Sterling Slips As PMIs Slide - CPI On Watch Tomorrow
Factory Sector Falls Again The British Pound has come under heavy selling pressure today on the back of the release of the latest set of UK services and manufacturing PMI readings. The manufacturing...
AUDUSD H4 | A bounce off 23.6%
TitleAUDUSD H4 | A bounce off 23.6%TypeBullish BouncePreference:Price has just bounced off our pivot point off 0.66282 which aligns with a 23.6% Fibonacci retracement. A reverse from here, price could...
ECB's Lagarde Call For Further Interest Rate Tightening
Lagarde Leans Into Tightening ModeFollowing on from the dovish comments heard from Fed’s Powell on Friday, ECH head Christine Lagarde struck a different tone during an interview on Sunday. Lagarde...
Daily Market Outlook, May 22, 2023
Daily Market Outlook, May 22, 2023Asian equities are mostly in the green as US President Biden's optimistic remarks at the G7 summit in Japan suggested a potential improvement in relations with...
USDCAD H4 | Falling to 1st support
TitleUSDCAD H4 | Falling to 1st supportTypeBearish ReversalPreference:Price is approaching our pivot point at 1.35298 which is an overlap support level. A reverse from here, price could fall to 1st...
CHFJPY H4 | Bounce from 23.6% Fibo support
TitleCHFJPY H4 | Bounce from 23.6% Fibo supportTypeBullish BouncePreference:Price could approach the pivot point of 152.78 and potentially reverse from here, we could see momentum carry price up to...
NZDUSD H4 | Bearish reversal
TitleNZDUSD H4 | Bearish reversalTypeBearish ReversalPreference:Price is approaching our pivot point of 0.62621 which is an overlap resistance level. A reverse from her price could fall to 1st support...
JPY Rallies On Fresh Inflation Jump
Inflation Rise Puts Fresh Focus on BOJJPY is seeing better demand today on the back of the latest CPI figures released overnight. National Core CPI was seen rising to 3.4% last month, above the prior...
Dollar Higher on Debt Ceiling Optimism & Fed Hawkishness
USD Short-Squeeze ContinuesThe Dollar was seen breaking out to its highest levels in six months yesterday as debt ceiling optimism and hawkish Fed sentiment combined to drive support for the DXY. With...
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