Giant Companies are In Stress

Giant Companies are In Stress

Happy Monday, dear traders! We hope that you’re ready for this new trading week! Let’s see what has happened lately.

Today’s events:

Activision Blizzard earnings report

NFP shakes the USD

The US Bureau of Labor Statistics reported strong gains in hiring and wages in October despite rising unemployment. It created a mixed picture as Federal Reserve officials, debating how long their campaign to curb higher inflation will continue. 

The number of non-farm payrolls increased by 261,000 last month after being revised up to 315,000 in September. The unemployment rate rose 0.2 percentage points to 3.7%, more than forecast as participation declined. The average hourly wage increased in October compared to the previous month.

The report says demand for workers remains robust despite rapidly rising interest rates and a bleak economic outlook. Layoffs, although on the rise, are still historically low, and competition to fill millions of vacant positions has led to wages rising rapidly.

The USD dropped after the release. The US Dollar index has lost almost 2400 points and still is staying at the lower level.


Other important news:

  • Meta Platforms is planning massive staff cuts, approximately a few thousand employees. Previously, similar initiatives were made by Twitter, Tesla, and many other companies.
  • The US switched to winter time. Stock trading will begin at 17:30 MT time.
  • Oil fell as traders feared that China's Zero Covid policy would delay the economic recovery and undermine demand. XBRUSD is 97.67.
  • Investors’ confidence remained on edge after Apple Inc. said it planed to produce at least three million fewer iPhone 14 phones this year.
  • Deputy Secretary of the Treasury Adeyemo will visit France, the UK, and Belgium from November 7 to 9, discussing sanctions against Russia and an oil price limitation.
  • Of the 430 companies in the S&P 500 that have reported quarterly earnings so far, nearly a quarter have fallen short of expectations.
  • Bitcoin mining difficulty has decreased by 0.2%. Bitcoin mining difficulty, which changes roughly every two weeks, is a measure of how hard a miner has to work to validate transactions in a block to add it to the blockchain or "mine" bitcoins.

Have an amazing day!



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.

Latest news

Crucial News For The Following Week
Crucial News For The Following Week

Consumer Price Index, Existing Home Sales, US Fed rate decision - all of these things we will discuss in our new review. Don't miss it out!

Focus on Banks' Meeting and NFP
Focus on Banks' Meeting and NFP

The RBA and the Bank of Canada will add volatility to the AUD and the CAD, while USD is expected to be boosted by the Non-farm payrolls.

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