Mornng Forex Report: Feb. 8

The New Zealand dollar visited lower levels because of the decision and unencouraging comments of the Reserve Bank of New Zealand. The bank held the interest rate unchanged at the level of 1.75%, that is a record low. Moreover, the Governor Grant Spencer announced a cut of the inflation forecast. He said that inflation will rise to 2% not in the middle of 2018 as seen before, but only in late 2020. Analysts have already reduced their estimates of a rate hike in November this year from 100% to 52%. According to the chart, the next support Kiwi can find at 0.7140.

The pound is little changed ahead of the Bank of England’s meeting. Although traders do not expect any changes in UK interest rates today, they anticipate hawkish comments from the bank Governor about the future hikes. Most of the experts expect at least 1 rate hike this year. GBP/USD is above this month’s low at 1.3830. The next support is at 1.3780 (H4).

USD/JPY rose on the comments of the Bank of Japan board member Mr. Suzuki. He said that the Bank of Japan will continue monetary easing now. So, the yen is losing its positions against the US dollar. All in all, the currency pair remains close to 109.50.

The Australian dollar is falling. As long as it stays above 0.7815, it has chances to rise.

EUR/USD is little changed in the 1.2250 area after yesterday’s decline. Traders closed their bullish positions for the euro, so the pair corrected down.



FED Meeting. PUMP or DUMP?
FED Meeting. PUMP or DUMP?

In this video, we discuss the possible scenarios of prices movement after the FED meetings tomorrow!…

Latest news

FOMC Meeting, Gold Plunge, and Pound Decrease | Market News
FOMC Meeting, Gold Plunge, and Pound Decrease | Market News

Although the last week was intense, this one may be more dynamic and volatile. After the FOMC meeting and controversial decisions from the Bank of England, we saw a historical pound decrease, and the gold plunge. And there’s even more for you.

Deposit with your local payment systems

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!

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