Day: July 7, 2023

Daily Market Outlook, July 06, 2023 Munnelly’s Market Commentary…  Asian equity markets mostly traded lower, influenced by weak global data releases, a rising yield environment, and limited guidance from the FOMC Minutes regarding future rate increases. The Nikkei 225 faced selling pressure after falling below the 33K handle. The Hang Seng and Shanghai Comp also […]

TitleGBPUSD H4 | Falling to 50% Fibo support TypeBullish Bounce Preference: Price is falling towards the pivot point of 1.26699 and could potentially reverse from here; we could see momentum carry price up/down to its 1st resistance at 1.27522. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 1.26044. […]

US Data Dump Due The Dow Jones is holding just below a major resistance level on Thursday as traders brace for a slew of US data later today. US ISM Services PMI, ADP employment change, unemployment claims and JOLTS job openings are all on deck. Following a muted few sessions for the Dollar, today’s data […]