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Forex

Traders Brace For The Fed - DXY in Focus
Traders Brace For The Fed - DXY in Focus

Fed in FocusAll eyes today are on the US Dollar as the Fed prepares to deliver its January FOMC decision. While no policy change is expected this time around, traders will be carefully scouting the...

Pound, Euro Remain Confined in Ranges Despite Central Bank Uncertainty
Pound, Euro Remain Confined in Ranges Despite Central Bank Uncertainty

The Pound Sterling faced a decline as investor sentiment turned cautious in anticipation of a bustling week. The GBP/USD pair experienced a gradual fall, with all eyes on the forthcoming interest rate...

EURJPY Testing Key Level As EZ GDP Comes in Flat
EURJPY Testing Key Level As EZ GDP Comes in Flat

EUR Under PressureThe Euro is seeing fresh selling pressure on Tuesday as traders digest the latest data out of the eurozone. One of the big themes which has developed at the start of 2024 is central...

Daily Market Outlook, January 30, 2024
Daily Market Outlook, January 30, 2024

Daily Market Outlook, January 30, 2024Munnelly’s Market Minute…“Eurozone Q4 GDP Eyed”Asian markets saw a mixed trading session with the momentum from Wall St's record highs offset by weakness in...

GBP Slides As Retail Inflation Falls
GBP Slides As Retail Inflation Falls

UK Shop Prices FallBritish consumers will no doubt be cheering the latest data out of the UK today. The BRC shop price index was seen falling to 2.9% in January, down from 4.3% last month. At this...

Daily Market Outlook, January 29, 2024
Daily Market Outlook, January 29, 2024

Daily Market Outlook, January 29, 2024Munnelly’s Market Minute…“China Winds Up Evergrande, Middle East Tensions Rise”Over the weekend, news emerged that China's securities regulator would halt...

Pullback Resistance at 61.8% Fibo
Pullback Resistance at 61.8% Fibo

TitlePullback Resistance at 61.8% FiboTypeBearish ReversalPreference:Price could rise towards the pivot point of 1.27362 which is a pullback resistance that aligns close to the 61.8% Fibonacci...

Daily Market Outlook, January 26, 2024
Daily Market Outlook, January 26, 2024

Daily Market Outlook, January 26, 2024Munnelly’s Market Minute…“China Stimulus Bid Fades”Asian markets have experienced broad declines following a recent period of gains. The negative sentiment...

Euro's Ascension and USD Dynamics: Insights from the ECB and US GDP
Euro's Ascension and USD Dynamics: Insights from the ECB and US GDP

The EURUSD exhibited an upward trajectory, nearing 1.0880 during the European session on Friday. This surge was attributed to the relatively optimistic remarks from ECB members. Gediminas Simkus, an...