Markets Increasingly Bet on the End of the Fed Tightening Cycle
The dollar correction is in full swing as sellers explore new June lows, and this was largely influenced by the moderately positive CPI report for May:The core inflation retreated from 5.5% to 5.3%,...
Daily Market Outlook, June 13, 2023
Daily Market Outlook, June 13, 2023Munnelly’s Market Commentary… Asian equity markets traded mostly higher, taking cues from the gains on Wall Street. The S&P 500 and Nasdaq 100 reached their...
GBPUSD H1 | Potential bearish reversal
TitleGBPUSD H1 | Potential bearish reversalTypeBearish ReversalPreference:Price is currently at our pivot point of 1.25653 which lines up with a 78.6% Fibo retracement. A reverse from here. price...
USDCHF H4 | Bullish reversal from 61.8% Fibo
TitleUSDCHF H4 | Bullish reversal from 61.8% FiboTypeBullish BouncePreference:Price is falling towards the pivot point of 0.90296 and could potentially reverse from here; we could see momentum carry...
AUDUSD H4 | Heading into resistance
TitleAUDUSD H4 | Heading into resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.67953 and could potentially reverse from here; we could see momentum carry price...
USDJPY H4 | Falling to support level
TitleUSDJPY H4 | Falling to support levelTypeBullish BreakoutPreference:Price is rallying to our pivot point of 139.923 which is a pullback resistance level. A reverse from here, price could fall to...
GBP Rallying As UK Sentiment Shifts
GDP Outlook ImprovingGBPUSD is trading back up towards the YTD highs today, extending gains seen across the back of last week, as sentiment towards the UK currency turns more favourable. The latest...
Dovish BOJ Comments Ahead of Friday Meeting
BOJ In Focus this WeekBank of Japan watchers and JPY traders are gearing up for the first BOJ rates meeting since new BOC chief Ueda ordered a review of monetary policy. The move taken at the last...
DXY H4 | Falling to overlap support
TitleDXY H4 | Falling to overlap supportTypeBullish BouncePreference:Price is falling towards the pivot point of 102.5944 and could potentially reverse from here; we could see momentum carry price up...
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