Market Analysis: USD Extends Climb on Hawkish Macro Surprises
The greenback continues its relentless climb, marking the fifth consecutive day of gains. The US Dollar Index (DXY), a widely-watched gauge tracking the Greenback against a basket of six major...
EURUSD H4 | Bullish Reversal
TitleEURUSD H4 | Bullish ReversalTypeBullish ReversalPreference:The price is falling toward the pivot level of 1.0835, which acts as a pullback support. A reversal at this level could cause the...
Will ECB Drive EURUSD Fireworks Today?
ECB Easing in FocusEURUSD is in the crosshairs today as traders brace for the October ECB meeting. The bank is widely expected to cut rates by a further .25%, reflected in the heavy selling we’ve seen...
Daily Market Outlook, October 17, 2024
Daily Market Outlook, October 17, 2024 Munnelly’s Macro Minute…"TSMC’s Earnings Alleviate Chip Crisis. China Real Estate: Another False Dawn?”Asian stock markets are trading mostly higher on...
USDCHF H4 I Bearish Reversal
TitleUSDCHF H4 I Bearish ReversalTypeBearish Reversal Preference:The price is moving up towards the pivot level of 0.8690, which acts as a pullback resistance close to 38.2% Fibonacci retracement. A...
GBPUSD H4 | Bullish Bounce
TitleGBPUSD H4 | Bullish Bounce TypeBullish BouncePreference:The price is falling toward the pivot level of 1.2886, which acts as a pullback support close to 127.2% Fibonacci extension. A reversal...
Market Analysis: USD Strengthens Amid Political Developments; GBP Pressured by Softening Inflation
The US Dollar Index (DXY) has extended its gains, decisively breaking above the 100-day Simple Moving Average (SMA) at 103.20—a key technical resistance level. This move signifies strong bullish...
USDJPY D1 I Bullish Reversal
TitleUSDJPY D1 I Bullish ReversalTypeBullish Reversal Preference:The price is falling toward the pivot level of 147.03, which acts as a pullback support. A reversal at this level could cause the...
Pound Plunges As BOE Easing Expectations Soar
UK Inflation TanksThe British Pound is seeing heavy selling pressure today on the back of the latest UK inflation figures released this morning. Headline annualised inflation was seen falling to 1.7%,...
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