Turbulent Markets: Equities Slide, Dollar Dominates, and ECB's Caution
Equity Markets in DisarrayUS equities took a beating on Wednesday, with the S&P 500 shedding almost 1.5% of its market capitalization, slipping below the critical 4200-point mark. The battle...
Daily Market Outlook, October 26, 2023
Daily Market Outlook, October 26, 2023Munnelly’s Market Commentary… Asia - Asian stocks experienced a decline, reaching 11-month lows, while U.S. futures also dropped. The surge in the dollar and...
AUD Rallies on Fresh Inflation Surge
CPI Spikes AgainThe Aussie Dollar has seen fresh demand across early European trading on Wednesday following the latest Aussie data overnight. CPI was seen ticking back up last quarter with the...
Daily Market Outlook, October 25, 2023
Daily Market Outlook, October 25, 2023Munnelly’s Market Commentary… Asia - Asian stocks displayed mixed trading patterns, influenced by a positive lead from Wall Street. Market focus shifted to the...
EURUSD H4 | Reacting off a pullback resistance?
TitleEURUSD H4 | Reacting off a pullback resistance?TypeBearish ReversalPreference:The price is rising toward our pivot point of 1.06329, which serves as a pullback resistance level aligning with the...
GBPUSD H4 | Bearish Continuation Expected?
TitleGBPUSD H4 | Bearish Continuation Expected?TypeBearish ReversalPreference:The price is rising toward our pivot point of 1.22123 - 1.2204 which serves as a pullback resistance level aligning with...
US Dollar Resilience amid Surprising PMI Data
The US Dollar, often at the center of currency markets, exhibited resilience in the face of mounting bearish pressure. This defiance was fueled by the release of Composite PMI data from S&P...
USDCAD Breaking Out Ahead of BOC
BOC in FocusThe Bank of Canada meets for its October rate setting meeting today and while no change is expected, traders will be keeping a close eye on the latest guidance and forecasts offered. The...
EURGBP H4 | Potential Bearish Reversal
TitleEURGBP H4 | Potential Bearish ReversalTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.87331 which is a swing-high resistance and could potentially reverse from here;...
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