TitleUSDCAD H4 | Reversal from 38.2% Fibo resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.35041 which is an overlap resistance that aligns with the 38.2%...
Daily Market Outlook, September 21, 2023
Daily Market Outlook, September 21, 2023Munnelly’s Market Commentary… Asian equity markets faced pressure following the Federal Open Market Committee's (FOMC) hawkish pause, where the Fed's...
GBP Lower As Market Weighs Dovish BOE Risks
BOE Up NextGBP remains under heavy selling pressure ahead of the BOE meeting today. Over recent weeks the Pound has fallen sharply amidst a swift repricing of UK rates. With UK inflation falling and...
Dollar Spikes On Hawkish Hold From Fed
Fed Sees Fewer CutsThe US Dollar remains well bid today on the back of the September FOMC. While the Fed held rates unchanged, as expected, the guidance offered was firmly bullish. The majority of...
EURUSD H4 | Bouncing off support (Day)?
TitleEURUSD H4 | Bouncing off support (Day)?TypeBullish BouncePreference:The price has just bounced off the pivot point at 1.06327, a multi-swing low support level and a swing low daily support. A...
Fed's Surprising Hawkish Pause and its Impact on Global Markets
The Federal Reserve left the interest rate unchanged at yesterday's meeting in the range of 5.25-5.5% and indicated that it might raise the rate again later this year. Regarding the medium-term...
Fed's Meeting Outlook: Dollar Stability Hangs in the Balance as All Eyes Turn to the Dot Plot
EURUSD has stabilized around the 1.07 level, while the dollar index hovers near the 105 mark ahead of the Federal Reserve's meeting scheduled for today. Markets are not anticipating a rate hike;...
EURUSD H4 | Potential bullish reversal?
TitleEURUSD H4 | Potential bullish reversal?TypeBullish BouncePreference:The price has just bounced off the pivot point at 1.06773, which is a multi-swing low support level. A bounce from this level...
SNB/BOE in Focus for GBPCHF Traders
SNB Rate Hike SeenFollowing on from the FOMC tonight, traders will tomorrow turn their attention to the BOE meeting. However, ahead of that meeting, the SNB will step into the spotlight and...
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