Thread: Forex daily Analysis by FBS

Fundamental Factors to consider in your analysis

1. Economic indicators

Economic indicators are snippets of economic and financial data released by private and governmental agencies. We would now like to introduce the most influential economic indicators and define their impact on the prices of the currencies.



Output indicators:

Sentiment indicators:

Labor market indicators:

Housing market indicators:
Inflation:

Trade balance:

Current account balance:

In this article, You can learn the most important to consider

http://bit.ly/2Q6wLdw
---------------------------------------------

Which are the events affecting the Oil Prices?

Two important economic releases every week:

Crude oil Inventories of the Energy Information Administration (EIA), every Wednesday: It measures the weekly change in the number of barrels of commercial crude oil held by US companies.
When crude inventories increases more than expected, it is bearish for crude prices.
When inventories are below the expectations, it implies bullish movement for crude prices.

The Baker Hughes rig count, every Friday: It is an important business barometer for the oil drilling industry.
When drilling rigs are growing, it means that American oil production is growing as well, and vice versa.
When there is too much oil production (offer), oil prices fall and low production generates high prices.

And overall, OPEC’s agreements help to balance the market by reducing the production of its members.

Check our Economic Calendar http://bit.ly/2Ig6xCm to be aware of these releases and you can trade CFDs on WTI and Brent with the best trading account in FBS.
---------------------------------------

TRADE GOLD WITH FBS.

Gold prices (XAU/USD) opened the year in 1,320.79$. Geopolítical tensions, trade War, changes of american monetary policies are among other key factors which have affected the quotes of the yellow metal.
Can we expect more bearish moves, what do you think? Will you go long or short this week?
Share with us your thoughts and choose the best trading account from FBS http://bit.ly/2OQv6bK
---------------------------------------

#WeeklyCryptoNews

More at: http://bit.ly/2Qg7ptD

28.09.2018

Tim Draper, billionaire, cryptoinvestor: "I think <cryptocurrencies> will have such a transformation effect on industries that we never even imagined would be imitating. The Internet went for industries that were $10-100 billion dollars markets, cryptocurrency will go for billions of dollars markets – this is finance, healthcare and insurance, banking and investment banking and governments."

Bitcoin started bearish on Monday and the price dropped again to the last week levels at $6330. Positive news on Wednesday gave the digital currency a chance to recover. On Thursday it crossed the 100-day MA at $6676 aiming the resistance at $6812. The next resistance is at $7360. If situation on the market changes, the support is at $6194.



Yet another attempt to control the wild west of digital money?

On Tuesday representatives from the US Congress, equity markets (Fidelity, Andreessen Horowitz and Nasdaq) and crypto community (Ripple, Coinbase and Circle) discussed the regulations of cryptocurrencies.

These discussions may, however, have positive effect: Google will allow an advertisement of cryptocurrencies for Japanese and the US exchange platforms, that is, for two key markets in October.

The leading crypto trading platform Binance will increase the market supply of its own tokens from $112 to $144 million.

Another one football club, Italian Juventus announced the release of its own cryptocurrency. Can’t wait for football fans to crash trading platforms.

Blockchain payment platform for government department’s needs was launched in Dubai. The goal of this project is to make a transparent environment for the financial flows and to reduce time of processing payments. If only all countries followed Emirates’ approach!
The US court defined crypto as a commodity during the proceedings against “My big coin pay inc.” scam project.

Chinese search engine Baidu presented white paper of its own blockchain platform Super Chain which will help to optimize any industry from product quality controlling to tourism.

Equities switch to blockchain: The Austrian government will release bonds with a total value of $1.35 billion using Ethereum technology on October 2.

SWIFT has a new competitor now. Blockchain startup Veem attracted $25 million of investments with the main investor Goldman Sachs

Japanese financial giant SBI Holdings started testing its own cryptocurrency S coin. They plan to use the crypto for mobile payments. And if you launched your own cryptocurrency, how would you name it?

Sophos, cyber-protecting company, found viruses-miners in 25 applications on Google Play.

