#EconomicCalendar
❗️Time to trade on NFP!
Latest news. The United States announced tariffs on steel and aluminum imports from the EU, Mexico and Canada, raising risks of a full-blown trade war. Canada and Mexico retaliated against the US decision.
USD/JPY remains supported after good American data on Thursday (Core PCE Price Index, Personal Spending, Chicago PMI).
Coming soon. The US will release Nonfarm Payrolls (NFP) at 15:30 MT time. America will also publish Average Hourly Earnings and Unemployment Rate. Forecasts are positive.
🔮What do analysts say?
Danske Bank: “If the US jobs report disappoints on earnings today, it could mean a continued recovery in EUR/USD into the weekend”.
FBS: “Euro is breaking a trend. There’s an idea to buy at 1.1715 with SL at 1.1660 and targets at 1.1815, 1.1865 and 1.1910”.
❗️Time to trade on NFP!
Latest news. The United States announced tariffs on steel and aluminum imports from the EU, Mexico and Canada, raising risks of a full-blown trade war. Canada and Mexico retaliated against the US decision.
USD/JPY remains supported after good American data on Thursday (Core PCE Price Index, Personal Spending, Chicago PMI).
Coming soon. The US will release Nonfarm Payrolls (NFP) at 15:30 MT time. America will also publish Average Hourly Earnings and Unemployment Rate. Forecasts are positive.
🔮What do analysts say?
Danske Bank: “If the US jobs report disappoints on earnings today, it could mean a continued recovery in EUR/USD into the weekend”.
FBS: “Euro is breaking a trend. There’s an idea to buy at 1.1715 with SL at 1.1660 and targets at 1.1815, 1.1865 and 1.1910”.
#forextips
💡Top 7 rules of risk management
1. Limit your losses
The bigger loss your account suffers, the harder it will be to recover your capital to the starting point. Use Stop Loss orders!
2. Choose your position size wisely
Risk no more than 1-2% of deposit for 1 trade. This way, even if one of your trade fails, your deposit will stay safe.
3. Use leverage wisely
100:1 leverage means that for every $1 you have in your account, you can place a trade worth $100. Remember that it increases both your potential profit and loss, so choose a leverage that your deposit can afford.
4. Risk-reward ratio
Your potential reward should be higher than your risk. The good ratio is 1:3. It means that your Take Profit should be 3 times bigger than your Stop Loss.
5. Diversify
Trade several currency pairs that do not correlate much with each other, for example, EUR/USD and NZD/CAD. The factors which move these pairs are different, so if something happens to one of them, the other won’t suffer.
6. Follow a plan
By failing to plan, you are planning to fail. Remember this wise lesson and be prepared!
7. Be a life-learning trader
Read articles and books, watch videos, take part in webinars and seminars. Your efforts will pay off!
💡Top 7 rules of risk management
1. Limit your losses
The bigger loss your account suffers, the harder it will be to recover your capital to the starting point. Use Stop Loss orders!
2. Choose your position size wisely
Risk no more than 1-2% of deposit for 1 trade. This way, even if one of your trade fails, your deposit will stay safe.
3. Use leverage wisely
100:1 leverage means that for every $1 you have in your account, you can place a trade worth $100. Remember that it increases both your potential profit and loss, so choose a leverage that your deposit can afford.
4. Risk-reward ratio
Your potential reward should be higher than your risk. The good ratio is 1:3. It means that your Take Profit should be 3 times bigger than your Stop Loss.
5. Diversify
Trade several currency pairs that do not correlate much with each other, for example, EUR/USD and NZD/CAD. The factors which move these pairs are different, so if something happens to one of them, the other won’t suffer.
6. Follow a plan
By failing to plan, you are planning to fail. Remember this wise lesson and be prepared!
7. Be a life-learning trader
Read articles and books, watch videos, take part in webinars and seminars. Your efforts will pay off!
FBS Analytics via @vote
Do you have an economic degree? 📕
public poll
😒no, I think it’s not important for trading – 72
👍👍👍👍👍👍👍 64%
🤓yes, that is why I decided to trade at the Forex market – 41
👍👍👍👍 36%
👥 113 people voted so far.
public poll
😒no, I think it’s not important for trading – 72
👍👍👍👍👍👍👍 64%
🤓yes, that is why I decided to trade at the Forex market – 41
👍👍👍👍 36%
👥 113 people voted so far.
