USD Slips as ECB's Hawkish Rate Cut Dominates Headlines
The US Dollar took a hit on Thursday, dipping as market players digested the European Central Bank's widely anticipated decision to slice its policy rate by 25 basis points. Despite the rate cut,...
EURUSD H4 | Bullish Bounce
TitleEURUSD H4 | Bullish BounceTypeBullish BouncePreference:Wait for price to pullback at the pivot of 1.0885, a pullback support level. A bounce from this level could lead the price to rise to 1st...
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...
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...
Dollar Steady Amid Calm Before Economic Data Storm
The US Dollar remained steady on Monday following a tranquil weekend devoid of significant geopolitical events. However, this calm is unlikely to persist as the week promises a slew of critical...
USDCAD H4 | Pullback Resistance at 38.2% Fibonacci Retracement
TitleUSDCAD H4 | Pullback Resistance at 38.2% Fibonacci RetracementTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.3655 which is a pullback resistance that aligns with the...
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