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Forex

USD Gains Strength as PCE Inflation Surges
USD Gains Strength as PCE Inflation Surges

Greenback flexes its muscles, propelling EUR/USD to cling to the lower 1.070s range in the wake of robust US inflation figures unveiled by the Personal Consumption Expenditures (PCE) report. The data,...

Daily Market Outlook, April 26, 2024
Daily Market Outlook, April 26, 2024

Daily Market Outlook, April 26, 2024Munnelly’s Macro Minute…“US Tech Earnings Boost Sentiment In A Whipsaw Week, PCE Next”Asian equities saw gains today following strong US tech earnings, rebounding...

Unusual Yen Price Moves Seen After BOJ
Unusual Yen Price Moves Seen After BOJ

JPY VolatilityTraders are questioning whether we’re seeing the first signs of intervention today by Japanese authorities after USDJPY suddenly plunged around 1.2% before reversing the losses...

Pullback Resistance at 50% Fibonacci Retracement
Pullback Resistance at 50% Fibonacci Retracement

TitlePullback Resistance at 50% Fibonacci RetracementTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.5972 which is a pullback resistance that aligns with the 50.0%...

Daily Market Outlook, April 25, 2024
Daily Market Outlook, April 25, 2024

Daily Market Outlook, April 25, 2024Munnelly’s Macro Minute…“META Miss Leaves Investors Cautious Ahead Of US GDP Print”Asian stock markets are trading with mixed results on Thursday, following the...

Huge JPY Volatility Risk Seen Ahead of BOJ
Huge JPY Volatility Risk Seen Ahead of BOJ

JPY Plunging FurtherYen traders are on high alert today as USDJPY continues to breakout to fresh multi-decade highs. The pair has today broken above the prior YTD highs around 155. Japanese...

Approaching Pullback Support
Approaching Pullback Support

TitleApproaching Pullback SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.3656 which is a pullback support level and could potentially reverse from here; we could see...

Ethereum Forecast: Potential Price Rise Ahead
Ethereum Forecast: Potential Price Rise Ahead

As of now, the price of Ethereum is undergoing a downward correction following Bitcoin. It is currently testing the level of 30000. However, the price of this asset might eventually target the level...

Dollar Holds Steady as Inflation Surge Fuels Rate Hike Speculations
Dollar Holds Steady as Inflation Surge Fuels Rate Hike Speculations

The US Dollar staged a slight retreat from its earlier zenith today, buoyed by an optimistic duo of Personal Consumption Expenditures and Price Index figures bundled within the Gross Domestic Product...