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.”
December 22 2021 🕓 3 min
GBP/CAD attacks 200-day moving average
It looks like the recent spike in GBP/CAD could be over soon as the price is about to test a strong resistance.
December 17 2021 🕓 2 min
GBP/USD spikes after BoE surprises with a rate hike
It looks the Pound could rally further, supported by the BoE decision and weaker USD.
December 16 2021 🕓 3 min
AUD/USD surges after Chinese data; awaits FOMC verdict
The Aussie headed into the FOMC decision stronger, however, that might quickly change once the Fed delivers its verdict on monetary policy.
December 14 2021 🕓 3 min
USD/JPY advances as USD strengthens broadly
The greenback was broadly higher on Monday, trying to recover from Friday's selling.
December 14 2021 🕓 3 min
GBP/JPY ticks higher after UK labor market data
Sterling strengthened today, but volatility is expected to remain elevated due to BoE monetary policy decision, due later in the week.
December 10 2021 🕓 2 min
EUR/GBP finally breaks above 200-day moving average
It looks like a new uptrend could begin in the EUR/GBP cross.
December 8 2021 🕓 3 min
AUD/USD surges after RBA decision
The Australian dollar rallied sharply from last week's lows, but it now faces a meaningful resistance.
December 8 2021 🕓 3 min
USD/CAD calm after Bank of Canada decision
The BoC decision has failed to induce volatility in the pair and it consolidated during the US session.
December 3 2021 🕓 3 min
GBP/USD plunges to one-year lows after US, UK data
The greenback remained in an uptrend following today's job data.
December 2 2021 🕓 3 min
AUD/USD rallies after GDP data
Is the Australian dollar going to stage a relief rally, considering the oversold conditions?
December 2 2021 🕓 3 min
EUR/USD nears major resistance
It would appear that the recent downtrend in the euro is over, but it needs to climb above 1.1350 to confirm that view.
December 2 2021 🕓 3 min
EUR/USD statistical and technical analysis
This week, the testimony of Jerome Powell caused higher volatility in major currency pairs, mainly due to the risk of Omicron and higher inflation. The current price of the EUR/USD exchange rate is 1.1330 (December 02, 2021). The currency pair is again in a critical support zone. Let us, therefore, look at statistical and technical analyzes.