
Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!
EUR/USD has just crossed the psychological level of 1.2000. This breakout will drive the pair down to the intersection of the 50- and 200- moving averages at 1.1950, where the falling should stop. On the other hand, the jump above Monday’s high of 1.2075 will drive the pair to the upper trend line of 1.2125.
NZD/USD is trending up inside the ascending channel. If t manages to break April’s high of 0.7300, it may rally up further to the next round number of 0.7500. On the flip side, if it drops below the lower trend line at 0.7100, it may fall to the psychological level of 0.7000. This scenario is the least possible as it has failed to cross this support line for over a year.
AUD/USD has been moving sideways between 0.7700 and 0.7800. Thus, this time it’s likely to bounce off the 0.7700 support again. If this is right, on the way up the pair will meet the resistance at Mondays’ high of 0.7760.
Finally, let’s discuss crude oil on the example of XBR/USD (UK Brent oil). If it manages to break above the $70.00 milestone, the way up to $75.00 will be open. However, it’s unlikely to rally for so long as on the weekly chart, the RSI indicator has approached the 70.00 level, signaling the asset is overbought. Therefore, we might expect the reverse down from $70.00. On the way down, the oil may struggle to cross support levels at the recent low of $65.00 and the 200-weekly moving average of $60.00.
Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!
ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
The Fed is going to take a decision about the interest rate. This is the crucial news for the following week. What's going on in the markets and what to expect?
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%.
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.
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