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Forex

USDJPY Turns Lower on Hawkish BOJ Comments

JPY RallyingThe Japanese Yen is starting the week on a stronger footing following hawkish comments from BOJ governor Ueda to the Yomiuri newspaper. Ueda signalled that the bank would likely have...

S&P 500 Analysis: Potential Rise Ahead

American stock index S&P 500 got back to the supporting level of 4448 and might rebound and head north soon. The asset’s price is likely to rise and hit the level of 4607, test it, rebound, and...

AUDUSD H4 | Potential bearish reversal off 50% Fibo

TitleAUDUSD H4 | Potential bearish reversal off 50% FiboTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.64496 which is a pullback resistance that aligns close to the 50.0%...

Dollar Under Pressure - Traders Await Inflation Data

Dollar Stalls on JPY DriveThe US Dollar is starting the week under pressure. The DXY has fallen around 0.6% from last week’s highs across early European trading on Monday. Hawkish comments from BOJ’s...

EURUSD H4 | Bouncing off support level?

TitleEURUSD H4 | Bouncing off support level?TypeBullish BouncePreference: The price is declining toward our pivot point of 1.06897.  A bounce from this level could lead the price to rally toward the...

GBPJPY H4 | Bullish bounce off 61.8% fibo?

TitleGBPJPY H4 | Bullish bounce off 61.8% fibo?TypeBullish BouncePreference:Price is reacting to our pivot point at 182.91, which is a pullback support level, aligning with the 61.8% fibo retracement...

Daily Market Outlook, September 11, 2023

Daily Market Outlook, September 11, 2023Munnelly’s Market Commentary… Asian equity markets displayed a mixed performance driven by rising yields, triggered by comments from BoJ Governor Ueda. Ueda...

USDJPY H4 I Falling to overlap support?

TitleUSDJPY H4 I Falling to overlap support?TypeBearish ReversalPreference:Price is rising toward our pivot point of 147.361, which serves as an overlap resistance level that aligns with 61.8% Fibo...

Dollar Index Strengthens, Commodity Currencies Edge Higher, and Eyes Turn to Key Economic Events

Dollar Index Holds Firm Around 105 PointsThe dollar index continues to consolidate around 105 points, reaching levels not seen since mid-March of this year. Meanwhile, EURUSD briefly dipped below the...