Market analysis and trade recommendations by FBS

[SebsCubs]

Happy Labor Day to all the Forex world from FBS!

Everything is possible when you have a goal and a strong desire to achieve it. May this Labor Day celebration be full of high hopes and bring along strength and dedication to your new projects and ideas!

"Be happy and successful!” Always yours, FBS

History will not forget special occasions! You also take a look at our short history on this special day.


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#FX #LaborDay #1May #History

 

[SebsCubs]

Technical Indicators.

Pivot Point is a technical indicator calculated as the average of the high, low and closing prices from the previous trading period. This central pivot point is used to calculate further support and resistance levels.

How to trade using pivot point levels?

If the prices trade above the pivot point, the sentiment is bullish, while
If the pair is below the pivot point, the sentiment is bearish.

Pivot Point is also used to determine entry and exit levels:
If the price is below the pivot point, downward movement is expected to continue, so take profit order should be placed at pivot support levels.
If the price is above the pivot point, upward movement is expected to continue, so take profit order should be placed at pivot resistance levels.

If the market shows strong directional movement, pivot point is used as an entry level.
If the market is ranging, trade on the recoil from the first support/resistance level.

In MT4 the calculation of these levels is automatic, you just need to download special indicator.
Trade Forex with FBS


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#FBS #Trading #Forex #pivotpoint

 

[SebsCubs]

Australian market concludes up

More info: https://goo.gl/u8j9jE

01.05.2018

On Tuesday, the Australian stock market concluded the trading session up due to the strengthening finance sectors, Australia's real estate funds as well as telecommunications services.

At the close of the Sydney Stock Exchange, the S&P/ASX 200 managed to grow 0.55% reaching a monthly maximum.

As for the growth leaders among the components of the S&P/ASX 200 index one should point to shares of Syrah Resources Ltd that tacked on 5.92%, concluding at 3.400. Equities of Wisetech Global Ltd edged up 5.08%, completing the trading session at the level of 10.550. Paper Ioof Holdings Ltd tacked on 4.85%, ending up with an outcome of 9.405.

Leaders of the dive were shares of Graincorp Ltd, which headed south by 5.62%, concluding the trading session at 8.390. As for the shares of Independence Group NL, they ascended by 4.64%, coming up with 4.930. Ramsay Health Care inched down by 4.42% and completed the auction at 61,830.

On the Sydney Stock Exchange, the number of depreciated securities (647) generally beat the number of those that found themselves in positive territory (571). However, quotations of 379 shares were intact.

The S&P/ASX 200 VIX volatility index, formed on the basis of trading options on the S & P/ASX 200, inched down by 1.50% coming up with 12.223.

June delivery gold futures dived 0.50%, hitting $1.312.60 per troy ounce. As for other products, the price of June delivery WTI futures edged up by 0.10%, reaching $68.64 per barrel. Besides this, July delivery Brent futures added 0.04% being worth $74.72 per barrel.

Meanwhile, in the Forex market, the currency pair AUD/USD headed south about 0.11% ending up with an outcome of 0.7539. The currency pair AUD/JPY inched up 0.17% showing 82.47.

Futures on the USD index tacked on by about 0.07% demonstrating 91.69.

 

[SebsCubs]

Equities of the Asia-Pacific region go up

More info: https://goo.gl/BXQaVJ

01.05.2018

On Tuesday, stock indices of the Asia-Pacific region demonstrated moderate surge during the weakened holiday trade. It’s because many of the region's markets are unavailable due to Labor Day celebrations. Investors were pleased with the news that America extended for one month the term, appointed before May 1, on exemption from tariffs for steel and aluminum for its allies.

The Australian market increases revenue from the previous trading session, notwithstanding the weak replica of Wall Street. Additionally, market participants are waiting for the decision of the Reserve Bank of Australia on monetary policy later today.

In the banking space, the shares of Westpac and National Australia Bank tacked on by nearly 1%. Besides this, ANZ Banking posted a 14% soar in its statutory profit for the first half of the year, while cash profit dived by 16%. As for the bank's shares, they headed north by 0.4%.

The market value of Woodside Petroleum and Oil Search gained more than 1%, while Santos rallied 0.5% against the background of strengthening crude prices.

Shares of BHP Billiton went up by approximately 0.3%. Equities of Fortescue Metals jumped by more than 1%, while Rio Tinto soared by 0.6%.

