Day: July 1, 2023
Daily Market Outlook, June 30, 2023 Munnelly’s Market Commentary… Asian equity markets traded cautiously into month & quarter end, with modest gains against the backdrop of a higher yield environment. Market participants were digesting a series of data releases at the end of the quarter, including the latest official PMIs from China. The Nikkei 225 […]
Gold Correction Continues Gold prices are seeing some weakness today against the backdrop of a stronger US Dollar. The greenback has been well bid on the back of better-than-forecast GDP data yesterday and a slew of hawkish comments from Fed’s Powell this week. With traders eyeing a fresh .25% hike in July, metals have weakened […]
GDP Soars Above Forecasts The US Dollar is trading higher today on the back of the latest set of US economic data yesterday. US GDP for the last quarter was seen surging higher to 2%. This was a stark jump from the prior 1.3% reading and the expected 1.4% reading the market was looking for. […]
TitleEURJPY H4 | Bullish bounce off overlap support TypeBullish Bounce Preference:Price is close to the pivot point at 156.723 and could potentially reverse to bounce higher to hit the 1st resistance at 158.887. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 155.188. To discuss this trading idea, head […]
BTC reached 30,710 USD on Friday, marking a weekly growth of 2.35%. Improvement in the domestic news landscape and the reestablished correlation with the US stock market are working in favour of the flagship cryptocurrency. At the same time, it should be noted that the rally is not formed yet because buyers remain cautious. For […]
The major currency pair was compelled to retreat by Friday. The current EURUSD quote is 1.0870. The focus the day before was primarily on the final US GDP report for the first quarter of 2023, which exceeded expectations. The US economy expanded by 2.0% from January to March, surpassing the previous growth estimate of 1.3% […]
Unauthorised firm details Name: Wealth Finance / wealthfinance.net Address: 45 FITZROY STREET, LONDON, UNITED KINGDOM, W1T 6EB Telephone: +442045292614 Mobile: +447967438180 Email: [email protected] Website: www.wealthfinance.co.uk Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that […]