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Technical Analysis

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...

Crude Futures Soften Ahead of EIA Inventories
Crude Futures Soften Ahead of EIA Inventories

EIA On WatchCrude oil prices are a little softer today ahead of the latest EIA inventories release due later. Last week, the EIA reported a larger-than-forecast inventories surplus, reflecting weaker...

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...

GBP Sinks on Fresh CPI Surge
GBP Sinks on Fresh CPI Surge

GBP Under PressureGBPUSD has come under fresh selling pressure today as the latest round of UK inflation data failed to inspire optimism. UK CPI in May was seen printing 8.7% on the headline reading...

BTCUSD H4 | Bullish momentum
BTCUSD H4 | Bullish momentum

TitleBTCUSD H4 | Bullish momentumTypeBullish BouncePreference:Price has hit the pivot point of 26176.56 and reversed from here; we could see momentum carry price up to its 1st resistance of...

USDCAD H4 | Potential bearish reversal
USDCAD H4 | Potential bearish reversal

TitleUSDCAD H4 | Potential bearish reversalTypeBearish ReversalPreference:Price is heading towards our pivot point of 1.32772 which is a pullback resistance that aligns with a 61.8% Fibo retracement....

USDCHF H4 | React off overlap resistance
USDCHF H4 | React off overlap resistance

TitleUSDCHF H4 | React off overlap resistanceTypeBearish ReversalPreference:Price is currently at our pivot point of 0.89923, which represents an overlap resistance. This level aligns with a 50%...

Stocks Soften Ahead of Powell Speech Today
Stocks Soften Ahead of Powell Speech Today

Powell Up NextTraders today are bracing for a fresh set of commentary from Fed chairman Powell. The central bank leader makes his semi-annual testimony at the Senate Baking Committee today and markets...

BCOUSD H4 | Resistance above for crude oil
BCOUSD H4 | Resistance above for crude oil

BCOUSD H4 | Resistance above for crude oilTypeBearish ReversalPreference:Price could approach the pivot point of 77.474 and potentially reverse from here; we could see momentum carry price down to its...