Monday started with volatility

Monday started with volatility

Geopolitics is currently on all news frontlines. Western nations escalated sanctions on Russia for the invasion of Ukraine. The event involves the key economies of the world, so naturally, it influences the market.

Oil is once again rising. XBR/USD opened with a gap up and is near $100. The conflict will likely keep boosting commodity prices.

XBRUSDDaily.png

The US dollar is perceived as a safe haven in the current situation. That’s why EUR/USD and GBP/USD may remain under pressure. The Eurozone’s economy relies heavily on Russian energy, so traders are worried that it may be hurt. Support for EUR/USD is in the 1.1120/00 area. Resistance is located at 1.1230. 

EURUSDH4.png

The US dollar index also opened with a big bullish gap and is trading at the highest levels since 2020. The US currency failed to overcome the 97.50/97.75 on Thursday and Friday. Notice that the return below 97.00 may lead to a correction. The most important thing now is how the Federal Reserve, the US central bank, reacts to the news. Will the events affect its planned series of interest-rate hikes starting March? The markets now think that the Fed may be less aggressive and may raise rates by just 6 times in 2022.

UsDollarDaily.png

Gold is a traditional safe haven. We can see that the price of the yellow metal is volatile. After testing highs at $1928, XAU/USD subsided. The key support is around $1900.

XAUUSDH4.png

TRADE NOW

Similar

What to Trade on August 29 - September 2?
What to Trade on August 29 - September 2?

Last week several important economic updates influenced the Forex market. US preliminary GDP fell less than expected (0.6% actual vs. 0.7% forecast). Below you will find the key events to trade on during the week from August 29 to September 2.

An index that will rock USD
An index that will rock USD

The United States will publish the ISM Non-Manufacturing PMI on Thursday, January 6, at 17:00 GMT+2 (MetaTrader time).

Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

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