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Market analysis and trade recommendations by FBS

How to predict the exchange rates?

You learned how to open and close trading orders In Metatrader. Now you are ready to trade on the Forex market. But how to decide what to do – buy or sell? Is there an answer?

Luckily there is! You buy a currency if you think that its exchange rate will rise in the future and you sell it if you predict its price to decline.

To make such a forecast, you need to look at two things: a chart in Metatrader and an economic calendar. Here you will find a quick guide on how to analyze the Forex market and trade with profit

https://fbs.com/analytics/tips/how-...tm_content=SebastianExchangeRateGuideDCashPal
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#FBS #ForexMarket #ForexTrading

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The Dow index dips

More at: https://fbs.com/analytics/news/the-...nglish&utm_content=SebastianAnalyticsDCashPal

29.05.2018

On Tuesday, American stock futures went down because worries about the geopolitical situation in the European Union worried market participants.

The Dow blue-chip index futures headed south 0.70% demonstrating a reading of 24557.0. At the same time the S&P 500 futures went down 0.70% coming up with 2699.25. Additionally, futures of the high-tech Nasdaq 100 slumped by 0.52% trading at 6924.75.

Italian populist parties gave up plans to build up a coalition government right after Italian President Sergio Mattarella didn’t want to approve the post of Minister of Economy and Finance for the well-knwon Eurosceptic rolled out by these political parties. The ex-IMF official, Carlo Cottarelli, was urged to create a new Italian government. Moreover, early parliamentary elections are anticipated to take place in August.

Investors keep worrying about the fate of talks between the United States and North Korea. In spite of the fact, the US president canceled the summit with the North Korean leader, on Friday he told that talks with the isolated regime are still possible.

At the auction before the market started, equities of the Chinese social network Momo Inc that went up by 8.47% after the publication of the company's report, surpassed forecasts of financial analysts. It’s because one of the top performers, stocks of Frontline Ltd rallied by about 5.46%.

In addition to this, Bank of America shares dived 2.69%, Nokia Corp ADR lost 5.05%, while equities of Barclays headed south by 3.76%.

As for European stock markets, they were seen in the red zone. As a matter of fact, the French CAC 40 went down about 1.42%, the German DAX sank by 1.94%, while the London FTSE 100 declined by 1.34%. Besides this, the Euro-European index Euro Stoxx 50 dipped by 1.63%, the Spanish IBEX 35 lost by 2.46%.

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Forex today: the greenback is climbing down

30.05.2018

Something you should definitely know. George Soros warns about another financial crisis. According to the legendary billionaire, rising anti-European Union sentiment, the disruption to the Iran deal, a soaring dollar and investors taking money out of emerging markets are adding up to bad news for the global economy.

The US dollar index couldn’t break the resistance at $95, so it rebounded. The index is below $94.50. The support lies at $94.30. Today traders will pay attention to nonfarm employment change (15:15 MT time) and prelim GDP (15:30 MT time). The forecast isn’t encouraging, however, if the actual data are greater, the greenback will be able to rebound.

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Continue at: https://fbs.com/analytics/news/forex-today-the-greenback-is-climbing-down-2759?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_English&utm_content=SebastianAnalyticsDCashPal
 
American equities tack on before the release of US economic data

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30.05.2018

On Wednesday, US equities started with a jump. Market participants have dismissed concerns about political instability in Italy and expect US economic data to be uncovered soon.

The Dow blue-chip index futures went up 0.56% to 24514.0, the S&P 500 futures rallied 0.48% being worth 2,705.25. Futures of the high-tech Nasdaq 100 jumped by 0.36% trading at 6969,50.

On Tuesday, market participants were worried about the worsening political crisis in Italy. The likelihood of forming a government at the last minute seems unlikely compared with the probability of a repeat election in July. Traders fear that early elections in Italy are going to be a pure referendum on the country's further stay in the European Union.

