Strong USD is back

Strong USD is back

Here’s what you need to know today:

  • US unemployment claims fell short of analysts’ expectations. 744,000 people filed for jobless benefits, while the forecast was 682,000. That reminded investors that the recovery remains still incomplete.
  • China’s data showed the fastest factory inflation since 2018. The consumer price index rose by 0.4% and the producer price index increase by 4.4% from a year earlier.
  • China is the world’s largest exporter, and rising prices there will drive inflation further up and add more fears to the markets. Inflation risks have been already high due to a stronger recovery all over the world and massive fiscal stimulus in the US. However, Fed yesterday reassured investors and said that inflation risks ‘broadly balanced’.
  • Worries over the side effects of the AstraZeneca vaccine may slow down the vaccination rate in some countries. That may worsen the market sentiment.
  • Oil slightly rose as Saudi Arabia claimed that OPEC members will decrease output if needed.

Technical analysis

EUR/USD bounced off the 200-period moving average of 1.1920. Now it’s getting closer to the low of April 7 at 1.1860. If it manages to break it, the way down to the 100-period moving average at 1.1830 will be open. On the flip side, the move above the 1.1920 resistance will push the pair to the high of March 18 at 1.1990.


AUD/USD has just broken the low of April 7 at 0.7600. If it manages to break the next support of 0.7580, the way down to April’s low of 0.7540 will be open. Resistance levels are at the recent highs of 0.7635 and 0.7670.  


There are some big swings on the EUR/GBP pair. The price is edging higher to the high of February 26 of 0.8710. If it manages to break it, the way further up to the high of February 12 at 0.8790 will be open. On the flip side, the move below yesterday’s low of 0.8667 will press the pair down to the next support of 0.8625.


The double bottom pattern has occurred in the gold chart. The neckline lies at $1760, which coincides also with the 50-day moving average. Once the price crosses this level, it should skyrocket to the high of February 19 at $1790 and then to the 100-day moving average of $1810. However, the dollar’s rebound may ruin all these plans. So, if gold drops below yesterday’s low of $1735, the way down further to $1724 will be clear.


Watch our daily video!



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. 

Latest news

Increased Volatility is Coming
Increased Volatility is Coming

The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

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