Daily Market Outlook, April 24, 2023Asian equity markets started the week with a cautious tone ahead of a round of headline risk, with US tech heavyweights set to report earnings and Friday’s Bank of...
Follow The Flow: GBPCAD Testing Key Resistance
Retail Heavily Short GBPCADThe retail market is holding a large short position in GBPCAD, currently around 80%, making it a strong candidate to monitor for long opportunities. GBP has been stronger...
USDCAD H4 | Potential bounce from support
TitleUSDCAD H4 | Potential bounce from supportTypeBullish BouncePreference:Price is approaching our pivot point of 1.35166 and potentially reverse from here, we could see momentum carry price up to...
Market Spotlight: JPY Falls On Dovish BOJ Comments
Ueda Reaffirms Need For BOJ EasingDespite a soft for risk assets, JPY has come under pressure on Monday offsetting safe-haven inflows. The fall comes in response to comments from new BOJ chief Ueda...
Eurozone & UK PMIs See Big Factory Sector Declines
Mixed Data Poses Questions For Economic OutlookThe latest set of UK and eurozone PMI readings released today offered mixed views over the economic outlook for both. Service sector readings for both...
EURUSD H4 | Falling to support
TitleEURUSD H4 | Falling to supportTypeBullish BouncePreference:Price is failing to reach our pivot point at 1.09127 which is an overlap support level and lines up with 61.8% Fibonacci retracement....
Market Movers: GBP Falls On Negative Retail Sales
Retail Sales Slide in March GBP is under pressure today on the back of a negative set of UK retail sales released this morning. March retail sales came in at -0.9%, down sharply from the prior month’s...
USDCAD H4 | Potential reverse from 50% Fibo
TitleUSDCAD H4 | Potential reverse from 50% FiboTypeBearish ReversalPreference:Price is nearing our pivot at 1.35579 which is an overlap resistance level that lines up with 50% Fibonacci retracement....
Follow The Flow: GBPCHF Testing Key Support
GBP Falls on Soft UK DataGBPCHF is on watch today with the retail market holding a more than 80% long position in the pair. We’ve been trending lower since the early April highs and the current...
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