Beating data from Microsoft and Google, Fed is eyed

Beating data from Microsoft and Google, Fed is eyed

Latest news:

  • Microsoft and Google have published strong earnings data. Google gained from ad sales and internet search. Microsoft mostly benefited from the cloud-computing product, Azure and big gains for Xbox helped as well. Keep an eye on the charts of these stocks as they may rise today on the positive earnings data.
  • S&P 500 (US 500) and NASDAQ (US 100), which include these stocks, are driving up. However, the rise is quite modest due to the drop of Tesla.
  • Australia published worse-than-expected inflation data signaling Australia will lag major economies like the Fed. That pressed down the Australian dollar.
  • The main focus of traders is on the Fed meeting today. According to Bloomberg, if the Fed changes the policy direction today or gives any sign of it, we might see a massive correction on the market. It’s a must-see event for traders. Don’t miss out!
  • OPEC+ members claimed it would add more oil supply to the market as Chinese and US economies are recovering and the demand growth is widely expected.

Technical news

USD/JPY has finally escaped the channel, breaking through its upper line. If it manages to break through the resistance zone of 109.00-109.15, it will rally up further to the early April highs of 109.90-110.00. However, since the RSI indicator is close to 70.00, the price is too high and the reverse down may happen soon. If it crosses yesterday’s low of 108.65, it will fall to the 50-period moving average of 108.25.


AUD/USD is falling on the poor inflation data. It’s getting closer to the lower line of Bollinger Bands of 0.7720. If it manages to break it, the way down to the chain of recent lows of 0.7700 will be open. The price shouldn’t break lower 0.7700 on the first try. The move above the midline of BB at 0.7760 will push the pair up to Monday’s high of 0.7800.


EUR/USD is edging higher inside the channel in the short term, but the long-term trend is still downward. Thus, if it breaks through 1.2110, it will push the pair further up to the two-months high of 1.2175. Support levels are the 100-day moving average of 1.2050 and the one-week low of 1.2000.  




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.

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.

Latest news

Bank of Canada Surprises Markets
Bank of Canada Surprises Markets

The CAD is dominating the markets after the key rate increase! Read the full report to learn more about trading opportunities with the Canadian Dollar!

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