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 4 2022 🕓 3 min
USD/TRY trades near record highs as inflation crisis worsens
The yearly rate of inflation in Turkey has reached its highest level in 24 years, sending the Lira to new historic lows.
November 3 2022 🕓 3 min
GBP/USD plunges despite a massive BoE rate hike
Sterling has failed to catch any bids today, dropping sharply and completely ignoring today's sizeable rate hike.
November 1 2022 🕓 3 min
AUD/USD jumps after RBA decision
Sentiment has been positive today, bolstering demand for risky assets such as stocks, or the Australian dollar.
October 31 2022 🕓 3 min
Forex outlook: EUR/HUF, EUR/SEK and EUR/TRY
This forex market outlook will look at EUR/HUF, EUR/SEK, EUR/TRY and explore the current trading opportunities.
October 31 2022 🕓 3 min
EUR/USD weakens again, targets 0.98
Weak macro data and high inflation numbers from EU prompted another day of selling in the EUR/USD pair.
October 28 2022 🕓 3 min
USD/JPY slides following US data
The USD has failed to benefit from today's US data, leaving the USD/JPY pair slightly lower during the US session.
October 27 2022 🕓 3 min
USD/CAD plunges after dovish BoC hike
The USD weakened notably today, pushing the CAD higher, despite a disappointing BoC decision.
October 25 2022 🕓 3 min
EUR/USD treads water, stays near 0.99
It looks like a little pause before another leg higher in EUR/USD, targeting the psychological level of parity.
October 24 2022 🕓 3 min
AUD/USD falls like a stone, erases Friday’s gains
This week's economic calendar is dominated by Australian inflation data, which is due later in the week.
October 23 2022 🕓 3 min
Forex outlook: CAD/JPY, EUR/AUD and USD/CHF
This Forex market outlook will look at CAD/JPY, EUR/AUD, USD/CHF and explore the current trading opportunities.
October 21 2022 🕓 3 min
GBP/USD fades below 1.12, confirming bearish breakdown
It looks like the recent correction might be over, with bears regaining control of the pair.
October 20 2022 🕓 3 min
AUD/USD strengthens after jobs data, US claims
Aussie surged today as sentiment remained positive, despite rising US Yields.