🚩The US Dollar Index (USDX, DXY, DX) is a measure of the value of the United States dollar relative to a basket of foreign currencies (EUR, JPY, GBP, CAD, SEK, and CHF). Look at this chart to track important changes in the American currency. This will help you trade EUR/USD, USD/JPY and other Forex pairs. It looks like the DXY is at an edge now. If it’s able to close above 93.55, it will consolidate. A close below this level will open the way down. And what is your opinion on the USD in the near term? Up or down?
Are you feeling like trading the JPY❓
Here are some ideas to consider:
🔺EUR/JPY: BUY – 130.10; SL – 129.55; TP1 – 130.90; TP2 – 132.00; TP3 – 133.40.
🔻USD/JPY: SELL – 108.40; SL – 108.95; TP1 – 107.40; TP2 – 106.75; TP3 – 106.05.
Here are some ideas to consider:
🔺EUR/JPY: BUY – 130.10; SL – 129.55; TP1 – 130.90; TP2 – 132.00; TP3 – 133.40.
🔻USD/JPY: SELL – 108.40; SL – 108.95; TP1 – 107.40; TP2 – 106.75; TP3 – 106.05.
💭5 quotes of Nassim Taleb (the author of the “Black Swan: The Impact of the Highly Improbable”) to start your day
⚜️“Success is becoming in middle adulthood what you dreamed to be in late childhood.”
⚜️ “A prophet is not someone with special visions, just someone blind to most of what others see”
⚜️“We cannot truly plan, because we do not understand the future – but this is not necessarily bad news. We could plan while bearing in mind such limitations. It just takes guts.”
⚜️“The wise man listens to the meaning, the fool only gets the noise.”
⚜️“Never ask a trader if he is profitable: you can easily see it in his gesture and gait.”
⚜️“Success is becoming in middle adulthood what you dreamed to be in late childhood.”
⚜️ “A prophet is not someone with special visions, just someone blind to most of what others see”
⚜️“We cannot truly plan, because we do not understand the future – but this is not necessarily bad news. We could plan while bearing in mind such limitations. It just takes guts.”
⚜️“The wise man listens to the meaning, the fool only gets the noise.”
⚜️“Never ask a trader if he is profitable: you can easily see it in his gesture and gait.”
🛢Trading #oil: what you need to know
The key factor for the oil market is what the world’s largest producers (OPEC) do. If they keep limiting oil output, the prices will go up. If they increase production, oil will depreciate.
The problem is that the OPEC members give the market different messages. Saudi Arabia and Russia signaled that they are ready to boost output. There’s also talk that the United States asked OPEC to raise supplies by about 1 million barrels a day. However, Iraqi Oil Minister said that an increase won’t be on the table at the June 22 meeting of OPEC.
📈The views in OPEC differ so much that they may not reach a compromise on June 22. Russian President Vladimir Putin will meet Saudi Prince Mohammed bin Salman on Thursday, June 14 – there may be price-moving comments. In the meantime, WTI may consolidate in the $66.50/$64.30 range, while Brent may stay in the $78.50/$74.50 range.
The key factor for the oil market is what the world’s largest producers (OPEC) do. If they keep limiting oil output, the prices will go up. If they increase production, oil will depreciate.
The problem is that the OPEC members give the market different messages. Saudi Arabia and Russia signaled that they are ready to boost output. There’s also talk that the United States asked OPEC to raise supplies by about 1 million barrels a day. However, Iraqi Oil Minister said that an increase won’t be on the table at the June 22 meeting of OPEC.
📈The views in OPEC differ so much that they may not reach a compromise on June 22. Russian President Vladimir Putin will meet Saudi Prince Mohammed bin Salman on Thursday, June 14 – there may be price-moving comments. In the meantime, WTI may consolidate in the $66.50/$64.30 range, while Brent may stay in the $78.50/$74.50 range.
❗ Stay informed❗
A short summary of the G7 summit
It seemed like country-members were ready to sign a statement until Mr. Trump left the summit!
🔶 Firstly, he rejected the G7 statement.
🔷 Secondly, he said a lot about Canada and its Prime Minister. Tariffs on Canada are anticipated.
🔶 Thirdly, the European Union was involved as well. Mr. Trump reminded of the EU contribution to the NATO.
🔷 As a result, an escalation of trade wars is anticipated. New tariffs will lead to a depreciation of the EUR and CAD.
Have a look at tweets of dear Mr. Trump😩
A short summary of the G7 summit
It seemed like country-members were ready to sign a statement until Mr. Trump left the summit!
