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Forex

USD Steadies Amidst Data-Driven Week; GBP Eyes UK Economic Indicators
USD Steadies Amidst Data-Driven Week; GBP Eyes UK Economic Indicators

Market sentiment continues to ride high, buoyed by persistent expectations of a Federal Reserve rate cut in the June policy meeting. This sentiment found reinforcement after the release of the US...

EURUSD H1 | Bearish Drop
EURUSD H1 | Bearish Drop

TitleEURUSD H1 | Bearish DropTypeBearish DropPreference:Price is currently at the pivot point of 1.0939, an overlap resistance. A drop from this level could lead the price to fall to 1st support at...

Heavy USDJPY Reversal Underway
Heavy USDJPY Reversal Underway

USDJPY Heading LowerUSDJPY is under heavy selling pressure as we head towards the US session on Monday. Traders continued to offer the pair through early European trading, extending the declines seen...

EUR/USD and Silver: Potential Price Drop Ahead
EUR/USD and Silver: Potential Price Drop Ahead

The price of the currency pair EUR/USD has closely approached the resistance level of 1.1000. The asset’s price might eventually rebound from this resistance and drop. In this case, it would be...

Potential Bearish Breakout
Potential Bearish Breakout

TitlePotential Bearish BreakoutTypeBearish BreakoutPreference:Price could fall towards the pivot point of 0.61667 which is a potential breakout level and could drop lower from here; we could see...

Daily Market Outlook, March 8, 2024
Daily Market Outlook, March 8, 2024

Daily Market Outlook, March 8, 2024Munnelly’s Macro Minute…“Dovish Take On Fed & ECB Supports Risk Sentiment ”This morning, Asian equity markets are experiencing an increase after significant...

Euro Slides As ECB Signals June Rate Cut Chances
Euro Slides As ECB Signals June Rate Cut Chances

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
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...

GBPUSD H1 | Bearish Drop
GBPUSD H1 | Bearish Drop

TitleGBPUSD H1 | Bearish DropTypeBearish DropPreference:Price is currently at the pivot point of 1.2807 an overlap resistance level. A drop from this level could lead the price to fall to 1st support...