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.”
April 7 2021 🕓 3 min
USD/CAD statistical and technical analysis
The current price of the USD/CAD exchange rate is 1.2621 (April 07, 2021). This pair has slightly corrected its longer-term declining trend in recent months. The Canadian Dollar is a commodity currency and the rising price of oil may be one of the main reasons for the long downward trend. Let’s look at statistical and technical analyzes.
March 30 2021 🕓 2 min
USD/CHF statistical and technical analysis
The current price of the USD/CHF exchange rate is 0.9422 (March 30, 2021). This pair has rebounded dynamically in recent months. The last week is no exception. Therefore, we will look at statistical and technical analyzes.
March 23 2021 🕓 3 min
USD/JPY statistical and technical analysis
The current price of the USD/JPY exchange rate is 108.75 (March 23, 2021). This pair has rebounded dynamically in recent months. However, it is currently in the stabilization phase. What could be the next move? It will also depend on fundamental data in global financial market because the Japanese yen is a kind of “safe heaven” for investors. Let’s now look at statistical and technical analyzes.
March 16 2021 🕓 2 min
GBP/USD statistical and technical analysis
The current price of the GBP/USD exchange rate is 1.3895 (March 16, 2021). This pair has rebounded from an important short-term level today. Therefore, we will look at statistical and technical analyzes.
March 9 2021 🕓 2 min
EUR/USD statistical and technical analysis
The current price of the EUR/USD exchange rate is 1.1901 (March 09, 2021). The decline of this pair has slowed down today, and we will look at statistical and technical analysis.
March 4 2021 🕓 8 min
Major currency pairs in Forex trading
Exchange rates on the foreign exchange market are constantly being taken from currency pairs. Not all currencies in the world are traded worldwide, there are several countries whose currencies are traded more. These are countries that are both politically and economically stable. Currency pairs are almost the same amount as Forex in the world, but only a few are called major currency pairs.
March 4 2021 🕓 4 min
Fundamental vs. Technical analysis
The investors and traders have made good wealth in the stock market in the past few years. Therefore, more and more people are taking interest and participating in the share market. In fact, the traders and investors follow different methodologies while investing or trading. There are two methodologies in the stock market; fundamental analysis and technical analysis. Both the methodologies are very different from each other.