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.”
February 7 2023 🕓 3 min
EUR/USD touches 2-week lows ahead of Powell’s speech
Volatility could be highly elevated today as investors will react to Jay Powell's speech.
February 6 2023 🕓 3 min
USD/JPY advances above solid resistance amid BoJ rumors
It looks like the greenback might rally toward the 200-DMA amid renewed JPY weakness.
February 2 2023 🕓 3 min
GBP/USD shows volatility after BoE hikes rates
Another major central bank joined the "dovish hike" club, sending the Pound lower.
February 2 2023 🕓 3 min
Dollar index collapses after dovish Fed
Traders sold the greenback after the latest Fed's decision, with the dollar index remaining in a bearish trend.
February 2 2023 🕓 2 min
Lebanon devalues Lira by 90% – why did it take such a drastic step?
Lebanon has been in a financial crisis for many years and decided to step in. Whether this step will be sufficient is questionable.
February 1 2023 🕓 3 min
EUR/USD remains in an uptrend ahead of Fed, and ECB meetings
This week could set the direction for the near future as both the central banks decide about monetary policy.
January 31 2023 🕓 3 min
AUD/USD plunges after miserable Australian data
The Australian dollar slid again as investors remain in a risk-averse mood ahead of this week's key macro updates.
January 30 2023 🕓 3 min
AUD/JPY dips amid JPY strength, awaits Fed this week for direction
The Aussie remained under pressure today as JPY fundamentals supported the Yen.
January 27 2023 🕓 3 min
NZD/USD defends critical support ahead of jobs data
So far, the uptrend remains intact as investors continue to dump the US dollar.
January 26 2023 🕓 2 min
Dollar index drops to 7-mth lows as bearish pressure persists
The dollar index dropped again, hitting stop losses below 102 as bears remain in control.
January 25 2023 🕓 3 min
USD/CAD jumps as Bank of Canada pauses rate hikes
The Canadian dollar slipped today, weakened by the BoC's decision to halt the rate hikes.
January 25 2023 🕓 3 min
AUD/USD shoots higher following inflation data
The uptrend in AUD/USD continued today as the USD remains unloved due to the dovish shift in Fed's expectations.