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Forex

Daily Market Outlook, June 20, 2024
Daily Market Outlook, June 20, 2024

Daily Market Outlook, June 20, 2024Munnelly’s Macro Minute…“Asian Markets Soggy On Tech Doubts. BoE On Deck”Asian stocks weakened as investors weighed the sustainability of the recent surge in...

USDCHF H1 | Bullish Rise
USDCHF H1 | Bullish Rise

TitleUSDCHF H1 | Bullish RiseTypeBullish RisePreference:Price is currently at the pivot of 0.8839, a rise from this level could the price to rise to 1st resistance at 0.8870, a pullback resistance...

EURUSD M15 | Bearish reversal
EURUSD M15 | Bearish reversal

TitleEURUSD M15 | Bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot point of 1.0742, a pullback resistance. A reversal from this level could lead the price to fall to 1st...

Bitcoin Forecast: Potential Price Rise Ahead!
Bitcoin Forecast: Potential Price Rise Ahead!

The price of Bitcoin broke the uptrend and gradually dropped. The price of this asset might test the psychological level of 60000, gain the required support, and rise soon. Hence, it would be...

USD Falters Amid Disappointing Data and the BoE's Steady Stance
USD Falters Amid Disappointing Data and the BoE's Steady Stance

The greenback's earlier bullish momentum from the Asian session fizzled out as softer-than-expected jobless claims data and disappointing US housing statistics took their toll. The USD's...

USDCAD H4 | Bullish Bounce
USDCAD H4 | Bullish Bounce

TitleUSDCAD H4 | Bullish BounceTypeBullish RisePreference:Price is currently at the pivot point of 1.3721, a pullback support. A bounce from this level could lead the price to rise to 1st resistance...

NZDUSD H1 | Bullish reversal
NZDUSD H1 | Bullish reversal

TitleNZDUSD H1 | Bullish reversalTypeBullish BouncePreference:Price is falling toward the pivot point of 0.6111, a pullback support close to 78.6% Fibo retracement. A bounce from this level could lead...

UK Inflation Finally Back At Target Ahead of BOE Tomorrow
UK Inflation Finally Back At Target Ahead of BOE Tomorrow

UK Inflation Back at TargetThe British Pound is rising today on the back of the latest set of UK inflation figures released this morning. The data delivered by the ONS showed that headline annualized...

Reversal Risks Loom As USDJPY Tests Highs
Reversal Risks Loom As USDJPY Tests Highs

Dollar Holds Firm Against YenUSDJPY remains worryingly close to highs on the back of the recent BOJ and FOMC meetings. A more hawkish tone from the Fed has seen the Dollar well supported on the back...