News to trade on October 9

News to trade on October 9

  • Australian level of business confidence was released today. It increased to 6 from a revised 5 in August. The report contained information about unchanged profitability, employment growth of over 20 thousand jobs per month and stabilization of trading conditions after the August uncertainty around the public policy. The AUD increased after the release of the indicator. However, the strong US dollar did not allow AUD/USD to stick at highs. As a result, the pair started to decline. Up to now, it is trading in the red zone. The pair is falling down to the support at 0.6979. If the USD weakens, the pair can go up to the resistance at 0.7108.


  • Great Britain and the EU continue to struggle with an agreement on Brexit. British authorities announced yesterday they could not reach an agreement with the EU unless the other side would suggest future trade talks. In its turn, the EU is anticipating Britain to make the first step. Up to this moment, GBP/USD is testing the support at 1.3052. The next support is at 1.2980. In case of any positive news concerning the future of Brexit, the price can move upwards. If this scenario happens, the resistance is at 1.31 (100-day MA). Keep an eye on the speech of the UK Brexit secretary Dominic Raab today during the session at the Commons at 15:30 MT time as he may comment on the Irish border solution.


  • The International Monetary Fund (IMF) downgraded the world economic outlook. In particular, it downgraded the forecasts for the economic growth for China and the US due to the trade war. Chinese economy is projected to grow by 6.2% next year, while the US economic growth is forecast at 2.5%. At the same time, the IMF upgraded forecasts for India, Europe and Japan in 2018.
  • Italy’s parliamentary budget office is not sure about the growth targets set by the government. The government plan includes changes to fiscal policy and the target of 1.5% economic growth in 2019. The key focus for today is on the meeting of the Italian finance minister Giovanni Tria with lawmakers on the government fiscal outline. If the budget office rejects the outline, the government will need to either change its targets or to add more valuable reasons why this level of target was chosen. At the moment EUR/USD is declining. The next support is at 1.1446. If Italy suggests reliable solution on the budget problem, the pair can move up to the resistance at 1.1535.


Follow us for more news!


The US Dollar Is Correcting
The US Dollar Is Correcting

Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?

Latest news

The US Dollar May Decline
The US Dollar May Decline

Mester (Fed) says the Fed will have to raise rates again this year. However, the US dollar index shows signs of a short-term decline. Read the full article and learn more!

NFP, Oil, and US Stocks Highlight This Week
NFP, Oil, and US Stocks Highlight This Week

Welcome to the first week of October!  As usual, at the start of the week, we are looking for valuable insights that will bring us profits in trading. Let’s observe the main events. 

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