Latest Market News
How Has AI Changed Forex Market? AI is a term that encompasses a variety of technologies, which includes machine learning and predictive analytics. These technologies play a big role in the Foreign Exchange market, which is expected to experience significant growth with a CAGR of 20.1% from now until 2029, reaching a total market value […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are nearing the overbought area, while the RSI is nearing the resistance line. A test of 8/8 (0.7080) should be expected, followed by a bounce off it and falling to the support level of 6/8 (0.6958). The scenario can be cancelled by rising over the […]
EURUSD, “Euro vs US Dollar” On H4, at the support level, the pair has formed an Inverted Hammer reversal pattern. The pair now continues going by the signal in an ascending wave. The goal of the growth might be 1.0960. However, the price may pull back to 1.0835, bounce off it, and continue the uptrend […]
Microsoft Announces ‘Third Phase Investment In Open AI Shares in US tech giant Microsoft are trading around 1% higher ahead of the US open today. The move comes on the back of yesterday’s announcement that the company will strengthen its partnership with ChatGPT maker Open AI via a new multibillion dollar investment deal. While the […]
UK Service Sector in Trouble The latest set of PMI readings for the eurozone and the UK today highlighted some clear divergence with regards to economic performance between the two. In the eurozone, the services sector was seen moving back into positive territory last month, printing 50.7, up from 47.8 in November. This marked a […]
EURUSD, “Euro vs US Dollar” The currency pair has corrected to 1.0846. Today the market goes on developing a structure of growth to 1.0948. After this level is reached, the pair may correct to 1.0840. Then the quotes might grow to 1.0965 and extend the wave to 1.0980. GBPUSD, “Great Britain Pound vs US Dollar” […]