USD came under selling pressure

USD came under selling pressure

The US dollar’s weakness offered a boost to emerging-market currencies and oil.


  • The 10-year US treasury yields dropped from the highest levels in almost a year. Besides, Fed authorities rejected speculation that they could cut asset purchases soon. The USD closed in red yesterday and continues falling today.
  • Oil is rallying upwards! WTI oil approached the high of February 20 at $54.00, while Brent oil hit $57.00 heading towards $60.00. It happened after Saudi Arabia announced its plans to cut oil supply by an additional 1 million barrels per day in upcoming months.
  • The vaccines’ rollout and Biden’s pledge to unveil additional fiscal support in the US improved the market sentiment and bolstered bets on soon economic recovery.
  • The GBP rose after Bank of England’s Governor Andrew Baileydenied expectations of negative rates.
  • Gold remains at familiar levels near $1 850-1 860.
Watch our daily report!

Technical levels

EUR/USD retreated on USD’s softness. Now it’s heading towards the 100-period moving average of 1.2240. If it manages to break through the resistance zone of 1.2240-1.2250, the way up to the high of January 8 at 1.2270 will be open. Support levels are 1.2200 and 1.2140.


GBP/USD has pulled back from the resistance of 1.3700. If it manages to finally break it, the way up to the next round number of 1.3750 will be open. In the opposite scenario, the move below the 50-period MA will push the pair to the 100-MA at 1.3540.


USD/JPY was falling but stopped ahead of the support at 103.50. The breakout of this level will drive the pair down to the key psychological mark of 103.00. Resistance levels are the high of January 8 at 103.90 and Monday’s high of 104.30.


USD/CAD is moving down as the Canadian dollar gained on rising oil prices. The move below the low of January 6 at 1.2650 will drive the pair to the psychological mark of 1.2600. Resistance levels are at the recent highs of 1.2780 and 1.2830.


Follow Lagarde’s speech at 11:00 MT time, the US inflation report at 15:30 MT time, and crude oil inventories at 17:30 MT time.



Traders Should Know About These Releases
Traders Should Know About These Releases

The G20 summit and the US PPI release gave us a lot of volatility to trade on. Luckily, today’s markets may be even more volatile with new vital releases and geopolitical decisions. The daily news report will surely help you!

Latest news

How to trade the JPY?
How to trade the JPY?

Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:

FOMC Minutes Brought Insights
FOMC Minutes Brought Insights

Hello, dear traders! We hope you have a great day! Let’s see what news is worth following today! Market closing US stock exchanges will be closed due to the Thanksgiving holiday…

US Dollar Might Get Under Pressure After These Events
US Dollar Might Get Under Pressure After These Events

Today, two events will shake the US dollar. First, at 16:45 GMT+2, Markit, a statistical company, will release the US Flash Services PMI. Moreover, at 21:00 GMT+2, the Federal Reserve will release its meeting minutes.

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