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Forex

Sticky Eurozone Inflation Tests ECB Easing Expectations
Sticky Eurozone Inflation Tests ECB Easing Expectations

EZ CPI Beats ForecastsThe latest set of eurozone inflation data today told a familiar tale. The flash eurozone CPI estimate for February came in at (headline) 2.6% vs 2.5% expected with core also seen...

Resistance Overhead
Resistance Overhead

TitleResistance OverheadTypeBearish ReversalPreference:Price could rise towards the pivot point of 0.65243 which is an overlap resistance level and potentially reverse from here; we could see momentum...

Daily Market Outlook, March 1, 2024
Daily Market Outlook, March 1, 2024

Daily Market Outlook, March 1, 2024Munnelly’s Market Minute…“The Nikkei Opens The New Month With A Surge To Record Highs”The new month starts with Japan's Nikkei Average hitting a new high above...

Dollar Boosted By PCE Data
Dollar Boosted By PCE Data

Core PCE RisesThe US Dollar is catching a bid ahead of the weekend following yesterday’s data. The core PCE price index was seen rising to 0.4% from the prior month’s 0.1% reading. Given that the data...

GBPJPY H4 | Bearish Drop
GBPJPY H4 | Bearish Drop

TitleGBPJPY H4 | Bearish DropTypeBearish DropPreference:Price is currently at the pivot point of 189.87, an overlap resistance. A reverse from this level could lead the price to fall to 1st support at...

EURUSD H4 | Bullish Rise
EURUSD H4 | Bullish Rise

TitleEURUSD H4 | Bullish RiseTypeBullish BouncePreference:Price is falling toward the pivot point of 1.0782, a pullback support level. A reverse from this level could lead the price to rise to 1st...

USDJPY H4 | Bearish Breakout
USDJPY H4 | Bearish Breakout

TitleUSDJPY H4 | Bearish BreakoutTypeBearish DropPreference:Price is currently at the pivot point of 149.84, a multi-swing low support level. A breakout from this level could lead the price to fall to...

Pound Sterling Steadies Amidst US Core PCE Data Anticipation
Pound Sterling Steadies Amidst US Core PCE Data Anticipation

During Thursday's European trading session, the Pound Sterling displayed a cautious performance against the US Dollar, showing modest declines as market attention remained fixed on the eagerly...

EURUSD H4 | Potential bearish reversal
EURUSD H4 | Potential bearish reversal

TitleEURUSD H4 | Potential bearish reversalTypeBearish DropPreference:Price is currently at the pivot point of 1.0832, an overlap resistance level. A reverse from this level could lead the price to...