May 9 2023 🕓 3 min
AUD/USD dips as crucial resistance holds – will bulls break it?
The major resistance at 0.68 is limiting the Aussie's gains, but it looks like we could see a breakout in the near future.
Market Movers
May 12 2023
NZD weakens on all fronts
The New Zealand dollar (NZD) fell on all fronts on Friday. NZD/USD is down 1.4% and NZD/JPY dropped 1.2%, while GBP/NZD is up 1.3%.
May 12 2023
Inflation levels update
The annual inflation rate in India dropped from 5.6% in March to 4.7% in April. Brazil’s inflation fell from 4.6% to 4.1%. However, inflation in Spain accelerated from 3.3% to 4.1%, and France’s inflation jumped from 5.7% to 5.9%.
May 12 2023
Mark Cuban praises AI
The potential of AI, according to Mark Cuban, is “beyond anything I’ve ever seen,” and he compared ChatGPT to the early days of the internet. Cuban has a straightforward piece of advice for businesses: join the AI race or perish. Cuban stated, “There are two types of companies in the world: those who are great at AI and everyone else.”
May 8 2023 🕓 11 min
What’s the difference between fiat currencies and cryptocurrencies?
Discover how fiat currencies differ from cryptocurrencies and each one's advantages along with disadvantages.
May 5 2023 🕓 3 min
USD/CHF soars 1% on robust US labor market data
Another print above expectations sent the USD surging, with the USD/CHF pair trying to cancel the bearish trend.
May 4 2023 🕓 3 min
EUR/USD falters as ECB raises rates – still trades above 1.10.
The ECB sent the euro lower as traders are now less hawkish than before, implying only one full 25 bps rate hike this year.
May 4 2023 🕓 3 min
USD/JPY plunges after Fed’s decision – focus shifts to US jobs data
The USD fell notably following the last rate hike of this tightening cycle, with investors now shifting their attention to US data.
May 3 2023 🕓 3 min
GBP/USD creeps higher before Fed concludes its meeting
Inflation data is flooding in as Fed is nearing the end of its FOMC meeting on Wednesday. Will the sterling shoot past 1.26?
May 3 2023 🕓 3 min
NZD/USD advances to 3-week highs – awaits Fed’s decision
Today's price action in the FX market will largely be dependant on the Fed's monetary policy decision.
May 2 2023 🕓 3 min
EUR/USD dips with volatility as traders shift focus towards US data
EUR/USD continues the bearish day as the Eurozone releases mixed data. The focus has now been shifted towards the Fed.
May 2 2023 🕓 3 min
AUD/USD stages a massive rally after a surprising RBA rate hike
Another volatile day for the Australian dollar as it surged sharply due to the unexpected RBA decision.
May 1 2023 🕓 4 min
What are Forex robots and how do they work?
This article describes the features and functions of forex robots and tries to name some of the best forex trading robots in the market.
April 29 2023 🕓 6 min
How to understand Forex leverage
This article covers what leverage is, how it applies to foreign exchange trading, the pros and cons of utilizing leverage.
April 28 2023 🕓 3 min
USD/JPY soars on dovish BoJ decision – 200day average eyed
The Yen plummeted sharply as markets took the recent dovish BoJ decision seriously, sending USD/JPY toward the important 200-day average.
April 27 2023 🕓 3 min
GBP/JPY with a bullish bias, bounces off major support
The BoJ's dovish monetary policy is here to stay, possibly undermining the Japanese further against other major currencies such as the GBP.