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Forex

Daily Market Outlook, February 12, 2024
Daily Market Outlook, February 12, 2024

Daily Market Outlook, February 12, 2024Munnelly’s Market Minute…“Quiet Start To A Data Heavy Week”Asia was quiet on Monday with several centers on holiday. It's also a public holiday for Lunar...

US CPI Key For USD This Week
US CPI Key For USD This Week

US Data DueTraders are braced for plenty of volatility this week with a slew of key economic data due. The schedule kicks off tomorrow with the keenly awaited US CPI reading for January. On the back...

EURUSD price action lays the groundwork for its rally, the progress hinges on US CPI update
EURUSD price action lays the groundwork for its rally, the progress hinges on US CPI update

EUR/USD displayed resilience last week, closing positively for the fourth consecutive day, though ultimately ending the week virtually unchanged. Despite an initial surge to the 1.0800 mark, marking a...

Bitcoin at Crossroads: Potential Rebound or Breakout Ahead!
Bitcoin at Crossroads: Potential Rebound or Breakout Ahead!

The price of Bitcoin has closely approached the key resistance level of 49000. The asset’s price might either rebound from the resistance or break it through. Hence, it would be interesting to follow...

Dollar Rises on Strong Data, Technicals Signal Near Pullback Point
Dollar Rises on Strong Data, Technicals Signal Near Pullback Point

The latest data on the American economy show that it is growing significantly faster than previously thought: over the past two weeks, the estimate of the quarterly GDP growth rate, calculated by the...

EURGBP H4 | Bullish breakout
EURGBP H4 | Bullish breakout

TitleEURGBP H4 | Bullish breakoutTypeBullish BreakoutPreference:EURGBP is rising to the pivot at 0.85452, the overlap resistance that coincides closely with the 61.8% Fibonacci retracement. Price...

Daily Market Outlook, February 9, 2024
Daily Market Outlook, February 9, 2024

Daily Market Outlook, February 9, 2024Munnelly’s Market Minute…“SPX Tips Over 5k”Many Asian markets observe holidays today, with those open displaying mixed but relatively minor fluctuations....

USDJPY H4 I Falling to a pullback support
USDJPY H4 I Falling to a pullback support

TitleUSDJPY H4 I Falling to a pullback supportTypeBearish ReversalPreference:Price is rising toward the pivot point of 149.49, which aligns with a 61.8 % Projection + 161.8% Extension. A reverse from...

ECB's Holzmann Says Rate Cuts Not Guaranteed This Year
ECB's Holzmann Says Rate Cuts Not Guaranteed This Year

Hawkish ECB CommentaryEUR bulls received a bit of a boost this week with ECB’s Holzmann telling reporters today that rate cuts are not guaranteed. Holzmann, who is among the more hawkish of the ECB,...