USD Under Pressure Amid Mixed Economic Signals and French Election Tensions
This week has been a rollercoaster for the US Dollar, which has endured a relentless four-day losing streak. Despite some encouraging data from the Nonfarm Payrolls report, the Greenback remains...
AUDUSD Day 1 I Bearish reversal
TitleAUDUSD Day 1 I Bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot of 0.6781, a pullback resistance close to 78.6% Fibo retracement. A reverse from this level could...
Daily Market Outlook, July 4, 2024
Daily Market Outlook, July 4, 2024Munnelly’s Macro Minute…“US Holidays Leaves UK Politics Center Stage Today”Asian equities rose as economic data reinforced the Federal Reserve's case for...
The Euro on the Ascent as Odds of Fed Dovish Outcome in September Increases
The US dollar is currently under substantial pressure, primarily due to signs of a cooling labor market and waning economic vitality. The latest ADP Employment data released on Wednesday painted a...
Takeaways from the FOMC Minutes
After every monthly meeting, the FOMC (the Federal Open Market Committee) publishes the minutes. The document provides in-depth information about the view of the board members, and what informed their...
EURUSD H4 | Bullish Bounce
TitleEURUSD H4 | Bullish BounceTypeBullish BouncePreference:Price is falling toward the pivot point of 1.0767, a pullback support t. A bounce from this level could lead the price to rise to 1st...
GBPUSD H4 | Bullish Bounce
TitleGBPUSD H4 | Bullish BounceTypeBullish BouncePreference:Price is falling toward the pivot point of 1.2700, a pullback support. A bounce from this level could lead the price to rise to 1st...
GBP Higher As UK Leadership Voting Begins
UK Election DayAs the UK takes to the polls today to vote in the General Election, GBP remains well bid. A Labour Party win has been well telegraphed throughout the election campaign with polls...
USDCHF H4 | Bullish Bounce
TitleUSDCHF H4 | Bullish BounceTypeBullish BouncePreference:Price is falling toward the pivot point of 0.8984, an overlap support A bounce from this level could lead the price to rise to 1st...
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