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.”
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?
October 5 2021 🕓 3 min
AUD/JPY trying to start another bullish wave
The AUDJPY cross remained strong despite the recent equity sell-off. Are bulls taking over?
October 1 2021 🕓 3 min
AUD/USD strengthens, dollar eases amid profit-taking
The AUD/USD pair jumped Friday, but it remains under a strong resistance, unable to maintain bullish momentum.
September 29 2021 🕓 3 min
USD/JPY trades at cycle highs ahead of Powell’s testimony
Will Powell send yields and the USD/JPY pair higher again, or is it time for a little correction?
September 27 2021 🕓 3 min
EUR/JPY trades below 130 after German elections
German elections undermined the euro, but the Bank of Japan did its job and sent the JPY lower, causing the EUR/JPY cross to be stuck in a tight range.
September 24 2021 🕓 3 min
GBP/USD forms a triple bottom pattern
What a bounce on Thursday amid hawkish Bank of England, but the medium-term outlook remains neutral.
September 23 2021 🕓 3 min
EUR/USD jumps despite hawkish Fed
The USD failed to capitalize on a hawkish Fed, what happens next?
September 22 2021 🕓 3 min
USD/JPY expects FOMC outcome near 109.50
Volatility will most likely be elevated after today's FOMC decision. So far, the greenback remains stronger on the day.
September 22 2021 🕓 3 min
EUR/USD statistical and technical analysis
Evergrande’s missed payments can shake global financial markets. In that case, the temporary winner may be the US dollar. The current price of the EUR/USD exchange rate is 1.1719 (September 21, 2021). The currency pair is again in an important support zone. Let us therefore look at statistical and technical analyzes.
September 16 2021 🕓 3 min
AUD/USD slides after miserable employment data
The short-term outlook does not look so good as the Aussie is testing some serious support levels.
September 16 2021 🕓 2 min
Is DOW JONES losing its strength? What can this mean for indices in general?
The Dow Jones is one of the key indices of the world economy. Together with the SP 500 or NASDAQ, it is one of the most important indices also in the trading world. However, the last week does not look very good for this index. Because compared to the rest of the market, DOW JONES is starting to lose ground.
September 15 2021 🕓 3 min
EUR/GBP unimpressed by UK inflation data
Inflation rocketed higher in the UK, but the Pound failed to capitalize on it as the cross remains in a sideways trading regime.