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Forex

Daily Market Outlook, March 20, 2024
Daily Market Outlook, March 20, 2024

Daily Market Outlook, March 20, 2024Munnelly’s Macro Minute…“All Eyes On The FOMC & Fed Chair Powell’s Presser”On Wednesday, most Asian stock markets are seeing higher trading, influenced by the...

Dollar Soars as Fed Announcement Looms; Pound Falters on Soft CPI Data
Dollar Soars as Fed Announcement Looms; Pound Falters on Soft CPI Data

The US Dollar surged past the 104.00 threshold on Wednesday, exhibiting resilience after a brief setback following the Bank of Japan's deliberations on Tuesday. As market participants eagerly...

Pound Down As UK Inflation Resumes Decline
Pound Down As UK Inflation Resumes Decline

UK CPI Slips AgainGBP is weakening today after the latest UK inflation data showed that consumer prices are on the decline once again. Following an uptick to 4% over January, annualised headline CPI...

Will Fed Fuel Dollar Breakout?
Will Fed Fuel Dollar Breakout?

Fed on DeckGlobal markets are bracing for the latest Fed monetary policy meeting today. While the FOMC is not expected to see the Fed altering its course, traders will be scouring the details of the...

USDCHF Day I Bearish Drop
USDCHF Day I Bearish Drop

TitleUSDCHF Day I Bearish DropTypeBearish ReversalPreference:Price rises toward the pivot point of 0.8902, an overlap resistance close to 78.6% Fibo retracement. A reverse from this level could lead...

Yen Sinks Despite Historic BOJ Rate Hike
Yen Sinks Despite Historic BOJ Rate Hike

BOJ Hikes RatesThe Japanese Yen is collapsing lower this morning despite the BOJ making the historic move overnight to tighten rates for the first time since 2007. Having lifted rates to between 0%...

The US Dollar Braces for Volatility Amid Central Bank Rate Decisions
The US Dollar Braces for Volatility Amid Central Bank Rate Decisions

As the US Dollar Index (DXY) rests at a tranquil juncture, market participants brace themselves for an impending storm of volatility set to be unleashed by a series of pivotal central bank rate...

Daily Market Outlook, March 19, 2024
Daily Market Outlook, March 19, 2024

Daily Market Outlook, March 19, 2024Munnelly’s Macro Minute…“BoJ Makes Their Move, JPY Buy The Rumour Sell The Fact”Despite positive cues from Wall Street overnight, Asian stock markets are...

Strong Bearish Momentum
Strong Bearish Momentum

TitleStrong Bearish MomentumTypeBearish BreakoutPreference:Price could fall towards the pivot point of 0.60614 which is a potential breakout level and could drop lower from here; we could see momentum...