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.”
May 4 2022 🕓 2 min
Fed declares war on inflation and raises interest rates
As expected, the Fed raised the key interest rate by half a percentage point. This is the highest interest rate increase in 22 years.
May 3 2022 🕓 3 min
AUD/USD stays stronger following a rate hike
This morning, the Australian dollar strengthened against the US currency following the Reserve Bank of Australia's decision to hike rates to 0.3%.
May 2 2022 🕓 3 min
GBP/USD below 1.25 as dollar accelerates again
This week will be dominated by the Bank of England's monetary policy decision and the Federal Reserve's monetary policy decision.
April 28 2022 🕓 3 min
EUR/USD drops to 1.05 amid sustained USD buying
The massive divergence between EU and US monetary policies continues to drive the EUR/USD pair lower each week.
April 22 2022 🕓 3 min
GBP/USD craters after weak UK retail sales
The GBP/USD pair slid more than 1% on Friday, undermined by the miserable UK data and the global strength of the greenback.
April 22 2022 🕓 2 min
IMF and WB warns againg problems in poor countries
The heads of the IMF and the WB warned today that rising interest rates are weighing most heavily on the world's poorest countries.
April 20 2022 🕓 3 min
USD/CAD drops 1% after Canadian CPI
The Canadian dollar capitalized on rising inflation, advancing against its US rival.
April 19 2022 🕓 3 min
USDJPY eyes 130 as JPY selling continues
The bull market continues and the pair is quickly advancing toward 2002 highs at 130.
April 16 2022 🕓 2 min
Is Nepal in economic crisis?
Nepal asks citizens living abroad to deposit funds in domestic banks as a way to ensure sufficient liquidity in the financial system.
April 15 2022 🕓 2 min
China will cut reserve requirements for banks
China will for the first time this year reduce the amount of cash banks must hold as reserves to cushion a sharp slowdown in economic growth.
April 14 2022 🕓 3 min
USD/CAD drops after Bank of Canada Decision
The Bank of Canada delivered a 50 bps rate hike, but it remained hawkish, so more rate increases are coming.
April 13 2022 🕓 3 min
NZD/USD drops post-RBNZ decision
In a rather volatile trading session, the Kiwi declined sharply, despite a 50 bps rate hike by the central bank.