TitleDXY H4 | Rising into resistanceTypeBearish ReversalPreference:Price could approach the pivot point of 101.4301 and potentially reverse from here, we could see momentum carry price down to its 1st...
GBP Correction Risks Into BOE Today
BOE in FocusThe Bank of England meets today for its May rates decision and market expectations are split, creating plenty of room for volatility in GBP and UK assets. While a further .25% hike is...
Daily Market Outlook, May 11, 2023
Daily Market Outlook, May 11, 2023Asian equity markets traded with a mixed tone after yet another erratic performance on Wall Street, indices whipsawed and treasuries rallied as US CPI came in broadly...
USDCHF H4 | Resistance overhead
TitleUSDCHF H4 | Resistance overheadTypeBearish ReversalPreference:Price is approaching the pivot point of 0.89368 and potentially reverse from here, we could see momentum carry price down to its 1st...
EUR/USD Forecast: Correction Underway
The currency pair EUR/USD rebounded from the upper boundary of the daily range. The asset is heading down now. The currency pair might potentially undergo correction around the supporting level of...
USDJPY H4 | React off resistance level
TitleUSDJPY H4 | React off resistance levelTypeBearish ReversalPreference:Price is approaching our pivot point at 1.34188 which is an overlap resistance that lines up with 23.6% Fibonacci retracement....
Daily Market Outlook, May 10, 2023
Daily Market Outlook, May 10, 2023Asian equity markets maintained a muted tone overnight, mostly in the red after a lacklustre handover from Wall Street, where Fed officials comments were deemed more...
Dollar Index Dips While EURUSD Climbs Following US Inflation Report
The dollar took a nearly half-percent dip, while EURUSD climbed above 1.10 following the US inflation report. Market expectations were quite pessimistic ahead of the report, as preliminary data, such...
USD Shorts Stretched Ahead of US CPI Release
US CPI On Watch Today’s US inflation reading comes at an interesting time for the market. Against a backdrop of the ongoing debt ceiling standoff, USD has stagnated in recent sessions. Indeed, looking...
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