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Forex

Daily Market Outlook, March 1, 2024
Daily Market Outlook, March 1, 2024

Daily Market Outlook, March 1, 2024Munnelly’s Market Minute…“The Nikkei Opens The New Month With A Surge To Record Highs”The new month starts with Japan's Nikkei Average hitting a new high above...

Dollar Boosted By PCE Data
Dollar Boosted By PCE Data

Core PCE RisesThe US Dollar is catching a bid ahead of the weekend following yesterday’s data. The core PCE price index was seen rising to 0.4% from the prior month’s 0.1% reading. Given that the data...

GBPJPY H4 | Bearish Drop
GBPJPY H4 | Bearish Drop

TitleGBPJPY H4 | Bearish DropTypeBearish DropPreference:Price is currently at the pivot point of 189.87, an overlap resistance. A reverse from this level could lead the price to fall to 1st support at...

EURUSD H4 | Bullish Rise
EURUSD H4 | Bullish Rise

TitleEURUSD H4 | Bullish RiseTypeBullish BouncePreference:Price is falling toward the pivot point of 1.0782, a pullback support level. A reverse from this level could lead the price to rise to 1st...

USDJPY H4 | Bearish Breakout
USDJPY H4 | Bearish Breakout

TitleUSDJPY H4 | Bearish BreakoutTypeBearish DropPreference:Price is currently at the pivot point of 149.84, a multi-swing low support level. A breakout from this level could lead the price to fall to...

Pound Sterling Steadies Amidst US Core PCE Data Anticipation
Pound Sterling Steadies Amidst US Core PCE Data Anticipation

During Thursday's European trading session, the Pound Sterling displayed a cautious performance against the US Dollar, showing modest declines as market attention remained fixed on the eagerly...

EURUSD H4 | Potential bearish reversal
EURUSD H4 | Potential bearish reversal

TitleEURUSD H4 | Potential bearish reversalTypeBearish DropPreference:Price is currently at the pivot point of 1.0832, an overlap resistance level. A reverse from this level could lead the price to...

USDCAD Higher Ahead of Key Data Releases
USDCAD Higher Ahead of Key Data Releases

Loonie on WatchUSDCAD is pushing higher today, with the pair testing above the bear trendline and prior 2024 highs, despite the weakness in USD. Concerns over the sustainability of the current risk...

Potential Bullish Reversal
Potential Bullish Reversal

TitlePotential Bullish ReversalTypeBullish BouncePreference:Price is falling towards the pivot point of 1.35633 which is an overlap support that aligns close to the 23.6% Fibonacci retracement level...