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Forex

Bullish Rebound
Bullish Rebound

TitleBullish ReboundTypeBullish BreakoutPreference:Price is rising towards the pivot point of 99.77 and we could potentially see momentum carry price up to its 1st resistance at 100.64 which is a...

USD Reacts to Mixed Inflation Data: Eyes on ECB Meeting
USD Reacts to Mixed Inflation Data: Eyes on ECB Meeting

The US Dollar is currently undergoing a knee-jerk reaction, with traders making slight adjustments to their Greenback positions following the release of the hot Consumer Price Index data from...

S&P500 Forecast: Potential Correction Underway!
S&P500 Forecast: Potential Correction Underway!

American stock index S&P500 keeps heading up. Currently, the price of this asset remains at the level of 5245. It might slightly rise in the future. However, the asset’s price is likely to undergo...

Daily Market Outlook, April 10, 2024
Daily Market Outlook, April 10, 2024

Daily Market Outlook, April 10, 2024Munnelly’s Macro Minute…“All Eyes On US Inflation For The Next Move In Markets”On Wednesday, Asian stocks traded higher despite Fitch's rating downgrade of...

US Inflation Jolts Markets: USD Dominance on the Rise
US Inflation Jolts Markets: USD Dominance on the Rise

Today's market landscape saw the EUR/USD pair maintaining a subdued stance around the 1.0850 mark, as investors held their breath ahead of the eagerly awaited release of the US CPI. The BLS...

US Dollar Eyes Exceptionalism Amidst Strong NFP and the Fed's Hawkish Stance
US Dollar Eyes Exceptionalism Amidst Strong NFP and the Fed's Hawkish Stance

The US Dollar opens the week on a bullish note, propelled by robust gains during both the Asian and European trading sessions. Bolstered by a stellar US Nonfarm Payrolls report last Friday, where job...

Approaching Pullback Resistance
Approaching Pullback Resistance

TitleApproaching Pullback ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.6615 which is a pullback resistance level and could potentially reverse from here; we...

AUDUSD Breakout Trade Still on Watch
AUDUSD Breakout Trade Still on Watch

Aussie Pushing HigherThe Aussie Dollar continues to push higher today as risk-on trades benefit from a weaker USD ahead of tomorrow’s CPI data. The Aussie has bounced firmly off the .6520 level,...

Silver Hits New 2024 Highs Ahead of US CPI
Silver Hits New 2024 Highs Ahead of US CPI

XAG Rally ContinuesSilver prices are continuing to push higher this week with silver futures breaking out to fresh highs for the year today. The market has been well supported in recent weeks, drawing...