EZ CPI Beats ForecastsThe latest set of eurozone inflation data today told a familiar tale. The flash eurozone CPI estimate for February came in at (headline) 2.6% vs 2.5% expected with core also seen...
Resistance Overhead
TitleResistance OverheadTypeBearish ReversalPreference:Price could rise towards the pivot point of 0.65243 which is an overlap resistance level and potentially reverse from here; we could see momentum...
Daily Market Outlook, March 1, 2024
Daily Market Outlook, March 1, 2024Munnelly’s Market Minute…“The Nikkei Opens The New Month With A Surge To Record Highs”The new month starts with Japan's Nikkei Average hitting a new high above...
Dollar Boosted By PCE Data
Core PCE RisesThe US Dollar is catching a bid ahead of the weekend following yesterday’s data. The core PCE price index was seen rising to 0.4% from the prior month’s 0.1% reading. Given that the data...
GBPJPY H4 | Bearish Drop
TitleGBPJPY H4 | Bearish DropTypeBearish DropPreference:Price is currently at the pivot point of 189.87, an overlap resistance. A reverse from this level could lead the price to fall to 1st support at...
EURUSD H4 | Bullish Rise
TitleEURUSD H4 | Bullish RiseTypeBullish BouncePreference:Price is falling toward the pivot point of 1.0782, a pullback support level. A reverse from this level could lead the price to rise to 1st...
USDJPY H4 | Bearish Breakout
TitleUSDJPY H4 | Bearish BreakoutTypeBearish DropPreference:Price is currently at the pivot point of 149.84, a multi-swing low support level. A breakout from this level could lead the price to fall to...
Pound Sterling Steadies Amidst US Core PCE Data Anticipation
During Thursday's European trading session, the Pound Sterling displayed a cautious performance against the US Dollar, showing modest declines as market attention remained fixed on the eagerly...
EURUSD H4 | Potential bearish reversal
TitleEURUSD H4 | Potential bearish reversalTypeBearish DropPreference:Price is currently at the pivot point of 1.0832, an overlap resistance level. A reverse from this level could lead the price to...
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