Wednesday marked a pivotal moment as the Federal Open Market Committee (FOMC) unveiled its commitment to cut interest rates three times this year. This revelation blindsided markets, which had...
Rising into Resistance
TitleRising into ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.66455 which is a pullback resistance level and could potentially reverse from here; we could see...
Dollar Soars as Fed Announcement Looms; Pound Falters on Soft CPI Data
The US Dollar surged past the 104.00 threshold on Wednesday, exhibiting resilience after a brief setback following the Bank of Japan's deliberations on Tuesday. As market participants eagerly...
Pound Down As UK Inflation Resumes Decline
UK CPI Slips AgainGBP is weakening today after the latest UK inflation data showed that consumer prices are on the decline once again. Following an uptick to 4% over January, annualised headline CPI...
Will Fed Fuel Dollar Breakout?
Fed on DeckGlobal markets are bracing for the latest Fed monetary policy meeting today. While the FOMC is not expected to see the Fed altering its course, traders will be scouring the details of the...
USDCHF Day I Bearish Drop
TitleUSDCHF Day I Bearish DropTypeBearish ReversalPreference:Price rises toward the pivot point of 0.8902, an overlap resistance close to 78.6% Fibo retracement. A reverse from this level could lead...
GBPUSD H4 I Bearish Drop
TitleGBPUSD H4 I Bearish DropTypeBearish ReversalPreference:Price rises toward the pivot point of 1.2769, a pullback resistance close to 61.8% Fibo retracement + FVG. A reverse from this level could...
Daily Market Outlook, March 20, 2024
Daily Market Outlook, March 20, 2024Munnelly’s Macro Minute…“All Eyes On The FOMC & Fed Chair Powell’s Presser”On Wednesday, most Asian stock markets are seeing higher trading, influenced by the...
USDJPY H4 | Bullish Bounce
TitleUSDJPY H4 | Bullish BounceTypeBearish BreakoutPreference:Price has broken the multi-swing resistance. Wait for the price to pullback at the pivot point at 150.82. A bounce off the pivot, could...
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