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.”
January 24 2023 🕓 3 min
EUR/JPY forms a massive falling wedge pattern
The technical formation could send the euro sharply higher as investors price in more ECB rate hikes.
January 23 2023 🕓 3 min
EUR/USD pumps to 9-mth highs amid ECB expectations
It looks like another bullish week for the shared currency as markets continue to price in hawkish ECB and dovish Fed.
January 20 2023 🕓 3 min
GBP/JPY is on the move again, targets 160
Today's data failed to derail the short-term bullish momentum and the Pound could break above 160 soon.
January 19 2023 🕓 3 min
AUD/USD plunges amid weak jobs data, negative sentiment
Bears regained control of the market this week, causing a much needed correction in the AUD/USD pair.
January 18 2023 🕓 3 min
GBP/USD jumps 1% to the highest level in a month
The Pound rocketed higher as the USD fails to keep any meaningful momentum.
January 17 2023 🕓 3 min
NZD/USD holds gains, eyes 6-mth highs
Traders continue to sell the USD, pushing the NZD/USD pair to its recent cycle highs.
January 16 2023 🕓 3 min
EUR/USD defends 9-month highs, stays above 1.08
This week's trend will likely be decided on Wednesday amid crucial US data.
January 12 2023 🕓 3 min
GBP/USD expects US inflation data above key supports
The USD will surely be volatile today, likely continuing in its downtrend if US inflation eases further.
January 11 2023 🕓 3 min
AUD/USD jumps amid Aussie data and broad US dollar weakness
The AUD traded half a percent higher during the Frankfurt session on Wednesday, boosted by the recent Australian data and the ongoing USD weakness.
January 10 2023 🕓 3 min
USD/JPY fails to move after Japan’s inflation, awaits Powell speech
Today's Powell speech could bring elevated volatility and larger movements to the financial markets.
January 9 2023 🕓 8 min
FX outlook for 2023: where are the main currency pairs heading?
The US dollar was an obvious winner against other fiat currencies in 2022, but the situation may turn around this year.
January 7 2023 🕓 2 min
GBP/NZD continues downward, aiming at crucial support
The GBP/NZD is indicating a further downward trend in the near future, providing roughly 300 pips to traders.