flag-gb flag-my flag-zh flag-id flag-th flag-vi

Traders sell USD dollar before US labor market data

By the end of the trading week, a positive sentiment persists in the markets. Bullish market mood in equities is determined by two important factors. First, Trump's statements about a telephone conversation with Xi Zingping, in which the parties discussed trade issues, provided speculative support to the markets yesterday. On this background, Asian markets showed a very positive trading session - Japanese and Chinese indices gained more than 2 percent in Friday's trading. Europe is trading in the green as futures for US markets are also growing.

Today, markets will analyze the most important data for the week - data on US labor market. Expert predict strong data. As for the rest of the statistical information. In Europe, PMI of the manufacturing sector for the EU as a whole and for individual countries was published today. The total figure dropped from 52.1 to 52.0 points. In Germany, the decline was also 0.1 points, from 52.3 to 52.2. In both cases, deviations from forecasts are minimal, so the impact on trading is not strong, although buyers' optimism may diminish a little.

Yesterday a lot of market attention was forwarded to the corporate report data on the American corporation Apple. The data turned out to be positive, earnings per share exceeded the level of forecast expectations, but fears cause a decrease in Iphone sales in quantitative terms (46.9 million copies with a forecast of 47.5 million) and the company's forecasts for the 4th quarter. In general, yesterday's events did not have a significant impact on the broad market sentiment.

Today US dollar continues to weaken on the FOREX market. The dollar didn’t even try to recovery despite the upcoming data on the labor market. It looks like the market decided to sell the dollar, ahead of release of statistical information. European currency marked session highs around $1.1455, the British pound stopped progress in the area of 1.3040. Gold is trying to consolidate and fix above the 1233 mark.

Latest news

Reduced spreads for popular pairs

2021-02-11 15:07:39

FortFS wishes all traders a Happy Chinese New Year! Only from February 8 to March 12, 2021, we reduce spreads for the 4 most popular trading pairs. New values*: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 *These values are valid only for FLEX accounts Hurry up to take advantage of the offer! Learn more about spreads: https://www.fortfs.com/clients/specifications

Deposits are even more profitable now!

2021-02-01 11:29:44

Only until February 26, special deposit rates* are available for all traders in Malaysia, Indonesia, Vietnam and Thailand: 3.6 MYR = 1 USD 10 000 IDR = 1 USD 20 000 VND = 1 USD 25 THB = 1 USD *Only Local bank deposit method is included Hurry up to take advantage of the offer until […]