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.”
July 13 2022 🕓 3 min
NZD/USD unimpressed by a massive rate hike
There was no volatility following the latest RBNZ decision as traders are likely getting ready for today's US inflation data.
July 12 2022 🕓 3 min
EUR/USD collapses to parity as EU faces economic catastrophe
The euro just keeps on dropping as investors are selling the single currency due to several economic issues.
July 11 2022 🕓 3 min
AUD/USD craters, weighed down by negative sentiment
Sentiment was bearish on Monday as investors are expecting a massive global recession in the following months.
July 8 2022 🕓 3 min
GBP/USD hovers near 1.20, awaits US jobs market update
Volatility could be elevated during the US session as investors will pay attention to the US labor market data.
July 6 2022 🕓 3 min
USD/JPY stays strong despite a plunge in yields
USD/JPY has so far ignored recent plunge in bond yields as there are really no reasons to buy JPY right now.
July 6 2022 🕓 2 min
Reserve Bank of Australia raises base rate
The Reserve Bank of Australia (RBA) raised its base rate by half a percentage point to 1.35%. It shows us the fastest increase since 1994.
July 5 2022 🕓 3 min
EUR/USD collapses as German economy faces implosion
The Euro continues in its downtrend as everything points to further losses amid an incoming severe economic depression.
July 1 2022 🕓 3 min
EUR/USD drops after highest inflation reading ever
Today, the euro has been under pressure in a downtrend channel, as the market awaits the release of the ISM manufacturing PMI for June.
June 30 2022 🕓 3 min
GBP/USD remains resilient in risk-aversion trading
Sterling could come under renewed selling pressure as long as it trades below May's lows.
June 30 2022 🕓 3 min
Russia is heading for deflation
Russia is facing a problem with low demand and a strong ruble. The ruble will have to weaken a bit or companies will have to cut production.
June 28 2022 🕓 2 min
Hungarian central bank unexpectedly raised the base rate
Hungary's central bank shocked financial markets today by raising its key interest rate sharply. It increased by 1.85% to 7.75%.
June 27 2022 🕓 3 min
USD/JPY settles near 135 following US data
Volatility has been minimal today and USD/JPY rather ignored several important macro releases.