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Forex

AUDJPY H4 | Potential bullish reversal
AUDJPY H4 | Potential bullish reversal

TitleAUDJPY H4 | Potential bullish reversalTypeBullish BouncePreference:Price could approach the pivot point of 95.329 and potentially reverse from here; we could see momentum carry price up/down to...

The flow of US Data Dashes Hopes of a Pause in the Federal Reserve's Tightening
The flow of US Data Dashes Hopes of a Pause in the Federal Reserve's Tightening

Gold investors appear to have become weary of waiting for low interest rates (as central banks show no indication of halting their current tightening course), developments in the US banking stress...

EURUSD H4 | Bounce off 50% Fibo
EURUSD H4 | Bounce off 50% Fibo

TitleEURUSD H4 | Bounce off 50% FiboTypeBullish BouncePreference:Price is currently at our pivot point of 1.09085 which aligns with a 50.0% Fibo retracement level. We can expect a bounce off the 50.0%...

Daily Market Outlook, June 28, 2023
Daily Market Outlook, June 28, 2023

Daily Market Outlook, June 28, 2023Munnelly’s Market Commentary… Asian equity markets traded in a mixed fashion overnight, failing to fully sustain the momentum from the gains on Wall Street. The...

Hawkish RBA Expectations Fade On Soft Aussie CPI
Hawkish RBA Expectations Fade On Soft Aussie CPI

Aussie CPI SlipsThe Australian Dollar has fallen lower today on the back of the latest set of Aussie inflation figures overnight. CPI was seen cooling to 5.6% last month, down from the prior month’s...

USDJPY H4 | Reversal off -27.2%
USDJPY H4 | Reversal off -27.2%

TitleUSDJPY H4 | Reversal off -27.2%TypeBearish ReversalPreference:Price is currently in an overall bullish momentum, and heading towards our pivot point of 145.505. We are expecting a reversal at our...

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EURUSD Rallies on Hawkish ECB Comments

Further ECB Tightening NeededEUR is rallying today against a backdrop of fresh, hawkish commentary from ECB chief Lagarde. Speaking at the opening of the ECB’s Sintra Symposium, Lagarde warned that...

BOC In Focus As Traders Await CAD CPI
BOC In Focus As Traders Await CAD CPI

CPI on WatchOn the back of a surprise rate hike from the BOC this month, the latest round of Canadian CPI data will be closely watched today. Along with hiking rates by a further .25%, the BOC...

USDCAD H4 | Potential bounce off confluence zone
USDCAD H4 | Potential bounce off confluence zone

TitleUSDCAD H4 | Potential bounce off confluence zoneTypeBullish BouncePreference:Price is currently at our pivot point of 1.31218 which aligns with a 78.6% Fibo projection and 127.2% Fibo extension....