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.”
August 16 2022 🕓 3 min
Forex outlook: EUR/USD, GBP/AUD, and CHF/JPY
Several currency pairs are forming interesting trading signals, with traders now eyeing EUR/USD, GBP/AUD, and CHF/JPY.
August 11 2022 🕓 3 min
Forex outlook: GBP/USD, USD/CHF, and GBP/JPY
High market volatility created solid trading signals on the following currency pairs: GBP/USD, USD/CHF, and GBP/JPY.
August 9 2022 🕓 3 min
Dollar index consolidates ahead of inflation data
This week will be dominated by inflation data from the US, with the CPI expected to decline from 9.1% in July to 8.7%.
August 8 2022 🕓 3 min
AUD/USD erases Friday’s losses
The USD has lost ground on Monday, losing all the gains scored on Friday as investors don't expect the Fed to remain ultra-hawkish.
August 5 2022 🕓 3 min
USD/CAD eyes 1.29 ahead of labor market combo
Volatility will certainly be elevated today as both the US and Canada will publish their jobs market numbers.
August 4 2022 🕓 3 min
GBP/USD drops after dovish BoE decision
The Bank of England hiked rates to 1.75%, but the Pound declined anyways as the central bank indicated an incoming recession.
August 2 2022 🕓 3 min
AUD/USD craters after RBA hikes rates
A 50 bps rate hike failed to spur any bullish momentum in the Australian dollar and it cratered instead.
August 1 2022 🕓 3 min
EUR/USD advances despite miserable German data
This morning, German retail sales came in at the lowest level ever recorded, while the manufacturing PMI in the euro area remained in the contraction range.
July 21 2022 🕓 4 min
The Turkish lira might be on the brink of collapse
The global meltdown is making it harder for Turkey to lower down their brutal 80% inflation and it may cause a collapse of their currency.
July 21 2022 🕓 3 min
Is USD/RUB ready to skyrocket again?
The Russian war caused massive volatility in the USD/RUB currency pair, and it is likely to skyrocket again.
July 20 2022 🕓 3 min
Is EUR/USD at the beginning of a giant uptrend?
Eurodollar fell to parity for the first time in 20 years. Fed and ECB are now on the mission to stabilize the economy.
July 15 2022 🕓 3 min
AUD/USD Gains as Bears Take Profits
The Australian dollar could be bottoming, likely leading to a notable rally as bears are taking profits from the recent decline.