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Forex

GBP Slides As UK Enters Recession
GBP Slides As UK Enters Recession

GDP Falls AgainThe British Pound is trading lower across the early European session on Thursday. The selling comes in response to the attest growth data out of the UK with preliminary Q4 estimates...

Daily Market Outlook, February 14, 2024
Daily Market Outlook, February 14, 2024

Daily Market Outlook, February 14, 2024Munnelly’s Market Minute…“US CPI Upside Surprise Leads To Selloff”Most Asian equity indices are trading in negative territory, reflecting the downturn observed...

Potential Bearish Reversal
Potential Bearish Reversal

TitlePotential Bearish ReversalTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.64815 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level...

Potential Pullback before Resuming the Uptrend
Potential Pullback before Resuming the Uptrend

TitlePotential Pullback before Resuming the UptrendTypeBullish BouncePreference:Price could fall towards the pivot point of 1.35412 which is a pullback support that aligns with the 23.6% Fibonacci...

EURJPY H4 | Potential bullish bounce
EURJPY H4 | Potential bullish bounce

TitleEURJPY H4 | Potential bullish bounceTypeBullish BouncePreference:The price could reverse to pivot at 160.242, the pullback support, from there price could bounce off pivot and rise to 1st...

Dollar Rallies on Hot Inflation Data
Dollar Rallies on Hot Inflation Data

Core CPI RisesThe US Dollar is pushing higher midweek on the back of yesterday’s US inflation figures. Annualised headline CPI was seen at 3.1% last month, lower than the 3.4% seen a month prior but...

Resilient US Inflation Presents Growing Dilemma for the Fed
Resilient US Inflation Presents Growing Dilemma for the Fed

The latest report from the US Bureau of Labor Statistics (BLS) revealed a slight softening in inflationary pressures in the United States, with the Consumer Price Index (CPI) showing a year-on-year...

EURUSD H4 | Bearish Breakout
EURUSD H4 | Bearish Breakout

TitleEURUSD H4 | Bearish BreakoutTypeBearish DropPreference:Price is falling toward the pivot point of 1.0761 which is a multi-swing low support level. A breakout from this level price could continue...

GBP Rallying Following Jobs Data
GBP Rallying Following Jobs Data

Wages Rise, Unemployment FallsThe British Pound is rallying today on the back of the latest economic data out of the UK, released this morning. The UK unemployment rate was seen falling back to 3.8%...