#TradeIdea
It’s time for some insights from FBS team!
👨Trade ideas from Ivan Karamazov:
EUR/USD: SELL – 1.1845; SL – 1.1900; TP1 – 1.1765; TP2 – 1.1745; TP3 – 1.1665
EUR/GBP: BUY – 0.8835; SL – 0.8780; TP1 – 0.8895; TP2 – 0.8940; TP3 0.9015
👩Trade ideas from Tatyana Norkina:
AUD/USD: SELL – 0.7550; SL – 0.7590; TP1 – 0.7490; TP2 – 0.7450
USD/JPY: SELL – 109.60; SL – 109.80; TP1 – 108.60; TP2 – 108.30
It’s time for some insights from FBS team!
👨Trade ideas from Ivan Karamazov:
EUR/USD: SELL – 1.1845; SL – 1.1900; TP1 – 1.1765; TP2 – 1.1745; TP3 – 1.1665
EUR/GBP: BUY – 0.8835; SL – 0.8780; TP1 – 0.8895; TP2 – 0.8940; TP3 0.9015
👩Trade ideas from Tatyana Norkina:
AUD/USD: SELL – 0.7550; SL – 0.7590; TP1 – 0.7490; TP2 – 0.7450
USD/JPY: SELL – 109.60; SL – 109.80; TP1 – 108.60; TP2 – 108.30
🏁Congrats with the new trading week!
Here’s a video with the relevant trade ideas for EUR, GBP, JPY, AUD, CAD, TRY, MXN and gold. Trade well!
https://www.facebook.com/FBSanalytics/videos/1336066006527792/
Here’s a video with the relevant trade ideas for EUR, GBP, JPY, AUD, CAD, TRY, MXN and gold. Trade well!
https://www.facebook.com/FBSanalytics/videos/1336066006527792/
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FBS Analytics
Join FBS expert for relevant trade ideas for EUR, GBP, JPY, AUD, CAD, TRY, MXN and gold
☕️Meet the main Forex topics & news of Tuesday!
🔸 Trade tensions are easing. US President Donald Trump pledged to help Chinese telecoms firm ZTE Corp, which had been penalized for violating US sanctions with Iran. China’s top economic official will arrive in Washington today for a 5-day trade discussion. However, according to the US ambassador to China, the countries are “still very far apart” on trade. The results of negotiations will be important for risk-sensitive currencies like the AUD: in case of success, it they will rise, in case of failure they will fall.
🔸 Oil remains supported. Saudi Arabia told OPEC it pumped the least since early 2017.
🔸 Turkish lira (TRY) hit a new low after President Recep Tayyip Erdogan said he plans to take greater control of the economy after presidential elections next month.
🔸 EUR/USD formed a pin bar ahead of 1.20 – a bearish sign. Below the weekly pivot at 1.1911, the target is at 1.1850.
🔸 GBP/USD keeps struggling with 200-day MA at 1.3545 and stays in range between 1.36 and 1.3490.
Coming soon:
🔸 Euro Area’s flash GDP for Q2 is due at 12:00 MT time. German economic growth is already published: the figure disappointed – the country’s authorities are blaming trade wars for that.
🔸 The UK Prime Minister Theresa May meets with her Brexit cabinet to discuss plans for a post-withdrawal customs union.
🔸 US retail sales will be out at 15:30 MT time (mixed forecasts).
Have a great day and may the profit be with you!💚
🔸 Trade tensions are easing. US President Donald Trump pledged to help Chinese telecoms firm ZTE Corp, which had been penalized for violating US sanctions with Iran. China’s top economic official will arrive in Washington today for a 5-day trade discussion. However, according to the US ambassador to China, the countries are “still very far apart” on trade. The results of negotiations will be important for risk-sensitive currencies like the AUD: in case of success, it they will rise, in case of failure they will fall.
🔸 Oil remains supported. Saudi Arabia told OPEC it pumped the least since early 2017.
🔸 Turkish lira (TRY) hit a new low after President Recep Tayyip Erdogan said he plans to take greater control of the economy after presidential elections next month.