The Japanese market, which was unavailable on Monday, is tacking on after a weak start of trading.

The main exporters are traded with a decrease on the background of the appreciation of the Japanese yen. Equities of Sony tumbled by more than 6%, Mitsubishi Electric lost 4%, Panasonic decreased 2%, while Canon went down 0,2%.

In the technical space, Advantest rallied nearly 5%, while Kyocera managed to acquire more than 2%.

As for other Asian countries, stocks in New Zealand have decreased a bit. Additionally, financial markets in South Korea, China, Hong Kong, Singapore, Indonesia, Malaysia, Taiwan, the Philippines as well as Thailand are unavailable for Labor Day celebration.

 

[SebsCubs]

The index of business activity in the manufacturing sector of Japan soars in April

More at: https://goo.gl/9DRzir

01.05.2018

In April, Japanese manufacturing activity rose at a faster tempo than the previous month, as the final results of the Nikkei survey disclosed today. As a matter of fact, new orders increased in sign of the Japanese economy reviving from the expected considerable decline in the first quarter.

Nevertheless, the growth of new export orders has speeded down abruptly due to a stronger yen, thus generating extra risk for the Japanese export sector of the industry, even when global trade tensions are rising.

The final index of purchasing managers in Japan from Nikkei rose to 53.8 in April, taking into account seasonal fluctuations, versus an average of 53.3 as well as a final of 53.1 in the previous month.

The index remained above the value of 50, which separates the expansion from the contraction for the 20th month in a row and also grew in three months for the first time.

As some market experts pointed out data for April indicate a resumption of the acceleration of the surge of the Japanese industrial sector. However, the subcomponent of the index of new export orders has considerably headed south, although it remained on the territory above 50, to indicate only the marginal growth rates.

The final index for all new orders accounted for 53.8, which appears to be more than the preliminary 53.5 as well as the final 53.1 in the previous month, although the growth of export orders has speeded down abruptly only to the marginal levels.

The Japanese yen has risen by up to 3% since the beginning of the year against the evergreen buck, and some economists have expressed concern that Japan's exports might weaken if the Japanese yen jumps, as it pushes up export prices.

 

[SebsCubs]

8 qualities of a successful trader.

https://goo.gl/SXpPo2

Many traders suppose that a profitable strategy will certainly lead them to success. However, they forget that the main part of a trade is a person. Why people who use the same strategy come to different results? Everything depends on their behaviour and attitude. In this article, we gathered the most useful qualities of successful traders.

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#FBS #Trading #Forex

 

[SebsCubs]

Are you interested in becoming CEO of your own company?

This trader started with nothing and became the CEO of his own company. Read his story in FBS blog

https://goo.gl/8wBG1z

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#OwnBoss #FBS #CEO

 

[SebsCubs]

America keeps considering quotas for steel and aluminum

More at: https://goo.gl/DV96mM

02.05.2018

American officials insist on quotas as well as other restrictions on imports of steel and aluminum, a senior sales representative told today after the White House announced an extension of the monthly benefits for Canada, Mexico and also the European Union.

As the White House representatives pointed out they will have quotas and also other restrictions so that they could protect their industries in the interests of national security.

In March the Trump administration told that it would impose a 25% duty on steel imports as well as 10% on aluminum in an attempt to stop imports from China, which, according to the US President, lowered prices and also pulled American companies out of business.

At the same time the US President dared to grant temporary exceptions to American allies, such as Canada, Mexico and the European Union, which expired on Tuesday morning. The administration told Monday night that these benefits will continue for a month. However, adding full duties appears to be one option.

Last night's decision turns to be a step forward anyway. That’s what Canadian Foreign Minister Christiane Freeland revealed to reporters on Tuesday. He added that Canada will keep working for full as well as permanent exemption from duties.

By the way, until Tuesday, South Korea turned out to be the only country with full exemption after it agreed to quotas. On Monday, the US government told that it managed to reach an agreement on constant duties for Brazil, Argentina and Australia.

In addition to this, the American authorities tried to link the exemption from duties for imports of steel and aluminum from the European Union in the direction of cutting duties for car imports. However, this step was denied by the European Union, which pointed out that it should get a permanent exemption from duties before conducting a broader discussion on trade.

 

[SebsCubs]

Evergreen buck fluctuates in a narrow range

More info: https://goo.gl/RdgJWC

02.05.2018

On Wednesday, the evergreen buck was trading close to a four-month maximum versus the pack of leading currencies ahead of the two-day Fed gathering.

