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  • 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. ...
  • EUR supported by the European Commission – FBS

    The economic situation in the Eurozone is as bad as the ECB’s worst forecasts as reported by the bank’s president Christine Lagarde today. Nevertheless, the EUR is willing to overlook this news and pay more attention to the stimulus extension plans as the European Commission informs. The currency took that as a strong sign that ...
  • The key release for the AUD – FBS

    Australian Private Capital Expenditure will be announced on Thursday, May 28, at 4:30 MT time. Instruments to trade: AUD/USD, EUR/AUD, AUD/JPY, AUD/NZD Australian economic figures released in May have been mixed. The nation’s unemployment rate didn’t rise as much as it had been expected, but retail sales collapsed by 17.9%. On Thursday, it will be time to ...
  • Market news on May 26: S&P 500 passed 3000 – FBS

    Let’s look at main movements on the market today on May 26. S&P 500 surged First of all, S&P 500 passed the 3000 mark! The market sentiment is really risk-on today. It’s mainly based on recovery dynamics and potential drug developments. S&P 500 is headed to the next retracement level at 3110. Support levels are at 2960 ...
  • Forex Market News: Friday’s news digest – FBS

    Let’s see what drives the market on April 24. US coronavirus aid package There are good and bad news from the US. The bad one is that 4,427,000 Americans lost jobs. In total nearly 26 million people were fired because of the coronavirus. The good one is the 484-billion-dollar aid package was sent to those, who are ...
  • Market News: Gold shines as bright as $3,000 – FBS

    At the beginning of the American trading session on April 24, gold unveiled its hidden powers and was trading quite close to the $1,740 level – its highest peak of April 14. Many analysts continue to see the yellow metal ultra-bullish, thanks to COVID-19 and the world economy falling into recession. One of the most optimistic ...
  • How much will British retail sales drop? – FBS

    The British retail sales will be announced on Friday at 9:00 MT time. Instruments to trade: GBP/USD, GBP/CAD, GBP/AUD, GBP/CHF, GBP/JPY, GBP/NZD  Let us remind you that the British lockdown started on March 24. For two weeks from that day sales dropped by 27%! It happened as all the stores except supermarkets were closed. According to the British ...
  • Netflix: earnings release on April 21 – FBS

    You’ve probably heard that the Netflix stock soared as people are locked up at home amid the coronavirus pandemic and they have nothing to do but watch TV series. On April 21 the company will report its earnings after the market will close at 23:00 MT time. Buy or sell? After the release it could be a ...
  • Market News: Latest news you need to know – FBS

    Oil went below zero The oil price dipped below zero the first time in its history and then rebounded back to its recent level at $21.45. That’s happened because for some oil producers it’s cheaper to pay buyers to take their oil than to stop production or rent a storage. Reasons are the demand damaged by ...
  • WTI dropped below zero: what does it mean? – FBS

    Big news shake financial markets more and more often. This time oil is once again the biggest news maker. What happened with oil?  West Texas oil futures expiring on Tuesday turned negative for the first time in history. Negative prices mean that sellers were actually paying buyers to take the stuff off their hands. Such a situation ...
  • AMAZON: doing well, thank you – FBS

    What? Amazon stock is at its all-time highs above $2,400. Wait, what?! Just in case you were cautious about the stock market re-gaining the February-March losses so rapidly, have a look at Amazon stock price. It’s not only a V-shape recovery – the price crossed the trend resistance line, which would be there if no crisis happened. Amazon simply ...