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Forex

BOJ Risks Seen AS USDJPY Breaks 150

Yen Selling ContinuesThose who sold USDJPY short into the YTD lows are continuing to sweat this week as the pair’s recovery makes further headway. Price is now up almost 8% off the lows printed in...

EURUSD  H4 | Bearish  Reversal

TitleEURUSD  H4 | Bearish  ReversalTypeBearish ReversalPreference:The price is moving up towards the pivot level of 1.0895, which acts as an overlap resistance close to 23.62% Fibonacci retracement. A...

FX Options Insights 18/10/24

FX Options Insights 18/10/24The expectation that there is nothing to excite foreign exchange markets prior to the U.S. election but a lot of risks to hedge once it is over is supported by price...

Better UK Retail Data Boosts GBPUSD

UK Retail Sales JumpThe Pound is trading a little higher today on the back of an upside surprise in the latest UK economic data. Retail sales were seen at 0.3% last month, much higher than the -0.4%...

GBPUSD H4  | Bearish  Reversal

TitleGBPUSD H4  | Bearish  ReversalTypeBearish ReversalPreference:The price is moving up towards the pivot level of 1.3033, which acts as a pullback resistance. A reversal at this level could cause...

Daily Market Outlook, October 18, 2024

Daily Market Outlook, October 18, 2024 Munnelly’s Macro Minute…"PBOC Launches It’s Swap Facility, Markets Overlook Mixed Data To Trade Higher”China's stock market rose on Friday as the...

Will ECB Drive EURUSD Fireworks Today?

ECB Easing in FocusEURUSD is in the crosshairs today as traders brace for the October ECB meeting. The bank is widely expected to cut rates by a further .25%, reflected in the heavy selling we’ve seen...

Daily Market Outlook, October 17, 2024

Daily Market Outlook, October 17, 2024 Munnelly’s Macro Minute…"TSMC’s Earnings Alleviate Chip Crisis. China Real Estate: Another False Dawn?”Asian stock markets are trading mostly higher on...

USDCHF H4  I Bearish Reversal

TitleUSDCHF H4  I Bearish ReversalTypeBearish Reversal Preference:The price is moving up towards the pivot level of 0.8690, which acts as a pullback resistance close to 38.2% Fibonacci retracement. A...