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.”
March 15 2022 🕓 2 min
GBP/JPY remains bullish after UK labor market data
The Pound has been supported by the ongoing speculation that the Bank of England will deliver another rate hike at its meeting on Thursday.
March 11 2022 🕓 3 min
GBP/USD slips to new cycle lows
This morning, the Pound traded lower against the US Dollar after data showed that the UK economy bounced back strongly in January.
March 11 2022 🕓 2 min
EUR/USD fails to move after ECB, US inflation
Markets were disappointed from no groundbreaking news in the diplomatic talks between Russia and Ukraine, while major macro news also weighed in on sentiment.
March 7 2022 🕓 2 min
EUR/USD falls to post-COVID lows
So far, no major positive news came out of Ukraine/Russia, leading to another sell-off in risky assets.
February 28 2022 🕓 3 min
Statistical, technical & behavioral analysis of US Dollar
The current uncertainties in the geopolitical area could play an important role in the further development of the US dollar.
February 23 2022 🕓 3 min
RBNZ Lifts Rates, Sends Kiwi Flying
The kiwi shot higher as the central bank seems ready to bring rates further higher soon.
February 18 2022 🕓 3 min
AUD/USD Stays Stronger Following Barrage of Econ Data
More conflicting news came from Russia, while traders also paid attention to Australian and US data.
February 16 2022 🕓 3 min
GBP/USD ticks higher after inflation figures
Inflation showed no signs of easing in December, confirming the BoE's willingness to increase rates again.
February 15 2022 🕓 3 min
NZD/USD corrects losses after Lavrov comments
The threat of an "imminent" invasion of Ukraine might be over for now.
February 11 2022 🕓 3 min
USD/JPY spikes to cycle highs after US inflation report
The USD was down broadly after the latest inflation data, however, the USD/JPY pair surged to one-month highs.
February 7 2022 🕓 3 min
EUR/JPY stabilizes after last week’s massive rally
Profit-taking has brought the shared currency somewhat lower today, sending the EUR/JPY cross to the first major support.
February 2 2022 🕓 3 min
EUR/USD erases post-FOMC losses
The Euro has rallied recently, pushing the EUR/USD pair above the 1.13 resistance, completely erasing all the losses suffered after the hawkish FOMC decision.