Daily Market Outlook, September 5, 2023Munnelly’s Market Commentary… Asian equity markets remained relatively subdued following the recent lull in U.S. markets and amid contemplation of disappointing...
Dollar Bullish Momentum Strengthens After Breaking Key Resistance
The dollar took a new high - the highest level since the beginning of March 2023, developing an upward trend following breakout of the main bearish corridor:Among the major currencies, the AUD led...
EURUSD H4 | Bouncing off the support level?
TitleEURUSD H4 | Bouncing off the support level?TypeBearish BreakoutPreference:The price is falling toward our pivot point of 1.07438, which serves as an overlap support level. A bounce from this...
Dollar Soars on Safe-Haven Flows
DXY on The MarchThe US Dollar is seeing a wave of fresh demand this week as safe-haven demand supports the greenback. The heavy miss on the Chinese Caixin services PMI overnight has fuelled fresh...
NFP Report Analysis: Job Growth and Fed Policy Outlook
The US unemployment report for August showed modest job growth, a slowdown in wage growth, and a relatively sharp jump in the unemployment rate, all clear signs that the US labor market is...
GBPUSD H4 | Falling from a pullback resistance?
TitleGBPUSD H4 | Falling from a pullback resistance?TypeBearish ReversalPreference:Price is rising toward our pivot point of 1.26539 which serves as a pullback resistance level that aligns with 50%...
USDJPY Caught Between Fed & BOJ Expectations
Weak US Jobs Data Weighs on Fed Tightening ExpectationsDespite weakness seen in key US labour market indicators last week, USDJPY is starting the week in the green. On Friday, the latest jobs report...
EURUSD Sitting on Support Ahead of Lagarde Speech
Lagarde on WatchEURUSD continues to hold at a key support level ahead of an upcoming speech by ECB chief Lagarde later today. Traders will be keen to see if Lagarde gives any clues as to how the ECB...
EURJPY H4 | Bearish reversal off 61.8% fibo?
TitleEURJPY H4 | Bearish reversal off 61.8% fibo?TypeBearish ReversalPreference:After forming a double bottom, price is rising towards our pivot point at 158.9, which is a potential pullback...
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