Latest Market News
Market sentiment continues to ride high, buoyed by persistent expectations of a Federal Reserve rate cut in the June policy meeting. This sentiment found reinforcement after the release of the US Employment report last Friday, which revealed softened wage growth coupled with a higher Unemployment Rate. The US Dollar embarked on the week with a […]
EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a decline wave towards 1.0914. A correction link to 1.0941 is expected today. Practically, the market has set the frames for a consolidation range. With a downward escape from the range, the decline wave could extend to 1.0888. And with a breakout of this level […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the indicator’s signal lines. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0905 is expected, followed by a rise to 1.1075. An additional signal confirming the rise might be a rebound from the lower boundary […]
Daily Market Outlook, March 11, 2024 Munnelly’s Macro Minute… “Markets Cautious Ahead Of US Inflation Data” Across Asia, most equity indices experienced declines amid speculation that the Bank of Japan might soon raise interest rates. Economic expansion in Japan picked up speed in the last quarter, raising expectations that the Bank of Japan may raise […]
TitleEURUSD H1 | Bearish Drop TypeBearish Drop Preference:Price is currently at the pivot point of 1.0939, an overlap resistance. A drop from this level could lead the price to fall to 1st support at 1.0902, a pullback support level Alternative scenario:If the price breaks above the pivot, it could rise to 1st resistance at 1.0981, […]
The Japanese yen has strengthened against the US dollar, reaching its highest level of the month. The current USDJPY exchange rate stands at 146.98. The main driver behind the yen’s strength is the potential for the Bank of Japan to raise interest rates soon, given the positive trends in inflation and wages. Board Member Junko […]