Day: May 20, 2023
Bright Minds Bright Minds is a new podcast hosted by Money Manager and Trading Expert Patrick Munnelly. Through insightful conversations with notable guests, ranging from economic forecasters, to psychologists and experienced traders, we seek to answer the most commonly asked questions around trading and investing. Bright Minds is not just another podcast about trading: it […]
TitleXAUUSD H4 React off 5o% Fibonacci retracement TypeBearish Reversal Preference:Price is rallying to our pivot point at 1986.79 which aligns with a 50% Fibonacci retracement. A reverse from here, price will be fall to 1st support at 1953.87 which is a swing low support level Alternative scenario:however, if price breaks above the pivot, it could […]
Apple Higher on Debt Ceiling Optimism Apple shares are trading higher ahead of the open today with the pre-market price putting the stock at its highest level since early 2022. The general improvement in risk appetite through the week has helped drive stocks higher with tech stocks among the biggest beneficiaries. Apple shares have been […]
The rally in Treasury yields is encountering minimal resistance, and mid-March levels have already been reached: Recently, comments from top Federal Reserve (Fed) officials arrived with unusually unambiguous positions. The emphasis was on “no signs of significant decline” in certain service sectors (Jefferson) or that “a year is not long enough to feel the full […]
Inflation Rise Puts Fresh Focus on BOJ JPY is seeing better demand today on the back of the latest CPI figures released overnight. National Core CPI was seen rising to 3.4% last month, above the prior and expected 3.1% reading the market was looking for. The data has put fresh focus on a possible shift […]
DAX Trades Higher on Debt Ceiling Relief The DAX broke out to its highest level since January 2022 yesterday as optimism over an expected US debt ceiling deal helped drive bullish sentiment in stocks. Encouraging comments from Speaker of the House Kevin McCarthy yesterday regarding the likelihood of a deal in principle being agreed ahead […]
TitleNZDUSD H4 | Bearish reversal TypeBearish Reversal Preference: Price is approaching our pivot point of 0.62621 which is an overlap resistance level. A reverse from her price could fall to 1st support at 0.62076 which is a swing low support level. Alternative scenario:However, If price breaks above the pivot, price could rally to 1st resistance […]