Daily Market Analysis from FBS

The European Central Bank, Christine Lagarde and the euro.


Mario Draghi, the former president of the European Central Bank, has officially left his post on November 1. A schism among the monetary policymakers, an uneasy sentiment towards the ECB in many countries and a pre-recession-state in the Eurozone – these are some of the challenges that Mr. Draghi had to pass on to his successor. Christine Lagarde, the new ECB president, will have to steer the ECBs monetary policy through strong headwinds that are already engulfing Europe. Let us see what she will be facing and how that may affect the euro.

For more-
https://fbs.com/analytics/articles/t...ytics_Carigold

Understanding the market conditions and situations is hardly needed by the Forex traders because it is one of the most difficult business in this world where foreign currencies are exchanged from one country to another at the best price. In my whole trading career I have only trading been with ForexOne the global broker because they give easy and simple learning programs for their entire clients whereas I have learned from their free video tutorials.

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The outlook for the GBP

18.11.2019


The British pound has been enjoying itself versus the other major currencies during the past weeks. The GBP welcomed the news that Prime Minister Boris Johnson has finally managed to consolidate some power in his hands. Johnson has managed to set the general election for Dec. 12 hoping to get a Parliament that would be more favorable to his Brexit deal. So far this seems to be working: Johnson's Conservative Party has a good lead in the opinion polls.


The most trusted source for public opinion is a resource called ‘YouGov’. The latest YouGov poll released on Nov. 16 shows that the Conservatives have the support of 45% of voters, while the Labour Party is supported by only 29% of the UK population. Other polls confirm the strength of the Conservatives. The most important thing is that, as time goes by, the Conservative Party gets further and further ahead of its main competitor. In addition, the Brexit party announced last week that it wouldn’t stand in 317 seats won by the Conservatives in 2017.
For more -
https://fbs.com/analytics/articles/the-outlook-for-the-gbp-21197?utm_source=forum&utm_medium=affiliate&utm_campaign=EN_Engl ish&utm_content=Rohit_Analytics_roleclub

"""��FBS Got The ‘Best Forex Broker in the Middle East’ Award��


For the second year in a row, the “Top 50 in Financial Markets” awards are held on the sidelines of the Egypt Investment Expo to recognize top-performing businesses across the globe. FBS visited the Expo in October and gained recognition as the ‘Best Forex Broker Middle East’, which we are very proud of!


Thanks for inspiring change in us!
https://fbs.com/news/best-forex-brok...Award_roleclub
Attachment 15836

USD JPY is in a correction after checking the local support level.


19.11.2019



On the H4 chart of USDJPY, the US dollar started the day checking the support level of 108.58, which was formed yesterday. After dropping to this mark, the price bounced back up but did not reach the local resistance. The Parabolic SAR indicates that this is most probably a temporary correction within a larger trend down. Therefore, the bears may open shorts before the price aims to test again the support of 108.58. If it is broken, the next target may be located at 108.33. The bulls may place the resistance levels at 108.67, 109.00 and 109.10.
For more- https://fbs.com/analytics/articles/u...ytics_roleclub

"Pivot Points ����


We all had this problem when it was hard to define the target levels for the price. Usually, the choice of support and resistance levels has a lot of subjectivity involved. That is why many traders use indicators to determine more universal target levels. One of the simplest ways to do that is to use Pivot points.


What are Pivot Points?


Pivot points are significant support and resistance levels, which can define potential trades. They were calculated by professional floor traders (exchange members who execute transactions from the floor of the exchange, exclusively for their own account) to set the key levels. These traders used to adapt rapidly to the short-term changes in the market.
For more-
https://fbs.com/analytics/guidebooks...ints _roleclub

Attachment 15864

NZDCAD in a bearish reversal


On the H1 chart of NZDCAD, the price has started an uptrend last Friday. Currently, it has been consolidating at the resistance level of 0.8542. The Stochastic Indicator shows the fast line crossing the slow one upside down within the overbought zone. While the RSI indicator is about to cross the 70% upside-down. That means that the price is experiencing downwards pressure and is likely to decline. If it bounces down from the resistance level of 0.8542, the support levels may be located at 0.8505 and 0.8498. Otherwise, an additional resistance level may be placed at 0.8562.
For more-
https://fbs.com/promo/leverage3000?u...ytics_roleclub

"��FBS CopyTrade App Was Awarded As The Best Copy Trading Platform��


In October, FBS team visited Egypt to meet the local investment community at the biggest financial event - Egypt Investment Expo 2019. Along with other Expo activities, the “Top 50 in Financial Markets” awards ceremony was held on the sidelines, recognizing the best services, both local and global. Guess who received the award for the best copy trading experience? We did!


Thanks for using our services, giving us valuable feedback, and helping us make our products #1 in the industry!
Go here- https://bit.ly/37Bv5C8
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"Pay attention to the trading schedule change on November 28-29, due to the celebration of Thanksgiving. ����


There will be some changes to the trading hours.
November 28: 2⃣8⃣/1⃣1⃣
⛔Trading with the US stocks will be closed.


November 29: 2⃣9⃣ /1⃣1⃣
➡ S&P500, NASDAQ - early close at 20:15 MT time
➡ XAUUSD, XAGUSD, Platinum, Palladium - early close at 20:45 MT time


Don’t forget to adjust your trading plan to these changes!
For more-https://bit.ly/33qfzFO
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Attachment 15875

"Today you can automatically copy the leading Traders of our community! ��*��������*♂


What if we told you that you could follow the successes of good traders and win like them? Let us to show you a good opportunity to start trading!!!


Join the League of smart investors with FBS CopyTrade – a social trading platform that allows you to follow the selected professionals’ strategies, automatically copy the leading Traders of our community, and gain fabulous profits.


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Attachment 15900

NZDCAD rises to the August resistance

02.12.2019


On the H1 chart of NZDCAD, the price has been rising today and has almost reached the August resistance level of 0.8598. As it has been moving above the upper band of the Envelopes, we may assume that this upward movement may continue until the price actually reaches this resistance. As the RSI and the Stochastic are already in the overbought zone, it is very likely that this level will be a market reversal point. Hence, bears need to wait until the RSI crosses the 70% upside-down and the Stochastic’s fast line crosses the slow one the same manner to confirm the downward reversal moment. The support levels for this scenario may be located at 0.8515 and 0.8500. An additional resistance level may be placed at 0.8613.
For more-http://bit.ly/35TQULx

"🎉14 Million Clients around the World🎊


Every time the number of clients we acquire globally strikes us! It is astonishing how many people trust us and treat their finances with thorough consideration. This number is our motivation for further development.


We’ll continue to improve the impressive educational base that we share with all the clients free of charge. Any trader from a newbie to a pro can brush up the knowledge of trading basics and advanced techniques in our Forex guidebook.


✨Once again – thank you for staying with us! ✨
Go here-http://bit.ly/2DBCbcb
Attachment 15902

"🎉Today is an NFP day! Tune in at 15:30 MT time🎊

It's NFP today! On December 6, the non-farm payroll numbers will give traders an idea of what’ll happen with the USD.
This time, the USD is boosted against the related currencies as the US-China situation is gradually improving, Will that impression be supported by the NFP release, in line with the average hourly earnings and the unemployment rate?
➡ If the NFP outperforms the forecasts, the USD will rise
➡ If the NFP does not exceed the forecasts, the USD will fall.
Stay tuned for the upcoming release and remember: the hottrest trading opportunities happen right after the release!
Go here-https://fbs.com/cabinet/login ?utm_s..._ NFP_roleclub
Attachment 15924

"How much can a trader lose? The world’s biggest trading failures〽🤦*♂


1. $2,3 billion was illegally traded away by a Swiss investment bank’s trader Kweku Adoboli. He used bank’s money for unauthorized trades and hided his losses. After all, his girlfriend advised him to confess, which he did and went to jail for 3 years in 2012.
2. $2,6 bln was lost by a Japanese company Sumitomo because of the copper crisis caused by a trader Yasuo Hamanaka aka Mr. Copper. He’s also known as Mr. Five Percent because he controlled 5% of the global copper market. He spend 8 years in prison.
3. $7,2 billion was lost by Jerome Kerviel, a junior derivatives trader from Societe Generale, one of Europe’s largest banks. He served 5 months in jail but his case is still in progress.

Manage your risks and stay in contact with reality. Have a safe trading week!
For More-http://bit.ly/357kIEo
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