AUD jumped on positive GDP

AUD jumped on positive GDP

Latest news

  • Australian GDP rose by 3.1%, exceeding analysts’ forecasts of 2.5%. Australia experiences a stronger-than-expected recovery due to a rebound of the labor market, rising wages, and soaring private capital expenditure. The Australian dollar climbed after the release, but then joined its peers in falling against the USD.
  • Treasury yields edged up. As a result, the USD surged too on Wednesday, pressing gold down. Treasury yields retreated after the Fed’s comments that it’s watching the bond market volatility. Bond yields surge as investors believe that growth and inflation will hike this year, which may push the Fed to stop its support sooner than expected.
  • “If interest rates start moving higher and quicker than expected, then there’s a chance there might be a more significant pullback in the market,” said Morgan Stanley. 
  • Elsewhere, oil started the day on a positive footing after a three-day drop. OPEC+ will hold a meeting tomorrow, where it will decide whether to increase output or not. 

Technical analysis

EUR/USD bounced off the lower trend line and started moving up. However, its growth was stopped by the 200-period moving average of 1.2100. It may drop again to Monday’s low of 1.2035. If it crosses this low, the way down to the key psychological mark of 1.2000 will be clear. Resistance levels are 1.2100 and 1.2150. 


The 100-period moving average of 1.3940 constrained GBP/USD from further falling. But if it manages to break it, the way down to the next support of 1.3900 will be open. On the flip side, the move above Monday’s high of 1.4000 will push the price up to the next round number of 1.4050. 

In the long term, GBP/USD has been trading in an increasing expanding triangle pattern. Since it’s in the lower part of this triangle, we should expect the price to start rising soon. 


USD/JPY has been trading in a descending channel. However, the rally should stop soon as two indicators point to the soon reverse down. Firstly, the pair has almost touched the upper trend line. Secondly, the RSI indicator has almost crossed the 70.00 level, signaling the overbought zone. Therefore, we might expect the pullback down. Support levels are 106.50 and 106.00.


Follow US ADP at 15:15 MT time, ISM Services PMI at 17:00 MT time, and Crude Oil Inventories at 17:30 MT time!



Gold Rises as Central Banks Buy More
Gold Rises as Central Banks Buy More

About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.

US Evades Default This Time
US Evades Default This Time

Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!

USD Gains Momentum
USD Gains Momentum

The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!

Latest news

No More US Debts in Sight
No More US Debts in Sight

The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.

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