🔸 EUR/USD formed a pin bar ahead of 1.20 – a bearish sign. Below the weekly pivot at 1.1911, the target is at 1.1850.
🔸 GBP/USD keeps struggling with 200-day MA at 1.3545 and stays in range between 1.36 and 1.3490.
Coming soon:
🔸 Euro Area’s flash GDP for Q2 is due at 12:00 MT time. German economic growth is already published: the figure disappointed – the country’s authorities are blaming trade wars for that.
🔸 The UK Prime Minister Theresa May meets with her Brexit cabinet to discuss plans for a post-withdrawal customs union.
🔸 US retail sales will be out at 15:30 MT time (mixed forecasts).
Have a great day and may the profit be with you!💚
FBS Analytics via @vote
What is your favourite currency pair?
anonymous poll
EUR/USD – 100
👍👍👍👍👍👍👍 60%
GBP/USD – 22
👍👍 13%
USD/JPY – 18
👍 11%
Crosses (EUR/JPY, EUR/CAD, etc) – 14
👍 8%
USD/CAD – 10
👍 6%
AUD/USD – 4
▫️ 2%
👥 168 people voted so far.
anonymous poll
EUR/USD – 100
👍👍👍👍👍👍👍 60%
GBP/USD – 22
👍👍 13%
USD/JPY – 18
👍 11%
Crosses (EUR/JPY, EUR/CAD, etc) – 14
👍 8%
USD/CAD – 10
👍 6%
AUD/USD – 4
▫️ 2%
👥 168 people voted so far.
It is time to take a look at the oil market❗️
Oil shocked investors with a significant rise. OPEC’s output cuts and geopolitical tensions around the Iranian deal and sanctions on Venezuela boosted oil prices. Up to date, Brent managed to test levels above $80 a barrel, WTI was above $72 .
High prices made the International Energy Agency change its forecasts. A global oil demand growth in 2018 is anticipated to reduce. Supply from the US production will grow by 1.87 MMbpd this year, or 85,000 bpd more than previously thought.
Does it mean the oil prices will go down? Absolutely not!
The forecast is encouraging.
🔸Vice chairman of IHS Markit Dan Yergin predicts oil above $85 a barrel by July as demand for gasoline will be high.
🔸Morgan Stanley increased its forecast from $65 a barrel to $90 in 2020 based on a boom in a demand for diesel and jet fuel because of new shipping regulations.
As you see it is a good time to get a benefit. Geopolitical tensions in the Middle East always support an oil’s rise. Don’t miss your chance to boost your profit.
Trade with FBS!💻😎
Oil shocked investors with a significant rise. OPEC’s output cuts and geopolitical tensions around the Iranian deal and sanctions on Venezuela boosted oil prices. Up to date, Brent managed to test levels above $80 a barrel, WTI was above $72 .
High prices made the International Energy Agency change its forecasts. A global oil demand growth in 2018 is anticipated to reduce. Supply from the US production will grow by 1.87 MMbpd this year, or 85,000 bpd more than previously thought.
Does it mean the oil prices will go down? Absolutely not!
The forecast is encouraging.
🔸Vice chairman of IHS Markit Dan Yergin predicts oil above $85 a barrel by July as demand for gasoline will be high.
🔸Morgan Stanley increased its forecast from $65 a barrel to $90 in 2020 based on a boom in a demand for diesel and jet fuel because of new shipping regulations.
As you see it is a good time to get a benefit. Geopolitical tensions in the Middle East always support an oil’s rise. Don’t miss your chance to boost your profit.
Trade with FBS!💻😎
Brace yourself for this trading week❗️
🎬Our latest outlook on the USD, EUR, gold and more:
https://fbs.com/analytics/videos/weekly-forex-outlook-may-21-25-1405
🎬Our latest outlook on the USD, EUR, gold and more:
https://fbs.com/analytics/videos/weekly-forex-outlook-may-21-25-1405
FBS
Forex week from May 21 to 25
The week was positive for the greenback. The US dollar index managed to set new highs near $93.50.
Oil is in the arena❗️
Brent and WTI couldn’t stick to new records. On May 28, Brent has slumped to 🔹$75 a barrel, WTI has declined to 🔹$66.70.
