BOE Hikes AgainThe BOE took the bull by the horns yesterday and hiked rates by a further .5%, taking the headline UK interest rate up to 5%, its highest level in 13 years. The move comes on the back...
May US Housing Starts Surprise Makes Markets Nervous About Fed Pause
Powell's testimony in Congress had a negative impact on the dollar, causing the US currency index to bounce off the upper boundary of the bearish channel, dropping by 102 points and forming a...
NZDUSD H4 | Potential Bounce off support
TitleNZDUSD H4 | Potential Bounce off supportTypeBullish BouncePreference:Price is falling to our pivot point of 0.61144 which is a pullback support level that aligns with a 50% and 61.8% Fibo...
GBPUSD H1 | React off 1st resistance
TitleGBPUSD H1 | React off 1st resistanceTypeBullish BreakoutPreference:Price is approaching our pivot point of 1.27699 which is an overlap resistance level. If it reverse from here, price could fall...
Daily Market Outlook, June 22, 2023
Daily Market Outlook, June 22, 2023Munnelly’s Market Commentary… Asian equity markets traded mostly lower as market participants reacted to the tech-driven declines on Wall Street. Investors were also...
USDCAD H4 | Bounce off from Fibo confluence
TitleUSDCAD H4 | Bounce off from Fibo confluenceTypeBullish BouncePreference:Price is falling towards our pivot point of 1.31165 which aligns with -27.2% Fibo expansion and 161.8% Fibo extension,...
EURUSD H4 | potential reverse from resistance
TitleEURUSD H4 | potential reverse from resistanceTypeBearish ReversalPreference:Price is approaching our pivot point of 1.09988, which represents an overlap resistance. This level aligns with the...
EURUSD Pushing Higher As USD Falls After Powell Speech
USD Weakens on Powell CommentsEURUSD is pushing higher today against a backdrop of USD weakness following Powell’s semi-annual testimony at Congress yesterday. Speaking at the Senate Banking...
Still-Hot UK Inflation Raises Risks of Hawkish BOE Surprise
Hawkish RisksThe big focus in FX markets today will be the June Bank of England meeting. The BOE had been tipped to hike rates by a further .25%, marking the 13th consecutive rate hike and the...
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