TitleEURUSD H4 | potential reverse from resistanceTypeBearish ReversalPreference:Price is approaching our pivot point of 1.09988, which represents an overlap resistance. This level aligns with the...
EURUSD Pushing Higher As USD Falls After Powell Speech
USD Weakens on Powell CommentsEURUSD is pushing higher today against a backdrop of USD weakness following Powell’s semi-annual testimony at Congress yesterday. Speaking at the Senate Banking...
Still-Hot UK Inflation Raises Risks of Hawkish BOE Surprise
Hawkish RisksThe big focus in FX markets today will be the June Bank of England meeting. The BOE had been tipped to hike rates by a further .25%, marking the 13th consecutive rate hike and the...
NZDUSD H4 | React off 78.6 %
TitleNZDUSD H4 | React off 78.6 %TypeBearish ReversalPreference:Price is moving up towards our pivot point of 0.62347 which is an overlap resistance level that aligns with 78.6% Fibo retracement. A...
Bitcoin’s Signal is Keeping Bulls and Bears on their Toes
Bitcoin has tested the psychological level of 30000. The asset has closely approached the key resistance level of 31000. Bitcoin might potentially rebound and drop. However, considering the recent...
USDCAD H4 | Potential bearish reversal
TitleUSDCAD H4 | Potential bearish reversalTypeBearish ReversalPreference:Price is heading towards our pivot point of 1.32772 which is a pullback resistance that aligns with a 61.8% Fibo retracement....
USDCHF H4 | React off overlap resistance
TitleUSDCHF H4 | React off overlap resistanceTypeBearish ReversalPreference:Price is currently at our pivot point of 0.89923, which represents an overlap resistance. This level aligns with a 50%...
Bank of England's Underestimated Inflation Forecasts Expose Insufficient Policy Tightening
The surprise in UK consumer inflation for May was incredibly strong, raising concerns that the Bank of England may go into overdrive with the policy tightening. GBPUSD initially tried to gain...
Daily Market Outlook, June 21, 2023
Daily Market Outlook, June 21, 2023Munnelly’s Market Commentary… Asian equity markets experienced subdued trading as they reacted to the negative performance on Wall Street and lacked positive...
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