Uncertainty underpinned USD

Uncertainty underpinned USD

The uncertainty over US fiscal stimulus and Brexit, and also rising new virus cases deteriorated the market mood. That’s why we can expect the further rally of the US dollar and the fall of riskier assets today.

Fundamentals

  • The market is waiting for some progress in fiscal stimulus talks between Democrats and Republicans. House Speaker Nancy Pelosi claimed that the stimulus package should be unveiled until January as she is going to have a meeting with Treasury Secretary Steven Mnuchin. Donald Trump proposed $1.8 trillion.
  • The US data came out mixed yesterday. Philly Fed Manufacturing Index was 32.3, better than the forecasts of 14.4. At the same time, unemployment claims rose more than analysts anticipated, signaling problems in the labor market.
  • The Brexit deadline has been prolonged. EU-UK negotiations continue, but it hasn’t been still any progress.
  • The fresh Covid-19 outbreak in Europe has forced countries to tighten up restrictions.
Watch our daily trading plan!

Technical tips

EUR/USD

EUR/USD is edging lower. According to UOB, the pair may drop to 1.1650 in the short term. Watch out for the breakout of the low of September 29 at 1.1670 as it will open doors towards the support of 1.1650. On the flip side, if it retests 1.1710, the way to the 100-period moving average of 1.1710 will be clear.

EURUSDH4.png

Gold

XAU/USD is trading inside the ascending channel. It’s moving down, but it’s likely to reverse from the intersection of the lower trendline and the $1 900 level. The move above yesterday’s high of $1 910 will drive the yellow metal to the 200-period moving average of $1 917. Support levels are $1 890 and $1 875.

XAUUSDH4.png

GBP/USD

The British pound is falling amid Brexit uncertainties. However, the 23.6% Fibonacci retracement is strong enough to constrain the further falling of the pair. If it manages to break it, the way to lows of late September at 1.2820 will be open. Resistance levels are 1.2980 and 1.3000.

GBPUSDH4.png

S&P 500

S&P 500 is forming a cup & handle pattern. If it breaks the resistance of 3 535, the way to the all-time high of 3 580 will be clear. After that it’s likely to rally further. However, today’s mood isn’t favorable to risk, so it’s better to keep an eye on the chart to catch the price movement up. Support levels are 3 445 and 3 400.

S&P500Daily.png

Follow up:

US Core retail sales will be out at 15:30 MT time! Stay tuned!

Check the economic calendar

TRADE NOW

Menyerupai

Berita terbaru

Deposit dengan sistem pembayaran bank lokal DI INDONESIA

Pelajari lebih lanjut

Pemberitahuan pengumpulan data

FBS menyimpan catatan data Anda untuk menjalankan website ini. Dengan menekan tombol "Setuju", Anda menyetujui kebijakan Privasi kami.

Ditelepon kembali

Manajer kami akan menghubungi Anda

Merubah nomor

Permintaan Anda diterima.

Manajer kami akan menghubungi Anda

Permintaan panggilan balik berikutnya untuk nomor telepon ini
akan tersedia setelah 00:30:00

Jika Anda memiliki masalah mendesak, silakan hubungi kami melalui
Live chat

Internal error. Silahkan coba lagi

Jangan buang waktu Anda – tetap awasi dampak NFP terhadap dolar dan raup profitnya!

Buku Forex Pemula

Beginner Forex Book akan memandu Anda mengarungi dunia trading.

Buku Forex Pemula

Hal yang sangat penting untuk memulai trading
Masukkan e-mail Anda, dan kami akan mengirimkan buku panduan Forex gratis

Terima kasih!

Kami telah mengirim email tautan khusus ke e-mail Anda.
Klik link untuk mengkonfirmasi alamat Anda dan dapatkan panduan Forex untuk pemula secara gratis.

Anda menggunakan versi browser lama Anda.

Perbarui ke versi terbaru atau coba yang lain untuk pengalaman trading yang lebih aman, lebih nyaman dan produktif.

Safari Chrome Firefox Opera