Stocks Slip On Powell Rates Comments While Yellen Notes Fading Recession Risks
Powell Says Further Hikes LikelyUS markets ended the day lower yesterday and are on course for a negative week. The conclusion from Powell’s two-day testimony at the Senate is that further hikes are...
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...
EURUSD H4 | Bounce off support level
TitleEURUSD H4 | Bounce off support levelTypeBullish BouncePreference:Price is falling towards our pivot point of 1.09083 which is an overlap resistance. A reverse from here, price could rally to 1st...
USDJPY H4 | Reversal from 23.6% Fibo
TitleUSDJPY H4 | Reversal from 23.6% FiboTypeBullish BouncePreference:Price could fall towards the pivot point of 142.262 and potentially reverse from here; we could see momentum carry price up to its...
Silver Sitting on Key Support Ahead of US PMIs
Silver Under PressureThe latest round of US PMI readings will be in focus today. An uptick in USD has put fresh pressure on metals with silver prices now down around 10% from the month’s highs....
BCOUSD H4 | Bearish Moementum
TitleBCOUSD H4 | Bearish MoementumTypeBearish DropPreference:Price is experiencing strong bearish momentum from the pivot point of 73.841 and could fall further towards the 1st support at...
NZDUSD H4 | Potential Bounce off support
TitleNZDUSD H4 | Potential Bounce off supportTypeBullish BouncePreference:Price is falling to our pivot point of 0.61144 which is a pullback support level that aligns with a 50% and 61.8% Fibo...
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
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...
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