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Forex

GBPUSD H4  | Rising into Resistance
GBPUSD H4  | Rising into Resistance

TitleGBPUSD H4  | Rising into ResistanceTypeBullish reversalPreference:The price is falling towards the pivot level of 1.2975, which is a pullback  support  A reversal off this level could cause the...

Euro and Pound Struggle to Break Key Levels as Market Awaits Fresh Catalysts
Euro and Pound Struggle to Break Key Levels as Market Awaits Fresh Catalysts

The US labor market has delivered contrasting signals in September, complicating the outlook for employment trends and the Fed policy. The ADP report released on Wednesday revealed a robust addition...

Daily Market Outlook, October 29, 2024
Daily Market Outlook, October 29, 2024

Daily Market Outlook, October 29, 2024 Munnelly’s Macro Minute..."Mega Cap Tech Earnings Kick Off In Earnest, Ahead Of Pivotal Jobs Data Friday”Tuesday saw erratic trading in Asian stocks as...

FX Options Insight 29/10/24
FX Options Insight 29/10/24

FX Options Insight 29/10/24The influence of EUR/USD options is growing, with many options expiring at 1.0800. The EUR/USD pair continues to trade within well-established ranges, and without the...

USD Poised to Rise as Bearish Correction Concludes; Labor Market Surprises Ahead
USD Poised to Rise as Bearish Correction Concludes; Labor Market Surprises Ahead

The greenback resumed its advance on Wednesday, with the US Dollar Index seemingly completing a modest bearish retracement from 104.50 down to 104. Market participants are holding off on broad...

USDJPY Rally Continues Ahead of BOJ
USDJPY Rally Continues Ahead of BOJ

Yen Weakness ContinuesUSDJPY continues to climb higher ahead of the Bank of Japan meeting later this week. On the back of the political upset seen in the recent Japanese elections, the BOJ is expected...

Dollar Pullbacks Limited as Markets Brace for Key US Labor Data and Election Uncertainty
Dollar Pullbacks Limited as Markets Brace for Key US Labor Data and Election Uncertainty

The US Dollar continues to demonstrate robust performance, trading near three-month highs and on track for a 4% rally in October—its strongest monthly gain in two years. This strength underscores the...

Daily Market Outlook, October 28, 2024
Daily Market Outlook, October 28, 2024

Daily Market Outlook, October 28, 2024 Munnelly’s Macro Minute…"Geopolitical & Macroeconomic Headline Risk Abounds In A Busy Week For Investors”The results of Japan's Lower House...

Big Risks For EURUSD This Week
Big Risks For EURUSD This Week

Key EUR Data on WatchThe sell off in EURUSD has paused for now, with the pair seeing better demand across early European trading on Monday. However, the market looks highly vulnerable to fresh...