How to trade on September 16?

How to trade on September 16?

The market calms down ahead of the Fed’s statement this evening. Most analysts expect the central bank will deliver the dovish statement, leaving rates at low levels for even longer. Those expectations are based on the previous Fed’s report, when it allowed inflation and unemployment rates to overheat. In this case, the US dollar will dip.

Anyway, the safe-haven greenback has been already on the back foot amid upbeat market sentiment due to optimistic vaccine hopes. Donald Trump announced that a vaccine has to be ready in the mere 4 weeks! Elsewhere, US industrial production for August came out worse than analysts expected: 0.4%, while the forecast was 1.2%. However, US Empire State Manufacturing Index beat estimates: 17.0 against the forecast of 6.2.

Let’s look at EUR/USD. The RSI shows that the euro is not overvalued yet. If the pair manages to cross 1.1900, it will open doors towards the next high of August 19 at 1.1950. Otherwise, the move below 50- and 200-period moving averages at 1.1835 will drive the price lower to the support of 1.1770.

EURUSDH4.png

Meanwhile, economic data was also mixed in the UK. The British CPI exceeded expectations: 0.2% vs. the forecast of 0.1%. Whereas, Producer and Consumer Price Indices came out worse than forecasted. The British pound is climbing up. If it manages to cross the high of September 10 at 1.3015, it will jump to the next round number at 1.3150. In the opposite scenario, if it falls below the recent low of 1.2780, it will drop to the strong support at the lower trend line at 1.2730, which it’s unlikely to break.

GBPUSDH4.png

The Japanese yen gained on the better-than-expected trade balance and the weak USD. Many analysts expect the pair to fall to 105.15-105.20 zone, if the Fed delivers the dovish statement this evening. If it manages to cross it, the pair will plummet to the key psychological mark of 105.00. Resistance levels are 105.50 and 105.80.

USDJPYH4.png

Finally, let’s talk about gold. It has escaped the triangle, breaking through its upper line. The jump above the high of September 1 at $1 990 will drive the price to the next high at $2 015. Support levels are at $1 940 and $1 925.

XAUUSDH4.png

That’s all for today! Follow US core retail sales at 15:30 MT time and then the Fed’s statement at 21:00 MT time!

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