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

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.

Join the Facebook community of FBS!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Email tooltip

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.

FBS Mobile Personal Area


USD/CAD: edging lower for the fourth day straight

USD/CAD: edging lower for the fourth day straight

Information is not investment advice

The pair fell down on the weak US dollar and the positive Canadian data. What is the forecast?

What happened?

Yesterday the consumer price index came out better than expected. It rose by 0.8%, while the forecast was only 0.4%. USD/CAD slumped after the report to the 5-week low at 1.3400. At the same time, the weak US dollar added to the pair falling. In fact, the US dollar was waning on the risk-on sentiment, and it got an extra headwind from fears that democrats and republicans wouldn’t be able to agree on the fiscal stimulus package in a short time. In addition, the US existing home sales turned out worse than analysts expected. They rose by 4.72 million the last month, while the forecast was 4.77 million. Also, today the USA published jobless claims. Analysts expected that the numbers will stay at the same level as the previous time – 1.3 million. However, unemployment claims rose by 1.4 million and weighed on the US dollar.

Technical tips

The pair had been trading in a horizontal range between 1.3685 and 1.3500 during almost two weeks already. And, finally, USD/CAD escaped it, breaking down the 200-day moving average. As a rule, the price should fall by the same height as the range itself. The pair has already crossed the 1.3425 level and continues moving down. If the pair crosses the low of June 8 at 1.3380, it will plummet to the next support at 1.3320.




How to Stay Calm and Trade on Uncertainties

Despite the negative news and worrying headlines, we recommend traders to make mental reframing of the situation. This way, you can look at the market from a different perspective. Let’s observe how you can take advantage of the uncertainties and make the fundamentals work for you!

US Interest Rate Slowdown?

The US Federal Reserve may refrain from more aggressive interest rate hikes in March due to geopolitical risks after Russia's special operation in Ukraine…

Bewitching predictions for 2022

Hello from the far 2022! FBS analysts have used some magic to travel to the future and brought you some hilarious predictions.


What to trade on May 16-20?

Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!

China Shatters World Economy

A four-day lockdown turned out to be two months of complete isolation. Factories are frozen, supply chains are under heavy pressure, and the future is gloomy. Find out how to trade in times of crisis in this article!

Choose your payment system

Be on top of your game


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