Market updates on November 14

Market updates on November 14

Key event ahead

Fed Chair Powell Testimony – 17:00 MT time (15:00 GMT)

  • On the H1 chart of the EURUSD, the price has started the day with a drop to 1.0993. After that, it bounced back up and reached 1.1009 making a 16 pips rise. It is a relatively strong push in the upward direction shown only once during the last two weeks. It may be a signal of a strong bullish intention to break an overall falling trend dominant since the beginning of November. The resistance levels may be located at 1.1009 and 1.1015. The bears may watch the support of 1.0993, which is a 4-weeks low so far.

EURUSDH1.png

  • The US dollar has been mostly dropping against the Japanese yen since last Thursday. On the H4 chart of USDJPY, the 108.57 low reached on November 4 may be a support level for the bears to watch as it is being tested. The next support may be located at 108.14. The bulls may place the resistance levels at 108.85 and 109.09.

USDJPYH4.png

  • The New Zealand dollar is on a steady rise after Wednesday’s skyrocketing due to the interest rate by the Reserve Bank of New Zealand being higher than the forecast. On the H1 chart of NZDCAD, the price trades above the new support levels of 0.8472 and 0.8463. If it continues rising, it may have the resistance levels at 0.8488 and 0.8500 on its way.

NZDCADH1.png

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. 

Uptrend in Gold Starts Now
Uptrend in Gold Starts Now

Happy Wednesday, traders! We went through the Internet and found the best news for you, take a look!

Latest news

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