BOC Cuts RatesThe Bank of Canada became the first central bank in the G7 group to cut rates yesterday. Marking its first rate cut in four years, the BOC noted that it was confident inflation was...
Daily Market Outlook, June 6, 2024
Daily Market Outlook, June 6, 2024Munnelly’s Macro Minute…“All Eyes On The ECB, The Second G7 Central Bank Rate Domino To Fall”Asian equity markets are in the green following gains on Wall Street,...
Aussie H4 | Potential Bullish Bounce
TitleAussie H4 | Potential Bullish BounceTypeBullish BouncePreference:Price could fall towards the pivot point of 0.6640 which is a pullback support level and potentially reverse from here; we could...
USD Slips as ECB's Hawkish Rate Cut Dominates Headlines
The US Dollar took a hit on Thursday, dipping as market players digested the European Central Bank's widely anticipated decision to slice its policy rate by 25 basis points. Despite the rate cut,...
EURUSD H4 | Bullish Bounce
TitleEURUSD H4 | Bullish BounceTypeBullish BouncePreference:Wait for price to pullback at the pivot of 1.0885, a pullback support level. A bounce from this level could lead the price to rise to 1st...
NZDUSD D1 | Approaching Swing-high Resistance
TitleNZDUSD D1 | Approaching Swing-high ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.6195 which is a swing-high resistance level and could potentially reverse...
EURUSD H1 | Bullish Bounce
TitleEURUSD H1 | Bullish BounceTypeBullish BouncePreference:Price is falling toward the pivot of 1.0840, an overlap support close to 61.8% Fibo retracement. A bounce from this level could lead the...
BOC Rate Cut: Will They, Won't They?
BOC on WatchAll eyes are on the Bank of Canada today as Tiff Macklem and co prepare to unveil their June rate decision. The bank has been giving strong easing signals recently and with inflation...
Dollar Arrests Decline Amid Mixed Economic Signals; Short-Term Rebound Is Likely
On Wednesday, the US Dollar picked up steam for the second consecutive day as the US Dollar Index, which measures the currency against six key rivals, managed to rise despite remaining in the red for...
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