Daily Market Outlook, May 31, 2023Most Asian equity markets traded lower as they took cues from a mixed handover from Wall Street. Investor sentiment was clouded by opposition to the debt ceiling bill...
NZDUSD H4 | Rising into 23.6% Fibo resistance
TitleNZDUSD H4 | Rising into 23.6% Fibo resistanceTypeBearish ReversalPreference:Price could approach the pivot point of 0.60919 and potentially reverse from here; we could see momentum carry price...
USDCHF H4 | React off resistabce level
TitleUSDCHF H4 | React off resistabce levelTypeBearish ReversalPreference:Price is approaching our pivot point of 0.90983 which is an overlap resistance level. A reverse from here, price could fall to...
Upbeat US Data Warns about Premature Dollar Shorts
European currencies and gold embarked on a modest upside technical pullback as discussed yesterday:In the EURUSD pair, there was a false breakdown of the horizontal support at 1.07 during the last...
USDJPY On Watch As Emergency JPY Meeting Called
Emergency Meeting Called JPY traders are on high alert after news that Japanese authorities will conduct an emergency meeting today over recent Yen weakness. The Ministry of Finance, Bank of Japan and...
Daily Market Outlook, May 30 , 2023
Daily Market Outlook, May 30 , 2023Despite positive developments in the US debt ceiling negotiations, the risk sentiment remained cautious during the Asian trading session. President Biden and House...
USDJPY H4 | Pulling back to overlap support
TitleUSDJPY H4 | Pulling back to overlap supportTypeBullish BouncePreference:Price is approaching the pivot point of 140.072 and could potentially reverse from here, we could see momentum carry price...
USDCAD H4 | Bounce off 50% Fibo
TitleUSDCAD H4 | Bounce off 50% FiboTypeBullish BouncePreference:Price is dropping to our pivot point of 1.35619 which is a pullback support that aligns with a 50% Fibonacci retracement. A bounce ...
US Data Surprises on the Upside, Confirming Fed Concerns about Inflation Rebound
Core PCE for April confirmed market concerns that consumer inflation in the US is accelerating again:Overall, it is not surprising as top Federal Reserve officials complained about sustained high...
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