Stocks up, USD down

Stocks up, USD down

Latest news

  • S&P 500 skyrocketed to the all-time high on optimism that Biden’s fiscal stimulus will support economic growth and boost corporate earnings. Interesting fact: it was the best S&P 500 reaction to a presidential inauguration since at least 1937. 
  • Crude oil dropped on worries over weakened consumption amid the continuing Covid-19 pandemic. Elsewhere, Biden announced its intentions to develop green energy and lower the oil dependency.
  •  The JPY surged after the Bank of Japan kept its main policy settings unchanged. 
  • The Australian dollar rose as the country’s unemployment rate plunged. In addition, the overall risk-in sentiment helped the aussie to gain.
  • A little about sad things, Germany reported record daily deaths. A study by South African scientists raised concerns over the vaccine efficacy against the new virus variant. 
  • All eyes today on the ECB report at 14:45 MT time. It will be the main euro driver today as the ECB may try to talk down the EUR as the EU economy is suffering from the recession.
Watch our daily video!

Technical tips

EUR/USD

EUR/USD bounced off the 50-period moving average. If it drops below yesterday’s low of 1.2100, the way down to the low of January 18 at 1.2050 will be clear. On the flip side, the breakout above will drive the pair to the next resistance of 1.2170. 

EURUSDH4.png

GBP/USD

The British pound tries to break through the key resistance of 1.3700. Once it manages to do it, the way up to 1.3750 will be clear. Support levels are at the 100-period moving average of 1.3600 and the low of January 18 at 1.3530. 

GBPUSDH4.png

Gold

XAU/USD surged! If it jumps above the 100-period moving average of $1 885, the way up to the key psychological mark of $1 900 will be clear. Support levels are $1 825 and $1 800. 

XAUUSDDaily.png

USD/CAD

USD/CAD dipped to the level of 1.2610, unseen since April 2018. Today the pair tries to rebound its losses. The move above yesterday’s intraday high of 1.2650 will press the pair up to the next resistance of 1.2665. Support levels are 1.2610 and 1.2550. 

USDCADH1.png

Follow up:

  • The ECB report will be at 14:45 MT time. 
  • US unemployment claims will be out at 15:30 MT time.               

  

TRADE NOW

Similar

NFP is coming!
NFP is coming!

Non-farm payrolls, the most awaited economic report, will be out on March 5 at 15:30 MT time.

Rise of NZD, dovish Fed, and stocks indices' sell-off
Rise of NZD, dovish Fed, and stocks indices' sell-off

Stock indices S&P 500 and Nasdaq are falling for seven days in a row. The New Zealand dollar skyrocketed to almost two-years highs. Fed’s Powell held a meeting yesterday and said that the central bank wouldn’t tight its easing policy anytime soon.

Latest news

Risk on is back on market
Risk on is back on market

The risk-on is back on the market as investors focus on the projections for a stronger-than-expected economic rebound and the Fed’s pledge to prolong support for the rest of the year.

Deposit with your local payment systems

Learn more

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 00:30:00

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