TitleUSDCHF H4 | Heading into resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 0.90124 and could potentially reverse from here; we could see momentum carry price down to its 1st support of 0.89456. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 0.90437. To discuss this […]
Daily Market Outlook, July 03, 2023 Munnelly’s Market Commentary… Asian equity markets started the new trading month on a positive note, drawing momentum from a rally on Wall Street. Market participants also digested key data releases, including an improved Tankan survey in Japan and better-than-expected Chinese Caixin Manufacturing PMI. The Nikkei 225 index rose by […]
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The BTC exchange rate rose to 30,704 USD on Monday, with the flagship cryptocurrency gaining 1.4% during the week. Overall, last week was a relatively calm one for BTC. From a fundamental perspective, the crypto sector has strong support from large funds. Previously, news emerged that Fidelity had filed another application with the SEC to […]
The main currency pair looks stable on Monday. The current quote in EURUSD is 1.0910. According to previously released data, the Core Personal Consumption Expenditure (Core PCE) price index in the US rose 0.3% m/m in June against a forecast increase of 0.2% and a previous rise of 0.4%. On a year-on-year basis, the increase […]
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Deliveries Soar in Q2 Shares in Tesla are trading higher ahead of the open today. The firm announced record new deliveries in Q2, well above Wall Street estimates. Elon Musk’s flagship company reported Q2 deliveries of 466k vehicles, around 5% higher than the 445k units the market was looking for. At this level, deliveries recorded […]
Manufacturing PMI on Watch The US Dollar is back in focus today with the latest US ISM manufacturing reading due later. Recent strength in US data has been feeding into market expectations of fresh tightening from the Fed. Pricing for a hike this month has jumped from around the 50% mark a few weeks ago […]