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 9 2022 🕓 3 min
EUR/JPY awaits ECB decision at 7-year highs
This is the first ECB meeting since President Christine Lagarde announced a plan to end the ultra-accommodative monetary policy and signaled that the central bank will start hiking rates very soon.
June 8 2022 🕓 3 min
GBP/USD fails at 1.26 resistance, again
The immediate trend for Sterling seems unclear as it lacks momentum, but volatility remains elevated.
June 7 2022 🕓 3 min
AUD/USD fails to hold gains following RBA decision
Traders quickly sold the post-RBA rally as the USD has strengthened broadly today.
June 5 2022 🕓 2 min
Turkey faces record inflation that is likely to get worse
Turkey's annual inflation rate climbed to a 24-year high of 73.5% in May, boosted by rising energy prices and a fall in the lira.
June 3 2022 🕓 3 min
EUR/USD slips after EU data; awaits US jobs market
This week's macroeconomic highlight is due soon, with volatility expected to be elevated shortly after the data.
June 3 2022 🕓 2 min
Ukraine’s central bank raises interest rates to record levels
Ukraine's central bank today raised its benchmark interest rate from ten to 25%, the highest in seven years.
June 2 2022 🕓 3 min
USD/CHF remains pressured near 6-week lows
It looks like the USD may drop to new swing lows against the Swiss Franc as the selling pressure remains solid.
June 1 2022 🕓 2 min
Inflation in the euro area rose again in May
The euro area's annual consumer price inflation accelerated to 8.1% in May, compared with 7.4% in April. This is mainly due to energy prices.
June 1 2022 🕓 3 min
AUD/USD climbs after domestic and Chinese data
Traders bought the Aussie following some optimistic news from Australia and China, while the USD weakened.
May 30 2022 🕓 2 min
EUR/USD attacks significant resistance
Today, the euro advanced to the upper trend line of the descending channel, a key resistance area.
May 29 2022 🕓 2 min
A good starting point for the US
The economy is undergoing a transformation and the United States is very well positioned for it. The US has a strong labor market.
May 26 2022 🕓 2 min
USD/JPY looks bearish, targets 125
The daily chart shows a massive head and shoulders pattern already validated by the price action.