Market updates on December 3

Market updates on December 3

You will never get bored in the anticipation of the US-China trade deal, as the sides have something to surprise the market all the time. While the major currency pairs have taken advantage of the weak USD, Trump has got something to make us worry. According to his comments, the US-China trade deal may come after the next year’s election.  Together with the fresh tariffs against Brazil and France, these announcements will likely determine the market situation now. Pay attention to the risk-weighted currency pairs.

  • The Australian dollar has strengthened after the RBA kept its interest rate on hold at 0.75%. On H4, AUD/USD broke the 200-period SMA and rose higher to the November resistance levels. The bullish momentum is supported by the weaker USD, too. Upside targets for the pair lie at 0.6863 and 0.6872. However, judging by Stochastic and RSI oscillators, a reversal is likely to happen soon. Stochastic oscillator formed a crossover in the overbought zone, while RSI is moving within this zone. As soon as it crosses the 70th level upside down, it may provide us a selling opportunity. From the downside, the support levels lie at 0.6836 and 0.6825.


  • The kiwi is demonstrating a strong performance, too. NZD/USD is trading at the early August levels and targeting the resistance at 0.6543 on the 4-hour chart. Bulls may try to break this level and target the next resistance at 0.6561. At the same time, the Stochastic and RSI oscillators are overbought here. While RSI is looking down, a stochastic oscillator formed a crossover above 80. That is why we may expect a correction to the 0.6519 level. If this level is broken, the next support will lie at 0.6504.


  • USD/JPY has fallen on the comments by the US President Donald Trump. On H4, the pair has been testing the support at 108.82 (200-period SMA). If the downward momentum continues, the next support will be placed at 108.65. From the upside, keep an eye on the 109.04 and 109.2 levels.



Inflation Risks Return To The Markets
Inflation Risks Return To The Markets

Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!

ECB Key Rate is in Focus
ECB Key Rate is in Focus

ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.

Latest news

Fed’s Rate Pause and UK Inflation Slows
Fed’s Rate Pause and UK Inflation Slows

Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.

Deposit with your local payment systems

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.


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!

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