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Forex

EUR Lower As Growth Fears Weigh on Sentiment
EUR Lower As Growth Fears Weigh on Sentiment

Eurozone Growth FearsThe Euro remains under pressure on Tuesday as the latest set of eurozone economic data adds to bearish sentiment. The ZEW economic sentiment survey for the eurozone slipped...

GBPUSD H4 | Reacting off 1st resistance?
GBPUSD H4 | Reacting off 1st resistance?

TitleGBPUSD H4 | Reacting off 1st resistance?TypeBearish ReversalPreference:Price has just reacted off our pivot point of 1.26525 , which serves as an overlap resistance level. A reversal from this...

Daily Market Outlook, September 12, 2023
Daily Market Outlook, September 12, 2023

Daily Market Outlook, September 12, 2023Munnelly’s Market Commentary… Asian equity markets exhibited a mixed performance as the region adopted a cautious stance, lacking any fresh macroeconomic...

Dollar Under Pressure - Traders Await Inflation Data
Dollar Under Pressure - Traders Await Inflation Data

Dollar Stalls on JPY DriveThe US Dollar is starting the week under pressure. The DXY has fallen around 0.6% from last week’s highs across early European trading on Monday. Hawkish comments from BOJ’s...

EURUSD H4 | Bouncing off support level?
EURUSD H4 | Bouncing off support level?

TitleEURUSD H4 | Bouncing off support level?TypeBullish BouncePreference: The price is declining toward our pivot point of 1.06897.  A bounce from this level could lead the price to rally toward the...

GBPJPY H4 | Bullish bounce off 61.8% fibo?
GBPJPY H4 | Bullish bounce off 61.8% fibo?

TitleGBPJPY H4 | Bullish bounce off 61.8% fibo?TypeBullish BouncePreference:Price is reacting to our pivot point at 182.91, which is a pullback support level, aligning with the 61.8% fibo retracement...

Daily Market Outlook, September 11, 2023
Daily Market Outlook, September 11, 2023

Daily Market Outlook, September 11, 2023Munnelly’s Market Commentary… Asian equity markets displayed a mixed performance driven by rising yields, triggered by comments from BoJ Governor Ueda. Ueda...

AUDUSD H4 | Potential bearish reversal off 50% Fibo
AUDUSD H4 | Potential bearish reversal off 50% Fibo

TitleAUDUSD H4 | Potential bearish reversal off 50% FiboTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.64496 which is a pullback resistance that aligns close to the 50.0%...

Asia's Central Banks Signal Dollar's Direction, U.S. Macroeconomic Factors Awaited
Asia's Central Banks Signal Dollar's Direction, U.S. Macroeconomic Factors Awaited

Monday began with a weakening of the dollar, thanks to two powerful signals from central banks in Asia: China and Japan. The head of the Bank of Japan, Ueda, stated that conditions are gradually...