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.
It's time to plan your weekly trading❗
🎬 Our latest outlook on the USD, EUR, CAD and more:
https://www.facebook.com/FBSanalytics/videos/1371508542983538/
Don't forget to check other posts on our facebook page👌
🎬 Our latest outlook on the USD, EUR, CAD and more:
https://www.facebook.com/FBSanalytics/videos/1371508542983538/
Don't forget to check other posts on our facebook page👌
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FBS Analytics
Have you missed changes that happened to the currency market last week? Do you want to get clues on future movements of the major currency pairs? Watch our Forex outlook on the past week’s trading...
💥 JP Morgan determines 7 key risks for the second half of 2018
🔶 Trade conflicts become an economically-significant trade war.
🔷 US politics becomes even more complicated (Mueller investigation, mid-term elections).
🔶 US core PCE inflation overshoots 2%, triggering faster Fed tightening.
🔷 OPEC-Russia relaxation of oil accord becomes disorderly.
🔶 Italy over eases fiscal policy and courts a funding crisis.
🔷 US's strike-first-negotiate-later approach to diplomacy brings military entanglement in South China Sea, Korea, Iran or Syria.
🔶 Liquidity risk turns a minor macro event into a major financial one.
It seems like the Japanese yen has chances to be strong in the second half of 2018. While the position of the USD is unclear (on the one side, wars, on the other side, rate hikes), the yen has more possibilities to grow. The unstable environment may make traders invest in “safe-havens”👌
🔶 Trade conflicts become an economically-significant trade war.
🔷 US politics becomes even more complicated (Mueller investigation, mid-term elections).
🔶 US core PCE inflation overshoots 2%, triggering faster Fed tightening.
🔷 OPEC-Russia relaxation of oil accord becomes disorderly.
🔶 Italy over eases fiscal policy and courts a funding crisis.
🔷 US's strike-first-negotiate-later approach to diplomacy brings military entanglement in South China Sea, Korea, Iran or Syria.
🔶 Liquidity risk turns a minor macro event into a major financial one.
It seems like the Japanese yen has chances to be strong in the second half of 2018. While the position of the USD is unclear (on the one side, wars, on the other side, rate hikes), the yen has more possibilities to grow. The unstable environment may make traders invest in “safe-havens”👌
Do you know that trading such unusual pairs as USD/TRY is a great way to boost your profit?
🔱 A small history about the Turkish lira.
A strong depreciation of the currency has been continuing since July 2016 after the coup attempt. This year the Turkish lira has depreciated by 20% against the USD and in May the currency fell to the record low⬇
However, after the presidential re-election of Mr. Erdogan, the Turkish currency managed to recover⬆
❓ What can we expect in the future? Will the currency be able to recover or the fall will continue?
☝ Have a look at our article and get clues on the future movement of the pair: https://fbs.com/analytics/articles/re-election-of-mr-erdogan-will-the-lira-strengthen-9983
🔱 A small history about the Turkish lira.
A strong depreciation of the currency has been continuing since July 2016 after the coup attempt. This year the Turkish lira has depreciated by 20% against the USD and in May the currency fell to the record low⬇
However, after the presidential re-election of Mr. Erdogan, the Turkish currency managed to recover⬆
❓ What can we expect in the future? Will the currency be able to recover or the fall will continue?
☝ Have a look at our article and get clues on the future movement of the pair: https://fbs.com/analytics/articles/re-election-of-mr-erdogan-will-the-lira-strengthen-9983
FBS
Will the Turkish lira recover?
The fall of the Turkish lira has been continuing for a long time.
🔱 On Thursday, the Reserve Bank of New Zealand released the monetary policy statement. Analytics considered it as bearish, as a result, the New Zealand dollar continued depreciating.
NZD/USD has tested the support at 0.6765. No important economic data for the New Zealand dollar are anticipated on Friday. It creates additional risks for the further fall of the pair. The support lies at 0.67⬇
NZD/USD has tested the support at 0.6765. No important economic data for the New Zealand dollar are anticipated on Friday. It creates additional risks for the further fall of the pair. The support lies at 0.67⬇
FBS Analytics via @vote
💼 Do you pay attention to central bank meetings?
anonymous poll
Of course! There are clues on the future monetary policy👌 – 54
👍👍👍👍👍👍👍 52%
What meetings? I have never heard🙀 – 33
👍👍👍👍 32%
No, it is a waste of time, heads of central banks never say anything accurately😒 – 17
👍👍 16%
👥 104 people voted so far.
anonymous poll
Of course! There are clues on the future monetary policy👌 – 54
👍👍👍👍👍👍👍 52%
What meetings? I have never heard🙀 – 33
👍👍👍👍 32%
No, it is a waste of time, heads of central banks never say anything accurately😒 – 17
👍👍 16%
👥 104 people voted so far.
