USDJPY Remains Bullish As Ueda Reaffirms Policy Stance
JPY in FocusThe Japanese Yen continues to weaken across early European trading on Monday. The continued decline of the Yen is once again stoking intervention speculation. With USDJPY now trading well...
USDJPY H4 | Reacting off resistance level?
TitleUSDJPY H4 | Reacting off resistance level?TypeBearish ReversalPreference:Price has just reacted off our pivot point 148.392, a multi-swing high resistance level. A reversal from this point could...
Silver Price Rebounds, EUR/USD is on the Rise
The price of silver is slowly rebounding back to the downtrend. The asset’s price might potentially rebound again at the crossing point of the downtrend and resistance level of 25.00 and drop. Hence,...
EURUSD H4 | Potential bearish reversal
TitleEURUSD H4 | Potential bearish reversalTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.06754 which is a pullback resistance that aligns with the 50.0% Fibonacci...
Daily Market Outlook, September 22, 2023
Daily Market Outlook, September 22, 2023Munnelly’s Market Commentary… Asian equity markets showed a mixed performance overnight. The Bank of Japan (BoJ) made no changes to its monetary policy in its...
NZDUSD H4 | Bearish reversal off 50% Fibo?
TitleNZDUSD H4 | Bearish reversal off 50% Fibo?TypeBearish ReversalPreference:Price is rising towards the pivot point of 0.59399 which is an overlap resistance that aligns with the 50.0% Fibonacci...
GBP Sold Heavily As BOE Pauses Tightening
BOE Catches Market Off-GuardGBP continues to trade sharply lower on Friday following the latest BOE rate decision. The bank opted to keep rates on hold yesterday, pausing a 15-month tightening cycle...
USDJPY Spikes on BOJ Easing Confirmation
BOJ Holds SteadyThe Japanese Yen has come under fresh selling pressure today on the back of the September BOJ meeting yesterday. The Bank of Japan held rates unchanged at yesterday’s meeting, in line...
USDJPY: Is it time to reverse course?
As expected, the Bank of Japan today left its interest rate unchanged at -0.1%. The accompanying statement remained virtually unchanged: the central bank reassured that it could raise the rate once...
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