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Forex

Daily Market Outlook, July 07, 2023
Daily Market Outlook, July 07, 2023

Daily Market Outlook, July 07, 2023Munnelly’s Market Commentary… Asian equity markets lower as global markets experienced selling pressure driven by declines on Wall Street. The Nikkei 225  opened...

Daily Market Outlook, July 06, 2023
Daily Market Outlook, July 06, 2023

Daily Market Outlook, July 06, 2023Munnelly’s Market Commentary… Asian equity markets mostly traded lower, influenced by weak global data releases, a rising yield environment, and limited guidance...

No Fireworks Around FOMC Minutes - NFP Up Next
No Fireworks Around FOMC Minutes - NFP Up Next

Muted Reaction to MinutesThe June FOMC minutes yesterday were broadly USD positive but offered little in the way of new information and, as such, saw a relatively muted market reaction. The minutes...

GBPUSD H4 | Falling to 50% Fibo support
GBPUSD H4 | Falling to 50% Fibo support

TitleGBPUSD H4 | Falling to 50% Fibo supportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.26699 and could potentially reverse from here; we could see momentum carry price...

USDCAD H4 | Bearish reaction off 78.6% fibo
USDCAD H4 | Bearish reaction off 78.6% fibo

TitleUSDCAD H4 | Bearish reaction off 78.6% fiboTypeBearish ReversalPreference:Price is approaching our pivot point at 1.3333, and could potentially have a bearish reversal here to the 1st support...

AUDUSD H4 | Bullish reversal from 61.8% Fibo
AUDUSD H4 | Bullish reversal from 61.8% Fibo

TitleAUDUSD H4 | Bullish reversal from 61.8% FiboTypeBullish BouncePreference:Price is falling towards the pivot point of 0.66292 and could potentially reverse from here; we could see momentum carry...

EUR Softens As Eurozone Data Revised Lower
EUR Softens As Eurozone Data Revised Lower

Services PMI Revised LowerThe latest round of eurozone data today has painted further dark clouds on the horizon for the currency bloc. The final Services PMI reading for the eurozone last month was...

Daily Market Outlook, July 05, 2023
Daily Market Outlook, July 05, 2023

Daily Market Outlook, July 05, 2023Munnelly’s Market Commentary… Asian equity markets faced downward pressure as market participants digested the latest Chinese Caixin Services PMI data and ongoing...

EURJPY H4 | Bullish bounce off pullback support
EURJPY H4 | Bullish bounce off pullback support

TitleEURJPY H4 | Bullish bounce off pullback supportTypeBullish BouncePreference:Price could approach the pivot point at 156.769 and potentially reverse from here; we could see momentum carry price up...