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.”
January 24 2022 🕓 3 min
EUR/GBP advances amid GBP weakness post PMIs
The EUR/GBP cross moved higher today as the risk-off flows tend to benefit euro over the Pound.
January 21 2022 🕓 2 min
AUD/USD jumps after solid jobs data
Traders bought the Australian dollar following better than expected labor market data and general USD weakness.
January 19 2022 🕓 3 min
GBP/JPY slides after BoJ, UK data
Volatility has been unexpectedly low today, despite some major macro events.
January 17 2022 🕓 3 min
AUD/USD defends bullish channel
The USD has been weaker recently, despite rising yields and the Australian dollar managed to capitalize on that.
January 14 2022 🕓 3 min
EUR/USD at two-month highs after US inflation data
The USD declined broadly as traders took their profits from the recent rally. It looks like the medium-term uptrend might be soon over for the USD.
January 11 2022 🕓 2 min
USD/JPY snaps four-day losing streak
The greenback should be supported against the yen as US yields remain elevated.
January 10 2022 🕓 2 min
EUR/AUD fails at 200-day average
Huge inflation in the Eurozone will likely keep the euro under pressure this year.
January 5 2022 🕓 3 min
EUR/USD slides below 1.13 amid rising US yields
It looks like the USD might outperform the euro during the first trading days of the new year.
January 5 2022 🕓 3 min
USD/JPY hovers near five-year highs
The greenback weakened notably today, erasing most of Tuesday's gains as traders brought home some profits from the recent rally.
January 3 2022 🕓 2 min
GBP/USD jumps to one-month highs
Rising Omicron cases but flat death rates have pushed the GBP/USD pair to one-month highs.
December 28 2021 🕓 2 min
EUR/JPY jumps to five-month highs amid optimistic sentiment
There have been no major economic news to drive the markets today, resulting in a minimal volatility.
December 24 2021 🕓 3 min
USD/JPY spikes to one month-highs after barrage of US data
US yields advanced notably today, supporting the USD/JPY pair and sending it to one-month highs.