
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
EUR/USD is moving inside the descending channel. The pair keeps attacking the 1.1800 resistance level but to no avail. Besides, the trendline and the 50-period moving average are strong barriers which the pair will struggle to break. Thus, we might expect a reverse down from the current levels. On the way down, EUR/USD may meet support levels at 1.1770 and 1.1750.
XAU/USD has reversed up after touching the 100-day moving average of $1795. The chain of long lower tails tells us that the price was rejected at the support zone of $1790-1795. Thus, we might expect gold to rise to the 38.2% Fibonacci retracement level of $1815 today, but the current momentum is weak and we should wait for some time. In the opposite scenario, if gold breaks below the support zone of $1790-1795, it will fall to the next round number of $1775.
It’s a really interesting movement in the AUD/USD pair. The pair has reversed up from the 0.7300 support level and the last two green candles signal us that the bullish momentum is strong and the rally up may continue till 0.7400. If the pair manages to break it, it may jump to the high of July 16 at 0.7440.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
US stock markets started falling, while the US dollar is rising. What to expect from
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
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%.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
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!