Daily news: positive data for the GBP and NAFTA uncertainities

Daily news: positive data for the GBP and NAFTA uncertainities

  • China's premier Li Keqiang made a speech at a World economic forum in Tianjin. Alongside with the words about the difficulties on the macro level, he noted that the country would not devalue the currency to support export. The aussie reacted immediately, reaching its highest level from the beginning of the month. AUD/USD is gaining a lot this week, aiming to cross 50-day MA at 0.73. If it is successful, the next resistance is at 0.7380. However, any negative news concerning the US-China trade conflict can change the situation to the opposite side. The support is at 0.7140.


  • New Zealand published the volume of current account deficit in the second quarter. The deficit came out bigger, than it was forecasted (-11.7 billion vs -11.1 billion). However, it did not have influence on the currency, as the qiwi also reacted on the Keqiang statement, not as much as the aussie, though. NZD/USD bulls are aiming towards the resistance at 0.6720. If the market turns bearish for the pair, the support level to focus on is at 0.6550.


  • Britain and the EU are excited for the upcoming today’s UK Prime minister Theresa May speech. She hopes that the agreement between Great Britain and the EU for the future partnership after Brexit is going to be achieved in a short period of time. She also noted, that the EU would show flexibility and goodwill in these negotiations. This speech will certainly affect the performance of GBP/USD. In other news for the pair, the British price and inflation indexes were published today. The actual numbers are happen to be better, than in the forecast: 2.7% for CPI, 3.5% for RPI, 3.1% for HPI, so we expect the British currency to blow off. For now, the pair trades in the green zone, crossing the 100-day MA. The next resistance for the price is placed near 1.3320, after which it is possible for the price to test the resistance at 1.3470. If the price goes down, the support to keep an eye is at 1.3032.


  • The Bank of Japan leaves its monetary policy unchanged and keeps low rates at -0.10% for a longer period of time. Yesterday USD/JPY overcame its two-month highs due to the USD strength. The end of the day can affect the situation as the level of building permits, housing starts and crude oil inventories are to be released. The resistance for the bullish situation is at 113.10. For the bearish market watch the support at 110.50.


  • Eurozone is anticipating the speech of the ECB president Draghi at 4 pm MT at a conference in Berlin. This may affect the pair EUR/USD. Today the pair crossed the 1.1700 barrier and has moved towards the resistance at 1.1790. If the outcome of either Draghi or May speeches is negative, the price falls down. In this case, the support to look at is at 1.1515.


  • As NAFTA talks between the US and Canada keep going, the uncertainties concerning the negotiations bring USD/CAD to slide down to its last-month lows. Thursday is the deadline for the official paperwork submission, leading to the agreement. However, Canadian prime minister Justin Trudeau made a statement that he would rather agree on “no-deal” outcome, than on the inconvenient conditions for Canada. The support line for now is at 1.290. However, if the pair gains, the resistance is at 1.310.


Follow us for more news!


Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

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.


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