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Forex

Daily Market Outlook, November 6, 2023
Daily Market Outlook, November 6, 2023

Daily Market Outlook, November 6, 2023Munnelly’s Market Commentary… Asia -  stocks traded higher across the board, benefiting from post-NFP momentum from Wall Street on Friday. Additionally, South...

GBPJPY H4 | Bearish reversal off 78.6% fibo?
GBPJPY H4 | Bearish reversal off 78.6% fibo?

TitleGBPJPY H4 | Bearish reversal off 78.6% fibo?TypeBearish ReversalPreference:Price is rising towards our pivot point at 185.7, which is a swing high resistance level, slightly above the 78.6% fibo...

USDCHF H4 | Bullish bounce off 78.6% fibo?
USDCHF H4 | Bullish bounce off 78.6% fibo?

TitleUSDCHF H4 | Bullish bounce off 78.6% fibo?TypeBullish BouncePreference:Price is falling to our pivot point at 0.8945, which is a pullback support level, aligning with the 78.6% fibo retracement....

EURJPY Breaking Out on BOJ Comments
EURJPY Breaking Out on BOJ Comments

JPY Falling FurtherThe Japanese Yen is weakening across early trading on Monday following the latest comments from BOJ governor Ueda today. Speaking a few hours ago, Ueda signalled that the prospect...

GBPUSD H4 | Reacting off swing high?
GBPUSD H4 | Reacting off swing high?

TitleGBPUSD H4 | Reacting off swing high?TypeBearish ReversalPreference:The price is rising toward our pivot point of 1.2224, which serves as a swing-high resistance level aligning with the 127.2%...

EURJPY H4 | Bullish bounce off 61.8% fibo?
EURJPY H4 | Bullish bounce off 61.8% fibo?

TitleEURJPY H4 | Bullish bounce off 61.8% fibo?TypeBullish BouncePreference:Price created a lower high and could potentially fall to our pivot point at 158.98, which is an overlap support level,...

Daily Market Outlook, November 3, 2023
Daily Market Outlook, November 3, 2023

Daily Market Outlook, November 3, 2023Munnelly’s Market Commentary… Asia -  stocks experienced gains as they followed the upward movement in global markets. This rise came after the Bank of England...

Hawkish ECB Comments Boost EURUSD
Hawkish ECB Comments Boost EURUSD

EUR Higher on ThursdayThe Euro is catching a bid today on the back of comments from ECB’s Schnabel yesterday. Following on from the ECB holding rates unchanged this month, Schnabel warned that it is...

GBPUSD Rallies on BOE's 'Hawkish Hold'
GBPUSD Rallies on BOE's 'Hawkish Hold'

Bailey Holds SteadyGBP is starting the day in a more muted fashion, on the back of the November BOE meeting yesterday. The Pound was seen firmly higher through Thursday trading as traders digested a...