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Forex

Brent Oil Forecast: Potential Price Rise Ahead
Brent Oil Forecast: Potential Price Rise Ahead

Last week the price of Brent oil formed the bearish trap and broke the supporting zone formed between levels 71.50 and 72.50. However, the price of this asset rebounded to the broken supporting zone...

Euro Shows Mixed Signals Amid ECB Rate Cut; Pound Gains on BoE Outlook
Euro Shows Mixed Signals Amid ECB Rate Cut; Pound Gains on BoE Outlook

The Euro has been exhibiting a mixed performance recently. The European Central Bank opted to cut its Rate on Deposit Facility by 25 basis points to 3.50%, a move that was largely anticipated....

GBPUSD H4 | Bullish Rise
GBPUSD H4 | Bullish Rise

TitleGBPUSD H4 | Bullish RiseTypeBullish RisePreference:price is falling to the pivot of 1.3102, a pullback support close to the 38.2% Fibo retracement. A reverse from this level could lead the price...

Daily Market Outlook, September 16, 2024
Daily Market Outlook, September 16, 2024

Daily Market Outlook, September 16, 2024 Munnelly’s Macro Minute…"Secret Service Averts Second Assassination Attempt On Trump”On Sunday, the Secret Service prevented what the FBI described as an...

EURJPY H1 | Bullish Bounce
EURJPY H1 | Bullish Bounce

TitleEURJPY H1 | Bullish BounceTypeBullish BouncePreference:price has just bounced off to the pivot of 155.81, a multi swing low  support. A bounce  from this level could lead the price to rise to 1st...

GBPUSD H4 | Bearish Reversal
GBPUSD H4 | Bearish Reversal

TitleGBPUSD H4 | Bearish ReversalTypeBearish ReversalPreference:price is currently at the pivot of 1.3147, a pullback resistance close to 61.8% Fibo retracement. A reverse from this level could lead...

US Dollar Faces Selling Pressure Amid Soft US PPI, Fed Speculation
US Dollar Faces Selling Pressure Amid Soft US PPI, Fed Speculation

The US Dollar is under considerable selling pressure on Friday, driven by the soft US Producer Price Index (PPI) data and heightened expectations of a Federal Reserve pivot. The PPI data, which came...

USDCHF H4 | Bullish Bounce
USDCHF H4 | Bullish Bounce

TitleUSDCHF H4 | Bullish BounceTypeBullish BouncePreference:price is falling to the pivot of 0.8481, a pullback support close to 50% Fibo retracement. A reverse from this level could lead the price to...

EURUSD H4 | Bearish Drop
EURUSD H4 | Bearish Drop

TitleEURUSD H4 | Bearish DropTypeBearish Drop Preference:price is currently at the pivot of 1.1091, a pullback resistance close to 61.8% Fibo retracement. A reverse from this level could lead the...