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.”
September 20 2022 🕓 3 min
EUR/SEK jumps to 6-month highs after Riksbank raises rates
Larger than expected rate hike has failed to inspire Krona bulls and the Swedish currency fell instead.
September 19 2022 🕓 3 min
AUD/USD tests major support again
This is the third time the Australian dollar has tested major support in the last two months as it has been pressured by rising US interest rates.
Audio article September 16 2022 🕓 2 min
Argentina raises interest rate to 75%
Argentina's central bank raised its key interest rate to 75% in an effort to support its currency and curb inflation approaching 100%.
September 16 2022 🕓 3 min
GBP/USD plunges to nearly four-decade lows
This is the first time that the Pound has fallen below the 1.14 level since 1985.
September 14 2022 🕓 3 min
GBP/USD back at 1.15 after inflation combo
Inflation figures from the US caused the pair to plummet, while the UK inflation supported the Pound afterward.
September 13 2022 🕓 3 min
GBP/USD sits at three-week highs ahead of US inflation
Sterling hopped to three week highs as USD eased ahead of the US CPI data, due later today.
September 13 2022 🕓 3 min
Forex outlook: EUR/USD, AUD/JPY and EUR/CHF
Forex market is presenting brand new trading opportunties. This article will analyse three currency pairs.
September 12 2022 🕓 3 min
EUR/USD soars 1% to 1-month high
Could the euro break from its downward channel?
September 9 2022 🕓 3 min
USD/CAD defends 1.30 after terrible CAD jobs market data
The anti-USD mood hit the markets on Friday, but the CAD failed to capitalize on it fully.
September 8 2022 🕓 3 min
USD/JPY spikes to 24-year highs
This morning, the US dollar surged to a 24 year high against the Japanese yen as the country's top currency diplomat expressed concern about recent yen moves.
September 7 2022 🕓 3 min
CAD strengthens following a 75 bps rate hike
This afternoon, the Bank of Canada raised interest rates by 75 basis points to 3.25%, which was in line with the market's expectations.
September 7 2022 🕓 2 min
Chinese yuan weakens – the central bank had to step in
China's central bank cut the number of foreign exchange reserves while setting a stronger-than-expected fix exchange rate.