February 7 2023 🕓 3 min
GBP/USD falls below psychological 1.20 amid USD strength
Traders bought the USD broadly today, sending the GBP/USD pair lower.
Market Movers
February 7 2023
Binance donates $5 million to Turkey
Binance pledged to donate $100 in BNB tokens to every user affected by the 7.8 magnitude earthquake that happened in Turkey. This would be roughly $5 million in total, according to CZ, the CEO of Binance.
February 7 2023
Adani’s stock up after massive turmoil
After falling approximately 75% in just a few weeks, Adani Group’s stock surged 15.28% on Tuesday. The positivity around the company was influenced by the founders prepaying nearly $1.1 billion in loans.
February 7 2023
RBA lifts interest rates by 25 bps
The Reserve Bank of Australia increased interest rates by 25 bps from 3.1% to 3.35%. The interest rates were raised for the ninth time in a row, bringing borrowing costs to a level not seen more than a decade.
January 24 2023 🕓 3 min
EUR/JPY forms a massive falling wedge pattern
The technical formation could send the euro sharply higher as investors price in more ECB rate hikes.
January 23 2023 🕓 3 min
EUR/USD pumps to 9-mth highs amid ECB expectations
It looks like another bullish week for the shared currency as markets continue to price in hawkish ECB and dovish Fed.
January 20 2023 🕓 3 min
GBP/JPY is on the move again, targets 160
Today's data failed to derail the short-term bullish momentum and the Pound could break above 160 soon.
January 19 2023 🕓 3 min
AUD/USD plunges amid weak jobs data, negative sentiment
Bears regained control of the market this week, causing a much needed correction in the AUD/USD pair.
January 18 2023 🕓 3 min
GBP/USD jumps 1% to the highest level in a month
The Pound rocketed higher as the USD fails to keep any meaningful momentum.
January 17 2023 🕓 3 min
NZD/USD holds gains, eyes 6-mth highs
Traders continue to sell the USD, pushing the NZD/USD pair to its recent cycle highs.
January 16 2023 🕓 3 min
EUR/USD defends 9-month highs, stays above 1.08
This week's trend will likely be decided on Wednesday amid crucial US data.
January 12 2023 🕓 3 min
GBP/USD expects US inflation data above key supports
The USD will surely be volatile today, likely continuing in its downtrend if US inflation eases further.
January 11 2023 🕓 3 min
AUD/USD jumps amid Aussie data and broad US dollar weakness
The AUD traded half a percent higher during the Frankfurt session on Wednesday, boosted by the recent Australian data and the ongoing USD weakness.
January 10 2023 🕓 3 min
USD/JPY fails to move after Japan’s inflation, awaits Powell speech
Today's Powell speech could bring elevated volatility and larger movements to the financial markets.
January 9 2023 🕓 8 min
FX outlook for 2023: where are the main currency pairs heading?
The US dollar was an obvious winner against other fiat currencies in 2022, but the situation may turn around this year.
January 7 2023 🕓 2 min
GBP/NZD continues downward, aiming at crucial support
The GBP/NZD is indicating a further downward trend in the near future, providing roughly 300 pips to traders.