Don’t waste your time – keep track of how NFP affects the US dollar!

Thank you for visiting our website

The ASIC policy prohibits us from providing services to clients in this region. Are you already registered with FBS and want to continue working in your Personal area?

Personal area

Facebook like

Dollar is firmer, reflation bets climb

Dollar is firmer, reflation bets climb

Updated

2021_02_08_15_44_55_Template1_Autosaved_PowerPoint.png

EURUSDM30.png

2021_02_08_15_46_55_Template1_Autosaved_PowerPoint.png

EURJPYM30.png

Ichimoku Kinko Hyo

CAD/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.

CADJPYM30.png

Fibonacci Levels

XAU/USD: Gold after further weakness is trading below the 23.6% retracement area.

XAUUSDH4.png

US Market View

The US is ready for “extreme competition” with China over the next four years, President Joe Biden said this weekend. In an interview with CBS, Biden appeared to suggest that US policy toward China will be less confrontational than under his predecessor but will not differ significantly in its aims.

US stock markets are set for a run at new record highs on Monday, against a backdrop of an improving public health picture and the steady progress of President Biden’s $1.9 stimulus package. New infections of Covid-19 fell to under 100 000 for the first time in nearly three months at the weekend, while the strain on hospital capacity also eased further, with only 81 000 admissions, its lowest since late November. On the downside, AstraZeneca reported its vaccine had limited efficacy against the new variant of the virus first identified in South Africa.

Crude oil prices hit $60 a barrel for the first time in a year, as part of a multi-faceted rally in risk assets across global markets. Prices were supported by Biden’s tough-sounding words on Iran, which took the edge off fears for a quick resumption and ramp-up of Iranian oil exports.

USA Key Point

  • The USD is the strongest and the GBP is the weakest.
  • Bitcoin soars to a fresh all-time high on Tesla investment.
  • Merkel: Virus infections must come down for another two more weeks.
  • The cable retreats below 1.3700 on firmer dollar, tests key near-term level.

TRADE NOW

Deposit with your local payment systems

Got questions? FBS Oceania Customer Support is ready to help!

Contact us via email at support@fbsaustralia.com