June Cut in FocusYesterday’s ECB meeting was a pivotal moment for FX traders with the bank essentially giving the nod for a June rate cut. Monetary policy was held unchanged yesterday, as expected....
EURUSD H1 | Bearish Drop
TitleEURUSD H1 | Bearish DropTypeBearish DropPreference:Price is currently at the pivot point of 1.0947, an overlap resistance level. A drop from this level could lead the price to fall to 1st support...
EURJPY Sinking Ahead of ECB
ECB Up NextThe ECB takes centre stage today as the bank meets for its March rate setting meeting. No change in monetary policy is expected today, however, traders will be carefully scrutinising the...
Potential Bullish Breakout
TitlePotential Bullish BreakoutTypeBullish RisePreference:Price has just broken above a potential breakout level and could climb higher from here. The pivot point of 0.65874 is a suitable entry point...
GBPJPY H4 | Bearish continuation
TitleGBPJPY H4 | Bearish continuationTypeBearish BreakoutPreference:GBPJPY is on a downtrend, it could break below the pivot at 189.034, the swing-low support that aligns with 38.2% Fibonacci...
CADJPY H4 | Potential bullish breakout
TitleCADJPY H4 | Potential bullish breakoutTypeBullish BreakoutPreference:The price could continue to rise and breakout of pivot at 110.322, the swing-high resistance aligning with 23.6% Fibonacci...
Daily Market Outlook, March 7, 2024
Daily Market Outlook, March 7, 2024Munnelly’s Macro Minute…“BoJ Official Murmurings Boost JPY, ECB On Watch Next”In the Asian region, major stock market indices showed a mixed performance after...
USD Faces Pressure Amid Divergent Central Bank Policies
The US Dollar finds itself once again at the mercy of central bank maneuvers and economic indicators, as evidenced by today's market movements. As the greenback struggles to maintain its...
Bearish USD Risks Seen Around Today's Data & Events
Powell on DeckLooking ahead today we have plenty to focus on in FX markets with the first of Fed chair Powell’s testimony due, as well as the ADP employment figure and the JOLTS job openings release....
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