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Forex

Hawkish Hold From RBNZ Drives Kiwi Volatility

NZD Spikes HigherThe New Zealand Dollar was among the big winners yesterday as USD reversed lower. NZDUSD traded to its highest level since August earlier today before selling kicked in to fuel a...

US Dollar Under Pressure: Analyzing the Impact of the Fed Statements

The statements made by the Fed officials on Tuesday prompted a mild sell-off of the dollar. At the beginning of Wednesday, the US Dollar Index (DXY) tested the 102.50 area, but during the day, it...

EURJPY H4 Bullish Bounce

TitleEURJPY H4 Bullish BounceTypeBullish BouncePreference:The current price is moving toward the pivot, swing low support at 161.442. Price could bounce off pivot and move to 1st resistance a pullback...

EUR/USD H4 I Falling to support level?

TitleEUR/USD H4 I Falling to support level?TypeBearish DropPreference:The price is falling from our pivot point of 1.099,  A reverse from this point could lead the price to fall to the 1st support at...

Dollar Drops On Dovish Fed Speak - GDP Next

DXY PlungesThe US Dollar was seen plunging to its lowest level since early August yesterday as traders digested the latest Fed commentary. Fed’s Waller commented yesterday that he was encouraged by...

Is GBPJPY bouncing off pivot line?

TitleIs GBPJPY bouncing off pivot line?TypeBullish BouncePreference:After pulling back from the first resistance, the current price is moving toward the pivot point. Price may bounce off the pivot and...

ECB Comments Keeping EURUSD Supported

Euro Holds Near HighsEURUSD is hovering around 3-month highs today as USD weakness keeps the pair underpinned for now. Yesterday, a slew of ECB commentary helped further support the single currency...

Daily Market Outlook, November 28, 2023

Daily Market Outlook, November 28, 2023Munnelly’s Market Commentary… Asia - As the corporate month concludes, stocks in the Asia-Pacific region displayed a mixed performance, influenced by a lower...

EURUSD at Crossroads Amid Economic Signals and Central Bank Developments

The EURUSD is approaching the 1.10 level, but a decisive upward breakthrough requires a change in the yield spread of short-term bonds between U.S. Treasuries and Eurozone securities. Despite the Euro...