Market updates on August 26

Market updates on August 26

Key events ahead:

US core durable goods orders – 15:30 MT (12:30 GMT) time

The escalation of the trade war between the US and China has shaken the markets a lot. On Friday, China announced additional tariffs on $75 billion of American goods, including soybeans, automobiles, and oil. It did not take a long time for US President Donald Trump to respond as the US administration hit back with more tariffs on Chinese imports afterward and called for American companies to exit China's market. The risk-weighted currencies fell after the market opened, but managed to take back their positions on the comments that China wants to resolve the trade dispute with the US.

  • AUD/USD tested the 0.6688 level but rebounded to the resistance at 0.6760. If bulls manage to break this level, the next resistance will lie at 0.6776. On the other hand, if the risk sentiment fades again, the pair will retest the 0.6688 level. The next support will lie at 0.6677.


  • USD/JPY slid below the 104.73 level on H4 but immediately rebounded upwards to the resistance level at 106.03. In case of a breakout of this level, pay attention to the next key resistance at 106.23, which lies close to the crossover of 50- and 100- period SMAs. From the downside, it is recommended to pay attention to the 105.05 level. If the Japanese yen retest it, the chance of the fall to the lowest levels since January's flash crash at 104.73 will increase.


  • Gold gapped up to its highest levels since 2013. The yellow metal has tested the highs at $1,555. Softer risk sentiment pulled it lower to the support at $1,525. The next key support for the price of gold will be placed at $1,508.8 (50-period SMA). However, as traders remain cautious today, it is recommended to keep an eye on the $1,555 level, which may be retested if risk-off sentiment increases.


  • USD/CNH jumped to the fresh highs at 7.17 on the escalation of the trade conflict between the US and China. If the pair reverses, the first support at 7.0917 will be in focus. Bulls, on the other hand, will be looking for a retest of the 7.17 level.


  • USD/TRY has risen from 5.7553 to 6.2850 during the flash crash, which occurred at the Asian trading session. It happened due to the Japanese investors who cut risk assets. The price immediately returned close to the 5.8066 level, which currently serves as a resistance for the pair. From the downside, the first support lies at 5.7325.



USD starts the week with gains
USD starts the week with gains

Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.

Latest news

USD strengthened as optimism waned
USD strengthened as optimism waned

The market optimism waned amid stricter restrictions to control rising coronavirus infections. S&P 500 and Nasdaq dropped from the all-time highs, while the USD jumped higher.

Stocks up, USD down
Stocks up, USD down

S&P 500 skyrocketed to the all-time high on optimism that Biden’s fiscal stimulus will support economic growth and boost corporate earnings.

Deposit with your local payment systems

Learn more

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.


Manager will call your number

Correct number

Your request is accepted

Manager will call your number

Next callback request for this phone number
will be available in {time}

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