Weekly Forex Outlook: January 14-18

What events are anticipated to make markets volatile?

The most important event of Tuesday is the Parliament Brexit vote. It’s worth reminding that previously the vote was scheduled on January 11. However, Theresa May canceled it because of the increasing risks of being defeated. No matter if the vote is postponed again or it takes place, the British pound will be under big pressure. Moreover, there are risks that the Parliament votes against the May’s plan that is highly negative for the British currency.

Also on Tuesday, traders should pay attention to the US PPI figure.

Wednesday’s British CPI data will become highly important for the British pound in times of Brexit uncertainties.

Thursday and Friday will be highlighted by G20 Meetings. Any comments during the meetings may turn markets upside down.

Also on the last day of the week, Canadian CPI and British Retail Sales releases will drive the GBP and CAD.

What about the technical side?

The direction of the EUR/USD pair will mostly depend on strength of the USD. During the last days, the greenback was quite weak because of the cautious tone of the Federal Reserve. If the economic data aren’t supportive, it will be difficult for the USD to recover. In case of the further fall of the US currency, EUR/USD will be able to break the resistance at 1.16. The next important level is 1.17. If the USD is supported by the economic data, the pair may suffer. The first crucial support will lie at 1.1340.

What are the crucial levels for GBP/USD?

To keep the upward movement, the pair needs to break above the resistance at 1.2883. Up to now, technical indicators signal the continuation of the rise, however, uncertainties around the Brexit deal may change the situation. If there is negative news on the Brexit deal, the pair won’t be able to strengthen the uptrend. The first important support is at 1.2578.


Gold is falling!!! | 5 Assets to Buy This Week
Gold is falling!!! | 5 Assets to Buy This Week

This week we will see two CPIs, five PMIs, and a dozen statements from banks governors from all over the world. Why do you need to follow these releases? Because it is a perfect opportunity for markets to gain volatility and for you to earn on this volatility.

Latest news

Risk On: Market Outlook for May 16-20
Risk On: Market Outlook for May 16-20

Gold is about to break the most significant support. The US dollar index keeps gaining momentum. However, the situation might change this week, and we might see a tiny correction. Investors might return to risk-on and push the US stock market indices and cryptocurrencies to the upside. These and more trade ideas are in our new weekly video! Do not miss it!

IT CAN'T BE REAL | 5 assets to trade on May 9-13
IT CAN'T BE REAL | 5 assets to trade on May 9-13

This week is likely to be pivotal for many assets, including gold, USD, and several stocks. However, we need to be focused and react fast to the ever-changing environment to get the most from it.

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