
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.
EUR/USD is sharply falling. It gets closer to the psychological mark of 1.1700. It may struggle to cross it on the first try as it has failed to break it in March. However, if it manages to break it, it will drop the November lows of 1.1600 – just above the 200-week moving average. The 200-week MA may stop the pair from further falling. Resistance levels are the psychological mark of 1.1800 and the high of August 4 at 1.1900.
Gold has reversed up from the $1730 support level which lies at the 100-week moving average. The jump above the high of late June at $1780 will push the pair to the 100-day moving average of $1800. On the flip side, the move below $1730 will press down to the recent low of $1680.
Our forecast was right and USD/JPY is edging higher to the psychological mark of 111.00. The breakout above it will push the pair up to the high of July 2 at 111.50. However, we should be ready for a pullback from 111.00 at first. Support levels are 110.50 and the 50-day moving average of 110.00.
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.
Credit Suisse's collapse is in focus. What are the consequences of this problem? Let's discuss it here.
Consumer Price Index, Existing Home Sales, US Fed rate decision - all of these things we will discuss in our new review. Don't miss it out!
The RBA and the Bank of Canada will add volatility to the AUD and the CAD, while USD is expected to be boosted by the Non-farm payrolls.
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.