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Forex

EUR/USD Leaps on Weak USD and Strong Eurozone PMI Data
EUR/USD Leaps on Weak USD and Strong Eurozone PMI Data

The EUR/USD pair saw a remarkable uptick, bouncing back strongly after bottoming out near the crucial 1.08 support level during Thursday’s American session. This surge comes on the heels of a softer...

AUDUSD H4 | Falling to 61.8% Fibonacci Support
AUDUSD H4 | Falling to 61.8% Fibonacci Support

TitleAUDUSD H4 | Falling to 61.8% Fibonacci SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 0.6619 which is an overlap support that aligns with the 61.8% Fibonacci...

EUR/USD Cedes Ground Ahead of FOMC Minutes and PMI Data
EUR/USD Cedes Ground Ahead of FOMC Minutes and PMI Data

In Wednesday’s European trading session, the EUR/USD currency pair is gradually ceding ground, dipping below recent short-term equilibrium level of 1.0850. Market players are adopting a wait-and-see...

Dollar Climbing on Hawkish Fed Comments
Dollar Climbing on Hawkish Fed Comments

USD RecoveringThe US Dollar continues to grind higher as the greenback recovers further ground on the back of last week’s inflation-driven fall. Data last Wednesday showed that US CPI cooled for the...

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Pound Rises As Inflation Disappoints Doves

CPI Slightly Above TargetGBPUSD is trading higher today on the back of the latest set of UK inflation figures released this morning. Annualised headline CPI in April was seen cooling further from 3.2%...

Daily Market Outlook, May 22, 2024
Daily Market Outlook, May 22, 2024

Daily Market Outlook, May 22, 2024Munnelly’s Macro Minute…“Sticky UK Inflation Supports Sterling, FOMC & Nvidia On Deck Later”Asian equities stumbled due to a lack of domestic drivers, while the...

EUR/USD Steadies Near 1.0850 Amid ECB and Fed Speculations
EUR/USD Steadies Near 1.0850 Amid ECB and Fed Speculations

In Tuesday's European session, the EUR/USD remains tethered near the 1.0850 mark, indicating a lull in market volatility. This stasis reflects the greenback's stabilization as traders...

USDCHF H1 | bearish Drop
USDCHF H1 | bearish Drop

TitleUSDCHF H1 | bearish DropTypeBearish DropPreference:Price is currently at the pivot point of 0.9108, an overlap resistance. A drop from this level could lead the price to fall to 1st support at...

Rising into 50% Fibonacci Resistance
Rising into 50% Fibonacci Resistance

TitleRising into 50% Fibonacci ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.6114 which is a pullback resistance that aligns with the 50.0% Fibonacci...