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.”
June 24 2022 🕓 3 min
EUR/GBP remains near cycle highs following a barrage of UK/EU data
Volatility has been minimal on Friday, despite several important macroeconomic releases.
June 22 2022 🕓 3 min
GBP/USD erases post-CPI losses, climbs to daily highs
It looks like the GBP has quickly erased today's post-CPI losses as traders are selling the greenback heading into Powell's testimony.
June 21 2022 🕓 3 min
USD/CAD slips below 1.30 after domestic data
The double top formation could send the market notably lower in the next days.
June 17 2022 🕓 3 min
USD/JPY soars 2% after dovish BoJ decision
The yen slumped after dovish BoJ decision, while investors gladly bought the USD after this week's correction.
June 17 2022 🕓 3 min
GBP/USD jumps to 1.23 amid USD weakness
The Bank of England has decided to raise the Bank Rate by 25 basis points to 1.25%. The central bank declared that inflation is set to peak at an alarming 11 percent by the end of the year.
June 16 2022 🕓 3 min
Fed fights inflation and raises interest rates by 0.75%
The US Federal Reserve raised the base interest rate by 0.75%. It continues to tighten monetary policy in an attempt to tame high inflation.
June 15 2022 🕓 3 min
USD/CHF fails at parity again, awaits FOMC verdict
Today's FOMC verdict will surely bring massive volatility to the FX market, influencing the USDCHF pair.
June 14 2022 🕓 2 min
India faces record-high consumer price growth
India is facing the fastest year-on-year rise in wholesale prices in more than 30 years, putting a lot of pressure on inflation.
June 14 2022 🕓 3 min
EUR/GBP advances to 9-mth highs after EU & UK econ data
Sterling continues to decline as EUR bulls remain supported by somewhat hawkish ECB monetary policy outlook.
June 13 2022 🕓 3 min
GBP/USD drops to 1-mth lows amid risk-aversion
Sentiment deteriorated sharply Monday, sending the GBP/USD pair to one-month lows.
June 10 2022 🕓 2 min
Russia’s central bank cuts interest rates to pre-war levels
Russia's central bank said that inflation and economic activity are developing better than expected, despite extensive Western sanctions.
June 9 2022 🕓 2 min
ECB will raise interest rates in July
The ECB intends to raise the base rate by a 0,25% in July and expects to take a further step in this direction in September.