Blogs

EURJPY Surges Back to Life Above the 155.40 Support

Forex

<p>Get the 7 Step Checklist Johnathon Fox Uses to Find Every High Probability Price Action Trade</p> <p>The sentiment surrounding the EURJPY pair seems more positive as buyers have started re-entering the market. This has caused price action to rebound from the last line of defense at the 155.40 mark. This appears to be primarily

BOE: How Long Can It Stave Off Cuts?

Forex

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Intraday Analysis – XAU grinds lower

Forex

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USDCHF H4 | Reversing to support level?

Forex

TitleUSDCHF H4 | Reversing to support level?TypeBearish ReversalPreference:Price is reacting off our pivot line at 0.87631, a pullback resistance, and is falling to the 1st support at 0.86884, a swing low supportAlternative scenario:Price could break the pivot line at 0.87631 and rise to the 1st resistance level at 0.88095 a pullback resistanceTo d

GBP Slides on Fresh GDP Drop

Forex

UK GDP Sinks in OctoberThe British Pound has come under fresh selling pressure today on the back of weaker-than-forecast GDP data this morning. October GDP printed -0.3%, down from 0.2% prior and below the -0.1% the market was looking for. On the back of a 0% quarterly reading over Q3, October’s data is a worrying […]

Gold Under Pressure Ahead of FOMC

Forex

Gold Correction ContinuesGold prices are looking vulnerable this week amidst a bout of fresh USD strength ahead of the FOMC later today. Yesterday’s November CPI reading showed that inflation slowed to 3.1% annually from 3.2%, in line with expectations. While still headed in the right direction, the deflationary momentum we’ve seen across recent mo

BCOUSD D1 | Falling to pullback support

Forex

TitleBCOUSD D1 | Falling to pullback supportTypeBullish BouncePreference:Price is falling towards the pivot point of 71.655 which is a pullback support and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 77.899 which is a pullback resistance level.Alternative scenario:If price breaks below the pivo

COP28 Deal Weighs on Crude – Fed Next

Forex

Record Breaking DealCrude oil prices remain under pressure through the middle of the week amidst news of the COP 28 climate deal. The almost 200 nations represented at the  COP28 summit agreed on a record deal to transition away from fossil fuels in a bid to help tackle the increasingly worrying effects of climate change. […]

Daily Market Outlook, December 13, 2023

Forex

Daily Market Outlook, December 13, 2023Munnelly’s Market Minute… Asia – Asia-Pacific stocks traded mixed as investors were cautious ahead of the FOMC announcement. The Nikkei 225 increased modestly thanks to an encouraging Tankan survey, which showed improved sentiment among Japan's large manufacturers and non-manufacturers. On the other

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