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.”
December 19 2022 🕓 3 min
USD/CAD falls amid surging oil, anti-dollar mood
Today, the US dollar was under pressure as the US manufacturing PMI and services PMI disappointed, while Oil prices recovered from this year's lows.
December 17 2022 🕓 2 min
EUR/AUD continues upward – more space to rise ahead?
EUR/AUD broke a several-week-long consolidation, which opened doors for a new upward move of around 500 pips.
December 16 2022 🕓 3 min
GBP/USD remains pressured after BoE hike, weak data
It looks like the GBP might underperform in the next days as the technical situation is starting to look rather bearish.
December 15 2022 🕓 3 min
EUR/USD slows ahead of ECB decision
Today's ECB monetary policy decision will surely move the single currency as yesterday's FOMC meeting failed to boost the US dollar.
December 14 2022 🕓 3 min
GBP/JPY eases after UK, Japanese (inflation) data
Today's volatility should come after the FOMC decision, however, sentiment seems bearish after Tuesday's US CPI data.
December 13 2022 🕓 3 min
EUR/GBP trades steady ahead of central banks combo
It looks like a calm before the storm as traders await this week's BoE and ECB decisions.
December 12 2022 🕓 3 min
GBP/USD floats above 200DMA after upbeat macro data
Volatility has been minimal so far today as market participants overlooked the recent batch of UK data.
December 9 2022 🕓 3 min
USD/CHF forms a massive reversal pattern
Next week's central bank's decision could shape the near-term direction for the dollar-swissie pair.
December 8 2022 🕓 3 min
USD/JPY at critical technical crossroads
The greenback is trying to recover from the recent selling pressure. However, it stays below previous lows, implying the weakness of bulls.
December 7 2022 🕓 3 min
Canadian dollar ticks higher as Bank of Canada pivots
Another central bank signaled a pause in its tightening cycle, this time strengthening the domestic currency (CAD) as a result.
December 6 2022 🕓 3 min
AUD/USD jumps after RBA rate hike – will it last?
Another rate hike by the RBA sent the Australian dollar notably higher today.
December 5 2022 🕓 3 min
EUR/USD fails at 1.06, suffers losses
This is an intraday reversal, as the pair failed to break the 1.06 barrier.