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.”
November 17 2022 🕓 3 min
AUD/JPY erases this week’s gains amid Chinese worries
It looks like today's trading will be in a risk-off regime as China reported another record in COVID cases.
November 16 2022 🕓 3 min
GBP/JPY poised to retest short-term uptrend line
Another record high in UK inflation, but investors seem not to care as the GBP remained in a positive territory following the data.
November 15 2022 🕓 3 min
AUD/USD flies to 2-month highs amid US dollar weakness
The anti-USD mood has continued this week, pushing the greenback to multi-month lows against other major currencies.
November 15 2022 🕓 3 min
Forex outlook: AUD/USD, USD/CHF and NZD/JPY
This forex market outlook will look at AUD/USD, USD/CHF and NZD/JPY and explore the current trading opportunities for these currency pairs.
November 14 2022 🕓 3 min
USD/JPY advances back above 140
The immediate outlook for the USD is not positive anymore as it faces some strong resistances.
November 11 2022 🕓 3 min
GBP/USD at 3-month highs after UK data
USD bulls are retreating quickly, pushing the GBP/USD pair above 1.17, implying further gains are on the horizon.
November 10 2022 🕓 3 min
USDJPY defends 145 support, awaits US CPI data
Volatility is expected to be elevated after today's US inflation data.
November 9 2022 🕓 3 min
NZD/USD weakens amid profit-taking
The USD is trying to recover from this week's selling, with the Kiwi failing at the important 0.60 level.
November 8 2022 🕓 3 min
GBP/USD slips below 1.15, stays volatile
This week, investors are closely monitoring the midterm elections in the United States as they may determine which party controls Congress.
November 7 2022 🕓 3 min
Forex outlook: USD/CAD, EUR/AUD and USD/JPY
This forex market outlook will look at USD/CAD, EUR/AUD and USD/JPY and explore the current trading opportunities for these currency pairs.
November 7 2022 🕓 3 min
AUD/USD flies despite Chinese grim news
Today's huge reversal marks another sign that the bearish trend in risk assets could be over for now.
November 4 2022 🕓 3 min
USD/JPY struggles to maintain bullish momentum
Volatility will likely be elevated today as investors will react to the US jobs data.