ONLINE FOREX BROKER
The US dollar has been dipping for the seventh day in a row, while the euro and the pound edged higher.
EUR/USD has approached the resistance of 1.1890, which it has failed to cross several times. Therefore, we can expect the pullback from it, but it shouldn’t be lower than Wednesday’s low of 1.1855. If it manages to break it, the way to the 50-period moving average of 1.1830 will be clear.
The British pound behaves as the euro’s twin. It has approached the key resistance of 1.3300, which it’s likely to fail to cross. The move below the 50-period moving average of 1.3220 will drive the pair lower to the next support of 1.3165.
XAU/USD has bounced off the support of $1 860. The long tails of the candlesticks below its bodies and higher highs mean that the momentum is bullish. So, we can assume the price can rise until it reaches the resistance of $1 882. If it manages to break it, it may jump to $1 900. Support levels are $1 860 and $1 850.
The Australian dollar is edging higher. Since it bounces off the 61.8% Fibonacci level of 0.7260, the doors towards the next 78.6% Fibo level of 0.7325 are open now. The move above it will drive the aussie to the psychological mark of 0.7400. Support levels are 0.7260 and 0.7225.
Follow Canada’s core retail sales at 15:30 MT time!
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.
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.
Happy Wednesday, traders! We went through the Internet and found the best news for you, take a look!
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.
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.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
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.
|