Notwithstanding the fact that the Federal Reserve is anticipated to keep the benchmark interest rate intact at its political gathering, which is supposed to end today, next month it will undoubtedly face it again, considering evident signs of a possible acceleration in the American economy.

This week, the financial markets will also be focused on the April report on employment in the non-agricultural sector of the United States that might affect the further dynamics of the US currency.

Since the beginning of the year, market participants have observed a jump in sales of the evergreen buck. If future data on jobs in the United States show an increase in wages, it will undoubtedly contribute to the appreciation of the evergreen buck. That’s what some financial analysts pointed out.

Market participants are assured that America is on the verge of cutting taxes and US President Donald Trump's plans, a weird economic stimulus during a period of upbeat economic expansion, can further spur inflation and step up rate surge rates.

The Australian dollar moderately soared after the publication of data on the index of activity in the manufacturing sector of China.

In April, the manufacturing sector in China kept expanding at a faster pace than anticipated, as follows from the latest survey conducted by Caixin/Markit. The index of business activity tacked on to 51.1 in April versus an outcome of March - 51.0. Market experts had hoped for the dive to 50.9.

By the way, it’s worth noting that the indicator remains above the level of 50 that traditionally separates the expansion from the reduction.

Moreover, the April survey shows a further moderate improvement in operating conditions in the manufacturing sector of China.

 

[SebsCubs]

FBS offers special accounts for each type of traders.

"Zero Spread Account" is one of the options for those who like trading fast, best known as scalpers. We know that you like to trade the lowest time frames (1-minute and 5-minute) and the most liquid currency pair – EUR/USD, for that reason now you can trade more with zero spread, leverage up to 1:3000 and a maximum open positions and pending orders of 200.
Get the maximum profit trading with FBS https://goo.gl/CxBxzx
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#FBS #Trading #Scalping

 

[SebsCubs]

⚠ Common mistakes of Forex traders ⚠

https://goo.gl/LQacFS
We have gathered in this article the most common mistakes that traders make. Avoid your own mistakes, and be wise by learning from the faults of others!

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#FBS #ForexTrading #Traders

 

[SebsCubs]

In March unemployment in the eurozone is still at 8.5%

More info: https://goo.gl/Zp9eU5

03.05.2018

In March 2018 unemployment in the 19 countries of the eurozone is still at 8.5%, as in February. It follows from data uncovered by the Statistical Office of the European Union. This level turns to be minimal since December 2008.

As a matter of fact, the dynamics of the indicator generally coincided with the hopes of financial analysts.

In the European Union, unemployment is still at 7.1%. The given level appears to be the lowest in the European bloc since September 2008.

In March, in up to 28 EU countries there were 17.481 million unemployed, and out of which about 13.824 million were exactly in the euro area.

Compared to the previous month, the overall number of unemployed went down by 94 thousand in the European Union and also by 83 thousand - in the euro area. Additionally, compared with March the previous year, the number of unemployed people decreased by 1.930 million in the European Union and also 1.414 million in the euro area.

Besides this, among the EU countries, in March this year the lowest unemployment rates were seen in the Czech Republic (2.2%), Malta (3.03%) and Germany (3.4%), while the highest rate was observed in Greece (20.6%) as well as Spain (16.1%).

Compared to March last year, the unemployment rate headed south in all EU countries. The only exception was Lithuania – in this country unemployment was still at 7.5%. In Estonia, the indicator tacked on to 6.5% versus 5.3% in 2016.

The largest dive in annual terms was observed in Cyprus (from 12.3% to 9.1%), in Greece (from 23.2% to 20.6%), Croatia (from 11.8% to 9.4%) and also in Portugal (from 9.7% to 7.4%).

As for France, unemployment in this European country accounted for 8.8%, while in Italy it was 11%.

 

[SebsCubs]

US Nonfarm Payrolls

Keep reading at: https://goo.gl/gSx5vU

03.05.2018

Nonfarm payrolls or NFP is a monthly change in the number of employed people. It is the significant indicator of business health and, as a result, the whole economic activity in the United States. That is why traders pay high attention to it. The US dollar needs additional rate hikes this year, so a positive reading of the indicator will increase chances of the Federal Reserve raising interest rates. Look at an economic calendar at 15:30 MT time on May 4. If the data is positive, the US dollar will rise.

