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 3 2021 🕓 3 min
GBP/USD statistical and technical analysis
BOE Governor Andrew Bailey is speaking in Glasgow today. However, the most important event of the day will be the FOMC Press Conference. The current price of the GBP/USD exchange rate is 1.3655 (November 03, 2021). This pair is still in the important medium-term zone. Therefore, we will now look at statistical and technical analyzes.
November 3 2021 🕓 3 min
EUR/USD weakens after dovish Lagarde & robust US data
It looks like the ECB is far from tightening monetary policy, possibly keeping the Euro under pressure over the next months.
October 28 2021 🕓 2 min
CAD surges after hawkish Bank of Canada decision
The CAD soared after the recent BoC action, but it needs to push the USD/CAD pair below 1.23 to continue strengthening.
October 28 2021 🕓 3 min
EUR/JPY falls ahead of ECB meeting
The Bank of Japan sounded dovish (as expected). Will the ECB surprise later in the day?
October 27 2021 🕓 3 min
GBP/JPY defends previous highs
The trend is clear and bulls have everything under control as the BoJ remains ultra dovish, while the BoE might raise rates soon.
October 23 2021 🕓 3 min
EUR/USD advances ahead of Powell’s speech
The greenback failed to capitalize on rising yields and declined instead, dropping against most of the major currencies Friday.
October 20 2021 🕓 3 min
USD/CAD hitting multi-month lows amid USD weakness, soaring oil
Broad US dollar weakness and strong oil continue to undermined the USD/CAD pair.
October 19 2021 🕓 3 min
Aussie targets 200-day average in the current leg higher
The Australian dollar hit the wall of selling orders near September highs. Will it burst through that resistance?
October 14 2021 🕓 3 min
USD/CHF loses 50-day average amid broad USD weakness
The dollar continues to decline, despite soaring rate-hike expectations.
October 11 2021 🕓 3 min
USD/JPY at three-year highs after US jobs market data
Momentum remains bullish and dips are expected to be bought as long as the greenback trades above the 111 level.
October 9 2021 🕓 2 min
EUR/USD holds minor gains after Non-Farm Payrolls
Latest US labor market data failed to spur any significant volatility in the USD, the medium-term downtrend for the pair remains intact.
October 7 2021 🕓 3 min
NZD plunges despite a rate hike, hawkish guidance
The Kiwi was hammered today, and the RBNZ failed to help. Will the bearish trend continue?