TitleAUDUSD H4 | Falling to 61.8% Fibonacci SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 0.6619 which is an overlap support that aligns with the 61.8% Fibonacci...
GBPUSD Rally Losing Steam
USD Rally Stunts GBPUSD RiseThe rally in GBPUSD has stalled into the back end of the week amidst an uptick in USD on hawkish Fed commentary and weaker-than-forecast UK data. On the Dollar front,...
GBPUSD H4 | Bullish continuation
TitleGBPUSD H4 | Bullish continuationTypeBullish BouncePreference:Price has bounced off the pivot of 1.2695 (overlap support) A rise from this level could lead the price to rise to 1st resistance at...
EUR/USD Leaps on Weak USD and Strong Eurozone PMI Data
The EUR/USD pair saw a remarkable uptick, bouncing back strongly after bottoming out near the crucial 1.08 support level during Thursday’s American session. This surge comes on the heels of a softer...
Dollar Climbing on Hawkish Fed Comments
USD RecoveringThe US Dollar continues to grind higher as the greenback recovers further ground on the back of last week’s inflation-driven fall. Data last Wednesday showed that US CPI cooled for the...
Pound Rises As Inflation Disappoints Doves
CPI Slightly Above TargetGBPUSD is trading higher today on the back of the latest set of UK inflation figures released this morning. Annualised headline CPI in April was seen cooling further from 3.2%...
Daily Market Outlook, May 22, 2024
Daily Market Outlook, May 22, 2024Munnelly’s Macro Minute…“Sticky UK Inflation Supports Sterling, FOMC & Nvidia On Deck Later”Asian equities stumbled due to a lack of domestic drivers, while the...
EUR/USD Cedes Ground Ahead of FOMC Minutes and PMI Data
In Wednesday’s European trading session, the EUR/USD currency pair is gradually ceding ground, dipping below recent short-term equilibrium level of 1.0850. Market players are adopting a wait-and-see...
Daily Market Outlook, May 21, 2024
Daily Market Outlook, May 21, 2024Munnelly’s Macro Minute…“Asian Markets Snap A Seven Day Winning Streak”Asian stocks paused on Tuesday after a seven-day winning streak. Profit-taking by investors led...
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