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Forex

EURUSD Remains Bullish As Fed Expectations Shift
EURUSD Remains Bullish As Fed Expectations Shift

US CPI Drop Boots EUREURUSD remains firm at the start of the week following a breakout move higher last week. The catalyst behind the move was a deeper drop in US inflation than had been expected....

USDCAD H4 | Potential Bearish Reversal?
USDCAD H4 | Potential Bearish Reversal?

TitleUSDCAD H4 | Potential Bearish Reversal? TypeBearish ReversalPreference:Price is rising towards the pivot point of 1.32421 and could potentially reverse from here; we could see momentum carry...

USDJPY H4 | Bearish reversal from 38.2% Fibo
USDJPY H4 | Bearish reversal from 38.2% Fibo

TitleUSDJPY H4 | Bearish reversal from 38.2% FiboTypeBearish ReversalPreference:Price could rise towards the pivot point of 138.744 and could potentially reverse from here; we could see momentum carry...

Daily Market Outlook, July 14, 2023
Daily Market Outlook, July 14, 2023

Daily Market Outlook, July 14, 2023Munnelly’s Market Commentary… Asian equity markets were mostly positive in overnight trading following a favourable performance on Wall Street. Yields continued to...

USDCHF H4 | Bearish continuation towards 1st support before bouncing off
USDCHF H4 | Bearish continuation towards 1st support before bouncing off

TitleUSDCHF H4 | Bearish continuation towards 1st support before bouncing offTypeBearish continuationPreference:Price is approaching our pivot point at 0.8526, which is at the 100% fibo projection...

GBPJPY H4 | Bearish reversal from 38.2% Fibo
GBPJPY H4 | Bearish reversal from 38.2% Fibo

TitleGBPJPY H4 | Bearish reversal from 38.2% FiboTypeBearish ReversalPreference:Price is rising towards the pivot point of 181.417 and could potentially reverse from here; we could see momentum carry...

Hawkish ECB minutes Keep EUR Supported
Hawkish ECB minutes Keep EUR Supported

EURUSD Breaks OutEURUSD bulls remain firmly in the driving seat today with the pair seen extending gains on the back of yesterday’s rally. EURUSD broke out above the 1.1126 level yesterday which has...

AUDUSD Testing Major Level
AUDUSD Testing Major Level

Risk Rally Helping AussieThe uptick in risk appetite this week linked to the reversal in Fed expectations has helped AUD rally sharply. With the market now anticipating that the Fed will shift into...

USDJPY Plunges On Fresh US Inflation Fall
USDJPY Plunges On Fresh US Inflation Fall

US CPI Falls AgainThe US Dollar has come under heavy selling pressure today on the back of yesterday’s US inflation data. On the yearly figure, CPI was seen cooling to 3% from 4% prior, below the 3%...