EUR/USD Nears Crucial Resistance: Potential Breakout Hinges on US Inflation Surprise
The US Dollar is trading sideways on Wednesday, confined to a tight range across most currency pairs. This comes as no surprise following the uneventful semi-annual testimony from Federal Reserve...
USDCAD H4 | Bearish reversal
TitleUSDCAD H4 | Bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot of 1.3663, a pullback resistance close to 38.2% Fibo retracement. a reverse from this level could lead...
USDCHF H4 | Bullish Bounce
TitleUSDCHF H4 | Bullish BounceTypeBullish BouncePreference:Price is falling toward the pivot of 0.8904, an overlap support close to 61.8% Fibo retracement. A bounce from this level could lead the...
Daily Market Outlook, July 10, 2024
Daily Market Outlook, July 10, 2024Munnelly’s Macro Minute…“Markets Hit Record Highs As Fed Chair Powell Strikes A Dovish Tone”US stocks hit new highs, leading to volatile swings in Asian markets as...
USD Under Pressure Amid Mixed Economic Signals and French Election Tensions
This week has been a roller coaster for the US Dollar, which has endured a relentless four-day losing streak. Despite some encouraging data from the Nonfarm Payrolls report, the Greenback remains...
USDCHF H4 | Bearish Drop
TitleUSDCHF H4 | Bearish DropTypeBearish DropPreference:Price is currently at the pivot of 0.8985, an overlap resistance close to 38.2% Fibo retracement. A reverse from this level could lead the price...
Euro Gains Amid French Stability; Fed Testimony and BoJ Shifts Eyed
The USD has had a relatively calm European session today, maintaining its position amid the recent French election results. Meanwhile, the EUR/USD pair clings to its recent gains, staying above the...
GBPUSD H4 | Bullish Bounce
TitleGBPUSD H4 | Bullish BounceTypeBullish BouncePreference:Price is falling toward the pivot of 1.2757, an overlap support close to 38.2% Fibo retracement. A bounce from this level could lead the...
EURGBP H4 | bearish reversal
TitleEURGBP H4 | bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot of 0.8458, an overlap resistance close to 61.8% Fib retracement. A reverse from this level could lead...
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