Tensions in trade relations between the United States and China persist after Donald Trump told on Tuesday that the imposition of tariffs on imported Chinese goods was approaching $50 billion. Chinese officials told that notwithstanding the shocking statements by the US government, China will be able to protect its national interests.

Equities of the brewing company Anheuser Busch Inbev , which tacked on by 1.69%, turned out to be one of the surge leaders. Equities of the social network company Momo Inc rallied by 1.43%, and the shares of Royal Dutch Shell ascended by 2.08%.

In addition to this, Nokia Corp ADR declined 0.34%, while shares of NXP Semiconductors NV edged down approximately 3.67% after a message that the manufacturer of Qualcomm chips will get permission from China to buy a Dutch company.

Market participants also expect several American economic reports, which will enable them to assess the strength of the American economy.

Meanwhile, in Europe stock were generally in the green zone. The French CAC 40 dived by 0.24%, the German DAX soared by 0.52%, the London FTSE 100 added by 0.27%.

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Forex today: appreciation against the USD

More info: https://fbs.com/analytics/news/fore...nglish&utm_content=SebastianAnalyticsDCashPal

31.05.2018

The US dollar index strongly fell on Wednesday because of weak economic data. Prelim GDP growth was weaker than the forecast one by 1 percentage point (2.2% vs 2.3%). ADP nonfarm employment change was weaker as well (178K vs 191K). Up to now, the US dollar index is below $93.90. The support lies at $93.50. A lot of economic data will be released today. If actual data are greater than the forecast ones, the US dollar will be able to recover.

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Weekly Crypto News

More info: https://fbs.com/analytics/news/week...nglish&utm_content=SebastianAnalyticsDCashPal

01.06.2018

Wikipedia Creator Jimmy Wales: “Right now, we are in a bubble. The crypto world is absolutely, definitely in a bubble. I don’t think there are many people who would deny that”.

Cryptocurrencies

Bitcoin managed to rebound from the psychological level of $7,000. Up to date, the cryptocurrency is trading above $7,400. The next aim to break is $7,600 (100-hour MA). 50-day MA is to cross the 100-day MA bottom-up. It’s a positive signal for Bitcoin. The support still lies at $7,000.

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Hackers attacked Canadian leading banks “Bank of Montreal” and “Simplii Financial”. They requested $1 million in cryptocurrency for not publishing personal data of banks’ clients.
John McAfee plans to release his own crypto-backed fiat currency, the McAfee Redemption Unit (MRU), on June 25.

Regulation

The National Committee for the standardization of the blockchain will start working this year in China.
President of the People's Republic of China Xi Jinping said that Chinese authorities will support a development of blockchain.
South Korea’s National Assembly officially proposed lifting an ICO ban. Also, the Assembly offered to create legislation for cryptocurrency trading and let conduct ICO through a standing committee of the National Assembly.
The Supreme Court of South Korea created a legal precedent, recognizing cryptocurrency as an asset that can be confiscated by a court decision.
A ban on anonymous cryptocurrencies will be in force since the next month in Japan. It’s worth saying that local regulators are tightening a regulation of the cryptocurrency industry.

Cryptocurrency exchanges

Clients of the cryptocurrency exchange Poloniex have to provide their personal data to conduct transactions with cryptocurrencies.
The cryptocurrency exchange Bithumb blocked accounts of clients from 11 countries. They are North Korea, Iran, Iraq, Syria, Sri Lanka, Tunisia, Yemen, Vanuatu, Bosnia and Herzegovina, Ethiopia and Trinidad and Tobago. These countries don’t have a proper regulation on terrorism and laundering of money.

Blockchain

A number of Lightning channels in the bitcoin network exceeded 7,000. Analysts are sure that Lightning Network can provide a revolution in the cryptocurrency industry. The bandwidth of bitcoin may surpass large payment systems, such as, for example, Visa.
China continues to implement blockchain into different services. For example, Baidu Baike (Chinese Wikipedia) implemented blockchain to record the revision history of articles. Earlier Baidu launched a blockchain service for stock pictures.