📈 Happy Friday! Catch trade ideas from FBS:
👦 Ivan Karamazov
EUR/USD: BUY – 1.1670; SL – 1.1615; TP –1.1720; TP2 – 1.1780; TP2 – 1.1815.
EUR/GBP: BUY – 0.8835; SL – 0.8780; TP1 – 0.8930; TP2 – 0.9070; TP3 – 0.9170.
👩 Tatyana Norkina
USD/JPY: BUY – 110.30; SL – 110.10; TP1 – 111.10; TP2 – 111.50.
AUD/USD: SELL – 0.7390; SL – 0.7410; TP1 – 0.7330; TP2 – 0.7300.
👱 Dmitry Chernovolov
AUD/JPY: BUY target is at 82.60.
👦 Ivan Karamazov
EUR/USD: BUY – 1.1670; SL – 1.1615; TP –1.1720; TP2 – 1.1780; TP2 – 1.1815.
EUR/GBP: BUY – 0.8835; SL – 0.8780; TP1 – 0.8930; TP2 – 0.9070; TP3 – 0.9170.
👩 Tatyana Norkina
USD/JPY: BUY – 110.30; SL – 110.10; TP1 – 111.10; TP2 – 111.50.
AUD/USD: SELL – 0.7390; SL – 0.7410; TP1 – 0.7330; TP2 – 0.7300.
👱 Dmitry Chernovolov
AUD/JPY: BUY target is at 82.60.
Here’s another chart pattern to study on Saturday! Do you want more of these?
💥It's time to make your weekly trading plan
🎬 Our latest outlook on the USD, EUR, gold and more:
https://fbs.com/analytics/videos/weekly-forex-outlook-july-2-6-1553
🎬 Our latest outlook on the USD, EUR, gold and more:
https://fbs.com/analytics/videos/weekly-forex-outlook-july-2-6-1553
FBS
Weekly Forex Outlook: July 2-6
The USD index was at multi-month highs but once again failed to stay above 95.00.
Bitcoin aims for a comeback
On Monday, the world’s cryptocurrency #1 gained $300 during an hour.
There’s a double bottom on H4 + Bitcoin rose above May-June resistance line.
CNN: “The volume of bitcoin has recovered to $4.6 billion from $3 billion. The recovery of the daily trading volumes signifies an increase in stability in the crypto market.”
Resistance is at $6,500 – $6,780 – $7,000.
Support is at $6,065.
On Monday, the world’s cryptocurrency #1 gained $300 during an hour.
There’s a double bottom on H4 + Bitcoin rose above May-June resistance line.
CNN: “The volume of bitcoin has recovered to $4.6 billion from $3 billion. The recovery of the daily trading volumes signifies an increase in stability in the crypto market.”
Resistance is at $6,500 – $6,780 – $7,000.
Support is at $6,065.
#forextips
Hello guys!👋
Remember our recent poll about central bank meetings💼?
It showed that many of you don’t know what that is.
It’s really important for your trading, so we decided to shed the light on it.
🔷 Every Central Bank has its own monetary policy. This policy has a huge impact on the domestic currency.
🔶 To communicate with investors and give an outlook on the monetary policy, Central Banks hold meetings every month.
There are 3 main scenarios of a central bank meeting.
1. The Bank raises the interest rate.
Rate hike – domestic currency⬆
2. The Bank keeps the interest rate on hold.
In this case, you should pay attention to the Bank’s economic outlook (it is in the Bank’s statement). If it’s positive, it signals that the CB raise the interest rate soon. Otherwise, traders shouldn’t expect a rate hike in the near future.
Positive outlook – domestic currency⬆
Negative/neutral outlook – domestic currency⬇
3. The Bank presents cuts the interest rate.
Rate cut – domestic currency⬇
❗ The main thing you should remember: an interest rate is the key to a currency’s direction!
Hello guys!👋
Remember our recent poll about central bank meetings💼?
It showed that many of you don’t know what that is.
It’s really important for your trading, so we decided to shed the light on it.
🔷 Every Central Bank has its own monetary policy. This policy has a huge impact on the domestic currency.
🔶 To communicate with investors and give an outlook on the monetary policy, Central Banks hold meetings every month.
There are 3 main scenarios of a central bank meeting.
1. The Bank raises the interest rate.
Rate hike – domestic currency⬆
2. The Bank keeps the interest rate on hold.
In this case, you should pay attention to the Bank’s economic outlook (it is in the Bank’s statement). If it’s positive, it signals that the CB raise the interest rate soon. Otherwise, traders shouldn’t expect a rate hike in the near future.
Positive outlook – domestic currency⬆
Negative/neutral outlook – domestic currency⬇
3. The Bank presents cuts the interest rate.
Rate cut – domestic currency⬇
❗ The main thing you should remember: an interest rate is the key to a currency’s direction!
