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Forex

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...

Aussie Soars on Second Surprise RBA Hike

Lowe Lifts Off AgainThe RBA caught markets by surprise once again last night as it lifted its headline cash rate by a further .25% from 3.85% to 4.10%. The move marks the second such unexpected hike...

USDCAD H4 | Bounce from overlap support

TitleUSDCAD H4 | Bounce from overlap supportTypeBullish BouncePreference:Price is approaching the pivot point of 1.33956 and could potentially reverse from here; we could see momentum carry price up...

NZDUSD H4 | Bearish reversal from 38.2% Fibo

TitleNZDUSD H4 | Bearish reversal from 38.2% FiboTypeBearish ReversalPreference:Price could approach the pivot point of 0.61123 and potentially reverse from here; we could see momentum carry price...

Daily Market Outlook, June 06, 2023

Daily Market Outlook, June 06, 2023Munnelly’s Market Commentary… Asian equity markets had a mixed trading session overnight, with price action mostly range bound. The subdued performance on the Wall...

ECB Warns Higher Rates Needed As Inflation Still Too High

Lowe Lifts Off AgainThe RBA caught markets by surprise once again last night as it lifted its headline cash rate by a further .25% from 3.85% to 4.10%. The move marks the second such unexpected hike...

The greenback rally of May faces test at critical level

The dollar rally of May has been facing difficulties since the beginning of the month. Despite a decent unemployment report, the situation did not favor buyers. The focus is on the story that the...

AUDUSD H4 | Potential bounce off 38.2%

TitleAUDUSD H4 | Potential bounce off 38.2%TypeBullish BouncePreference:Price is testing our pivot point at 0.65747 that aligns with a 38.2% Fibonacci retracement. A bounce off from here, price could...

GBPUSD H4 | Potential bearish breakout

TitleGBPUSD H4 | Potential bearish breakoutTypeBearish BreakoutPreference:Price could break through pivot point of 1.24241 and potentially drop further from here; we could see momentum carry price...