EZ CPI Beats ForecastsThe latest set of eurozone inflation data today told a familiar tale. The flash eurozone CPI estimate for February came in at (headline) 2.6% vs 2.5% expected with core also seen...
Weak China Manufacturing Hits Copper Prices
Copper SinkingCopper prices are turning lower once again as we head into the weekend. The current sell-off comes on the back of the latest set of Chinese economic data overnight. The China...
Resistance Overhead
TitleResistance OverheadTypeBearish ReversalPreference:Price could rise towards the pivot point of 0.65243 which is an overlap resistance level and potentially reverse from here; we could see momentum...
Dollar Testing Support Following GDP Miss
Soft Data Weighing on USDThe US Dollar remains muted as we move through into the back end of the week. Yesterday, advance Q1 GDP came in a touch below forecasts at 3.2% vs 3.3% expected. On the back...
Approaching Pullback Resistance
TitleApproaching Pullback ResistanceTypeBearish ReversalPreference:Price could rise towards the pivot point of 0.65234 which is a pullback resistance level and potentially reverse from here; we could...
USDJPY H4 | Bearish Breakout
TitleUSDJPY H4 | Bearish BreakoutTypeBearish DropPreference:Price is currently at the pivot point of 149.84, a multi-swing low support level. A breakout from this level could lead the price to fall to...
EURUSD H4 | Potential bearish reversal
TitleEURUSD H4 | Potential bearish reversalTypeBearish DropPreference:Price is currently at the pivot point of 1.0832, an overlap resistance level. A reverse from this level could lead the price to...
USDCAD Higher Ahead of Key Data Releases
Loonie on WatchUSDCAD is pushing higher today, with the pair testing above the bear trendline and prior 2024 highs, despite the weakness in USD. Concerns over the sustainability of the current risk...
Potential Bullish Reversal
TitlePotential Bullish ReversalTypeBullish BouncePreference:Price is falling towards the pivot point of 1.35633 which is an overlap support that aligns close to the 23.6% Fibonacci retracement level...
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