USD Retreats as Weak US Services PMI Turns Tables for EUR and GBP
EUR/USD is staging a rebound, reclaiming ground above 1.0850 on Thursday, buoyed by the release of lower-than-anticipated ISM Services PMI figures from the US.The decline in Prices Paid, dropping from...
Dollar Slump Deepens as Traders Await NFP Tomorrow
Weak ISM Services Hits DollarThe US Dollar is turning sharply lower into the back of the week, ahead of tomorrow’s keenly awaited March labour reports. Yesterday, the ISM services reading was seen...
Potential Bullish Breakout
TitlePotential Bullish BreakoutTypeBullish BreakoutPreference:Price is rising towards the pivot point of 0.65186 which is a potential breakout level and could climb higher from here; we could see...
Dollar Holds At Highs Ahead of Powell
USD Rally PausesTraders are keenly awaiting a fresh slew of Fed commentary today, including Fed chairman Powell who is due to speak later. USD has started off the week on a strong footing following...
Potential Bearish Reversal
TitlePotential Bearish ReversalTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.59912 which is a pullback resistance level and could potentially reverse from here; we could...
EURUSD H4 | React off resistance
TitleEURUSD H4 | React off resistanceTypeBearish ReversalPreference:Price is currently at the pivot point of 1.0777, an overlap resistance that aligns with the 23.6% Fibo retracement. A reverse from...
GBPUSD H4 | Bearish Drop
TitleGBPUSD H4 | Bearish DropTypeBearish ReversalPreference:Price is rising toward the pivot point of 1.2602, an overlap resistance. A reversal from this level could lead the price to fall to 1st ...
Inflation in the Eurozone seems to be taking a breather, according to the latest figures released by Eurostat. The Harmonized Index of Consumer Prices (HICP) for March revealed a 2.4% rise...
Daily Market Outlook, April 3, 2024
Daily Market Outlook, April 3, 2024Munnelly’s Macro Minute…“Powell Comments The Macro Catalyst Of The Day ”On Wednesday, Asian stock markets are experiencing widespread losses, influenced by the...
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