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 12 2022 🕓 3 min
EUR/GBP consolidates on data-heavy day
This morning, the UK's unemployment rate improved to 3.8% in the three months to February, from 3.9% previously.
April 11 2022 🕓 3 min
GBP/USD flirts with 1.30 after UK data
This morning, UK data showed that the economy grew at a slower pace in February, sending the GBP to the 1.30 threshold.
April 8 2022 🕓 3 min
USD/CAD consolidates ahead of Canadian job market data
Could we see a reversal in the USD/CAD pair, or will bears prevail?
April 7 2022 🕓 3 min
EUR/AUD stays near 5-yr lows
It looks like the recent downtrend in the EUR/AUD cross might be over soon.
April 5 2022 🕓 3 min
AUD/USD at 9-Mth highs after RBA decision
Earlier today, the RBA kept monetary policy unchanged, as expected, and noted that inflation has picked up.
April 1 2022 🕓 3 min
USD/JPY surges ahead of US payrolls
The USD/JPY pair moved higher on Friday, utilizing the yen’s weakness after domestic data.
March 30 2022 🕓 3 min
EUR/USD pushes toward 1.12 as sentiment improves
This week, the euro has been supported by a de-escalation of the USD, as news that Russia would scale back military operations in eastern Ukraine helped to underpin the USD.
March 28 2022 🕓 2 min
USD/JPY refreshes 7-year highs
Monday has been a big one for the USD, as the US yields have continued to climb and the Bank of Japan undermined the JPY further.
March 25 2022 🕓 3 min
EUR/GBP defends significant support
As long as the 0.83 level holds, the market is likely to test the 200-day average near 0.8450.
March 22 2022 🕓 3 min
GBP/USD confirms bullish momentum
The positive sentiment continued today, leading to some solid gains for the British Pound.
March 21 2022 🕓 3 min
USD/JPY holds 6-year highs
Today, the USD has been on a tear, as the situation in Ukraine failed to improve, US yields jumped, and the markets focused on the Fed and soaring inflation.
March 18 2022 🕓 3 min
GBP/USD falls as BoE disappoints
Today, the Bank of England hiked rates by 25 bps, bringing the main refinancing rate to 0.75%. However, the MPC surprised investors by only 8 out of 9 members voting for a rate hike, while everyone expected a unanimous decision.