Bitcoin $7,574 (+0.22%)

DASH $310.01 (+0.38%)

Ethereum $587 (+2.52%)

Litecoin $120.31 (+0.48%)
 
FBS Video Lessons

This video Tutorial is about Metatrader 4.
Charts in MT4
In this video, we’ll talk about the key part of the trading terminal – price charts.
In the previous video, we saw that there are several ways to open a new chart in MT4.
Learn the basic steps with MT4 to start trading successfully.
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

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Did you check profitable events in this week?

Monday, June 04
Construction PMI - #GBP

Tuesday, June 05
Services PMI - #GBP
ECB President Draghi Speaks - #EUR
ISM Non-Manufacturing PMI - #USD

Wednesday, June 06
Crude Oil Inventories - #USD
Trade Balance - #CAD

Thursday, June 07
BOC Gov Poloz Speaks - #CAD

Friday, June 08
Unemployment Rate - #CAD
Employment Change - #CAD

You can find more events in FBS Calendar! Just Click it⬇

https://fbs.com/analytics/calendar?...nglish&utm_content=SebastianJCalendarDCashPal
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#FX #Calendar #FBS

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RBA meeting will set the way for AUD/USD

The Australian dollar has suffered a lot since the end of January 2018. Recently AUD/USD fell to the lowest levels since June 2017. However, the Reserve Bank of Australian does not want the Australian dollar to strengthen because it would threaten the nation’s economic growth. As a result, the central bank keeps its interest rate at the record low of 1.5%.


According to the RBA governor Philip Lowe, the “Australian dollar has depreciated a little recently, but on a trade-weighted basis remains within the range that it has been in over the past two years. An appreciating exchange rate would be expected to result in a slower pick-up in economic activity and inflation than currently forecast.”



The Reserve Bank of Australia will release its rate statement at 7:30 MT time on June 5. Although there are no doubts that the RBA won’t increase the interest rate at this meeting, it’s still worth reading the central bank’s statement. There will be an outlook on current economic conditions and clues on the future monetary policy. The dynamics of the AUD will depend on the tone of the RBA.

• Dovish RBA – weak Australian dollar;
• Hawkish RBA – strong Australian dollar.
 
Production orders in America dive by 0.8% in April

In April, new orders for goods produced in the United States headed south more than expected that was provoked by a dive in demand for transportation equipment as well as spare parts, although the key trend kept determining a firm impetus in the manufacturing sector.

Orders for factory stuff slumped by 0.8%, as the Ministry of Commerce informed on Monday. As a matter of fact, the data for March was updated to show that orders headed north by 1.7% instead of the previously achieved surge of about 1.6%.

Market experts forecast that in April production orders would go down by 0.5%. Compared to 2017 orders rallied by 8.3% in April.

The monthly sag in production orders will probably be temporary in the face of sturdy production conditions in May. A survey conducted the previous week disclosed that moods among producers were much better in May due to a leap in new orders.

Orders for transportation equipment went down by 6% due to a 28.9% sag in the wavering category of orders for civilian aircraft. Transportation orders managed to ascend by 6.9% in March. Orders for vehicles went up by 1.0% in April.

Orders for equipment went down by 0.7% having sagged by 3.1% in March. It influenced the reduction of orders for mining, gas and oil equipment by 11.6%. As for orders for industrial machinery, they inched down by 10%.

There was a dive in the number of orders for PCs. However, orders for household appliances, electrical equipment as well as components dipped by approximately 1.8%. Orders for factory metal products along with primary metals have slumped too.

Shipments of key capital goods employed to calculate the cost of business equipment in the GDP report rallied about 0.9% in April versus a 0.8% jump the previous month.
 
