News to trade on December 19

News to trade on December 19

    • The main focus for the market for today will be on the Federal open market committee statement and on the press conference at 21:00 MT (19:00 GMT) time. The Federal Reserve is expected to deliver the 4th rate hike. If the Fed is hawkish, EUR/USD will fall to the support at 1.1338.

    However, some of the analysts afraid of the possible dovish tone by the Fed amid the global economic slowdown. If the Fed Chair Powell delivers dovish comments, EUR/USD will stick above the resistance at 1.1408.


    • According to the news, the British Prime Minister Theresa May agreed to implement the plans for a no-deal Brexit. Further warnings to Great Britain will be announced in the coming weeks. At the moment, GBP/USD has continued its modest gains towards the resistance at 1.27. Any positive updates on the Brexit solution will support the British pound and push it further up to the 1.27 level. Otherwise, if the news on Brexit disappoints investors and traders, the British currency will fall towards the support at 1.2605.


    • New Zealand anticipates the release of GDP for the third quarter. Experts see the economy of New Zealand to grow by 0.6%. If the actual data is higher, the kiwi will rise towards the resistance at 0.6876. The lower-than-expected data will pull the kiwi down to the support at 0.6826.


    • The oil prices keep moving down driven by Russian and US high supply forecasts. Russian oil production hit a record 11.42 million barrels this month, while the level of oil production in 7 US shale basins is expected to climb to more than 8 million barrels by the end of 2018. As a result, the price for WTI updated its August 2017 lows and stick below the $47 level yesterday. More concerns on the oversupply will pull the crude’s price towards the support at $45.76. If more hints on the production cut by OPEC+, scheduled for the next month come out, the price for WTI will stick above the resistance at $47.02. The next resistance is placed at $48.68.


    • As for Brent, its price tested the support at $55.96. If it’s broken, bears will focus on the next support at $55.12. If the price for Brent gets a positive momentum, it will rise towards the resistance at $57.65.


    • The gold has been going up due to the weak US dollar. If the USD is not supported by the Fed statement, the price for the yellow metal will rise towards the resistance at $1,258. In case of the strong USD, the price for gold will stick below the support at $1,248.


    Follow us for more news!


    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. 

    Latest news

    Increased Volatility is Coming
    Increased Volatility is Coming

    The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.

    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.


    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