So maybe the tetris game you downloaded yesterday helped someone to earn some BTCs ;)

Bitcoin $6,736.7 (+4.34%)

DASH $192.83 (+4.19%)

Ethereum $226.63 (+6.51%)

Litecoin: $62.390 (+9.40%)

�� Trade during these events:

Monday, October 01
�� Manufacturing PMI - #GBP
�� ISM Manufacturing PMI - #USF

Tuesday, October 02
�� RBA Rate Statement - #AUD
�� Fed Chair Powell Speaks - #USD

Wednesday, October 03
�� Services PMI - #GBP
�� ADP Non-Farm Employment Change - #USD
�� ISM Non-Manufacturing PMI - #USD
�� Fed Chair Powell Speaks - #USD

Friday, October 05
�� Retail Sales m/m - #AUD
�� Average Hourly Earnings m/m - #USD
�� Non-Farm Employment Change - #USD
�� Trade Balance - #CAD
�� Unemployment Rate - #USD
�� Employment Change - #CAD
�� Unemployment Rate - #CAD


You can find more events in FBS Calendar! Check it out⬇

http://bit.ly/2Ol7LC3
-------------------------

Technical Indicators. MACD (Moving Average Convergence/Divergence).

http://bit.ly/2QnjfSM


This oscillator is one of the most potent technical tools in the arsenal of many traders. The indicator is used to check the strength and direction of a trend as well as to define reversal points. Read this article to learn more about this indicator.
-------------------------------------

How to trade on central bank decisions? http://bit.ly/2xQBCsv

Why should traders pay attention to the central bank policy? In this article, you will be able to understand how important is the monetary policy in the Forex markets.
---------------------------

What to do before opening your real trading account.

Many traders show great results on practice account but fail when they start live trading. FBS team made a full analysis of this problem and selected 4 crucial steps, which will help you switch to live account as comfortable as possible.

1✔ Trade Like It's Real.
When you know you are not trading with your real money, emotions are much less involved, and you can make all the possible mistakes. It is dangerous because everything you do on the demo account becomes your habit. When you open up a demo account, forget that it is a “demo” account. Treat it as a live account with your real money in it. Enter the trade with a strategy, plan, risk management and etc. Your demo account's size and leverage should be exactly the same as your live account would be. Do not open a $50,000 demo account if you plan for a $1000 live account.

2✔ Demo trade until you succeed and then trade more to repeat your success.
When you repeated your success enough times to build confidence and discipline, then you are ready to go for live trading. If you repeat your success on a live account, This means you are disciplined enough, you are able to control your emotions, and you have mastered your trading skill. If mistakes are made on the live account, take a few steps back, complete your knowledge, demo trade to gain some experience and master your trading system.

3✔ Keep your demo running.
Always remember that when you make mistakes in a demo trade, you can't afford to duplicate that error when trading with real money. Even after you decide to trade live, demo trading can be very valuable. You can test strategies and set-ups on demo accounts before you try them out with real money.

4✔ Consider trading competitions. One of the problems with demo accounts is that you have very little emotional connection with virtual funds. For this reason, there are contests for demo traders, where we give cash prizes to winners. This makes demo trading a bit more realistic experience, and also a good practice. For example - FBS Pro contest ➡ http://bit.ly/2Nn0mxe

------------------------------------

VIDEO LESSONS. MT4 TUTORIALS.

How to download, install & login to MT4

http://bit.ly/2CrWCcS

You can download a trading platform using 2 ways: from the website fbs.com and the second way is to download the software from your personal area. Learn the details with this useful tutorial.
-----------------------------------------

On October, 13th - visit a free FBS seminar in Hilton Sandton and find out all the secrets of Forex profit with the Guru of passive income Alan Solarsh! At this seminar you will learn:
• How to read a Forex chart using the Moving Average & Stochastic Analysis.
• How to make passive income using Forex & “The Forex Ninja Bot”.
• How to get your emotions under control & make profit like the professionals & banks
Meet our speaker for Johannesburg seminar -- Alan Solarsh! Master trader with 5 years of experience, MLM recruiting master, expert in Online marketing, trainer for Forex and MLM teambuilding and author of the book “The Boiling Cold Market”.
Join the free FBS seminar now and bring friends! Seats are limited to 80, hurry up to learn all the essential secrets of professional! See you on October, 13 in Hilton Sandton.⬇
http://bit.ly/2OL5fFh
----------------------------------------------------------------------------------------