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Forex

EURUSD Heavily Sold on Dovish ECB Hike
EURUSD Heavily Sold on Dovish ECB Hike

ECB Signals End to TighteningEUR came under heavy selling pressure yesterday, despite hiking rates by a further .25%. The majority of market players had been anticipating a pause from the ECB, making...

Will EURAUD Bull Channel Hold?
Will EURAUD Bull Channel Hold?

Testing Key AreaEURAUD is at a crossroads here on the back of the sell off from YTD highs. The market has corrected around 3.5% lower from those 1.74 area highs and is now testing the bull channel...

AUDUSD H4 | Rising into Fibo confluence
AUDUSD H4 | Rising into Fibo confluence

TitleAUDUSD H4 | Rising into Fibo confluenceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.64886 which is a pullback resistance that aligns with the 78.6% Fibonacci...

Daily Market Outlook, September 15, 2023
Daily Market Outlook, September 15, 2023

Daily Market Outlook, September 15, 2023Munnelly’s Market Commentary… Asian equity markets posted gains as they followed the positive global trend driven by robust U.S. economic data, a dovish rate...

US Consumer Inflation Slightly Exceeds Expectations, ECB Prepares for Meeting: Market Overview
US Consumer Inflation Slightly Exceeds Expectations, ECB Prepares for Meeting: Market Overview

Consumer inflation in the United States in August came in slightly above expectations, as indicated by the report released on Wednesday. Core inflation, which excludes items or services with volatile...

USDCAD H4 | Falling to overlap support
USDCAD H4 | Falling to overlap support

TitleUSDCAD H4 | Falling to overlap supportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.35019 which is an overlap support and could potentially reverse from here; we...

September ECB Meeting: Downside Risks For EUR
September ECB Meeting: Downside Risks For EUR

ECB on DeckAll eyes are firmly on the ECB today as the central bank prepares to make its September rates decision. Expectations have been rather split ahead of this event. On the one hand, stickiness...

Bitcoin Analysis: Potential Rise Ahead
Bitcoin Analysis: Potential Rise Ahead

The price of Bitcoin has tested the supporting zone at the key level of 25000 and formed an engulfing. Bears tried to make Bitcoin drop but to no avail. Hence, the asset’s price is still likely to...

Daily Market Outlook, September 14, 2023
Daily Market Outlook, September 14, 2023

Daily Market Outlook, September 14, 2023Munnelly’s Market Commentary… Asian equity markets generally displayed resilience and upward momentum, distancing themselves from the uncertainty that had...