
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
The main market tendency today is that the US dollar is rising against its major peers and riskier assets such as stocks and oil are plummeting. Notably, it’s the fourth day of gains for the USD. Why is this happening?
EUR/USD steeply tumbled. The 200-period moving average at 1.2140 stopped the pair from further falling. If it manages to break it, the way down to the next support of 1.2110 will be clear. In the opposite scenario, the breakout above the psychological mark of 1.2200 will drive the pair up to the 100-period moving average of 1.2240.
Let’s look at the US stock benchmark. S&P 500 is moving sideways. The move above the 50-period moving average of 3 800 will drive the stock index to yesterday’s high of 3 806. On the flip side, the move below the recent lows of 3 790 will press S&P down to the next support of 3 780.
GBP/USD is trading in an ascending channel. If the pair jumps above the 50-period moving average of 1.3590, the doors towards the next resistance of 1.3660 will be open. In opposite, if the pound drops below the 200-period MA, it may dip to the lower trend line at 1.3350.
Finally, let’s talk about gold. It has been moving in a descending channel since August. If the gold price closes above the 50-day MA of $1 870, it will rise to the key psychological mark of $1 900. Otherwise, if it manages to break through the support of the 200-day MA at $1 835, it may drop to $1 800.
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
Considering current Treasury yield spreads, the chance of a recession is now nearly 99.3% - 100%. Read the full report to learn more!
It’s Wednesday, the froggy day for the whole internet. Here’s news that moves the market:
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
Some progress in US debt ceiling talks is made, and the PMI data is out.
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.