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Forex

Daily Market Outlook, June 08, 2023

Daily Market Outlook, June 08, 2023Munnelly’s Market Commentary… Asian equity markets had a mostly subdued performance overnight, influenced by mixed signals from Wall Street. The technology sector...

CADJPY H4 | Bullish reversal from overlap support

TitleCADJPY H4 | Bullish reversal from overlap supportTypeBullish BouncePreference:Price could approach the pivot point of 104.201 and potentially reverse from here; we could see momentum carry price...

GBPUSD H4 | React off 78.6%

TitleGBPUSD H4 | React off 78.6%TypeBullish BreakoutPreference:The price is rallying towards our pivot point of 1.25044, which aligns with a 78.6% Fibonacci retracement. If there is a reversal from...

USDCHF H4 | Potential bearish reversal

TitleUSDCHF H4 | Potential bearish reversalTypeBearish ReversalPreference:Price is approaching our pivot point of 0.91175 which is pullback resistance level. A reverse from here, price could fall to...

Dollar Extends Pullback but Buying Pressure may Resurface in the run-up to the May CPI Report

Dollar Extends Pullback but Buying Pressure may Resurface in the run-up to the May CPI ReportThe trend corridor for USDCAD held its ground despite the unexpected decision by the Bank of Canada to...

CAD Rallying Ahead of BOC Rate Decision

BOC on WatchToday’s BOC meeting is drawing plenty of attention, particularly on the back of recent unexpected interest rate hikes from the RBA. While the BOC has been on hold since its last .25% hike...

EURUSD H4 | Bounce off support level

TitleEURUSD H4 | Bounce off support levelTypeBullish BouncePreference:Price is approaching our pivot point of 1.0634 which is swing low support. A bounce off from here, price could rally to 1st...

Daily Market Outlook, June 07, 2023

Daily Market Outlook, June 07, 2023Munnelly’s Market Commentary… Asian equity markets experienced mixed trading on the back of positive momentum from Wall Street, where the S&P 500 achieved its...
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GBP Weaker As OECD Forecasts UK Growth Disappointment

OECD Raises UK Growth Forecasts... SlightlyThe latest set of forecasts from the OECD makes pretty dim reading for the UK. The economy is set to suffer the second-worst performance of the G7 this year,...