FOMC Up NextPrice action in the US Dollar has been rather muted so far this week as traders prepare for the September FOMC later today. The event is widely expected to see the Fed holding rates...
Daily Market Outlook, September 20, 2023
Daily Market Outlook, September 20, 2023Munnelly’s Market Commentary… Asian equity markets generally faced a downward trend as investors adopted a cautious stance ahead of forthcoming central bank...
GBP Under Pressure As UK Inflation Drops Ahead of BOE
UK Inflation Drops AgainThe British Pound has come under fresh selling pressure today on the back of the latest set of UK inflation figures. Headline CPI was seen printing 6.7% YoY, down from 6.8%...
EURJPY H4 | Bearish reaction off 61.8% fibo?
TitleEURJPY H4 | Bearish reaction off 61.8% fibo?TypeBearish ReversalPreference:Price is approaching our pivot point at 157.91, which is an overlap resistance, aligning with the 61.8% fibo...
USDCAD Breaks Support Ahead of CAD CPI
CAD Boosted by Oil GainsThe Canadian Dollar is rallying firmly this week. With oil prices pushing on to fresh highs for the year, CAD has been well supported and looks poised for further gains...
Aussie Rallying on Hawkish RBA Minutes
Aussie on the Up The Australian Dollar is turning higher today on the back of a hawkish set of RBA minutes. The minutes, released overnight, showed that the RBA considered hiking rates again this...
GBPUSD H$ | Bouncing off support level?
TitleGBPUSD H$ | Bouncing off support level?TypeBullish BouncePreference:The price has just bounced off the pivot point at 1.2375, which is a multi-swing low support level. A bounce from this level...
Daily Market Outlook, September 19, 2023
Daily Market Outlook, September 19, 2023Munnelly’s Market Commentary… Asian equity markets mostly traded lower, mirroring the flat performance in the United States. The lack of significant catalysts...
EURUSD Reversal Looms as Oil Rally Faces Key Resistance Levels
On Tuesday, EURUSD continues to rebound from the lower boundary of the current bearish trend amid positive inflation signals and a slowing rally in oil prices:The final assessment of inflation in the...
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