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Forex

EURJPY H4 | Bullish bounce off pivot?
EURJPY H4 | Bullish bounce off pivot?

TitleEURJPY H4 | Bullish bounce off pivot?TypeBullish BouncePreference:Price has been ranging the past few weeks, and could continue to range from our pivot point at 156.76, to the 1st resistance at...

USDJPY H4 | Falling to support level?
USDJPY H4 | Falling to support level?

TitleUSDJPY H4 | Falling to support level?TypeBearish ReversalPreference:Price has just reacted off our pivot point of 149.729, which serves as a swing-high resistance level. A reversal from this...

USDJPY Nearing 2022 Highs Despite BOJ Tightening Talk
USDJPY Nearing 2022 Highs Despite BOJ Tightening Talk

JPY Sell-Off ContinuesUSDJPY is trading at 11-month highs following early buying in the European session on Monday. The market is now fast approaching a test of the 2022 highs around 151.81. Despite...

Daily Market Outlook, October 2, 2023
Daily Market Outlook, October 2, 2023

Daily Market Outlook, October 2, 2023Munnelly’s Market Commentary… Asian equity markets saw mixed trading as the region was significantly affected by holiday closures. The Nikkei 225 initially showed...

Dollar Resumes Rally as Euro Faces Pressure Amid Global Market Developments
Dollar Resumes Rally as Euro Faces Pressure Amid Global Market Developments

The dollar has resumed its rally after a pullback to the 105.50 area in the second half of last week amid a bullish retracement in the stock market, largely driven by profit-taking actions. The dollar...

GBPUSD Day | Reacting off resistance?
GBPUSD Day | Reacting off resistance?

TitleGBPUSD Day | Reacting off resistance?TypeBearish ReversalPreference:The price is rising toward the pivot point at 1.23125, which is a pullback resistance level.  A reversal from this point could...

USDCAD Turns Lower Ahead of US/CAD Data Flow
USDCAD Turns Lower Ahead of US/CAD Data Flow

USDCAD Heavily SoldUSDCAD is trading firmly lower today as the weakness in USD finds an easy match up with the strong Canadian Dollar. CAD has been one of the best performing currencies recently due...

Eurozone CPI Falls Sharply in August
Eurozone CPI Falls Sharply in August

 EZ CPI Drops SharplyThe latest round of eurozone CPI figures made for better reading for the ECB today. Headline CPI was seen cooling to 4.3% last month, down from 5.2% prior and below the 4.5% the...

Daily Market Outlook, September 29, 2023
Daily Market Outlook, September 29, 2023

Daily Market Outlook, September 29, 2023Munnelly’s Market Commentary… Asian equity markets took their cues from Wall Street, which showed positive momentum as yields and oil prices declined from...