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
FBS Analytics via @vote
An expert placed a bet of 8,5 million Australian dollars ($6,27 million) on the possibility that the Bitcoin price will surpass $280,000 in 2023👀 What price of bitcoin do you predict⁉
anonymous poll
I don’t like to risk, the middle is always good, so $10,000 😕 – 42
👍👍👍👍👍👍👍 36%
$100,000 - I invested all my money in you! Please Bitcoin rise for me 🙏 – 35
👍👍👍👍👍👍 30%
Bitcoin is a bubble, it will be below $6,000 and then will burst 😒 – 21
👍👍👍👍 18%
McAfee is a crazy cool guy, I will support him - $1,000,000😜 – 18
👍👍👍 16%
👥 116 people voted so far.
anonymous poll
I don’t like to risk, the middle is always good, so $10,000 😕 – 42
👍👍👍👍👍👍👍 36%
$100,000 - I invested all my money in you! Please Bitcoin rise for me 🙏 – 35
👍👍👍👍👍👍 30%
Bitcoin is a bubble, it will be below $6,000 and then will burst 😒 – 21
👍👍👍👍 18%
McAfee is a crazy cool guy, I will support him - $1,000,000😜 – 18
👍👍👍 16%
👥 116 people voted so far.
Happy Saturday! A flag pattern indicates that the preceding trend will continue. Find out how to trade flags:
💭 Trade ideas for this week from FBS analyst in Thailand Mr. Kritsada Sengriab
🔱 EUR/USD: Buy – 1.16600, 1.16300, 1.16000; S/L – 1.15500; TP1 – 1.17300, TP2 – 1.17600, TP3 – 1.17900.
🔱 USD/JPY: Sell – 112.600, 112.800, 113.000; S/L – 113.500; TP1 – 111.900, TP2 – 111.600, TP3 – 111.300.
🔱 GBP/USD: Sell – 1.32550, 1.33000, 1.33400; S/L – 1.34000; TP1 – 1.31750, TP2 – 1.31400, TP3 – 1.31000.
🔱 AUD/USD: Buy: 0.73650, 0.73350, 0.72900; S/L – 0.72000; TP1 – 0.74350, TP2 – 0.74800, TP3 –0.75200
🔱 Gold (XAU/USD): Sell – 1,251.00, 1,256.00, 1,261.00; S/L – 1,270.00; TP1 – 1,240.00, TP2 – 1,235.00.
🔱 EUR/USD: Buy – 1.16600, 1.16300, 1.16000; S/L – 1.15500; TP1 – 1.17300, TP2 – 1.17600, TP3 – 1.17900.
🔱 USD/JPY: Sell – 112.600, 112.800, 113.000; S/L – 113.500; TP1 – 111.900, TP2 – 111.600, TP3 – 111.300.
🔱 GBP/USD: Sell – 1.32550, 1.33000, 1.33400; S/L – 1.34000; TP1 – 1.31750, TP2 – 1.31400, TP3 – 1.31000.
🔱 AUD/USD: Buy: 0.73650, 0.73350, 0.72900; S/L – 0.72000; TP1 – 0.74350, TP2 – 0.74800, TP3 –0.75200
🔱 Gold (XAU/USD): Sell – 1,251.00, 1,256.00, 1,261.00; S/L – 1,270.00; TP1 – 1,240.00, TP2 – 1,235.00.
We gathered the most important economic events of this week and brightened them with the technical analysis 🌟
🎬 Watch our latest outlook on the USD, EUR, gold and more: https://fbs.com/analytics/videos/weekly-forex-outlook-july-16-20-1606
🎬 Watch our latest outlook on the USD, EUR, gold and more: https://fbs.com/analytics/videos/weekly-forex-outlook-july-16-20-1606
FBS
Weekly market outlook
What to expect from markets this week
Hello friends!
Do you want to get clues on oil prices? Have a look⛽
🔻 EIA: Brent $73 in the second half of 2018; $69 per barrel in 2019.
🔺Goldman Sachs: Brent $70-80 in the near-term; $80 by the end of the year.
🔺Morgan Stanley: Brent $85 by the end of the year.
Do you want to get clues on oil prices? Have a look⛽
🔻 EIA: Brent $73 in the second half of 2018; $69 per barrel in 2019.
🔺Goldman Sachs: Brent $70-80 in the near-term; $80 by the end of the year.
🔺Morgan Stanley: Brent $85 by the end of the year.
❤1
Hello, traders! We continue our Saturday patterns. A pennant is very similar to a flag but the shape is a bit different. Have a look:
🔔 What will this week bring the aussie?
Events:
CPI; Trimmed Mean CPI (Wednesday, 4:30 MT time)
Forecasts for AUD/USD:
🔷 Ivan Karamazov: BUY - 0.744; SL - 0.7385; TP1 - 0.7505, TP2 - 0.754, TP3 - 0.764
🔶 Kritsada Sengriab: Buy - 0.73650, 0.73300, 0.72900; S/L - 0.72000; TP1 - 0.74350, TP2 - 0.74800, TP3 - 0.75200
Technical outlook:
Up to now, the pair has been trading near the pivot point at 0.74. If the pair closes below the pivot point, the further fall is anticipated. The support lies at 0.7340. However, if the US dollar index weakens, the pair will have chances to recover. The resistance lies at 0.7465 (50-day MA).
