Daily News: NAFTA  threats

Daily News: NAFTA threats

  • The US dollar index has been going further up as the market worries about the US-Canada deal. Talks between the US and Canada will resume on Wednesday. Mexican economy minister said he expects a deal between countries by Friday. But there is no accurate news, so the market has doubts whether Canada is ready to obey. Traders don’t like risks so they bet on the safe havens such as the USD.

Up to now, the index has been moving to the resistance at 95.70. No important economic data will be released today. So if the NAFTA worries ease, the index will go down. The support is at 95. Otherwise, it will be able to break above the resistance.


  • Up to now, USD/CAD has tested above the resistance at 1.3180. It will be an important day for the CAD. Trade balance data (15:30 MT time) and the meeting of the BOC (17:00 MT time) will affect the direction of the currency. If the economic events are supportive, the CAD will have chances to slow down the rise of the pair. Supports are at 1.3180 and 1.31. If the events are not able to support the CAD and the NAFTA talks are cloudy, the pair will go further up. Resistances are at 1.3219 and 1.3290.


  • Yesterday oil benchmarks showed a significant volatility because of the mixed news. Prices surged ahead of the anticipation of tropical storm Gordon hitting the region. As a result, dozens of U.S. oil and gas platforms in the Gulf of Mexico were shut. But the storm passed the area round, so the threats eased and oil prices plunged.

Brent rose to $79.72, however, closed at $77.88. Up to now, Brent has been moving down. The price is near $77.65. The support is at $77. The next one is at $75.25. In case of some positive news for the oil market, the price will turn around. The resistance is at $78.50.


WTI jumped to $71.39 but closed at $69.40. Up to now, the price has been trading near $69.10. The support is at $68.20. If there is positive news, the price will recover. The resistance is at $70.50.


Some comments from Saudi Arabia. The country wants Brent between $70-80 a barrel and at the same time doesn’t want to offend Washington.

That’s all for today! Follow market news with FBS!


USD Holds the Line
USD Holds the Line

The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now. 

US Dollar Prepares for the Pump
US Dollar Prepares for the Pump

On the H4 timeframe, the US dollar index has formed a bullish falling wedge. At the beginning of the trading session, the price is testing the upper border of this wedge. Thus, in case of a higher-than-expected Core PCE Price Index m/m, the US dollar will skyrocket against other currencies. 

Uptrend in Gold Starts Now
Uptrend in Gold Starts Now

Happy Wednesday, traders! We went through the Internet and found the best news for you, take a look!

Latest news

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

Deposit with your local payment systems

Feel the Team Spirit

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.


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