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  • Main market news on September 11 – FBS

    The market sentiment is mixed, but still, there are some interesting movements. Let’s have a closer look. Fundamentals US-China tensions have deteriorated after the USA canceled visas for 1 000 Chinese citizens. Besides, Donald Trump claimed that he wouldn’t prolong the deadline for Chinese company ByteDance to sell TikTok’s US assets. Yesterday the ECB held a meeting, during ...
  • Retail data for Canada is an opportunity for the CAD – FBS

    Canada will announce the Canadian retail sales and core retail sales on August 21, at 15:30 MT time Instruments to trade: USD/CAD, CAD/JPY, EUR/CAD The indicator of retail sales shows the change in the total value of sales at the retail level. The core version of this indicator is almost the same but without automobile sales. Last ...
  • Eyes on US retail sales – FBS

    Follow the report on August 14 at 15:30 MT time! Instruments to trade: EUR/USD, GBP/USD, USD/JPY This report is especially significant for traders as it concerns the US dollar – the most traded currency in Forex market. Therefore, it will influence the whole market sentiment. Moreover, it’s the primary measure of consumer spending, which, in turn, reveals ...
  • Big day for USD – FBS

    The US NFP will be published on August 7 at 15:30 MT time. Instruments to trade: EUR/USD, USD/JPY, GBP/USD Needless to say, the NFP is the most important economic indicator for all traders. It’s a widely awaited event because it creates the huge market volatility. Therefore, traders have a quite rare opportunity to see really enormous price ...
  • How to trade on August 4? – FBS

    Fundamentals The current slowdown in new virus cases in the USA improved the market sentiment. Nasdaq surged to fresh highs. Disputes between republicans and democrats over the US fiscal stimulus weighed on the greenback. In fact, unemployment benefits expired last week. Also, Sino-American tensions are escalating. The US offered China two choices. China may sell TikTok’s operations ...
  • The US labor market is in focus again – FBS

    The United States will publish a weekly update on unemployment claims on July 9, at 15:30 MT time. Instruments to trade: EUR/USD, USD/JPY, GBP/USD Once a week, the US Department of Labor publishes how many people filed for unemployment insurance. This is the most recent update on the employment data in the United States. Despite quite optimistic ...
  • How to trade on July 7? – FBS

    Main fundamentals The market sentiment deteriorated today amid increasing new virus cases in the USA and Australia. Investors prefer safe-haven assets like gold, the US dollar and the Japanese yen. Stocks and riskier currencies are loosening. The US PMI came yesterday better than expected. It turned out 57.1, while the forecast was 50.0. It marked the industry expansion and gave an ...
  • What drives the market on July 1? – FBS

    The market sentiment is mixed. Let’s look at most interesting movements on the market today. Fundamental factors The Fed’s chairman Jerome Powell claimed yesterday that the US economy entered the new phase of economic recovery sooner than expected. Encouraging US data proved that the USA is moving forward to the V-shaped recovery. US consumer confidence showed yesterday the largest increase since late ...
  • Nike stock: a gap down is in focus – FBS

    Despite analysts’ optimistic anticipation of positive Nike’s earnings, the sneaker maker did not excite the market with its fourth-quarter results. Even the rise in online sales could not save the company amid the coronavirus pandemic.  As a result, after the market close on Thursday we saw the following figures: EPS= -0.51 (vs. 0.09 expected). Compared to the ...
  • How to trade on June 23? – FBS

    Fundamental factors Trump’s adviser Peter Navarro roiled the market. He said that the US-China trade deal is over during the interview by Fox News. Stock dropped Later, the US president calmed the market’s participants down. The phase one agreement of the trade deal is enforceable. Both sides officially claimed that they intend to stick to the deal. That ...
  • Main market news on June 5 – FBS

    UR surged after ECB statement Yesterday the European Central Bank decided to expand asset purchases by 600 billion euros to 1.35 trillion euros and extended them until the end of June 2021. That was much more than analysts anticipated. EUR/USD skyrocketed after that statement. Now the price is headed to the March high at 1.1450. Support ...
  • How will USD react to NFP amid coronavirus? – FBS

    The US NFP will be reported on Friday, June 5, at 15:30 MT time. Instruments to trade: EUR/USD, USD/JPY, GBP/USD NFP is the essential indicator that depicts the US economic health. It is released shortly after the month ends. It’s a must-see for every trader as most times it has a huge impact on the market. There ...
  • Catch these risk-on movements on June 3 – FBS

    EUR and risky currencies, stocks and oil prices surged on prospect for reopening. Stocks gain, USD dropped It looks like investors turned a blind eye to the US-China trade war. By the way, violent protests have increased in most American cities after Donald Trump promised to deploy military troops to stop them. Nevertheless, the market is mainly ...
  • What to trade on June 2? – FBS

    The day started with a fresh data from Australia. The Reserve Bank of Australia set a cash rate unchanged. Also, RBA’s governor Philip Lowe was quite optimistic about the future economic recovery. He said: “it is possible that the depth of the downturn will be less than earlier expected”. He noticed that restrictions had been ...
  • How to trade EUR after the ECB rate statement? – FBS

    The European Central Bank will publish the main refinancing rate and make a statement on Thursday, June 4, at 14:45 MT time. Also, the ECB press conference will be later at 15:30 MT time. Instruments to trade: EUR/USD, EUR/CAD, EUR/GBP, EUR/JPY, EUR/NZD, EUR/AUD, EUR/CHF Analysts give 99% that the main refinancing rate will stay unchanged. Traders should ...
  • How US protests affect market? – FBS

    The main source of volatility for global markets is US-China tensions. Investors were waiting for US President’s speech on Friday for some hints. But, Donald Trump was not so disruptive as everybody expected. He didn’t impose any direct sanctions on China for its treatment of Hong Kong. According to investors, the US impact on China ...
  • Trade ideas on May 29 – FBS

    Let’s look at main movements on the market. USD/JPY fell down Investors are waiting for Donald Trump’s response to China’s security law in Hong Kong. As a result, the market uncertainty pushed up the Japanese yen. The USD/JPY is headed down to the support line at 107.1. If the price manages to cross it, it will pave ...
  • EUR: beating the USD so far – FBS

    At the beginning of Thursday, we were not sure whether the EUR/USD would hold ground at the level 1.1000 which is was testing during the day. Eventually, not only it managed to hold but firmly broke it to rise to 1.1100 and above. Currently, the nearest bullish target is the lower March resistance of 1.1140. ...