Trending Forex
  • EUR/USD
    1.05 -0.77%
  • GBP/USD
    1.23 -1.22%
  • AUD/USD
    0.7 -1.08%
GBP/USD drops below 1.24 after inflation numbers

GBP/USD drops below 1.24 after inflation numbers

This week, the UK's unemployment rate fell to a 48 year low of 3.7% in the first quarter of the year, while inflation accelerated to a 9% annual rate in April.
AUD/USD soars above key resistance after RBA minutes

AUD/USD soars above key resistance after RBA minutes

The Australian dollar has been supported today by the Reserve Bank of Australia's minutes from its May monetary policy meeting, which indicated that a more significant interest rate rise in June is still feasible.
GBP/JPY craters toward 200-day average

GBP/JPY craters toward 200-day average

This was a bad day for the GBP as the price fell below a critical support and the medium term outlook now changed to bearish.
The Philippines is the fastest growing economy in East Asia

The Philippines is the fastest growing economy in East Asia

The Philippine economy grew faster than expected in the Q1, raising expectations of an interest rate hike to curb rising inflation.
NZD/USD recovers slightly but remains bearish

NZD/USD recovers slightly but remains bearish

This week, the NZD has been under pressure as investors fret over the global growth outlook and the Federal Reserve's next move.
GBP/USD fails to stage a corrective rally, remains subdued

GBP/USD fails to stage a corrective rally, remains subdued

The positive sentiment failed to last, with US investors quickly selling today's rallies in risk assets.
AUD/USD drops to 4-mth lows, tests 0.70

AUD/USD drops to 4-mth lows, tests 0.70

The Aussie has been pressured by a decline in industrial metals, which have been falling on concerns about global economic growth.
USD/JPY recovers from FOMC induced losses

USD/JPY recovers from FOMC induced losses

The USD has managed to quickly erase yesterday's decline as the bull market remains intact.
Fed declares war on inflation and raises interest rates

Fed declares war on inflation and raises interest rates

As expected, the Fed raised the key interest rate by half a percentage point. This is the highest interest rate increase in 22 years.