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EUR Rallying EUR is pushing firmly higher on the back of the June ECB meeting yesterday. The single currency spiked in response to a decidedly hawkish meeting from the bank. Yesterday I outlined that the bar was set very high for the ECB in terms of delivering an upside reaction in EUR and it seems […]

TitleGBPJPY week | Potential bearish reversal TypeBullish Bounce Preference: Price is currently at our pivot point of 180.581 which aligns with a 78.6% Fibo retracement. A reverse from here, price could fall to 1st support at 171.87 which is a pullback support level.  Alternative scenario:However, if price breaks above the pivot, it could rally to […]

EURUSD, “Euro vs US Dollar” EURUSD has secured above the upper border of the bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0895 is expected, followed by a rise to 1.1035. An additional signal confirming the rise will be a rebound from […]

EURUSD, “Euro vs US Dollar” The currency pair failed to break the level of 1.0800 downwards. The market got support at this level and started developing a new wave of growth to 1.0990. Today a rise to 1.0960 looks possible, followed by a decline to 1.0900. Next, an increase to 1.1000 is expected, from where […]

ECB Up Next Following on from the Fed yesterday, focus today turns to the ECB. In line with previous signalling and recent commentary, the bank is widely expected to press ahead with a further .25% rate hike. As such, the bigger focus will be on the guidance the bank issues and how it signals the […]

Factory Output Falls The latest data out of China overnight has given more cause for concern over the health of the world’s second largest economy. Industrial production was seen rising just 3.5% last month, down sharply from the 5.6% output seen over the prior month. This marks the slowest level of factory output since February […]