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Forex

EURUSD Heavily Sold on Dovish ECB Hike
EURUSD Heavily Sold on Dovish ECB Hike

ECB Signals End to TighteningEUR came under heavy selling pressure yesterday, despite hiking rates by a further .25%. The majority of market players had been anticipating a pause from the ECB, making...

Will EURAUD Bull Channel Hold?
Will EURAUD Bull Channel Hold?

Testing Key AreaEURAUD is at a crossroads here on the back of the sell off from YTD highs. The market has corrected around 3.5% lower from those 1.74 area highs and is now testing the bull channel...

AUDUSD H4 | Rising into Fibo confluence
AUDUSD H4 | Rising into Fibo confluence

TitleAUDUSD H4 | Rising into Fibo confluenceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.64886 which is a pullback resistance that aligns with the 78.6% Fibonacci...

Daily Market Outlook, September 15, 2023
Daily Market Outlook, September 15, 2023

Daily Market Outlook, September 15, 2023Munnelly’s Market Commentary… Asian equity markets posted gains as they followed the positive global trend driven by robust U.S. economic data, a dovish rate...

NZDUSD H4 | Approaching Fibo resistance confluence
NZDUSD H4 | Approaching Fibo resistance confluence

TitleNZDUSD H4 | Approaching Fibo resistance confluenceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.59508 which is a pullback resistance that aligns with the 61.8%...

GBPUSD H4 | Falling from a pullback resistance?
GBPUSD H4 | Falling from a pullback resistance?

TitleGBPUSD H4 | Falling from a pullback resistance?TypeBearish ReversalPreference:Price is rising toward our pivot point of 1.24444, which serves as a pullback resistance level. A reversal from this...

US Consumer Inflation Slightly Exceeds Expectations, ECB Prepares for Meeting: Market Overview
US Consumer Inflation Slightly Exceeds Expectations, ECB Prepares for Meeting: Market Overview

Consumer inflation in the United States in August came in slightly above expectations, as indicated by the report released on Wednesday. Core inflation, which excludes items or services with volatile...

USDCAD H4 | Falling to overlap support
USDCAD H4 | Falling to overlap support

TitleUSDCAD H4 | Falling to overlap supportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.35019 which is an overlap support and could potentially reverse from here; we...

September ECB Meeting: Downside Risks For EUR
September ECB Meeting: Downside Risks For EUR

ECB on DeckAll eyes are firmly on the ECB today as the central bank prepares to make its September rates decision. Expectations have been rather split ahead of this event. On the one hand, stickiness...