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Forex

CAD Soars On Surprise BOC Rate Hike
CAD Soars On Surprise BOC Rate Hike

BOC Hikes AgainThe Bank of Canada yesterday caught markets somewhat off-guard as it announced a fresh rate hike, the first since pausing its tightening campaign in January. The BOC hiked rates from...

AUDJPY H4 |  Reversal from 23.6% Fibo
AUDJPY H4 |  Reversal from 23.6% Fibo

TitleAUDJPY H4 |  Reversal from 23.6% FiboTypeBullish BouncePreference:Price is falling towards the pivot point of 92.65 and could potentially reverse from here; we could see momentum carry price up...

CAD Rallying Ahead of BOC Rate Decision
CAD Rallying Ahead of BOC Rate Decision

BOC on WatchToday’s BOC meeting is drawing plenty of attention, particularly on the back of recent unexpected interest rate hikes from the RBA. While the BOC has been on hold since its last .25% hike...

EURUSD H4 | Bounce off support level
EURUSD H4 | Bounce off support level

TitleEURUSD H4 | Bounce off support levelTypeBullish BouncePreference:Price is approaching our pivot point of 1.0634 which is swing low support. A bounce off from here, price could rally to 1st...

Daily Market Outlook, June 07, 2023
Daily Market Outlook, June 07, 2023

Daily Market Outlook, June 07, 2023Munnelly’s Market Commentary… Asian equity markets experienced mixed trading on the back of positive momentum from Wall Street, where the S&P 500 achieved its...

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GBP Weaker As OECD Forecasts UK Growth Disappointment

OECD Raises UK Growth Forecasts... SlightlyThe latest set of forecasts from the OECD makes pretty dim reading for the UK. The economy is set to suffer the second-worst performance of the G7 this year,...

EURJPY H4 | Bounce off 50% Fibo
EURJPY H4 | Bounce off 50% Fibo

EURJPY H4 | Bounce off 50% FiboTypeBullish BouncePreference:Price is falling towards the pivot point of 148.565 and could potentially reverse from here; we could see momentum carry price up to its 1st...

USDJPY H4 | Bullish bounce from overlap support
USDJPY H4 | Bullish bounce from overlap support

TitleUSDJPY H4 | Bullish bounce from overlap supportTypeBullish BouncePreference:Price is approaching the pivot point of 138.748 and could potentially reverse from here; we could see momentum carry...

Dollar index: Bearish channel keeps short-term buying pressure in check
Dollar index: Bearish channel keeps short-term buying pressure in check

The dollar upturn eventually lost steam yesterday as there was no significant correction in risk assets following new local high in the S&P 500. The dollar index (DXY) dipped below 104 points:A...