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.”
April 26 2023 🕓 3 min
AUD/USD dives as RBA could ease off the hiking
The Australian dollar takes a dive after RBA shared the freshest inflation data. The slowing inflation is not good for the Aussie.
April 26 2023 🕓 3 min
EUR/GBP pushes toward major resistance – will bulls break it?
It looks like EUR/GBP could finally start a meaningful trend, if it manages to get above the 0.8860 resistance.
April 25 2023 🕓 3 min
GBP/USD slides, awaits further impetus for direction
There has been no direction in the GBP/USD pair as markets are getting ready for a large batch of US data.
April 24 2023 🕓 3 min
EUR/USD jumps above 1.10 after hawkish comments – will it hold?
Third time could be the charm for euro bulls as the single currency is trying to stay above the 1.10 level for the third time this year.
April 23 2023 🕓 6 min
How to read live forex trading charts
This article discussed the various varieties of forex charts and their variations. It also provided some analysis strategies for forex charts.
April 22 2023 🕓 15 min
Four simplest forex trading strategies to make steady income
Around 80% of traders fail because they overcomplicate the trading process. Discover the 4 simplest trading strategies for each trading style.
April 21 2023 🕓 4 min
GBP/JPY tests short-term support – will bulls defend the uptrend?
The negative sentiment dragged the risk-sensitive GBP/JPY cross lower today, with bulls trying to defend meaningful short-term support.
April 20 2023 🕓 3 min
EUR/GBP ignores recent data dump – sideways trading continues
The lull will likely continue in the EUR/GBP cross until the price breaks from the multi-month sideways trading range.
April 19 2023 🕓 3 min
GBP/USD stays near cycle highs after UK inflation data
Inflation is not slowing as fast as expected, putting pressure on the Bank of England to continue raising rates.
April 18 2023 🕓 4 min
AUD/USD cheers today’s hawkish RBA minutes, jumps 0.5%
Sentiment improved Tuesday, sending the USD down and helping the Australian dollar to book solid gains.
April 17 2023 🕓 3 min
Dollar index defends previous lows – double bottom formation in play?
If the technical setup is any indication of future's trading, we could see a stronger US dollar rally over the next days.
April 16 2023 🕓 6 min
How to identify forex scam
This article has discussed the best ways to defend yourself from forex scams. How can you avoid them?