🔶 Firstly, he rejected the G7 statement.
🔷 Secondly, he said a lot about Canada and its Prime Minister. Tariffs on Canada are anticipated.
🔶 Thirdly, the European Union was involved as well. Mr. Trump reminded of the EU contribution to the NATO.
🔷 As a result, an escalation of trade wars is anticipated. New tariffs will lead to a depreciation of the EUR and CAD.
Have a look at tweets of dear Mr. Trump😩
🔔 #EconomicCalendar
US Federal Reserve will announce its interest rate decision at 21:00 MT time. The central bank is expected to raise the interest rate from 1.75% to 2.0%. The rate hike is priced in the USD and won’t have a big impact on the market.
It’s more interesting how many rate hikes will the Fed forecast for this year. The chance of 4 rate hikes in 2018 is 46%. If the Fed hints at 4 hikes, the USD will rise. If, however, it sticks to 3 rate hikes, the USD will likely decline.
Given the global trade tensions, the Fed can decide to hold off with more rate hikes. Keep track of the central bank’s press conference at 21:30 MT time.
Above 1.1750, EUR/USD may target 1.1850.
USD/JPY has support at 110.15 ahead of 109.65.
US Federal Reserve will announce its interest rate decision at 21:00 MT time. The central bank is expected to raise the interest rate from 1.75% to 2.0%. The rate hike is priced in the USD and won’t have a big impact on the market.
It’s more interesting how many rate hikes will the Fed forecast for this year. The chance of 4 rate hikes in 2018 is 46%. If the Fed hints at 4 hikes, the USD will rise. If, however, it sticks to 3 rate hikes, the USD will likely decline.
Given the global trade tensions, the Fed can decide to hold off with more rate hikes. Keep track of the central bank’s press conference at 21:30 MT time.
Above 1.1750, EUR/USD may target 1.1850.
USD/JPY has support at 110.15 ahead of 109.65.
The USD couldn't gain momentum after Wednesday's rate hike.
Do you want to find out reasons and get clues on movements of other currencies⁉
💥 Read our daily outlook:
https://fbs.com/analytics/news/daily-news-a-lot-of-movements-2859
Do you want to find out reasons and get clues on movements of other currencies⁉
💥 Read our daily outlook:
https://fbs.com/analytics/news/daily-news-a-lot-of-movements-2859
FBS
News on June 14
What happened in the economic world on June 14
#NEWS
The euro is unexpectedly plunging after the ECB statement.
🔺 Firstly, EUR/USD tested the resistance at 1.1850 as the Central Bank announced an end of the QE from October to December this year.
🔻 However, a weak forecast for future rate hikes pulled the pair below 1.1750. The ECB isn’t going to raise the interest rate until summer 2019.
On H4, 100-hour MA (1.1715) is a support for EUR/USD. If the pair breaks this level, the further fall to 1.1670 is anticipated. Otherwise, the pair has chances to return to 1.1750.
The euro is unexpectedly plunging after the ECB statement.
🔺 Firstly, EUR/USD tested the resistance at 1.1850 as the Central Bank announced an end of the QE from October to December this year.
🔻 However, a weak forecast for future rate hikes pulled the pair below 1.1750. The ECB isn’t going to raise the interest rate until summer 2019.
On H4, 100-hour MA (1.1715) is a support for EUR/USD. If the pair breaks this level, the further fall to 1.1670 is anticipated. Otherwise, the pair has chances to return to 1.1750.
Steve Wozniak, the co-founder of Apple: “Only bitcoin is pure digital gold… and I totally buy into that."
FBS Analytics via @vote
Do you agree with Mr. Wozniak?🔝
anonymous poll
Yes, I believe in Bitcoin. Sure it will be at the top soon💥 – 56
👍👍👍👍👍👍👍 55%
Cryptocurrencies are trash. Bitcoin isn’t an exception😏 – 28
👍👍👍👍 27%
Other cryptocurrencies will beat Bitcoin soon. Its days are numbered😈 – 18
👍👍 18%
👥 102 people voted so far.
anonymous poll
Yes, I believe in Bitcoin. Sure it will be at the top soon💥 – 56
👍👍👍👍👍👍👍 55%
Cryptocurrencies are trash. Bitcoin isn’t an exception😏 – 28
👍👍👍👍 27%
Other cryptocurrencies will beat Bitcoin soon. Its days are numbered😈 – 18
👍👍 18%
👥 102 people voted so far.
