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Forex

EUR Falls As ECB Removes Commitment on Rates

ECB Pivots on RatesYesterday’s ECB meeting was a tricky event for EUR bulls. With long positions overextended ahead of the meeting and a smaller .25% rate hike well baked into price, it was going to...

Daily Market Outlook, May 5, 2023

Daily Market Outlook, May 5, 2023Asian equity markets are in general hugging the flatline in holiday thinned trade with Japan offline, the handover from Wall Street was again less than convincing,...

FOMC Indicates Possible Pause in Interest Rate Hikes, ECB Raises Rates Amid Inflation Concerns

The FOMC meeting on Wednesday indicated that the Fed is very close to announce a pause and the range-bound response in Treasury yields suggests that there was no significant shift in rate...

USDJPY H1 | Bounced off 1st support

TitleUSDJPY H1 | Bounced off 1st supportTypeBullish BreakoutPreference:Price is currently at our pivot 134.47 which is a pullback support level that lines up with 78.6% Fibonacci retracement. A bounce...

Daily Market Outlook, May 4, 2023

Daily Market Outlook, May 4, 2023As widely expected the US Federal Reserve raised interest rates by 25bps at their meeting last night, in his press conference the Fed Chief Powell was reticent about...

EUR/USD is at a Critical Crossroads: What’s Next?

The price of the currency pair EUR/USD keeps moving within the resistance area formed between the levels 1.1000 and 1.1075. Let’s observe when the asset price will exit this zone and make the next...

Hawkish Risks Into Today's ECB Meeting

Traders Brace For ECBToday’s ECB meeting holds the potential to create plenty of fireworks. On the back of the Fed signalling a pause along with yesterday’s .25% hike, the ECB is expected to push...

EURJPY Testing Key Support Ahead of ECB

EURJPY CorrectionEURJPY is at a critical juncture ahead of the ECB meeting today. Following a breakout above the 148.37 level last week, price has since reversed from highs above 152 and is now...

GBPUSD H4 | Potential bounce off support

TitleGBPUSD H4 | Potential bounce off supportTypeBullish BouncePreference:Price is approaching our pivot point of 1.25417 and potentially reverse from here, we could see momentum carry price up to its...