 

[SebsCubs]

Forex today: worries for the US dollar

More at: https://goo.gl/SnXCQP

03.05.2018

The US dollar is falling after the 3-day rise. On Wednesday, the Fed released the interest rate and gave comments on its decision. As anticipated, the interest rate remained unchanged at 1.75%, however, the comments were not supportive for the greenback. The Fed’s words about the “symmetric” nature of its 2% inflation target seemed to signal about an excess of the target. Furthermore, the FOMC removed the line saying the outlook had strengthened from its outlook that added worries to investors.

Investors are waiting for the trade negotiations between US and China in Beijing that begin on Thursday. Moreover, some important economic data for the US dollar will be released on Thursday and Friday. If actual data are greater than forecast ones, the US dollar will have chances to recover.

EUR/USD reached 200-day MA that appeared to be the resistance. So the pair rebounded. Thursday economic data are weaker than anticipated that is why there is a possibility that the pair will move to the support at 1.1920. However, a further depreciation of the US dollar will give chances to the euro to continue its rise. The resistance will be again at 200-day MA.

UK Services PMI data was weaker than expected (52.8 vs 53.5). As a result, the pound is suffering. GBP/USD reached the support at 1.3570 but did not break it. As no important data for the UK currency is anticipated on Thursday and Friday, the pair may break the support and move further to the 200-day MA at 1.3525.

The Australian dollar managed to find a support to recover. Today’s economic data appeared to be greater than expected: trade balance 1.53B vs 0.68B; building approvals 2.6% vs 1.1%. As a result, the AUD/USD pair broke the resistance at 0.7513 and now it is trying to move further. If the pair is able to close above this level, the next resistance will lie at 0.76.

USD/JPY could not stick above the resistance at 109.80 and moved down. An extensive trading is not anticipated as it is a bank holiday in Japan until next week. Now the pair is trading near 50.0 Fibonacci retracement. If the US dollar does not find a support, the pair will move to the pivot point at 108.75. However, if US-China trade negotiations are successful and the US economic data are positive, the pair will turn around. The resistance will lie at 110.20 (200-day MA).

Oil lost some points on Wednesday as crude oil inventories data showed a significant surplus: actual 6.2M vs forecast 1.0M. However, concerns about US sanctions on Iran overshadowed the surplus and oil managed to increase. Brent is near $73.50 a barrel, WTI is slightly above $68 a barrel. Let’s see whether the US will find an opportunity to withdraw from the agreement.
On Wednesday Bitcoin rebounded from the 100-day MA and closed above $9,000. Today the Bitcoin trading is not showing a significant movement, however, the cryptocurrency is still above $9,000.

Goldman Sachs, one of the largest financial institutions in the US, announced a launch of a Bitcoin trading desk. The company will offer its clients future contracts. Let’s see how Bitcoin will react.

That is all for today. Follow markets news with us!

 

[SebsCubs]

#Weekly CryptoNews

More in: https://fbs.com/analytics/news/#wee...nglish&utm_content=SebastianAnalyticsDCashPal

04.05.2018

Al Gore, former Vice President of the United States: “I think the fact that within the bitcoin universe an algorithm replaces the function of the government …[that] is actually pretty cool. I am a big fan of Bitcoin.”

Author: 360b / Shutterstock.com

Cryptocurrencies

Bitcoin is near a psychological level of $9,800. If the cryptocurrency is able to break it and stick above it, it will have chances to go further.

Another fork of Bitcoin – Bitcoin Prime- seems to happen soon. It will be based on the first cryptocurrency and Primecoin. News on the new fork caused mixed reaction of the society.

UNICEF Australia launched a website for the charitable mining of Monero. Everyone is able to mine some cryptocurrency to help needy children.

Fundstrat Global Advisors launched new indexes for cryptocurrency investors:

Commodities, Platforms, Privacy, Exchanges, and Stablecoins. The commodities include Bitcoin, Bitcoin Cash, Litecoin, Monero, and Zcash. According to the company, “Commodity tokens” are a good way to attract institutional investors.

Goldman Sachs is launching a service for a bitcoin futures trading. The company waits for a permission of US regulators. As soon as it has the permission, an official date of the service’s launch will be released.

A head of an online broker Monex declared that cryptocurrencies can incredibly rise as it happened to derivatives in the 1980s. He noticed that 40 years ago few people understood derivatives, when regulators hated them, however, the society accepted the derivatives in some years. (Earlier the broker Monex bought the cryptocurrency exchange Coincheck)

Regulation

Although Iran just recently banned operations with cryptocurrency assets, it has already announced a development of a national cryptocurrency.

