Markets after US retail sales

Markets after US retail sales

Latest news:

  • The USA has revealed encouraging data! Retail Sales, Philly Fed Manufacturing Index, and Unemployment Claims – all they came out much better than expected! It has improved the market sentiment – S&P 500 and Nasdaq 100 hit all-time highs, but the reaction of the US dollar was mixed. Today, the greenback has started the day on a positive footing.
  • China has published its GDP for the first quarter, which came exactly as expected: 18.3%. It was the fastest growth since records started!
  • The first week of the earnings season is coming to an end. Yesterday, Bank of America, PepsiCo, and Citigroup revealed better-than-expected earnings. Today, investors await Morgan Stanley’s report at 14:30 MT.
  • Oil is heading for the best week since early March amid the overall optimism about the stronger-than-expected recovery from the pandemic.

Tech analysis

Gold has broken through the key level of $1760! It retraced to it shortly, but it’s likely to be a natural sell-off ahead of the further rally up. Thus, it may reach the high of late February at $1790. If it crosses this level as well, it may jump to $1815! Support levels are the 50- and 100-period moving averages of $1745 and $1730.


EUR/USD is moving inside the ascending channel in the short term, but we shouldn’t forget that the overall trend is downward. As a rule, a pair is likely to reverse down after it touches the upper trend line. So, if the pair breaks through the 1.1960 support, it will fall further to the 50-period moving average of 1.1915. In the opposite scenario, it manages to cross the strong resistance area of 1.1990-1.2000, the way up to the next round number of 1.2050 will be open.


USD/JPY is moving inside the descending channel. It has bounced off the support of 108.65. If it manages to break the psychological mark of 109.00, the way up to the 200-period moving average of 109.10 and then to 109.25 will be open. Support levels are at recent lows of 108.65 and 108.40.




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.

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!

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