Don’t waste your time – keep track of how NFP affects the US dollar!

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store


Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

72.12% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

Alibaba's Success and Bullish Forecasts for China from Top Agencies

Alibaba's Success and Bullish Forecasts for China from Top Agencies

Information is not investment advice

Welcome to Friday! Let’s review the main events happening in the market at the end of the week.

Today’s events:

17:00 GMT+2 - Existing Home Sales

Alibaba surges despite the revenue miss

Alibaba posted a mixed earnings report yesterday. While the adjusted earnings of the e-commerce firm came out at $1.82 per US share vs. analysts’ expectations of $1.7 per share, the results revealed another quarter of weak revenue performance, with $29.12 billion posted vs. $29.6 billion expected.

Despite the mixed data, Alibaba's stock reacted positively to this news, rising by more than 11% within a day. It helped Alibaba's stock to break the upper border of the descending trading channel and rise higher toward the next resistance at $88.00 (100-day SMA). If this level is broken, the buyers' next target will be $95.00 (200-day SMA). The support level lies at $71.30. Keep in mind that positive developments in China's economy (reduction of Covid restrictions, support of real estate developers) have resulted in the upside momentum of Chinese stocks. 


Other news worth mentioning:

  • Binance temporarily suspended Solana-based deposits in USDT and USDC. SOLUSD lost 3% on the news.
  • Chipmakers are cutting costs and curtailing aggressive spending plans amid fears of a longer-than-expected slowdown.
  • According to IMF chief Kristalina Georgieva, Russia’s war in Ukraine is the main reason the global economy is weakening.
  • Twitter temporarily shut its offices amid a massive resignation of workers. At the moment, less than half of Twitter’s employees committed to new “extremely hardcore” Elon Musk plans for the company.
  • The number of new Covid-19 cases in Beijing is quickly rising. Meanwhile, Goldman Sachs joined China’s bulls, Bank of America and JPMorgan, thinking China’s stocks are set to outperform in 2023.
  • Today, the European Central Bank will begin the largest withdrawal process of its liquidity from the Eurozone. The Central Bank will announce which share of credits received through the TLTRO must be paid by commercial banks.  According to analysts, banks will repay a loan for approximately 0.5 billion euros, which will be the biggest reduction of liquidity since 2000.




Choose your payment system

Feel the Team Spirit


Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later