 will push the crude oil to the high of June 5 at $77.00. Support levels are the low of September 20 at $73.00 and the intersection of the 50- and 100-day moving averages of $71.50.

XBRUSDDaily.png

There are really interesting movements in the GBP/USD chart. The pair has failed to break through the support level of 1.3600 three times and has reversed up again. It may reach the resistance level of 1.3700. The breakout above this level will open the doors to the next round number of 1.3750. Support levels are 1.3600 and 1.3500. Follow the Bank of England's meeting today and keep an eye on GBP/USD!

GBPUSDDaily.png

The Canadian dollar has gained from the rising oil prices. As a result, USD/CAD has reversed down from the strong resistance level of 1.2850. It’s likely to reach the 50-day moving average of 1.2600. The lower line of the channel can stop the pair from falling further.

 USDCADDaily.png

TRADE NOW

Similar

USD Holds the Line
USD Holds the Line

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. 

US Dollar Prepares for the Pump
US Dollar Prepares for the Pump

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. 

Latest news

Increased Volatility is Coming
Increased Volatility is Coming

The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.

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.

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