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Forex

#DXY #EURUSD & #GBPUSD Trading Update
#DXY #EURUSD & #GBPUSD Trading Update

#DXY #EURUSD & #GBPUSD Trading UpdateIn this update we review the recent price action in the Dollar Index, Euro and Cable and update the trading strategy following on from last week's...

Dissecting the Markets: EUR/USD Climbs Above 1.0500 on Broad-Based USD Retreat
Dissecting the Markets: EUR/USD Climbs Above 1.0500 on Broad-Based USD Retreat

The Euro extended its recovery against the US Dollar on Monday, breaking above the critical 1.05 support level. This movement comes as the greenback faces broad-based sell-off, with the US Dollar...

Daily Market Outlook, November 25, 2024
Daily Market Outlook, November 25, 2024

Daily Market Outlook, November 25, 2024 Munnelly’s Macro Minute..."Markets Giving Thanks For Bessant Treasury Pick”The market's response to fund manager Scott Bessent's selection as the...

FX Options Insights 25/11/24
FX Options Insights 25/11/24

FX Options Insights 25/11/24In addition to strengthening surrounding support and resistance levels, cash hedging of soon-to-expire FX option strikes may also have a magnetic impact on FX price...

GBPUSD H4 | Potential Bearish Reversal
GBPUSD H4 | Potential Bearish Reversal

TitleGBPUSD H4 | Potential Bearish ReversalTypeBearish ReversalPreference:The price is approaching the pivot level of 1.2615, an overlap resistance close to 50% Fibonacci retracement. A reversal at...

Daily Market Outlook, November 22, 2024
Daily Market Outlook, November 22, 2024

Daily Market Outlook, November 22, 2024 Munnelly’s Macro Minute..."Digital(Bitcoin) & Physical Gold Surging Into The Weekend”Russia lowered its threshold for using nuclear weapons and fired a...

Pound Plummets on Dreary UK Data Dump
Pound Plummets on Dreary UK Data Dump

Retail Sales Drop SharplyThe British Pound has come under heavy selling pressure today amidst a sea of red UK data this morning. Retail Sales were seen contracting 0.7% last month, down sharply from...

Brent Oil is at a Crossroads: What’s Next?
Brent Oil is at a Crossroads: What’s Next?

The price of Brent oil remains at the supporting level of 70.50 for now. The chart below shows the clear bullish sentiment. It means that the price of this asset might potentially rise first. After...

USDJPY H1| Bearish Reversal
USDJPY H1| Bearish Reversal

TitleUSDJPY H1| Bearish ReversalTypeBearish Reversal Preference:The price is moving toward the pivot level of 154.76, an overlap resistance close to 38.2% Fibo retracement. A reversal at this level...