The Spike is Almost There

The Spike is Almost There

Morning, traders!

China delays GDP data because of potentially harmful numbers, but we will never delay our news because every release is an opportunity to trade on it! Also, Chinese officials debate cutting the quarantine for newcomers from ten days to seven. USDCNH is down 300 points. Moreover, analysts expect Chinese leader Xi Jinping to get a third term in the Chinese national congress. He may remain the President of China for another four years. which will make him rule for 12 years straight. 

The Bank of Japan is afraid of doing anything

The USDJPY surged to the highest level since 1990, touching the critical resistance of 150. We expect sellers to step into the game on the current levels. Also, the Bank of Japan should intervene in the currency rate. Still, there’re no statements from the bank’s members. Meanwhile, BoJ holds an unscheduled bond-buying program for the first time since the plan for Q4 2022.

Sellers need to enter the game and push USDJPY below the rising channel. Double divergence on the RSI shows a lack of momentum, and we expect the pair to reach 148.10 in a couple of days. 


What else you should know for today:

  • Federal Reserve member Bullard said Fed needs to reach the highest rate level at which inflation starts to shrink before making other moves. Still, he expects to see a slowdown in rising prices over 2023.
  • Monthly CPI in Canada surpassed expectations (0.1% actual vs. -0.1% forecast). However, USDCAD remained still because Median CPI (another inflation measure) was down by 0.1%. Economists expect the Bank of Canada to continue its aggressive rate hike campaign.
  • An unusual transaction happened in the Ethereum network. Someone paid 121 ETH ($150 000) as a fee for a transfer from one address to another. It’s one of the biggest fees paid ever. There are rumors such actions is a fraud and may lead to an emergency upgrade of the blockchain.
  • Liz Truss has fired a minister because of the security breach. Many lawmakers in the UK want her to resign immediately, after only six weeks in the post. GBPUSD is about to have another red week.
  • Europe is buying cheaper Brazilian ethanol, tripling imports to cope with the energy crisis. Meanwhile, the gas price in the EU fell to $1170, the lowest since June. 

Good luck in trading!


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