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Forex

Bitcoin is Heading North: Potential Price Drop Ahead
Bitcoin is Heading North: Potential Price Drop Ahead

Last week the price of Bitcoin rebounded from the supporting level of 54000. Now, it’s heading up. The price of this asset might target the psychological level of 70000 next to the downtrend. It might...

Institutional Insights: Goldman Sachs Global FX Trader Update
Institutional Insights: Goldman Sachs Global FX Trader Update

Institutional Insights: Goldman Sachs Global FX Trader UpdateThe following are the thoughts of Goldman Sachs on USD, JPY & GBPUSD: Fed brings better balance; adjusting our forecasts. With a 50bp...

Daily Market Outlook, September 20, 2024
Daily Market Outlook, September 20, 2024

Daily Market Outlook, September 20, 2024 Munnelly’s Macro Minute…"BoJ Takes Up The Central Bank Batton”Investors are continuing to celebrate the Federal Reserve's half-point interest rate...

GBPUSD Hits Fresh YTD Highs on BOE Outlook
GBPUSD Hits Fresh YTD Highs on BOE Outlook

BOE Holds Steady On RatesFollowing a firm rally on the back of yesterday’s BOE meeting, the Pound is pulling back from highs today. Yesterday, the BOE held rates unchanged at 5%, as expected,...

USD Steadies Amid Global Central Bank Divergencea
USD Steadies Amid Global Central Bank Divergencea

After Thursday's sharp decline, the Greenback is trading broadly steady on Friday, grappling with the implications of the Fed’s aggressive rate cut and contrasting monetary policies from other...

GBPUSD H4 | Bearish Reversal
GBPUSD H4 | Bearish Reversal

TitleGBPUSD H4 | Bearish Reversal TypeBearish BreakoutPreference:price is rising toward of the pivot of 1.3344, a pullback resistance close to 127.20% Fibonacci Extension.A reverse from this level...

AUDUSD H4  | Bearish Reversal
AUDUSD H4  | Bearish Reversal

TitleAUDUSD H4  | Bearish Reversal TypeBearish  ReversalPreference:price is rising toward of the pivot of 0.6845, a pullback resistance close to the 127.20% Fibonacci Extension.A reverse from this...

USDJPY Rallying on Muted BOJ Meeting
USDJPY Rallying on Muted BOJ Meeting

Softer Tone from BOJUSDJPY is seeing strong gains today on the back of the BOJ meeting overnight. The BOJ was seen keeping rates on hold, as expected, with traders caught a little offside by the more...

EURUSD H4 | Bearish Reversal
EURUSD H4 | Bearish Reversal

TitleEURUSD H4 | Bearish ReversalTypeBearish ReversalPreference:price is rising toward of the pivot of 1.1192, a multi swing high resistance close to 161.80% Fibonacci Extension.A reverse from this...