🔮 What do FBS analysts say about the #EUR?
🔸 Ivan Karamazov (EN): SELL at 1.1625 with SL 1.1680 and TP at 1.15250, 1.1400 and 1.1295.
🔹 Reza Aswin (ID): The target for the EUR can be at 1.1500. Corrections are possible to 1.1600 and 1.1650.
🔸 Sergey Logachev (EN): There's a 'V-Bottom', so we're likely going to have an upward correction. However, if a pullback from the nearest resistance at 1.1623 - 1.1652 happens little later on, there'll be a green light for another decline.
🔸 Ivan Karamazov (EN): SELL at 1.1625 with SL 1.1680 and TP at 1.15250, 1.1400 and 1.1295.
🔹 Reza Aswin (ID): The target for the EUR can be at 1.1500. Corrections are possible to 1.1600 and 1.1650.
🔸 Sergey Logachev (EN): There's a 'V-Bottom', so we're likely going to have an upward correction. However, if a pullback from the nearest resistance at 1.1623 - 1.1652 happens little later on, there'll be a green light for another decline.
It's time to make your knowledge grow🌱
Here are some interesting correlations of the financial market:
Here are some interesting correlations of the financial market:
#DAILYNEWS
🔹 The US dollar index is rising. It is moving to the psychological level of $95 again. Today traders will look at building permits and housing starts data (15:30 MT time).
🔸 The US and South Korea agreed to suspend military drills as a part of an agreement between the US and North Korea.
🔹 Trade wars tensions are hotter and hotter. Mr. Trump asked a US trade representative to identify $200 billion in Chinese goods for additional tariffs.
🔸 Trade wars tensions and RBA comments are weighing on the AUD. The AUD/USD pair is moving down. Forecast of the authoritative financial institutes are not encouraging for the aussie. It seems like its chances for rising are weak.
🔹 Trade wars escalate, so the Japanese yen rises. However, it needs more support.
A former BOJ official thinks that the BOJ should stop stimulating prices through large-scale bond buying and instead introduce a digital currency, enabling it to accept a new price goal of 0% inflation.
🔹 The US dollar index is rising. It is moving to the psychological level of $95 again. Today traders will look at building permits and housing starts data (15:30 MT time).
🔸 The US and South Korea agreed to suspend military drills as a part of an agreement between the US and North Korea.
🔹 Trade wars tensions are hotter and hotter. Mr. Trump asked a US trade representative to identify $200 billion in Chinese goods for additional tariffs.
🔸 Trade wars tensions and RBA comments are weighing on the AUD. The AUD/USD pair is moving down. Forecast of the authoritative financial institutes are not encouraging for the aussie. It seems like its chances for rising are weak.
🔹 Trade wars escalate, so the Japanese yen rises. However, it needs more support.
A former BOJ official thinks that the BOJ should stop stimulating prices through large-scale bond buying and instead introduce a digital currency, enabling it to accept a new price goal of 0% inflation.
#EconomicCalendar
You don't know what to trade?! Trade oil!
🔜 Friday will be an important day for the oil market. OPEC and its allies will negotiate on the further oil supply.
Have you already heard that Iran is ready for the modest rise in output? And it's only a few days after it was absolutely against any increase in the supply. As a result, the oil market fell.
An increase in the oil output always leads to oil’s decline. So, if OPEC and allies agree to increase production, oil will fall further.
🔸 Up to now, Brent has been trading below the pivot point at 74.40. Negative news from the meeting will pull the oil benchmark to the support at $71.65. Otherwise, it will be able to recover.
🔹 WTI has tested the pivot point at $65.25, however, stays above it. The negative news will lead to the fall below the pivot point. Otherwise, WTI will be able to stay above $65.25.
You don't know what to trade?! Trade oil!
🔜 Friday will be an important day for the oil market. OPEC and its allies will negotiate on the further oil supply.
Have you already heard that Iran is ready for the modest rise in output? And it's only a few days after it was absolutely against any increase in the supply. As a result, the oil market fell.
An increase in the oil output always leads to oil’s decline. So, if OPEC and allies agree to increase production, oil will fall further.
🔸 Up to now, Brent has been trading below the pivot point at 74.40. Negative news from the meeting will pull the oil benchmark to the support at $71.65. Otherwise, it will be able to recover.
🔹 WTI has tested the pivot point at $65.25, however, stays above it. The negative news will lead to the fall below the pivot point. Otherwise, WTI will be able to stay above $65.25.
