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.”
November 25 2021 🕓 3 min
NZD/USD craters 1% after RBNZ decision; US data
What a day in the currency markets as volatility has arrived!
November 23 2021 🕓 3 min
USD/JPY nears five-year highs amid rising US yields
The dollar-yen currency pair conquered the 115 level for the first time in several years. Will the uptrend continue?
November 21 2021 🕓 2 min
EUR/USD craters to 16-month lows after dovish Lagarde comments
Traders sold the euro Friday as Lagarde reiterated her dovish stance and new lockdowns are reimposed in many EU countries.
November 18 2021 🕓 3 min
FTSE down four consecutive days, undermined by inflation data
The FTSE index has been the weakest out of major EU indices as the BoE seems ready to start hiking rates in December.
November 18 2021 🕓 3 min
USD/CAD back in the 1.25 region amid USD strength
The greenback continued to push the CAD into defense amid broad USD strength.
November 16 2021 🕓 3 min
AUD/JPY bounces after Chinese data
Sentiment turned to bullish today, boosting commodity-linked currencies as stocks continued in their uptrend.
November 16 2021 🕓 3 min
GBP/USD ticks higher after Labor market data
It looks like the GBP/USD pair is forming a short-term upside reversal pattern. Is the decline over, then?
November 11 2021 🕓 3 min
GBP/AUD advances after UK, Australia econ data
It has been a busy day for both the Pound and the Australian dollar.
November 10 2021 🕓 3 min
AUD/USD drops to one-month lows after Chinese inflation numbers
The Aussie remains in its slow downtrend, dropping to new swing lows today.
November 9 2021 🕓 3 min
EUR/GBP fails at 200-day average again
It looks like the long-term downtrend will continue, unless bulls push the euro above the 200-day moving average.
November 5 2021 🕓 3 min
GBP/USD Slides Ahead of BoE Decision
Volatility continues today as traders are getting ready for the Bank of England monetary policy decision.
November 3 2021 🕓 3 min
Aussie craters after dovish RBA decision
The RBA smashed the Australian dollar today, will it recover, or has the pair peaked?