FBS are cutting spreads by 12% for some of the popular and promising trading instruments

Top Forex Brokers – FBS are cutting spreads by 12% for some of the popular and promising trading instruments

Top Forex Brokers

EURUSD is an all-time favorite for many traders, while many investors watch pairs with Australian dollar closely. The reason is that while the United States and Canadian economies have already dealt with elevated inflation, Australia may yet face this problem which will cause volatility.

What is a spread?
In online trading, a spread (or a bid/ask spread) is the difference between the buy and sell prices for a trading instrument.A spread is the cost of a trade for a trader and the source of income for a broker. Naturally, traders prefer tight (or low) spreads, which make their trades more affordable. The lower the spread, the more money a trader can make.

fbsEURUSD
September is historically one of the most volatile months, and this year will be no exception. On September 18, the Fed may lower the key rate for the first time in 4.5 years. However, the decision will largely depend on inflation indicators.
Critical technical support for EURUSD is in the area of ​​1.0900 — 1.0940.
•If the price remains in this range, it may return to 1.1200.
•Otherwise, the decline will continue to 1.0750.

fbsAUDUSD
Due to stronger economic activity and persistent inflationary pressures, Australian inflation is now expected to return to its target only by late 2025. On September 24, the Reserve Bank of Australia will hold its meeting, where it will apparently maintain its key rate and continue its hawkish policy.
After the previous meeting, AUDUSD gained more than 3000 points due to the difference in the rhetoric of the Fed and RBA; the next meeting may cause similar volatility again.
The key support for AUDUSD is around 0.6370.
•As long as buyers hold it, the price may bounce back to 0.6750.
•Otherwise, a decline to 0.6200 is highly possible.

fbsAUDCAD
The two countries now have different monetary policies: Canada has already lowered interest rates, while Australia’s economy is still turbulent.
This difference may ensure short-term support for AUDCAD and send the pair to 0.9250.
However, the fact that Australia is yet to experience higher inflation may provide medium-term support to Western currencies because of increased investor confidence.
Thus, if AUDCAD breaks below 0.8900, it may start a bearish trend towards 0.8735 and 0.8580.

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