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Will Eurozone CPI Drop Change ECB View?
Will Eurozone CPI Drop Change ECB View?

Inflation Falls SharplyThe latest set of eurozone inflation figures released this morning make for more encouraging reading for the ECB. Annual headline and core CPI were both seen falling last month....

Is the Dollar Rally Losing Steam? New Banking Sector Shocks Prevent the Fed from Rising too High and too Fast
Is the Dollar Rally Losing Steam? New Banking Sector Shocks Prevent the Fed from Rising too High and too Fast

Contrary to expectations, the number of job openings per unemployed person in the United States increased again in April. JOLTS reported this yesterday:After several months of decline, demand pressure...

GBPJPY H4 | A bounce off support level
GBPJPY H4 | A bounce off support level

TitleGBPJPY H4 | A bounce off support levelTypeBullish BouncePreference:Price has just bounced off our pivot point of 172.48 which is a pullback support level. A bounce from here, price could rally to...

EURUSD H4 | Retracement to 23.6% Fibo resistance
EURUSD H4 | Retracement to 23.6% Fibo resistance

TitleEURUSD H4 | Retracement to 23.6% Fibo resistanceTypeBearish ReversalPreference:Price could approach the pivot point of 1.07619 and potentially reverse from here; we could see momentum carry price...

RBA Rate Hikes Back In Focus After Aussie CPI Beat
RBA Rate Hikes Back In Focus After Aussie CPI Beat

CPI Still Not Falling Fast EnoughThe latest Australian inflation data overnight no doubt makes difficult reading for the RBA . Annual CPI was seen rising 6.8% last month, above the 6.4% the market was...

EURUSD Falls Ahead of CPI Tomorrow
EURUSD Falls Ahead of CPI Tomorrow

EUR Under Pressure Selling in EURUSD has continued to build on Wednesday with the latest data out of the eurozone showing that inflation in France and Germany slowed more than expected last month. In...

GBPUSD H1 | React off 61.8%
GBPUSD H1 | React off 61.8%

TitleGBPUSD H1 | React off 61.8%TypeBullish BouncePreference:Price has just bounced off our pivot point at 1.23724 which is a pullback support level that aligns with a 61.8% Fibonacci retracement. A...

Inflation Surprise for the ECB
Inflation Surprise for the ECB

EURUSD slipped by almost half a percent during Asian trading on Wednesday:As mentioned in the previous article, it might be wise to hold off on shorting the dollar. Other majors are also losing...

Daily Market Outlook, May 31, 2023
Daily Market Outlook, May 31, 2023

Daily Market Outlook, May 31, 2023Most Asian equity markets traded lower as they took cues from a mixed handover from Wall Street. Investor sentiment was clouded by opposition to the debt ceiling bill...