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Daily Market Outlook, September 13, 2023
Daily Market Outlook, September 13, 2023

Daily Market Outlook, September 13, 2023Munnelly’s Market Commentary… Asian equity markets faced downward pressure, influenced by the recent tech-related declines on Wall Street, driven by post-Apple...

CHFJPY H4 | Potential bearish reversal?
CHFJPY H4 | Potential bearish reversal?

TitleCHFJPY H4 | Potential bearish reversal?TypeBearish ReversalPreference:Price could rise towards the pivot point of 165.722 which is a pullback resistance that aligns with the 78.6% Fibonacci...

GBP Selling Deepens As UK GDP Turns Negative
GBP Selling Deepens As UK GDP Turns Negative

 UK Growth Drops SharplyThe British Pound has come under renewed selling pressure into the middle of the week as traders digest the latest set of UK growth figures. According to the ONS, the UK...

USDJPY H4 I Reacting off the resistance?
USDJPY H4 I Reacting off the resistance?

TitleUSDJPY H4 I Reacting off the resistance?TypeBearish ReversalPreference:Price is currently at our pivot point of 147.382, which serves as an overlap resistance level that aligns with 78.6% Fibo...

Currency Market Responds Lukewarmly to US Inflation Report, Dollar Weakens
Currency Market Responds Lukewarmly to US Inflation Report, Dollar Weakens

The currency market showed a relatively subdued reaction to the US inflation report for August, which nevertheless indicated that monthly core inflation was higher than expected at 0.3% (forecasted...

Investor Sentiment Improves Amid Chinese Bond Deferral, Dollar Strengthens on Inflation Expectations
Investor Sentiment Improves Amid Chinese Bond Deferral, Dollar Strengthens on Inflation Expectations

Investors have taken a more positive view of the systemic risk situation in China following news that the major Chinese developer Country Garden has been granted a deferral of coupon payments on some...

GBP Under Pressure As Wages & Unemployment Rise
GBP Under Pressure As Wages & Unemployment Rise

Wages Rise AgainFocus is back on the BOE today after the latest set of UK employment data released this morning. The Office for National Statistics reported that average wages (excluding bonuses) rose...

EURJPY H4 | Bearish reaction off 61.8% fibo?
EURJPY H4 | Bearish reaction off 61.8% fibo?

TitleEURJPY H4 | Bearish reaction off 61.8% fibo?TypeBearish ReversalPreference:Price is approaching the pivot point at 157.83, which is an overlap resistance level and slightly above the 61.8% fibo...

AUDUSD H4 | Approaching 61.8% Fibo resistance
AUDUSD H4 | Approaching 61.8% Fibo resistance

TitleAUDUSD H4 | Approaching 61.8% Fibo resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.64682 which is an overlap resistance that aligns with the 61.8% Fibonacci...