What will move the market on August 9-13?

What will move the market on August 9-13?

The week is going to be interesting for traders! Eurozone’s ZEW Economic Sentiment, US Inflation Rate, and OPEC+ meeting will shake the markets. Besides, the earnings season is almost over. Among the last companies to reveal their earnings results for the second quarter will be eBay on August 11 and Walt Disney on August 12. Don’t miss the releases!

Trade ideas

Forex

The most important currency for the Forex market is the US dollar. Thus, traders will await eagerly the US Inflation Rate report on August 11. If inflation is greater than expected, the Fed may taper bond buys sooner than initially thought, and this move in turn will push the USD up. If it is the case, USD/JPY may reach the psychological level of 111.00. Speaking about EUR/USD, the USD looks stronger as the Fed is likely to tighten the policy earlier than the ECB, that’s why the long-term forecast for EUR/USD is mildly bearish.

Stocks

Investors focus on eBay and Disney this week. The stock price of Disney has been at a relatively low level after Black Widow star Scarlett Johansson sued Disney. However, the reopening of its theme parks and cruise lines will help the House of Mouse to grow further. Besides, its Disney+ streaming services are adding tailwinds. It may hit $185.00 if the earnings are strong. The stock of eBay has been falling for the last two weeks, but the better-than-expected Q2 data may help it to recover the losses.

Oil & metals

It will be a crucial week for oil. The OPEC+ alliance will meet on August 12 to decide how much oil countries will pump. The fresh Covid-19 outbreak in China raised concerns as it may lead to the declining oil demand. The last week was tough for oil and if OPEC+ keeps adding more barrels each month, the downtrend may continue. Gold looks weak as well. If the USD stays strong, XAU/USD may move lower towards the $1750 support level.

Risk warning

The following information is not investment advice. Remember that trading is risky. Manage your funds carefully and remember that you can use Take Profit and Stop Loss orders to maximize your gains and limit your losses.

TRADE NOW

Similar

Crucial News For The Following Week
Crucial News For The Following Week

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!

Market Crash Incoming?
Market Crash Incoming?

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.

What Currency Will Overperform?
What Currency Will Overperform?

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.

Latest news

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

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

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera