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USDCAD H4 | Reversal from 38.2% Fibo resistance
USDCAD H4 | Reversal from 38.2% Fibo resistance

TitleUSDCAD H4 | Reversal from 38.2% Fibo resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.35041 which is an overlap resistance that aligns with the 38.2%...

GBP Lower As Market Weighs Dovish BOE Risks
GBP Lower As Market Weighs Dovish BOE Risks

BOE Up NextGBP remains under heavy selling pressure ahead of the BOE meeting today. Over recent weeks the Pound has fallen sharply amidst a swift repricing of UK rates. With UK inflation falling and...

Dollar Spikes On Hawkish Hold From Fed
Dollar Spikes On Hawkish Hold From Fed

Fed Sees Fewer CutsThe US Dollar remains well bid today on the back of the September FOMC. While the Fed held rates unchanged, as expected, the guidance offered was firmly bullish. The majority of...

EURUSD H4 | Bouncing off support (Day)?
EURUSD H4 | Bouncing off support (Day)?

TitleEURUSD H4 | Bouncing off support (Day)?TypeBullish BouncePreference:The price has just bounced off the pivot point at 1.06327, a multi-swing low support level and a swing low daily support. A...

Fed's Meeting Outlook: Dollar Stability Hangs in the Balance as All Eyes Turn to the Dot Plot
Fed's Meeting Outlook: Dollar Stability Hangs in the Balance as All Eyes Turn to the Dot Plot

EURUSD has stabilized around the 1.07 level, while the dollar index hovers near the 105 mark ahead of the Federal Reserve's meeting scheduled for today. Markets are not anticipating a rate hike;...

EURUSD H4 | Potential bullish reversal?
EURUSD H4 | Potential bullish reversal?

TitleEURUSD H4 | Potential bullish reversal?TypeBullish BouncePreference:The price has just bounced off the pivot point at 1.06773, which is a multi-swing low support level. A bounce from this level...

SNB/BOE in Focus for GBPCHF Traders
SNB/BOE in Focus for GBPCHF Traders

SNB Rate Hike SeenFollowing on from the FOMC tonight, traders will tomorrow turn their attention to the BOE meeting. However, ahead of that meeting, the SNB will step into the spotlight and...

EURUSD Vulnerable Ahead of FOMC
EURUSD Vulnerable Ahead of FOMC

FOMC Up NextPrice action in the US Dollar has been rather muted so far this week as traders prepare for the September FOMC later today. The event is widely expected to see the Fed holding rates...

Daily Market Outlook, September 20, 2023
Daily Market Outlook, September 20, 2023

Daily Market Outlook, September 20, 2023Munnelly’s Market Commentary… Asian equity markets generally faced a downward trend as investors adopted a cautious stance ahead of forthcoming central bank...