
Last week was full of surprises! The US dollar plunged despite a better-than-expected retail sales report…
USD/JPY is moving inside the ascending channel. The pair is getting closer to the lower trend line at 109.00, which it will struggle to cross. Thus, we might expect a reverse up from the support zone of 108.80-109.00. On the way up, the pair may meet the resistance levels at the 100- and 50- day moving averages of 109.60 and 110.00.
Let’s look at gold. It has broken through the 23.6% Fibonacci retracement level of $1770 but retraced to it. It should be just a natural sell-off after the breakout. Gold may rally up further to the 100-day moving average of $1805 and the next Fibo level of $1825.
EUR/USD has reversed down from the resistance level of 1.1800. If it drops below the late July lows of 1.1750, the pair may fall to the low of August 11 at 1.1700. On the flip side, if the pair manages to break 1.1800, the pair may jump to the 50-day moving average of 1.1870.
Last week was full of surprises! The US dollar plunged despite a better-than-expected retail sales report…
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?
The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on July 8, at 15:30 MT time.
The Federal Open Market Committee, a committee within the Federal Reserve, will reveal a detailed record of the central bank’s last meeting on July 6 at 21:00 MT.
The Reserve Bank of Australia will announce its cash rate and make a statement about future rate policy on Tuesday, July 5, at 07:30 MT.
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!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.