Events:
CPI; Trimmed Mean CPI (Wednesday, 4:30 MT time)
Forecasts for AUD/USD:
🔷 Ivan Karamazov: BUY - 0.744; SL - 0.7385; TP1 - 0.7505, TP2 - 0.754, TP3 - 0.764
🔶 Kritsada Sengriab: Buy - 0.73650, 0.73300, 0.72900; S/L - 0.72000; TP1 - 0.74350, TP2 - 0.74800, TP3 - 0.75200
Technical outlook:
Up to now, the pair has been trading near the pivot point at 0.74. If the pair closes below the pivot point, the further fall is anticipated. The support lies at 0.7340. However, if the US dollar index weakens, the pair will have chances to recover. The resistance lies at 0.7465 (50-day MA).
#EconomicCalendar
🔔 Today the ECB will have a meeting at 14:45 MT time.
The market doesn’t expect any changes in the interest rate. However, the speech of Mr. Draghi is something to look at.
BNP Paribas: no changes comparing to the June meeting. No details on the rate change.
Barclays: no new information. A possibility of interesting comments on recent developments in the economic data and trade wars tensions.
UBS: the ECB is more skeptical about the economic outlook. A clarification on the date of the rate hike with more details of the reinvestment policy.
📈 Technical side:
From the beginning of the week, EUR/USD has been trying to stick above 1.1680. If the Central Bank is hawkish, the pair will go to 1.1785. The Ichimoku cloud signals the narrowing depreciation. However, if the market is not happy with the statement, the pair will fall below 1.1680.
🔔 Today the ECB will have a meeting at 14:45 MT time.
The market doesn’t expect any changes in the interest rate. However, the speech of Mr. Draghi is something to look at.
BNP Paribas: no changes comparing to the June meeting. No details on the rate change.
Barclays: no new information. A possibility of interesting comments on recent developments in the economic data and trade wars tensions.
UBS: the ECB is more skeptical about the economic outlook. A clarification on the date of the rate hike with more details of the reinvestment policy.
📈 Technical side:
From the beginning of the week, EUR/USD has been trying to stick above 1.1680. If the Central Bank is hawkish, the pair will go to 1.1785. The Ichimoku cloud signals the narrowing depreciation. However, if the market is not happy with the statement, the pair will fall below 1.1680.
Happy Friday guys🌞
According to our recent poll, most of you believe in Bitcoin at $10,000✨
What’s been happening to the cryptocurrency up to now👀
This week Bitcoin has reached the highest level since the end of May at $8,336. However, it didn’t get enough support to stick at it. Up to now, Bitcoin has been moving down to the psychological level at $7,500. 100-day MA will be additional support. As a result, there are odds of the rebound. The resistance will lie near $8,340. If there is negative news in the cryptocurrency world, the digital currency will break the support and will move to $7,000.
Where will Bitcoin go❓
According to our recent poll, most of you believe in Bitcoin at $10,000✨
What’s been happening to the cryptocurrency up to now👀
This week Bitcoin has reached the highest level since the end of May at $8,336. However, it didn’t get enough support to stick at it. Up to now, Bitcoin has been moving down to the psychological level at $7,500. 100-day MA will be additional support. As a result, there are odds of the rebound. The resistance will lie near $8,340. If there is negative news in the cryptocurrency world, the digital currency will break the support and will move to $7,000.
Where will Bitcoin go❓
Sometimes there are real diamonds on Forex charts. Find out how to recognize and trade on a "Diamond" pattern:
📣 5 things you should know today:
🔶 US Treasury Secretary Steven Mnuchin predicts a sustained annual economic 3% growth for America for 4-5 years. Isn’t he an optimist?
🔷 To hit the deadlock in the Brexit negotiation, Britain agreed on the final word of the European Court of Justice in the arbitration of working, bill, and Irish border issues. More members of the government will likely disagree.
🔶 The market is waiting for the tomorrow’s meeting of the Bank of Japan. Will the Central Bank really give clues on the QE tapering? It’s a key factor for JPY traders.
🔷 ANZ Bank expects EUR/USD to rise in the middle term: “Buy at the current price and wait for the rise to 1.25 and higher”.
🔶 The Chinese yuan is weak again but Goldman Sachs says that it will help the Chinese economy in times of tariffs.
🔶 US Treasury Secretary Steven Mnuchin predicts a sustained annual economic 3% growth for America for 4-5 years. Isn’t he an optimist?
🔷 To hit the deadlock in the Brexit negotiation, Britain agreed on the final word of the European Court of Justice in the arbitration of working, bill, and Irish border issues. More members of the government will likely disagree.
🔶 The market is waiting for the tomorrow’s meeting of the Bank of Japan. Will the Central Bank really give clues on the QE tapering? It’s a key factor for JPY traders.
🔷 ANZ Bank expects EUR/USD to rise in the middle term: “Buy at the current price and wait for the rise to 1.25 and higher”.
🔶 The Chinese yuan is weak again but Goldman Sachs says that it will help the Chinese economy in times of tariffs.
