BOE OutlookGBPUSD is holding near recent highs today ahead of the BOE meeting tomorrow. The BOE is widely expected to hike rates a further .25% on the back of recent CPI data which showed inflation...
USDJPY H4 | React off resistance level
TitleUSDJPY H4 | React off resistance levelTypeBearish ReversalPreference:Price is currently at our pivot point of 135.368 which is an overlap resistance level that lines up with 38.2% Fibonacci...
Daily Market Outlook, May 9, 2023
Daily Market Outlook, May 9, 2023Asian equity markets traded with a mixed tone overnight after a subdued handover from Wall Street, the much anticipated Senior Loan Officers Opinion data suggested...
USDCHF H1 | React off 61.8%
TitleUSDCHF H1 | React off 61.8%TypeBearish ReversalPreference:Price is approaching our pivot at 0.893 which is a pullback resistance level that lines up with 61.8% Fibonacci retracement. A reverse...
NZDUSD H4 | Falling to pivot point
TitleNZDUSD H4 | Falling to pivot pointTypeBullish bouncePreference:Price is falling to our pivot point at 0.63114 which is a pullback support level. A bounce from here, price could push up to 1st...
EURUSD Downside Risks Grow As Bullish Positioning Stretches
EUR Longs OverextendedThe latest CFTC COT institutional positioning data shows that EUR traders continued to add to longs in the week ending May 2nd. With this latest increase, EUR is the most...
Fed's June Rate Hike Gains Credibility as NFP Report Highlights Inflation Risks
The NFP report released on Friday has transformed the perception of a rate hike by the Federal Reserve in June from unrealistic to tangible possibility. Strong inflation risks emerged from the data,...
Silver Forecast: Correction Underway?
Silver touched the level of 26.25 and formed a bearish engulfing at the end of the past trading week. The asset’s price might potentially undergo correction and retest the level of 24.75. So, let’s...
EURUSD H4 | React off 61.8% Fibo
TitleEURUSD H4 | React off 61.8% FiboTypeBearish ReversalPreference:Price is currently at our pivot point at 1.10538 which lines up with a 78.6% Fibonacci retracement. A reverse from here price could...
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