NFP Forecast
The market will focus on nonfarm payrolls and wage growth. So far, traders increased bets that the US central bank will cut interest rates in March. Such expectations made the USD decline versus currencies like the EUR and the JPY.Get ready for NFP release on March 6
Euro Rallies Vs USD And GBP, Dollar Under Pressure After Fed Rate Cut
EUR/GBP rallied recently above the 0.8600 and 0.8700 resistance levels.
A key bullish trend line is forming with support near 0.8660 on the 4-hours chart.
The Euro Zone CPI increased 1.2% in Feb 2020 (Prelim)
‘Lukman’s Week Ahead: Market themes to watch out for’ webinar in English
Date: 10.02.2020
Time: 13:00 (local UK time)
Hosted by: Senior Research Analyst Lukman Otunuga
https://t.co/hrx3vrWA2y
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‘Forex Basics: Using Orders’ webinar in English
Date: 05.02.2020
Time: 15:00 (local South Africa time)
Hosted by: Trading Educator Theunis Kruger
https://t.co/hrx3vrWA2y
#forex#webinar#forex-webinar #fbh#trading-educator #theunis-kruger
USD/JPY Could Extend Losses Below 108.50
Today's Key Highlights
• USD/JPY topped near 110.30 and declined below the 109.75 support.
• There was a break below a key bullish trend line with support near 109.40 on the 4-hours chart.
#forex#usd#jpy#MoM#gdp#prelim
GBP/USD Stuck Below Key Hurdles Near 1.3150
Today's Key Highlights
•GBP/USD is slowly declining after it failed to clear the 1.3150 resistance.
•A crucial contracting triangle is forming with resistance near 1.3120 on the 4-hours chart.
#gbp#usd#us-new-home-sales #MoM#forex
Crude Oil Price Could Accelerate Decline Below $55
Today's Highlights
•Crude oil price is declining and it recently settled below $60.00 against the US dollar.
•Earlier, there was a break below a key bullish trend line with support near $61.35 on the 4-hours chart of XTI/USD.
AUD/USD Bulls Facing Uphill Task
• In the past few days, AUD/USD declined heavily and tested the 0.6850 support.
• A lot of hurdles are forming for the bulls near 0.6900 and 0.6930 on the 4-hours chart.
• Both EUR/USD & GBP/USD started a decent recovery in the past few session
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AFSL 491139. Over-the-counter (OTC) derivatives are highly risky.
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Trading schedule changes on November 28th-29th
— Trading for American stocks and indices (S&P500, NASDAQ) will close at 20:15 MT Time;
— Trading for XAUUSD, XAGUSD, Palladium, and Platinum will close at 20:45 MT Time.
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