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Forex

Euro Holds Firm Above Key Resistance Amid ECB Rate Cut Speculation
Euro Holds Firm Above Key Resistance Amid ECB Rate Cut Speculation

In the hustle and bustle of Monday's early New York session, the EUR/USD pair showcased resilience, maintaining its position above the critical resistance level of 1.0700. The spotlight now falls...

Euro Succumbs to Dollar Might Amidst Strong US Data and Fed Status-Quo Speculations
Euro Succumbs to Dollar Might Amidst Strong US Data and Fed Status-Quo Speculations

In Tuesday’s early New York session, the EUR/USD pair took a downward spiral, relinquishing its intraday gains and descending to the pivotal support level of 1.0700. Despite a surge in positive...

EURUSD Attempting to Break Higher As GDP Jumps
EURUSD Attempting to Break Higher As GDP Jumps

CPI Stalls at 2.4%The eurozone flash CPI estimate, released this morning, showed that headline inflation in the single currency bloc remains unchanged at 2.4% last month. Additionally, the core...

Bullish Bounce
Bullish Bounce

TitleBullish BounceTypeBullish BouncePreference:Price is falling toward the pivot of 1.2520, an overlap support level. A bounce from this level could lead the price to rise to 1st resistance at...

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

TitleRising into 50% Fibonacci Overlap ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.5968 which is an overlap resistance that aligns with the 50.0% Fibonacci...

Bitcoin And German Government Bonds: Price Drop Ahead
Bitcoin And German Government Bonds: Price Drop Ahead

The yield of German Government Bonds is heading up, whereas their price is going down. The yield of this asset was 2.578% at the end of last trading week. Although it might head up and reach 3.0%...

Daily Market Outlook, April 29, 2024
Daily Market Outlook, April 29, 2024

Daily Market Outlook, April 29, 2024Munnelly’s Macro Minute…“JPY Intervention Sees A Volatile Open To FX Trading”In early trading, the JPY experienced significant volatility, rallying strongly after...

GBPUSD H1 | Bullish reversal
GBPUSD H1 | Bullish reversal

TitleGBPUSD H1 | Bullish reversalTypeBullish BouncePreference:Price is falling toward the pivot point of 1.2502, a pullback support A bounce from this level could lead the price to rise to 1st...

USDJPY Plunges 3.5% as Intervention Suspected
USDJPY Plunges 3.5% as Intervention Suspected

Wild Swings in USDJPYWe’re seeing huge volatility in the Japanese Yen at the start of the week. After hitting fresh multidecade highs of above 160, USDJPY sharply retreated this morning, plunging...