Don’t waste your time – keep track of how NFP affects the US dollar!

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store


Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

72.12% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

USD/CAD: ahead of US jobless data and Powell’s speech

USD/CAD: ahead of US jobless data and Powell’s speech

Information is not investment advice

Technical analysis

USD/CAD pulled back from the support of 1.2665. However, after a short jump the pair is likely to start falling again as both short- and long-term trends are downward. If the loonie manages to break through the support of 1.2665, the way down to the low of January 6 at 1.2650 will be clear. The resistance is at the upper trendline of 1.2700. The pair isn’t likely to cross it on the first try, but if it jumps above it, the way up to the 200-hour moving average of 1.2715 will be clear.

Important news to follow

1. The US unemployment claims will be out at 15:30 MT time and will impact significantly the pair. Analysts forecasted 785 000. If the US data is better than expected, USD/CAD will rise. Otherwise – drop.

Check the economic calendar

2. Elsewhere, Fed’s head Jerome Powell will hold a meeting at 19:30 MT time, where he would share economic forecast. This event should grab greater attention than it does usually as there has been some considerable talk from the Fedaround cutting the current pace of bond purchases. Analysts consider that the most probable outcome of this is an increase of the US Treasury yield which should drive the USD further up in the near term.

Overall, technical indicators in combination with fundamentals point to the further falling of USD/CAD.





How Will BoJ Meeting Affect the Yen

Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus

Choose your payment system

Feel the Team Spirit


Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

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