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Forex

GBPUSD Holding Near Highs Ahead of BOE Tomorrow
GBPUSD Holding Near Highs Ahead of BOE Tomorrow

BOE OutlookGBPUSD is holding near recent highs today ahead of the BOE meeting tomorrow. The BOE is widely expected to hike rates a further .25% on the back of recent CPI data which showed inflation...

USDJPY H4 | React off resistance level
USDJPY H4 | React off resistance level

TitleUSDJPY H4 | React off resistance levelTypeBearish ReversalPreference:Price is currently at our pivot point of 135.368 which is an overlap resistance level that lines up with 38.2% Fibonacci...

Daily Market Outlook, May 10, 2023
Daily Market Outlook, May 10, 2023

Daily Market Outlook, May 10, 2023Asian equity markets maintained a muted tone overnight, mostly in the red after a lacklustre handover from Wall Street, where Fed officials comments were deemed more...

Dollar Index Dips While EURUSD Climbs Following US Inflation Report
Dollar Index Dips While EURUSD Climbs Following US Inflation Report

The dollar took a nearly half-percent dip, while EURUSD climbed above 1.10 following the US inflation report. Market expectations were quite pessimistic ahead of the report, as preliminary data, such...

NZDUSD H4 | Falling to pivot point
NZDUSD H4 | Falling to pivot point

TitleNZDUSD H4 | Falling to pivot pointTypeBullish bouncePreference:Price is falling to our pivot point at 0.63114 which is a pullback support level. A bounce from here, price could push up to 1st...

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EURUSD Downside Risks Grow As Bullish Positioning Stretches

EUR Longs OverextendedThe latest CFTC COT institutional positioning data shows that EUR traders continued to add to longs in the week ending May 2nd. With this latest increase, EUR is the most...

Fed's June Rate Hike Gains Credibility as NFP Report Highlights Inflation Risks
Fed's June Rate Hike Gains Credibility as NFP Report Highlights Inflation Risks

The NFP report released on Friday has transformed the perception of a rate hike by the Federal Reserve in June from unrealistic to tangible possibility. Strong inflation risks emerged from the data,...

Daily Market Outlook, May 9, 2023
Daily Market Outlook, May 9, 2023

Daily Market Outlook, May 9, 2023Asian equity markets traded with a mixed tone overnight after a subdued handover from Wall Street, the much anticipated Senior Loan Officers Opinion data suggested...

USDCHF H1 | React off 61.8%
USDCHF H1 | React off 61.8%

TitleUSDCHF H1 | React off 61.8%TypeBearish ReversalPreference:Price is approaching our pivot at 0.893 which is a pullback resistance level that lines up with 61.8% Fibonacci retracement. A reverse...