Day: July 12, 2023
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes have broken the 200-day Moving Average on H4 and are now below it, revealing a possible development of a downtrend. However, the RSI is already in the oversold area, indicating price growth. As a result, a test of 2/8 (139.06) is expected, followed by a rebound from […]
The BTC quotes on Wednesday rose to 30,575 USD. The flagship cryptocurrency has not yet used either seasonal cycles that favour a price increase or support from the US stock market. Investors seemingly save power for future purchases. However, the longer this pause drags on, the more chances there are for a price slump. The […]
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 […]
Daily Market Outlook, July 12, 2023 Munnelly’s Market Commentary… Asian equity markets exhibited a mixed performance as investors maintained caution ahead of the release of key US inflation data. The Nikkei 225 in Japan declined below the 32K handle. This underperformance was influenced by a stronger Japanese yen, as the USD/JPY currency pair retreated below […]
Unauthorised firm details Name: StemicTrade Fx Telephone: 16015573095 Email: [email protected] Website: www.stemic-fx.com 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 belong to another business or individual, so the information looks genuine.
EURUSD, “Euro vs US Dollar” EURUSD has secured above the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0970 is expected, followed by a rise to 1.1105. An additional signal confirming the rise will be a rebound from the upper boundary of […]
USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument might go by the reversal signal in an ascending wave. The correction target could be 1.3260. Next, the price could rebound from it and continue the downtrend. However, the quotes might drop to 1.3170 without any correction […]
USD Downside Risks Today’s US CPI release will be pivot for FX markets near-term. While a further .25% hike from the Fed is widely expected as the base case scenario for the July FOMC, expectations have shifted beyond this month. With a less dovish outlook voiced by some Fed members recently and with jobs data […]
RBNZ Holds Rates Steady Following 12 straight months of rate hikes, the RBNZ held monetary policy unchanged at the July MPR overnight. Sitting at 5.5%, the RBNZ noted that policy would remain unchanged for the foreseeable future, citing a technical recession in New Zealand. The bank note that its tightening campaign had helped curb spending […]
The New Zealand dollar looks positive against the US dollar. The current NZDUSD quote is 0.6224. The Reserve Bank of New Zealand left the interest rate at the level of 5.5% per annum at the meeting in July. In the comments, the RBNZ confirmed that previous decisions to raise the interest rate had caused the […]