#EconomicCalendar
🔔 It’s the first Friday of July, and the United States will release jobs report at 15:30 MT time:
- Nonfarm Payrolls or NFP (forecast: +0.3%; previous: +0.3%)
- Average Hourly Earnings (forecast: 195K; previous: 223K)
- Unemployment Rate (forecast: 3.8%; previous: 3.8%)
The main risk is that US companies may react negatively to trade tensions between America🇺🇸 and China🇨🇳. US tariffs on Chinese goods will come into effect starting today. The private ADP employment report already showed data below the forecast.
The USD is weakening ahead of the event.
↗ Goldman Sachs expects NFP to rise by 200K and the unemployment to decline to 3.7%. If their forecast comes true, the USD will recover, especially versus the JPY.
⬆ NFP above 220K will make the USD reverse up in all pairs.
↘ NFP below 190K will worry traders. The USD will keep going down.
🔔 It’s the first Friday of July, and the United States will release jobs report at 15:30 MT time:
- Nonfarm Payrolls or NFP (forecast: +0.3%; previous: +0.3%)
- Average Hourly Earnings (forecast: 195K; previous: 223K)
- Unemployment Rate (forecast: 3.8%; previous: 3.8%)
The main risk is that US companies may react negatively to trade tensions between America🇺🇸 and China🇨🇳. US tariffs on Chinese goods will come into effect starting today. The private ADP employment report already showed data below the forecast.
The USD is weakening ahead of the event.
↗ Goldman Sachs expects NFP to rise by 200K and the unemployment to decline to 3.7%. If their forecast comes true, the USD will recover, especially versus the JPY.
⬆ NFP above 220K will make the USD reverse up in all pairs.
↘ NFP below 190K will worry traders. The USD will keep going down.
Hi everyone! Do you know how to trade after a wedge was formed? Here's a visual instruction!
Hello, traders! Are you ready for the new week?
Here are some trade ideas from FBS analysts:
📍 Ivan Karamazov
NZD/USD: SELL – 0.6900; SL – 0.6955; TP1 – 0.6825, TP2 – 0.6775, TP3 – 0.6710.
AUD/USD: BUY – 0.7425; SL – 0.7370; TP1 – 0.7525, TP2 – 0.7600, TP3 – 0.7640.
📍 Tatyana Norkina
EUR/USD: SELL – 1.1780; SL – 1.1800; TP1 – 1.1690; TP2 – 1.1620.
📍 Mr Kritsada Sengriab
Gold: SELL – 1261, 1268, 1275; SL – 1280; TP1 – 1251, TP2 – 1245; TP – 1238.
USD/JPY: SELL – 110.60, 110.80, 111.00; SL – 111.50; TP1 – 110.30, TP2 – 110.10, TP3 – 109.90.
GBP/USD: SELL – 1.3300, 1.3340, 1.3390; SL – 1.3450; TP1 – 1.3220, TP2 – 1.3180, TP3 – 1.3140.
EUR/USD: BUY – 1.1710, 1.1670, 1.1630; SL – 1.1600; TP1 – 1.1787, TP2 – 1.1820, TP3 – 1.1850.
Here are some trade ideas from FBS analysts:
📍 Ivan Karamazov
NZD/USD: SELL – 0.6900; SL – 0.6955; TP1 – 0.6825, TP2 – 0.6775, TP3 – 0.6710.
AUD/USD: BUY – 0.7425; SL – 0.7370; TP1 – 0.7525, TP2 – 0.7600, TP3 – 0.7640.
📍 Tatyana Norkina
EUR/USD: SELL – 1.1780; SL – 1.1800; TP1 – 1.1690; TP2 – 1.1620.
📍 Mr Kritsada Sengriab
Gold: SELL – 1261, 1268, 1275; SL – 1280; TP1 – 1251, TP2 – 1245; TP – 1238.
USD/JPY: SELL – 110.60, 110.80, 111.00; SL – 111.50; TP1 – 110.30, TP2 – 110.10, TP3 – 109.90.
GBP/USD: SELL – 1.3300, 1.3340, 1.3390; SL – 1.3450; TP1 – 1.3220, TP2 – 1.3180, TP3 – 1.3140.
EUR/USD: BUY – 1.1710, 1.1670, 1.1630; SL – 1.1600; TP1 – 1.1787, TP2 – 1.1820, TP3 – 1.1850.
Watch a trading forecast for July 12🔮
You will find some clues on the profitable trading😎
🎥 https://fbs.com/analytics/videos/trading-plan-for-july-12-1593
You will find some clues on the profitable trading😎
🎥 https://fbs.com/analytics/videos/trading-plan-for-july-12-1593
FBS
Forecast for July 12
Trading forecast