🏦 What do the banks say?
Market analysis from the major commercial banks is always respected a lot. Here are the banks’ most recent comments & recommendations. Enjoy!
Commerzbank: Recoveries of EUR/USD will meet resistance at the 20-day MA at 1.1680. As long as the euro trades below 1.1855, the bias will remain negative. Support at 1.1510 (May low) and 1.1407 (200-week MA).
Barclays: EUR/USD will trade at 1.12 by the end of the year as the US economy will outperform.
Nomura: The Bank of England now aims for a rate hike in August. This is not priced in the GBP price yet and is positive for the currency.
Danske Bank: EUR/GBP will trade in the 0.8850-8650 range and then go lower, to 0.88 in 1 month and 0.8650 in 3 months. The specialists target EUR/GBP at 0.84 in 6 months and at 0.83 in a year.
Market analysis from the major commercial banks is always respected a lot. Here are the banks’ most recent comments & recommendations. Enjoy!
Commerzbank: Recoveries of EUR/USD will meet resistance at the 20-day MA at 1.1680. As long as the euro trades below 1.1855, the bias will remain negative. Support at 1.1510 (May low) and 1.1407 (200-week MA).
Barclays: EUR/USD will trade at 1.12 by the end of the year as the US economy will outperform.
Nomura: The Bank of England now aims for a rate hike in August. This is not priced in the GBP price yet and is positive for the currency.
Danske Bank: EUR/GBP will trade in the 0.8850-8650 range and then go lower, to 0.88 in 1 month and 0.8650 in 3 months. The specialists target EUR/GBP at 0.84 in 6 months and at 0.83 in a year.
🐹 Someone bets on the World Cup, but Russian hamster bets on Bitcoin!
Russian internet media Coinspot launched a new project called “Hamster Insider”. A small hamster forecasts the direction of Bitcoin market for the near future. It runs in a labyrinth and at the end of the way chooses one of the doors. The green one means that Bitcoin will rise, the red one warns about the bearish movement.
Have a look at the tiny cute hamster and its first forecast. It’s really interesting whether he is new Nostradamus or not.
https://youtu.be/fmOFxbOw--Q
Russian internet media Coinspot launched a new project called “Hamster Insider”. A small hamster forecasts the direction of Bitcoin market for the near future. It runs in a labyrinth and at the end of the way chooses one of the doors. The green one means that Bitcoin will rise, the red one warns about the bearish movement.
Have a look at the tiny cute hamster and its first forecast. It’s really interesting whether he is new Nostradamus or not.
https://youtu.be/fmOFxbOw--Q
YouTube
Hamster Insider | Выпуск 1 | 18.06.18 - 28.06.18
Представляем вам пилотный выпуск шоу Хомяка Инсайдера, где он предскажет направление рынка на ближайшие 10 дней. Инсайдер бежит по криптолабиринту и в самом конце пути выбирает одну из дверей зелёного или красного цвета, олицетворяющие соответственно рост…
🍀 Traders are lucky when they find a 'Head & Shoulders' pattern on the chart because it offers a simple & elegant trading solution. Have a look and memorize:
🎁 Trade ideas for this week from FBS analyst in Thailand Mr. Kritsada Sengriab
EUR/USD: Buy – 1.1590, 1.1550; S/L – 1.1500; TP1 – 1.1680; TP2 – 1.1720.
USD/JPY: Sell – 110.50, 111.20; S/L – 112.00; TP1 – 109.60, TP2 – 108.80.
AUD/USD: Buy – 0.7400, 0.7330; S/L – 0.7300; TP1 – 0.7500; TP2 – 0.7540.
Gold (XAU/USD): Buy – 1,264.00, 1,258.00, 1,250.00; S/L – 1240.00; TP1 – 1,275.00, TP2 – 1,280.00; TP – 1,284.00.
EUR/USD: Buy – 1.1590, 1.1550; S/L – 1.1500; TP1 – 1.1680; TP2 – 1.1720.
USD/JPY: Sell – 110.50, 111.20; S/L – 112.00; TP1 – 109.60, TP2 – 108.80.
AUD/USD: Buy – 0.7400, 0.7330; S/L – 0.7300; TP1 – 0.7500; TP2 – 0.7540.
Gold (XAU/USD): Buy – 1,264.00, 1,258.00, 1,250.00; S/L – 1240.00; TP1 – 1,275.00, TP2 – 1,280.00; TP – 1,284.00.
