Oil Experiences an 11% Weekly Loss

Oil Experiences an 11% Weekly Loss

Good Friday, wonderful people! Let’s look at the main headlines that are moving the markets today.

Today’s events:

US PPI and Core PPI - 15:30 GMT+2

Prelim UoM Consumer Sentiment - 17:00 GMT+2

The euro is under pressure

According to the RTRS survey, there is an 80% possibility of a recession in Europe. Also, economists anticipate a rate hike from 0.5% to 2% during the next ECB meeting. This decision was already priced into the market, and EURUSD tested the 1.0580 level on the H4 chart. Now, we can expect the retest of the ascending trendline and the support at 1.0450. 


Other important news:

  • Credit Suisse forecasts further strengthening of the Swiss franc amid rising recession fears in Europe.
  • GameStop (GME) rose 10% yesterday, despite the significant losses in the third quarter of 2022.
  • The prices of Brent and WTI have lost over 10% over a week amid global uncertainties.
  • Tesla’s stock, which has lost more than $500 billion in market value this year, is under renewed pressure. Elon Musk may use his Tesla shares as collateral for new loans to replace Twitter debt.
  • Economists expect the Australian economy to stall in the second half of 2023. GDP has been standing still for the last two years. Moreover, today Australian crypto exchange collapsed and suspended 30 000 accounts.

Take advantage of the market and good luck!



Latest news

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!

USD Gains Momentum
USD Gains Momentum

The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!

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