What is the reason? Saudi Arabia and Russia announced they'll revive output they halted as part of a deal between OPEC and its allies.
Saudi Energy Minister: “OPEC and its allies are likely to gradually revive oil output in the second half of the year”.
Russian President Mr. Putin: “Oil prices at $60 a barrel suit Russia and the country doesn’t want them to go higher. …anything above that level can lead to certain problems for consumers, which also isn’t good for producers”.
Does it mean that past encouraging forecasts changed? No!🙅🏼♂️
Despite comments of OPEC and its allies, Goldman Sachs remains bullish. The bank keeps its forecast for Brent at $82.50 a barrel in the third quarter of 2018.
Any worries about a shorter demand? Goldman Sachs sees a sustained pace of demand growth even if Brent is at $80 a barrel. Moreover, there are infrastructure problems that will make it harder to bring surging North American production to the market. As a result, the global oil balance will need further increases in OPEC and Russian production in 2019.
As you see a current plunge of oil prices is not a reason to worry. The forecast is still bullish. It’s a good chance to trade on volatility📊💸
Brent and WTI couldn’t stick to new records. On May 28, Brent has slumped to 🔹$75 a barrel, WTI has declined to 🔹$66.70.
What is the reason? Saudi Arabia and Russia announced they'll revive output they halted as part of a deal between OPEC and its allies.
Saudi Energy Minister: “OPEC and its allies are likely to gradually revive oil output in the second half of the year”.
Russian President Mr. Putin: “Oil prices at $60 a barrel suit Russia and the country doesn’t want them to go higher. …anything above that level can lead to certain problems for consumers, which also isn’t good for producers”.
Does it mean that past encouraging forecasts changed? No!🙅🏼♂️
Despite comments of OPEC and its allies, Goldman Sachs remains bullish. The bank keeps its forecast for Brent at $82.50 a barrel in the third quarter of 2018.
Any worries about a shorter demand? Goldman Sachs sees a sustained pace of demand growth even if Brent is at $80 a barrel. Moreover, there are infrastructure problems that will make it harder to bring surging North American production to the market. As a result, the global oil balance will need further increases in OPEC and Russian production in 2019.
As you see a current plunge of oil prices is not a reason to worry. The forecast is still bullish. It’s a good chance to trade on volatility📊💸
👍1
☕️️Good Tuesday, everyone!
EUR/USD is below 1.1550 as political tensions in Italy intensified. There’s a selloff in the country’s bond market. Next target is at 1.1450 (50% Fibonacci level).
USD/CAD failed to close above 1.30 yesterday, maybe today bulls will be luckier? After all, oil keeps falling – a negative factor for the Canadian currency. The first target is at 1.31.
Here are some trade ideas from FBS analysts:
AUD/USD: SELL – 0.7515; SL – 0.7570; TP1 – 0.7460; TP2 – 0.7430; TP3 – 0.7415.
NZD/USD: SELL – 0.6855; SL – 0.6910 TP1 – 0.6755; TP2 – 0.6655; TP3 – 0.6590.
USD/CAD: BUY – 1.2920; SL – 1.2865; TP1 – 1.3020; TP2 – 1.3160; TP3 – 1.3270.
EUR/USD is below 1.1550 as political tensions in Italy intensified. There’s a selloff in the country’s bond market. Next target is at 1.1450 (50% Fibonacci level).
USD/CAD failed to close above 1.30 yesterday, maybe today bulls will be luckier? After all, oil keeps falling – a negative factor for the Canadian currency. The first target is at 1.31.
Here are some trade ideas from FBS analysts:
AUD/USD: SELL – 0.7515; SL – 0.7570; TP1 – 0.7460; TP2 – 0.7430; TP3 – 0.7415.
NZD/USD: SELL – 0.6855; SL – 0.6910 TP1 – 0.6755; TP2 – 0.6655; TP3 – 0.6590.
USD/CAD: BUY – 1.2920; SL – 1.2865; TP1 – 1.3020; TP2 – 1.3160; TP3 – 1.3270.
#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.