Don’t waste your time – keep track of how NFP affects the US dollar!
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We sent out a signal yesterday to long EUR/USD between 1.1765 and 1.1750 with a stop at 1.1725. Unfortunately, the euro ended up the day at a 1.17 support area, triggering our stop loss. Such move comes despite the negative US retail sales data, which came in worse than expected, while all the prior data has been revised higher, which triggered a stronger USD. However, EUR/USD is holding well above 1.17, with a possible double bottom on the daily chart. Therefore, another long position at 1.1710 is worth the risk, with a stop at 1.1685, targeting 1.1748 followed by 1.1760 for now.
We have outlooked several promising Forex pairs and the result can surprise you!
In this article, we will discuss oil, gold, EUR/USD, Bitcoin movements during the past week and try to find short- and long-term trading opportunities…
USD/JPY declined further during yesterday’s trading, reaching as low as 109.36, while our short signal from 110.20 is still active and is giving us over 80 pips.
Shares declined by about 7% in the extended trading after the results were released. It marked the first time Amazon had missed quarterly sales estimates since 2018.
Apple, your favorite phone maker and one of the biggest tech companies, which capitalization has recently reached $3 trillion, will post its earnings today at 23:30 GMT+2.
For a long time, US Federal Reserve printed trillions of dollars to support the economy. But in the light of the highest inflation in almost 40 years, the stream of stimulus tends to shrink.
What is happening? In December 2021, the main question on global markets was: “When will the FED increase the key rate?” Traders and investors were transferring their capitals into USDs, waiting for the great dump worldwide…