Loading...

Forex

S&P500 Forecast: Potential Correction Underway!
S&P500 Forecast: Potential Correction Underway!

American stock index S&P500 keeps heading up. Currently, the price of this asset remains at the level of 5245. It might slightly rise in the future. However, the asset’s price is likely to undergo...

Intervention Fears Grow As USDJPY Hits 1990's Levels
Intervention Fears Grow As USDJPY Hits 1990's Levels

USDJPY Hits Record LevelsFears of BOJ intervention in the FX market are at heightened levels today following the breakout in USDJPY seen yesterday. The pair moved to its highest level since August...

Approaching pullback resistance
Approaching pullback resistance

TitleApproaching pullback resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.6533 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement...

EURUSD Breakdown Risks Ahead of ECB
EURUSD Breakdown Risks Ahead of ECB

EUR Under PressureEURUSD is heading lower ahead of the April ECB meeting this afternoon. The bank is widely expected to give a strong signal that rate cuts are coming, starting in June. Pricing for a...

Bullish Rebound
Bullish Rebound

TitleBullish ReboundTypeBullish BreakoutPreference:Price is rising towards the pivot point of 99.77 and we could potentially see momentum carry price up to its 1st resistance at 100.64 which is a...

US Inflation Jolts Markets: USD Dominance on the Rise
US Inflation Jolts Markets: USD Dominance on the Rise

Today's market landscape saw the EUR/USD pair maintaining a subdued stance around the 1.0850 mark, as investors held their breath ahead of the eagerly awaited release of the US CPI. The BLS...

Daily Market Outlook, April 10, 2024
Daily Market Outlook, April 10, 2024

Daily Market Outlook, April 10, 2024Munnelly’s Macro Minute…“All Eyes On US Inflation For The Next Move In Markets”On Wednesday, Asian stocks traded higher despite Fitch's rating downgrade of...

AUDUSD Breakout Trade Still on Watch
AUDUSD Breakout Trade Still on Watch

Aussie Pushing HigherThe Aussie Dollar continues to push higher today as risk-on trades benefit from a weaker USD ahead of tomorrow’s CPI data. The Aussie has bounced firmly off the .6520 level,...

Silver Hits New 2024 Highs Ahead of US CPI
Silver Hits New 2024 Highs Ahead of US CPI

XAG Rally ContinuesSilver prices are continuing to push higher this week with silver futures breaking out to fresh highs for the year today. The market has been well supported in recent weeks, drawing...