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EUR Under Pressure As PMI Misses Amplify Growth Fears

EUR Slides on Weak PMIsEURUSD has come under heavy selling pressure today in response to the latest wave of eurozone PMI data released this morning. Weakness across French and German readings, as well...

Risk Appetite Plummets as Powell’s Hawkish Tone Rattles Financial Markets
Risk Appetite Plummets as Powell’s Hawkish Tone Rattles Financial Markets

Despite the European Central Banks' decision to raise rates further, which theoretically should have benefited European currencies due to the widening interest rate differential, investor...

GBPUSD Falls As BOE Hikes Rates to 5%
GBPUSD Falls As BOE Hikes Rates to 5%

BOE Hikes AgainThe BOE took the bull by the horns yesterday and hiked rates by a further .5%, taking the headline UK interest rate up to 5%, its highest level in 13 years. The move comes on the back...

GBPUSD H1 | React off 1st resistance
GBPUSD H1 | React off 1st resistance

TitleGBPUSD H1 | React off 1st resistanceTypeBullish BreakoutPreference:Price is  approaching our pivot point of 1.27699 which is an overlap resistance level. If it reverse from here, price could fall...

Daily Market Outlook, June 22, 2023
Daily Market Outlook, June 22, 2023

Daily Market Outlook, June 22, 2023Munnelly’s Market Commentary… Asian equity markets traded mostly lower as market participants reacted to the tech-driven declines on Wall Street. Investors were also...

USDCAD H4 | Bounce off from Fibo confluence
USDCAD H4 | Bounce off from Fibo confluence

TitleUSDCAD H4 | Bounce off from Fibo confluenceTypeBullish BouncePreference:Price is falling towards our pivot point of 1.31165 which aligns with   -27.2% Fibo expansion and 161.8% Fibo extension,...

EURUSD H4 | potential reverse from resistance
EURUSD H4 | potential reverse from resistance

TitleEURUSD H4 | potential reverse from resistanceTypeBearish ReversalPreference:Price is approaching our pivot point of 1.09988, which represents an overlap resistance. This level aligns with the...

EURUSD Pushing Higher As USD Falls After Powell Speech
EURUSD Pushing Higher As USD Falls After Powell Speech

USD Weakens on Powell CommentsEURUSD is pushing higher today against a backdrop of USD weakness following Powell’s semi-annual testimony at Congress yesterday. Speaking at the Senate Banking...

Still-Hot UK Inflation Raises Risks of Hawkish BOE Surprise
Still-Hot UK Inflation Raises Risks of Hawkish BOE Surprise

 Hawkish RisksThe big focus in FX markets today will be the June Bank of England meeting. The BOE had been tipped to hike rates by a further .25%, marking the 13th consecutive rate hike and the...