A financial regulator of Japan forces local cryptocurrency exchanges to stop trading anonymous cryptocurrencies such as Monero, Zcash, Dash, and others. However, there is no official ban yet.

A Dubai police apprehended criminals that were selling Bitcoins. They tied credulous buyers, took away their cash in the amount of $1.9 million and disappeared, but the victims managed to get free and go to the police.

US regulators plan to consider Ethereum assets as securities. If they recognize Ethereum traded on stock exchanges as a security, Ethereum assets will be a subject to completely different legislative requirements.

A ban on ICO (in action since September 2017) in South Korea can be canceled. ICO can be legalized but it will be under control of the Financial Services Commission and the Ministry of Science.

Cryptocurrency exchanges

Two large cryptocurrency exchanges Binance and OKEx plan to make Malta a center of their business. Analysts are sure that other cryptocurrency exchanges will transfer their businesses there as well. Malta develops rules that will regulate an activity of brokers, exchanges, and traders. To date, these rules are one of the most complete in the cryptocurrency industry.

Blockchain

A blockchain consortium for a development of the car industry MOBI was created. It consists of 30 companies; BMW, General Motors, Ford, Renault, Bosch, IBM, and IOTA are among them.

According to the Wall Street Journal, Pavel Durov, a founder of Telegram and blockchain TON, will not hold a public ICO.

Bitcoin $9,799 (+6.30%)

DASH $502.78 (+3.45%)

Ethereum $808.72 (+12.93%)

 

[SebsCubs]

Important Economic Events

Nonfarm payrolls or NFP is a monthly change in the number of employed people in the US. It is the significant indicator of business health and, as a result, the whole economic activity in the United States. That is why traders pay high attention to it. The US dollar needs additional rate hikes this year, so a positive reading of the indicator will increase chances of the Federal Reserve raising interest rates. Look at an economic calendar at 15:30 MT time on May 4. If the data is positive, the US dollar will rise.

Follow this event on the FBS economic Calendar https://fbs.com/analytics/calendar?...nglish&utm_content=SebastianAnalyticsDCashPal

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#FBS #NFP #USD #ForexTrading

 

[SebsCubs]

There are plenty of opportunities to make money you only need to pay attention. Phongphat Wetchakarn is a simple young man from Thailand, a former student and a trader in his part-time. He didn’t have a lot of trading experience, instead, he used his knowledge and common sense to make the most out of $123 bonus.



Great trading example from his story. Read and learn a few tips for your trading!

https://fbs.com/blog/how-to-earn-50...English&utm_content=SebastianS_TraderDCashPal

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#FBS #Trade #123

 

[SebsCubs]

FBS Football Journey 2 Contest FINALE!

Check out the winners that will be traveling to Russian to visit the biggest Football event this summer!

https://fbs.com/news/football-journ...&utm_content=SebastianFinalefootball2DCashPal

#FBS #FBSFootBallJourney #FBSContest #FBStravel #FBSFootball

 

[SebsCubs]

FBS Video Lessons

In this video Tutorial LESSON 21. Position size, level of risk
Imagine you put $1000 on your deposit and you want to trade. Should you use the entire sum at once?
‍Step 1. Don’t risk more than 1-2% of your deposit for one trade. This way even if some of your trades aren’t successful, you won’t lose all your money and will be able to keep trading.
‍Step 2. Establish where the stop loss will be for a particular trade. Then measure the distance in pips between it and your entry price.

For more steps and informations
https://fbs.com/analytics/videoless...ish&utm_content=SebastianVideoLessonsDCashPal


Do not forget to chose your language from the video's subtitles
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#FBS #ForexTrading #Forex

 

[SebsCubs]

Unemployment in the USA dives below 4% for the first time since 2000

In April 2018 the overall number of jobs in the American economy tacked on by 164 thousand. That’s what the Ministry of Labor of the country informed. The leap for the previous month was updated upwards from 103 thousand to about 135 thousand jobs.
All above informations very imporant for your trades and strategies.
Don’t miss any important news announcements! ⚠
Use FBS Economic Calendar and make sure you won’t miss an opportunity to make profit!

https://fbs.com/analytics/calendar?...English&utm_content=SebastianCalendarDCashPal

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#FBS #Inflation #FX #Economy