Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

AUDUSD: Initiating Macro Bearish Reversal
AUDUSD: Initiating Macro Bearish Reversal

Bearish Scenario: Selling below 0.6516 with TP1: 0.65, TP2: 0.6487, and upon its breakout TP3: 0.6469 Bullish Scenario: Buying above 0.6540 with TP1: 0.6572, TP2: 0.6594, and TP3: 0.66

NZD: Unemployment Rate Could Weaken NZD
NZD: Unemployment Rate Could Weaken NZD

Traders are closely monitoring Fed speeches, particularly Fed's Mester speech scheduled for Tuesday, for further insights into monetary policy directions. Additionally, market participants await key economic releases later in the week, including New Zealand's Unemployment Rate for Q4 and ...

EURCAD: Price Approaches A Crucial Pivot
EURCAD: Price Approaches A Crucial Pivot

As Germany faces consecutive economic contractions and the broader Eurozone grapples with diverse economic conditions, the upcoming flash CPI inflation figures take center stage. These figures will shape market expectations regarding potential rate cuts, with the ECB carefully navigating uncertainties

THE USD Facing the Fed's Decision
THE USD Facing the Fed's Decision

FUNDAMENTAL OVERVIEW Today marks the conclusion of the first monetary policy meeting of the year by the United States Federal Reserve (Fed)…

XAUUSD: Review of Recent Price Action
XAUUSD: Review of Recent Price Action

Gold prices, stable above $2,000 per ounce, commenced the week on an uptrend driven by a rallying US dollar and anticipation surrounding the upcoming Federal Reserve meeting. Analysts highlight that the market is keen on the Fed's signals for the coming months rather than immediate announcements.

What To Trade In February
What To Trade In February

Major currency pairs like USD/JPY and USD/CHF face potential shifts in trends as central banks reevaluate interest rates. The Euro and British Pound are poised for nuanced movements based on economic conditions and rate decisions. Meanwhile, the Australian and New Zealand Dollars grapple with changing interest rate...

EURJPY: With bullish reversal and target at the breakout of 161.00
EURJPY: With bullish reversal and target at the breakout of 161.00

Bullish Scenario: Buying above 160.00 (expecting a pullback to this zone) with TP1: 160.62 (uncovered POC*), TP2: 160.81, and TP3: 161.00 on an intraday basis. Bearish Scenario: Selling below 160.25 with TP1: 160.00, TP2: 159.82, and upon its breakout TP3: 159.63.

EUR Weakness May Endure In February
EUR Weakness May Endure In February

EUR/USD, a major indicator of Euro’s strength, finds itself in a state of indecision, with sideways movement near 1.0850 following two consecutive weeks in negative territory. The absence of clear recovery signals in the near-term technical outlook reflects the cautious stance of market participants. As the pair navigates this period of uncertainty, all...

XAUUSD: Two Possible Scenarios for XAUUSD
XAUUSD: Two Possible Scenarios for XAUUSD

Intraday Bullish Scenario: Consider buying above 2028.50 with TP1: 2033, TP2: 2036, and TP3: 3039 on extension. Intraday Bearish Scenario: Look for sales below 2024 with TP1: 2000, TP2: 2016, and upon breakout TP3: 2013.

CAD’s Troubles Could Be Soon Forgotten
CAD’s Troubles Could Be Soon Forgotten

The Canadian Dollar faces a confluence of challenges, from the unexpected BoC stance on interest rates to mixed economic data and the traditionally impactful fluctuations in oil prices. As investors grapple with uncertainty regarding future monetary policy directions and the resilience of various economic sectors, the...

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera