US Evades Default This Time

US Evades Default This Time

Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!

Events of the week GMT+3. Check your timezone here

Monday:

  • Bank holiday: Swiss, UK, France, Germany, US. Expect lower liquidity in Forex pairs.

Tuesday:

  • 10:00, Swiss GDP
  • 17:00, US CB Consumer Confidence

Wednesday:

  • All Day, German Prelim CPI
  • 02:00, RBA Gov Lowe Speaks
  • 04:30, Australian CPI
  • 17:00, US JOLTS Job Openings

Thursday:

  • 15:15, ADP Non-Farm Employment Change
  • 15:30, US Unemployment Claims
  • 17:00, ISM Manufacturing PMI

Friday:

  • 15:30, US Average Hourly Earnings, NFP, Unemployment Rate

News that moves the market

The US had finally reached the debt agreement. Default won’t happen anytime soon. According to the last information, the US increases the limit by $2-4 trillion and cuts spendings by $50 billion. However, military spendings won’t be decreased and will most likely rise by $80 billion.

Bitcoin rises ahead of debt limit increase, breaking through the resistance of $27 500. The next critical resistance lies at $29 500.

HK50 falls 6% over the last days.

Saudi Arabia is willing to join the China-based “BRICS bank.” This moves the country further from the US, it’s previous “fellow.”

Turkey elections round two resulted in the re-election of Tayyip Erdogan. USDTRY continues to rise, breaking the level of 20.00.

Japan’s NIKKEI 225 (JP225) rises to 33-year high, the highest level since 1990.

Gold is trading under support levels

The metal fell under the critical demand zone of $1950-1965 and was about to continue sliding. The support of $1935 is what we will look for. The breakout will send the metal in a freefall to the level of $1885.

However, a rise above the yellow resistance area would mean a possible recovery of the metal. In this case, expect a surge towards $1995.

 XAUUSD.pH4.png

Have an amazing day!

START TRADING NOW

Similar

Earnings Season is In Focus
Earnings Season is In Focus

Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?

Can XAUUSD Move Higher?
Can XAUUSD Move Higher?

The dollar's status as the world's reserve currency could only be recovered if the US controls its spending. The huge budget deficit and rising interest rates on the US national debt should scare every American, analysts say. Read the full report to learn more!

Latest news

The Yen Sets New Lows
The Yen Sets New Lows

The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!

BlackRock CEO Supports The USD
BlackRock CEO Supports The USD

BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!

Deposit with your local payment systems

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