Inflation Is in Focus Again

Inflation Is in Focus Again

Weekends are coming. Let’s check the most exciting news for today.

The situation in the developed economies

CNBC: the Dow fell more than 300 points, posting its third day of declines amid worries over high rates and the risk of a government shutdown. S&P500 fell by 1.6%, too. The index dropped to 4330 points. This is the support level for the index. If bears succeed in breaking this line - S&P may move to 4200 (200MA). The trend is changing rapidly.

BoJ decided to leave the rate at -0.1%. The bank will purchase the required amount of Japanese government bonds (JGBs) without setting an upper limit to keep the 10-year JGB yield at around zero percent.

The Bank of England decided to leave the rate at 5.25%. The market thought that the BoE would hike the rate to 5.5%. Goldman Sachs expects the Bank of England to keep rates at 5.25% until the third quarter of 2024. Morgan Stanley does not expect raises until the end of the following year.

Inflation situation

Russia decided to ban diesel and gasoline exports. BBG says: Russia's decision to ban diesel and gasoline exports risks disrupting fuel supplies ahead of winter, but how deep the impact will depend on how long the restrictions last.

The situation with inflation is risky. Oil prices are getting higher while OPEC+ cuts oil production.  The markets should accept that higher rates will remain for a long time. The US dollar may keep rising while the European and American stock markets may reverse and plummet.

Boston Federal Bank ex. Governor Eric Rosengren says: There has been a shift in the Fed's views as... they are now fighting against a much more robust economy. The Fed will raise rates again this year, which will most likely happen in December because... data received by November will not provide grounds for an increase.

XAUUSD bounced from 200MA and tried to break 100MA. There is still a risk of reversal because the price is approaching 100MA in the H1 timeframe, and Stochastic lines are ready to intersect in the overbought zone.

AUDUSD analysis

The Australian dollar is strengthening against the US national currency. AUDUSD bounced from 0.63850 and broke two Fibo correction levels – 23.6% and 38.2%. The pair may continue moving to 50%, where the resistance line is (0.64480). If it breaks it – the next target is at 0.64620.


Try to trade AUDUSD here


Earnings Season is In Focus
Earnings Season is In Focus

Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?

Can XAUUSD Move Higher?
Can XAUUSD Move Higher?

The dollar's status as the world's reserve currency could only be recovered if the US controls its spending. The huge budget deficit and rising interest rates on the US national debt should scare every American, analysts say. Read the full report to learn more!

Latest news

The Yen Sets New Lows
The Yen Sets New Lows

The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!

BlackRock CEO Supports The USD
BlackRock CEO Supports The USD

BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!

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