EUR/USD Holds Ground Amid German CPI News But Technical Signal Points To Further Weakness
The EUR/USD pair has found temporary stability around the 1.0830 mark following the release of Germany's May Consumer Price Index data, which came in slightly hotter than expected. Monthly...
NZDUSD H1 | Bearish reversal
TitleNZDUSD H1 | Bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot of 0.6153, a pullback resistance close to 61.8% Fib retracement. A reversal from this level could lead...
US Dollar Struggles Amid Market Optimism and Japanese Intervention
As the US markets gear up for the post-Memorial Day reopening, the US Dollar is grappling with losses. Despite a weekend break, the Greenback is feeling the heat as a risk-on sentiment dominates the...
USDCAD H1 | Bearish reversal
TitleUSDCAD H1 | Bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot point of 1.3666, an overlap resistance close to 38.2% Fibo retracement. A reverse from this level could...
EURUSD H4 | Approaching 61.8% Fibonacci Support
TitleEURUSD H4 | Approaching 61.8% Fibonacci SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.0842 which is an overlap support that aligns close to the 61.8% Fibonacci...
Aussie Jumps on Second CPI Rise
Aussie CPI Jumps AgainRBA easing expectations have been thrown into disarray today on the back of stronger-than-forecast Aussie CPI overnight. Annualised CPI for April came in at 3.6%, up from 3.5%...
Daily Market Outlook, May 29, 2024
Daily Market Outlook, May 29, 2024Munnelly’s Macro Minute…“Markets Rattled By Hawkish Fed Rhetoric Prompting Higher Yields”On Wednesday, Asian markets were evaluating the consequences of the overnight...
Daily Market Outlook, May 28, 2024
Daily Market Outlook, May 28, 2024Munnelly’s Macro Minute…“US & UK Back Online, Month End & Inflation Data Eyed”On Tuesday, Asian markets saw a second day of gains as the dollar weakened in...
GBPUSD H4 | Bearish reversal
TitleGBPUSD H4 | Bearish reversalTypeBearish ReversalPreference:Price is approaching the pivot of 1.2803, an overlap close to 127.2% Fibo extension. A reverse from this level could lead the price to...
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