Still-Hot UK Inflation Raises Risks of Hawkish BOE Surprise
Hawkish RisksThe big focus in FX markets today will be the June Bank of England meeting. The BOE had been tipped to hike rates by a further .25%, marking the 13th consecutive rate hike and the...
NZDUSD H4 | React off 78.6 %
TitleNZDUSD H4 | React off 78.6 %TypeBearish ReversalPreference:Price is moving up towards our pivot point of 0.62347 which is an overlap resistance level that aligns with 78.6% Fibo retracement. A...
Bitcoin’s Signal is Keeping Bulls and Bears on their Toes
Bitcoin has tested the psychological level of 30000. The asset has closely approached the key resistance level of 31000. Bitcoin might potentially rebound and drop. However, considering the recent...
GBPUSD H1 | React off 1st resistance
TitleGBPUSD H1 | React off 1st resistanceTypeBullish BreakoutPreference:Price is approaching our pivot point of 1.27699 which is an overlap resistance level. If it reverse from here, price could fall...
Daily Market Outlook, June 22, 2023
Daily Market Outlook, June 22, 2023Munnelly’s Market Commentary… Asian equity markets traded mostly lower as market participants reacted to the tech-driven declines on Wall Street. Investors were also...
USDCAD H4 | Bounce off from Fibo confluence
TitleUSDCAD H4 | Bounce off from Fibo confluenceTypeBullish BouncePreference:Price is falling towards our pivot point of 1.31165 which aligns with -27.2% Fibo expansion and 161.8% Fibo extension,...
EURUSD H4 | potential reverse from resistance
TitleEURUSD H4 | potential reverse from resistanceTypeBearish ReversalPreference:Price is approaching our pivot point of 1.09988, which represents an overlap resistance. This level aligns with the...
EURUSD Pushing Higher As USD Falls After Powell Speech
USD Weakens on Powell CommentsEURUSD is pushing higher today against a backdrop of USD weakness following Powell’s semi-annual testimony at Congress yesterday. Speaking at the Senate Banking...
Bank of England's Underestimated Inflation Forecasts Expose Insufficient Policy Tightening
The surprise in UK consumer inflation for May was incredibly strong, raising concerns that the Bank of England may go into overdrive with the policy tightening. GBPUSD initially tried to gain...
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