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Forex

EUR/USD Sees Modest Rise Amidst Dollar Weakness
EUR/USD Sees Modest Rise Amidst Dollar Weakness

At the dawn of the trading week, the EUR/USD pair has started on a modestly positive note, edging higher by 0.2%, but remaining below the intraday resistance level at 1.0850. This upward movement...

Potential Bearish Breakout
Potential Bearish Breakout

TitlePotential Bearish BreakoutTypeBearish DropPreference:Price has broken below a potential breakout level and could drop lower from here; sell at market (pivot point: 1.08347) and we could see...

Daily Market Outlook, March 22, 2024
Daily Market Outlook, March 22, 2024

Daily Market Outlook, March 22, 2024Munnelly’s Macro Minute…“Markets Digesting A Bevy Of Central Bank Cross Currents”Asian equity markets are displaying mixed performance this morning, despite gains...

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Dollar Ending The Week Higher

Post-Fed RallyDespite the Fed striking a more-dovish-than-expected tone at the FOMC this week, the US Dollar is trading higher into the end of the week with the DXY rising to a fresh one-month high....

Potential Bullish Bounce
Potential Bullish Bounce

TitlePotential Bullish BounceTypeBullish BouncePreference:Price could fall towards the pivot point of 0.89733 which is an overlap support level and potentially reverse from here; we could see momentum...

GBP Sinks As BOE Says Rate Cuts Coming Soon
GBP Sinks As BOE Says Rate Cuts Coming Soon

Pound Down on Bailey CommentsThe British Pound has come under heavy selling pressure on the back of the March BOE meeting yesterday. While the bank held rates unchanged, as expected, the outlook and...

The USD Volatility Rollercoaster: A Market Recap
The USD Volatility Rollercoaster: A Market Recap

Wednesday marked a pivotal moment as the Federal Open Market Committee (FOMC) unveiled its commitment to cut interest rates three times this year. This revelation blindsided markets, which had...

Rising into Resistance
Rising into Resistance

TitleRising into ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.66455 which is a pullback resistance level and could potentially reverse from here; we could see...

Daily Market Outlook, March 21, 2024
Daily Market Outlook, March 21, 2024

Daily Market Outlook, March 21, 2024Munnelly’s Macro Minute…“Powell Gives Stocks The All Clear”In response to the US Fed's decision to maintain interest rates and reaffirm expectations for three...