Market updates on November 11

Market updates on November 11

Key events ahead:

British preliminary GDP growth rate – 11:30 MT time

British balance of trade – 11:30 MT time

  • Friday’s trading session pulled the British pound against the USD down towards the 1.2770 level on H4. Today GBP/USD is awaiting the release of British GDP growth rate and balance of trade, which may potentially affect the pair. If the release supports the British pound, the cable will break the first resistance at 1.2802. After that, bulls will target the next level at 1.2831. The weak release may help bears to retest Friday’s lows at 1.2770. In case of a breakout, bears will target the 1.2738 level.


  • The price of gold inched higher on the mixed news about US-China trade talks. The conflicting opinions came from the White House trade advisor Peter Navarro and US President Donald Trump. While Mr. Navarro said that the cancellation of tariffs is not in the phase one trade agreement, the president shared his opinion that talks were “moving along nicely”. The price of the yellow metal has risen higher. On H4, the next resistance will be placed at $1,471. If the risk sentiment is on, XAU/USD will fall below the $1,462 level towards the possible retest of the $1,457 level.


  • As the risk sentiment faded, USD/JPY fell down, too. The pair has slid below the 109 level with bears focusing on the support at 108.81. The upside momentum is limited by the 109.02 level. If this level is broken, the next resistance will lie at 109.22.



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.

What Will the Fed Decide?
What Will the Fed Decide?

The Fed is going to take a decision about the interest rate. This is the crucial news for the following week. What's going on in the markets and what to expect?

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