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Forex

Daily Market Outlook, October 2, 2023
Daily Market Outlook, October 2, 2023

Daily Market Outlook, October 2, 2023Munnelly’s Market Commentary… Asian equity markets saw mixed trading as the region was significantly affected by holiday closures. The Nikkei 225 initially showed...

Dollar Resumes Rally as Euro Faces Pressure Amid Global Market Developments
Dollar Resumes Rally as Euro Faces Pressure Amid Global Market Developments

The dollar has resumed its rally after a pullback to the 105.50 area in the second half of last week amid a bullish retracement in the stock market, largely driven by profit-taking actions. The dollar...

GBPUSD Day | Reacting off resistance?
GBPUSD Day | Reacting off resistance?

TitleGBPUSD Day | Reacting off resistance?TypeBearish ReversalPreference:The price is rising toward the pivot point at 1.23125, which is a pullback resistance level.  A reversal from this point could...

USDCAD Turns Lower Ahead of US/CAD Data Flow
USDCAD Turns Lower Ahead of US/CAD Data Flow

USDCAD Heavily SoldUSDCAD is trading firmly lower today as the weakness in USD finds an easy match up with the strong Canadian Dollar. CAD has been one of the best performing currencies recently due...

Eurozone CPI Falls Sharply in August
Eurozone CPI Falls Sharply in August

 EZ CPI Drops SharplyThe latest round of eurozone CPI figures made for better reading for the ECB today. Headline CPI was seen cooling to 4.3% last month, down from 5.2% prior and below the 4.5% the...

Daily Market Outlook, September 29, 2023
Daily Market Outlook, September 29, 2023

Daily Market Outlook, September 29, 2023Munnelly’s Market Commentary… Asian equity markets took their cues from Wall Street, which showed positive momentum as yields and oil prices declined from...

GBPJPY H4 | Bearish reaction off 127.2% fibo?
GBPJPY H4 | Bearish reaction off 127.2% fibo?

TitleGBPJPY H4 | Bearish reaction off 127.2% fibo?TypeBearish ReversalPreference:Price is hovering below our pivot point at 182.66, which is a pullback resistance level, aligning with the 127.2% fibo...

Dollar Retracement Amid Shifting Market Dynamics: A Technical Outlook
Dollar Retracement Amid Shifting Market Dynamics: A Technical Outlook

On Thursday, the dollar finally took a step back, but the rebound of its major rivals looks more like a technical retracement, as the fundamental picture hasn't changed much. The American...

AUDUSD H4 | Rising into 50% Fibo
AUDUSD H4 | Rising into 50% Fibo

TitleAUDUSD H4 | Rising into 50% FiboTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.63991 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement...