Dollar regains some ground

Dollar regains some ground

2021-01-25 • Updated

2021_01_25_16_10_23_Template1_Autosaved_PowerPoint.png

USDJPYM30.png

2021_01_25_16_12_57_Template1_Autosaved_PowerPoint.png

EURJPYM30.png

Ichimoku Kinko Hyo

CAD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.

CADJPYM30.png

Fibonacci Levels

XAU/USD: Gold after a remarkable selloff is trading above the 38.2% retracement area.

XAUUSDH4.png

US Market View

US stock markets are set to open the week higher on the back of the improving news flow from the pandemic and confidence in sustained high liquidity, given the loose state of US fiscal and monetary policy. The latter is expected to be reaffirmed on Wednesday after the Federal Reserve’s latest policy meeting. California is set to lift its stay-at-home order, while national infection rates and hospital admissions hit their lowest in weeks.

President Joe Biden is expected to sign a new “Buy American” order, underlining the essential continuity of US trade policy despite the radical change of tone expected from Donald Trump’s administration. Biden’s policy initiatives will continue to compete for attention as the House of Representatives sends the articles of Donald Trump’s second impeachment to the Senate, most likely later Monday. Some have speculated that the fresh impeachment trial will make it harder for Biden to gain bipartisan approval for his $1.9 trillion stimulus package.

 

USA Key Point

  • The NZD is the strongest and the EUR is the weakest.
  • EUR/USD pares earlier advance but keeps little changed.
  • Germany January business climate index 90.1 vs 91.4 expected.
  • BOJ's Kuroda supports that the state of emergency measures may dampen Japan's economic recovery.

TRADE NOW           

Similar

Euro May Start a Rally
Euro May Start a Rally

On October 28 European Central Bank held a press conference. Inflation has hit Europe and now the time has come for more profound steps in the fight with the post-pandemic economy. What should we know to trade these events?

NZD/USD Rocketed. Is Rally Over?
NZD/USD Rocketed. Is Rally Over?

The riskier New Zealand dollar skyrocketed and pushed the NZD/USD pair up to the resistance level of 0.7150. How to trade it now?

Latest news

Virgin galactic: Buy When Everybody Sell
Virgin galactic: Buy When Everybody Sell

Latest news On September 29, Virgin Galactic announced that the Federal Aviation Administration has approved launches resume after an investigation about why its spaceship veered off course while descending during a July flight with founder Richard…

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera