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Forex

AUDUSD H4 | Bearish Drop

TitleAUDUSD H4 | Bearish DropTypeBearish DropPreference:The price is currently at the pivot of 0.6711, which is a pullback resistance. A drop from this level could lead the price to fall to 1st...

Daily Market Outlook, August 23, 2024

Daily Market Outlook, August 23, 2024 Munnelly’s Macro Minute…"Investors Pare Risk Ahead Of Pivotal Powell Speech”The Asian stock markets are primarily trading lower on Friday, consistent with...

EURGBP H4 | Bearish reversal

TitleEURGBP H4 | Bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot of 0.8507. a pullback resistance. A reverse from this level could lead the price to fall to 1st support...

Pound Soars on Strong PMI Readings

Better UK Data… AgainThe British Pound continues to storm higher against the Dollar this week. Against a backdrop of elevated Fed easing expectations, further positive UK data is casting uncertainty...

USDCHF H1 | Bullish Rise

TitleUSDCHF H1 | Bullish RiseTypeBullish RisePreference:Price is currently at the pivot of 0.8517, a bounce from this level could lead the price to rise to 1st resistance at 0.8557, a multi-swing high...

Brent Oil Forecast: Potential Price Rise Ahead

The price of Brent oil is currently approaching a strong supporting zone formed between levels 71.50 and 72.50. It is also important to note that oil has already gained the required support in this...

Daily Market Outlook, August 22, 2024

Daily Market Outlook, August 22, 2024 Munnelly’s Macro Minute…"Dovish Fed Minutes Send Dollar To One-Year Lows”Following the generally positive signals from global markets overnight, Asian stock...

FX Options Insights 22/08/24

FX Options Insights 22/08/24Even if it is likely that the EUR/USD will continue to rise, it would be wise to protect yourself in case there is a short-term decline. To hedge against a decline in the...

Technical signal triggers Dollar recovery but soft US labor market data weighs on sentiment

The US Dollar began a rebound on Thursday after the Dollar Index (DXY) touched a yearly low, triggering traders to capitalize on a strong and clear technical signal:The latest revisions to the US...