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Forex

USDJPY Drops - All Eyes on USD Data
USDJPY Drops - All Eyes on USD Data

USDJPY Slumps on Weak US Factory ReadingThe Bank of Japan will certainly be relieved by price action in FX markets this week. USDJPY has fallen around almost 1.5% on the week so far with price...

GBPUSD H4 | Bullish Bounce
GBPUSD H4 | Bullish Bounce

TitleGBPUSD H4 | Bullish BounceTypeBullish BouncePreference:Price is falling toward the pivot point of 1.2759. a pullback support. A bounce from this level could rise to 1st resistance at 1.2866 close...

S&P500 at a Crossroads: Potential Price Drop Ahead?
S&P500 at a Crossroads: Potential Price Drop Ahead?

The price of the currency pair EUR/USD is gradually heading up, approaching the resistance level of 1.1000, and the downtrend formed between points 1 and 2. The price of this asset might rebound at...

Will Eurozone CPI Rise Halt ECB Easing?
Will Eurozone CPI Rise Halt ECB Easing?

Traders Brace for ECBEURUSD is kicking off the week with no clear directional signal as traders brace for the ECB meeting on Thursday. Markets had been heavily expecting the ECB to cut rates this...

Daily Market Outlook, June 3, 2024
Daily Market Outlook, June 3, 2024

Daily Market Outlook, June 3, 2024Munnelly’s Macro Minute…“ECB & US Payrolls Data The Macro Drivers For The Start of June”Asian equity markets kicked off the week positively amid fluctuating...

GBPUSD H4 | Bearish reversal
GBPUSD H4 | Bearish reversal

TitleGBPUSD H4 | Bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot of 1.2776, a pullback resistance. A reverse from this level could lead the fall to 1st support at...

EURUSD H4 | Bullish bounce
EURUSD H4 | Bullish bounce

TitleEURUSD H4 | Bullish bounceTypeBullish BouncePreference:Price is falling toward the pivot of 1.0840, an overlap support close to 38.2% Fibo retracement. A bounce from this level could lead the...

NZDUSD H4 | Potential Bullish Bounce
NZDUSD H4 | Potential Bullish Bounce

TitleNZDUSD H4 | Potential Bullish BounceTypeBullish BouncePreference:Price is falling towards the pivot point of 0.6114 which is a pullback support level and could potentially reverse from here; we...

GBPUSD M15 I Short term bullish bounce
GBPUSD M15 I Short term bullish bounce

TitleGBPUSD M15 I Short term bullish bounceTypeBullish BouncePreference:Price is falling toward the pivot of 1.2708, a pullback support close to 61.8% retracement. A reverse from this level could lead...