Fed and ECB are Hawkish as Never

Fed and ECB are Hawkish as Never

Hello, dear traders! Hope you a having a great Friday and can’t wait for a weekend! Let’s see what news can influence the market now.

Key Market events on December 16:

16:45 GMT+2, US Flash Services and Manufacturing PMI 

The Fed and ECB aren’t going to quit


The Federal Reserve and the European Central Bank dashed dovish hopes by saying that rates will rise longer until inflation returns to its targets. While this conflicted with market expectations for a lower peak rate and potential rate cuts in 2023, it also clouded the upside outlook.

Economists now see a 60 percent chance of a recession in the US and an 80 percent chance in Europe. Stock market analysts downgraded their 12-month revenue estimates to the lowest levels since March and July, respectively.

The most popular currency pair, EURUSD, is continuing its uptrend. However, after a long period of rising, the price will most likely drop slightly. If the price continues to grow, it may reach 1.0780 and head to 1.1000. In case of reversal, the price might drop to 1.0490.


Other Important news:

  • Two exchange-traded funds based on cryptocurrency futures will begin trading on the Hong Kong Stock Exchange for the first time.
  • The US expects China, India, and Turkey to agree to buy Russian oil within the price limit set by the G7.
  • The S&P 500 and Nasdaq 100 contracts fell about 0.8% each after the underlying index showed its biggest decline since November 2. The European Stoxx 600 fell to a one-month low.
  • European natural gas prices eased as plentiful supplies, and high storage levels softened the effects of the first winter cold snap.
  • A surge in infections throughout the country was provoked in China after the rapid lifting of restrictions due to Covid.

Stay tuned with FBS and have a great day!



USD Holds the Line
USD Holds the Line

The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now. 

Latest news

Increased Volatility is Coming
Increased Volatility is Coming

The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

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