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Forex

EURUSD M15 | Bearish reversal
EURUSD M15 | Bearish reversal

TitleEURUSD M15 | Bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot point of 1.0888, a pullback resistance. A reversal from this level could lead the price to fall to 1st...

Dollar Sinks As Inflation Softens
Dollar Sinks As Inflation Softens

US CPI Falls (Finally)The US Dollar plunged lower yesterday on the back of the April CPI and retail sales readings. On the inflation front, annualised CPI was seen declining for the first time in six...

Rising into Resistance
Rising into Resistance

TitleRising into ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 154.56 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level and...

Daily Market Outlook, May 16, 2024
Daily Market Outlook, May 16, 2024

Daily Market Outlook, May 16, 2024Munnelly’s Macro Minute…“Markets Buoyant With Goldilocks Inflation & Retail Sales Data”Equity markets in the Asia-Pacific region continued to rise, reflecting the...

Falling to 61.8% Fibonacci Support
Falling to 61.8% Fibonacci Support

TitleFalling to 61.8% Fibonacci SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.3629 which is an overlap support that sits above the 61.8% Fibonacci retracement level...

USDJPY M15 | Bearish Drop
USDJPY M15 | Bearish Drop

TitleUSDJPY M15 | Bearish DropTypeBearish DropPreference:Price is currently at the pivot point of 156.36.  A drop from this level could lead the price to fall to 1st support at 155.95, a pullback...

BOJ in Focus Ahead of US CPI
BOJ in Focus Ahead of US CPI

USDJPY Turning LowerA softening US Dollar on Wednesday will certainly be welcomed by the Bank of Japan. USDJPY had been rising steadily following the intervention-driven crash from around 160 to low...

US Dollar Retreats Amid Disinflationary Signals
US Dollar Retreats Amid Disinflationary Signals

The US Dollar finds itself navigating turbulent waters, as the latest Consumer Price Index print sets off a cascade of reactions across various asset classes. The pronounced retreat of the USD is...

Fed Comments Help USD Counter a Streak of Weak Labor Market Data; All Eyes on CPI
Fed Comments Help USD Counter a Streak of Weak Labor Market Data; All Eyes on CPI

The US Dollar found some support following statements by Fed Vice Chairman Philip Jefferson advocating for a prolonged period of rate stability. Jefferson's remarks injected a semblance of...