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Forex

Dissecting the Markets: USD Advances on Growing Strength of US Economy Relative to Its Peers

The US Dollar retreated from a three-week high, ceding ground above the 107 foothold. The pullback seems to be purely technical, given the preceding five-day winning streak fuelled by robust US...

USDCAD H4 I Bearish Drop?

TitleUSDCAD H4 I Bearish Drop?TypeBearish ReversalPreference:The price has just reacted off the pivot level of 1.4243 a resistance level that aligns with the 161.8% Fibonacci extension. A reversal...

USDJPY H4 I Falling from 61.8% Fibo?

TitleUSDJPY H4 I Falling from 61.8% Fibo?TypeBearish ReversalPreference:The price is approaching the pivot level of 153.10 a pullback resistance close to the 61.8% Fibonacci retracement. A reversal...

Pound Lower On Negative UK Growth

UK Growth Falls AgainThe British Pound has come under fresh selling pressure today following the latest UK economic data this morning. UK GDP was seen contracting 0.1% last month, following an equal...

GBPJPY H4 I Bearish Drop?

TitleGBPJPY H4 I Bearish Drop?TypeBearish ReversalPreference:The price is rising toward the pivot level of 195.60 a pullback resistance close to the 78.6% Fibonacci retracement. A reversal from this...

EURUSD Sinks on 4th ECB Rate Cut

ECB Cuts AgainEURUSD is trading lower today on the back of a further .25% rate cut from the ECB. The central bank cut rates for the fourth time this year in December, with the headline interest rate...

USDCHF H4 I Bullish Continuation?

TitleUSDCHF H4 I Bullish Continuation?TypeBullish BouncePreference:The price is falling toward the pivot level of 0.8802, a pullback support. A bounce off this level could cause the price to rise to...

Daily Market Outlook, December 12, 2024

Daily Market Outlook, December 12, 2024 Munnelly’s Macro Minute..."Tech Lead Rally Leads Asia Higher, ECB Eyed”Asian markets climbed on Thursday, spurred by a tech-driven rally on Wall Street, as...

FX Options Insights 12/12/24

FX Options Insights 12/12/24FX options were positioned for heightened volatility in response to policy announcements from the Swiss and European central banks on Thursday. At the same time, 1-week...