Scaling in trading Strategy

Neither traders nor high-profile analysts can say for sure which way the prices will go. This is a cautious way of trading called “scaling in” to help you smooth your risks when you have a really great idea on how to trade a certain currency pair, but you don’t want to risk the whole sum of money you possess. Learn here how to apply it in your trading

https://fbs.com/analytics/news/fore...nglish&utm_content=SebastianAnalyticsDCashPal

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#FBS #TradingStrategies #ForexTrading

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Forex today: the USD continues to plunge

More info: https://fbs.com/analytics/news/fore...nglish&utm_content=SebastianAnalyticsDCashPal

06.06.2018

The US dollar index is lower and lower. It is trading near $93.65. Forecasts for today’s economic data aren’t encouraging. If the actual data are greater than the forecast, the US dollar will have chances to find a foothold. Otherwise, the index will fall to the support at $93.50.

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Finally, the euro strongly rebounded from the support at 1.1650. Up to now, EUR/USD is trading above the resistance at 1.1750. No important economic data will be released today, so the euro can rely only on the weak greenback. 50-day MA is near to cross the 200-day MA upside down. It’s a warning signal for the trading. There is a risk of the fall, however, until MAs will be crossed, the trading will be bullish.

The euro is highly volatile as the European Central Bank keeps the quantitative easing program. However, positive news for the euro may come on June 14 when the ECB will hold a press conference. European Central Bank policy makers anticipate holding a pivotal discussion at their meeting next week that could conclude with a public announcement on when they intend to cease asset purchases. Moreover, the ECB is anticipated to debate whether to gradually unwind bond purchases. The head of Germany’s central bank, Jens Weidmann, said market expectations for an end to bond-buying by end-2018 were plausible.

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The Japanese yen continues to depreciate against the US dollar. USD/JPY rebounded from the support at 109.70. Up to now, the pair is trading near the 200-day MA (110.20) that is a strong resistance for the pair. If the US dollar index continues to fall, the pair won’t be able to break the resistance, otherwise, the pair will move further to 110.85.

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The Australian dollar is rising again because of encouraging economic data. GDP growth was greater than expected (1.0% vs 0.9%). As a result, AUD/USD rebounded from the support at 0.7610 and tested resistances at 0.7640 and 0.7660. On the weekly chart, 100-week MA at 0.7640 doesn’t let the pair stick above it. No more significant data will be released today. However, tomorrow traders will take into consideration trade balance data (4:30 MT time). The forecast is weaker than the previous data, so the AUD/USD pair has risks to return to 0.76 (50-day MA is a strong support). If the data is greater than the forecast, the aussie will have chances to gain a foothold above 0.7660.

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Oil is going up. Brent is trading near $75.90, WTI is at $65.60. Today investors will look at crude oil inventories data at 17:30 MT time. The forecast shows a decline of inventories, however, the decline is less than the previous data. If the actual one shows a surplus or less deficit than the forecast, both oil benchmarks will decline.

Brent: support lies at $74.60 (50-day MA and the trendline), resistance is at $76.65.

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WTI: support is at $65.20 (100-day MA), the resistance is at $66.30 (the trendline).
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That is all for today. Follow markets news with us!
 
Scalping Trading Style

It is one of the most popular forms of trading, especially among newcomers.
The main objective of scalping is to rush into the trade at the busiest hours of the day, grab a very small amount of pips and exit the market immediately. But the scalper must always know where to stop as overtrading may quickly erode the account balance once he/she steps into a bad streak.

The key advantage of this trading style is high potential returns (well, if you’re quick and dexterous enough to execute your trades in a very short period of time).

Scalping doesn’t suit those who are not used to trade in a high-risk environment.

Trade Forex with FBS and Learn More about this type of Trading here ⤵

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That FBS 8 millionth trader is coming soon

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FBS Video Lessons

This video Tutorial is about Metatrader 4.
Technical indicators in MT4
The MT4 platform offers a wide range of indicators that simplify market analysis.
Indicators save your time and visualize important things about the price chart.
Learn the basic steps with MT4 to start trading successfully.

https://fbs.com/analytics/videoless...ish&utm_content=SebastianVideoLessonsDCashPal

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

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