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 6 2022 🕓 3 min
AUD/USD ignores another significant rate hike
This has been another large rate hike in a row for the RBA, but the Australian dollar has not reacted well to the increase.
September 5 2022 🕓 3 min
EUR/USD drops to fresh 20-year lows
This week's economic calendar is relatively light with only a handful of data releases to contend with. The focus will be on the Thursday's ECB decision.
September 2 2022 🕓 2 min
Russian foreign exchange reserves in Chinese yuan?
Russia is considering buying Chinese yuan and currencies of other countries considered friendly for a total of $70 billion this year.
September 2 2022 🕓 3 min
USD/JPY trades at 24-year highs
Today's US labor market data will surely cause some large volatility.
August 31 2022 🕓 2 min
Hungarian central bank raises interest rate by 1%
It did so in an effort to curb inflation and support the domestic currency. At the same time, other measures are being introduced.
August 29 2022 🕓 3 min
EUR/USD remains below parity after Jackson Hole Symposium
The Fed's Powell reiterated that the Fed would continue to raise borrowing costs & that the central bank has no intention of switching to a more dovish policy.
August 24 2022 🕓 3 min
GBP/USD tags stop losses below 1.18, then reverses
It looks like the bears will have to wait as the technical situation in GBP/USD favours a tiny relief rally.
August 23 2022 🕓 3 min
Forex outlook: GBP/USD, CHF/JPY, and EUR/NZD
Current volatile markets offer several trading signals on three currency pairs: GBP/USD, CHF/JPY, and EUR/NZD.
August 23 2022 🕓 3 min
USDJPY jumps to cycle highs
The USD has been trending higher recently as the Fed's next steps are being judged by investors.
August 22 2022 🕓 3 min
EUR/USD trades at parity again
This week will be dominated by the Federal Reserve's meeting in Jackson Hole on Friday while EUR/USD got below parity again.
August 19 2022 🕓 3 min
GBP/USD falls to 1-month low as USD strengthens
This week, the Pound has been under pressure as investors continue to fret about the incoming recession in the UK economy.
August 18 2022 🕓 3 min
AUD/USD ticks higher after labor data
This morning, the Australian dollar traded higher after data showed that the Australian labor market deteriorated.