ECB On WatchEURUSD is trading in a muted fashion ahead of the keenly awaited June ECB meeting later today. The bank is widely expected to cut rates by .25% in line with lower inflation and dovish ECB...
BOC Front-runs Fed With First G7 Rate Cut
BOC Cuts RatesThe Bank of Canada became the first central bank in the G7 group to cut rates yesterday. Marking its first rate cut in four years, the BOC noted that it was confident inflation was...
Daily Market Outlook, June 6, 2024
Daily Market Outlook, June 6, 2024Munnelly’s Macro Minute…“All Eyes On The ECB, The Second G7 Central Bank Rate Domino To Fall”Asian equity markets are in the green following gains on Wall Street,...
Aussie H4 | Potential Bullish Bounce
TitleAussie H4 | Potential Bullish BounceTypeBullish BouncePreference:Price could fall towards the pivot point of 0.6640 which is a pullback support level and potentially reverse from here; we could...
Dollar Arrests Decline Amid Mixed Economic Signals; Short-Term Rebound Is Likely
On Wednesday, the US Dollar picked up steam for the second consecutive day as the US Dollar Index, which measures the currency against six key rivals, managed to rise despite remaining in the red for...
Daily Market Outlook, June 5, 2024
Daily Market Outlook, June 5, 2024Munnelly’s Macro Minute…“Bank of Canada On Deck Ahead Of ECB & NFP’s”Wednesday saw a general rise in Asian stocks, with the dollar holding steady, driven by...
NZDUSD D1 | Approaching Swing-high Resistance
TitleNZDUSD D1 | Approaching Swing-high ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.6195 which is a swing-high resistance level and could potentially reverse...
EURUSD H1 | Bullish Bounce
TitleEURUSD H1 | Bullish BounceTypeBullish BouncePreference:Price is falling toward the pivot of 1.0840, an overlap support close to 61.8% Fibo retracement. A bounce from this level could lead the...
BOC Rate Cut: Will They, Won't They?
BOC on WatchAll eyes are on the Bank of Canada today as Tiff Macklem and co prepare to unveil their June rate decision. The bank has been giving strong easing signals recently and with inflation...
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