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.
Tag: forex
May 8 2023 🕓 11 min
What’s the difference between fiat currencies and cryptocurrencies?
Discover how fiat currencies differ from cryptocurrencies and each one's advantages along with disadvantages.
May 5 2023 🕓 4 min
Markets end the week with gains – will the rise last?
Stocks rebounded with a rally in big tech and better than expected US Nonfarm Payroll data. Focus shifts to next inflation data.
May 5 2023 🕓 3 min
USD/CHF soars 1% on robust US labor market data
Another print above expectations sent the USD surging, with the USD/CHF pair trying to cancel the bearish trend.
May 4 2023 🕓 3 min
Stocks slide lower a day before next big data – focus shifts to NFP
Renewed banking sector fears pull the stocks lower. Traders are shifting to the next big thing - NFP
May 4 2023 🕓 3 min
EUR/USD falters as ECB raises rates – still trades above 1.10.
The ECB sent the euro lower as traders are now less hawkish than before, implying only one full 25 bps rate hike this year.
May 4 2023 🕓 3 min
USD/JPY plunges after Fed’s decision – focus shifts to US jobs data
The USD fell notably following the last rate hike of this tightening cycle, with investors now shifting their attention to US data.
May 3 2023 🕓 3 min
Stocks pause gains after Fed decision – will Fed pause as well?
The Fed has increased its rates and the markets are feeling the pain. Will Fed pause in June or hike more?
May 3 2023 🕓 3 min
GBP/USD creeps higher before Fed concludes its meeting
Inflation data is flooding in as Fed is nearing the end of its FOMC meeting on Wednesday. Will the sterling shoot past 1.26?
May 3 2023 🕓 3 min
NZD/USD advances to 3-week highs – awaits Fed’s decision
Today's price action in the FX market will largely be dependant on the Fed's monetary policy decision.
May 2 2023 🕓 3 min
EUR/USD dips with volatility as traders shift focus towards US data
EUR/USD continues the bearish day as the Eurozone releases mixed data. The focus has now been shifted towards the Fed.
May 2 2023 🕓 3 min
AUD/USD stages a massive rally after a surprising RBA rate hike
Another volatile day for the Australian dollar as it surged sharply due to the unexpected RBA decision.