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.”
March 17 2023 🕓 3 min
USD/JPY tests bullish trend, with focus on Fed and yields
The negative sentiment for the USD could drag the pair further lower as it looks like the Fed's tightening might be over.
March 16 2023 🕓 3 min
EUR/USD hardly moves after today’s ECB decision
Today's ECB decision brought not volatility to the markets, with investors completely ignoring it.
March 15 2023 🕓 3 min
AUD/USD fails at critical resistance
It looks like the recent optimism is over, pushing the AUD down from the critical resistance.
March 14 2023 🕓 3 min
GBP/USD corrects yesterday’s gains, awaits US CPI
Today's US inflation data could pave the way for future rate cuts by the Fed.
March 9 2023 🕓 3 min
EUR/USD pops as investors take profits after greenback’s rally
The greenback could come under selling pressure as bulls have been unable to achieve any progress in the chart.
March 8 2023 🕓 3 min
GBP/USD drops below key support, touches 3-mth lows
The greenback might continue moving higher as Tuesday's Powell speech killed pivot hopes.
March 7 2023 🕓 3 min
AUD/USD drops to 3-mth lows after RBA hike, Chinese data
The Australian dollar declined today as the rate hiking cycle could be over soon in Australia.
March 6 2023 🕓 3 min
Is the dollar index set to reverse lower?
Volatility could be lower today due to the lack of major economic releases.
March 2 2023 🕓 3 min
Euro stumbles ahead of EU inflation figures
Volatility will likely pick up after today's EU inflation numbers.
March 1 2023 🕓 3 min
AUD/USD surges after economic data and broad US dollar decline
Sentiment seems optimistic after today's Chinese data, pushing higher risk assets.
February 28 2023 🕓 3 min
USD/JPY attacks 200-day average, USD strengthens
Sentiment praised the USD today, pushing the greenback toward the 200-day moving average.
February 27 2023 🕓 3 min
EUR/USD finds support at the bottom of downtrend channel
Monday could bring lower volatility as there are no major macro data on the agenda, thus, possibly starting a relief rally for the euro.