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 3 2022 🕓 2 min
EUR/JPY on the crossroads – is big move on a horizon?
The euroyen currency pair broke a crucial trend line, indicating this may be the end of an uptrend. Still, confirmation is needed.
December 2 2022 🕓 3 min
AUD/USD awaits US jobs data above major support
Traders await today's data, which might undermine the greenback further, sending AUD/USD further higher.
December 1 2022 🕓 3 min
GBP/JPY weakens amid JPY revival
It looks like GBPJPY could burst out of its triangle pattern soon in another round of volatility.
November 29 2022 🕓 3 min
EUR/USD trades choppy, lacks direction
Volatility remains elevated, however, the direction of the euro seems unclear so far.
November 28 2022 🕓 3 min
USD/JPY plunges after Chinese protests
Volatility returned on Monday, with investors buying the "safe-haven" JPY and pushing USD/JPY to three-month lows.
November 27 2022 🕓 4 min
Forex outlook: EUR/USD, GBP/JPY and CAD/CHF
This forex outlook looks at three currency pairs and analyzes them through technical analysis, suggesting the next price moves.
November 26 2022 🕓 3 min
AUD/USD weakens despite PBOC easing
It looks like the uptrend might continue; however, bulls must bring the Aussie to new swing highs to confirm the upside momentum.
November 24 2022 🕓 3 min
EUR/USD advances after ECB accounts, German data
The dollar continues in its losing streak, failing to recover and pushing EUR/USD toward 1.05.
November 23 2022 🕓 3 min
NZD/USD jumps after another massive RBNZ rate hike
The NZD traded higher today, supported by the hawkish RBNZ decision and a generally weaker greenback.
November 22 2022 🕓 3 min
GBP/USD in bullish mode, trades above major support
The Pound has managed to capitalize on USD weakness today, rising more than 0.5% ahead of the US session on Tuesday.
November 21 2022 🕓 3 min
EUR/USD falls at the start of the week, eyes 1.02
The shared currency started the week in a negative trend, as investors took profits from the recent rally.
November 18 2022 🕓 3 min
EUR/GBP trades at significant support again
A big battle rages on for the 0.87 support, with the winning side likely driving the next week's price action.