Stocks Fighting On US stocks are continuing to push higher on Tuesday as the recovery off recent lows continues. The correction in the Nasdaq has seen the market shedding around 9% from YTD highs. A shift in expectations regarding the Fed has been the major driver behind the move lower. With traders eyeing fresh potential […]
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EURUSD, “Euro vs US Dollar” EURUSD has secured above the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.0935 is expected, followed by a decline to 1.0745. An additional signal confirming the decline will be […]
XAUUSD, “Gold vs US Dollar” Gold has formed an Inverted Hammer reversal pattern at the support level. Currently, the instrument might go by the reversal signal in an ascending wave. The growth target could be 1910.00. Upon testing the resistance, the price might get the chance for a rebound from it and further development of […]
Daily Market Outlook, August 22, 2023 Munnelly’s Market Commentary… Asian equity markets exhibited mixed trading overnight, mirroring a similar performance seen in the United States. In the US, the technology sector experienced a rally, although broader market gains were constrained due to the ongoing rise in global yields. The Nikkei 225 index advanced as the […]
TitleUSDCHF H4 | Potential Bullish Bounce off 23.6% Fibo? TypeBullish Bounce Preference:Price could potentially bounce off the 23.6% fibo, which is at our pivot point at 0.8757. If price does not break below the pivot point, then price could rise to the 1st resistance at 0.8827, which is at the 61.8% fibo retracement, and an […]
Daily Market Outlook, August 21, 2023 Munnelly’s Market Commentary… Asian equity markets traded in a mixed trading pattern as the disappointment stemming from the People’s Bank of China’s (PBoC) decision on Loan Prime Rates overshadowed recent support measures implemented by China. The Nikkei 225 index experienced a positive trend due to Japan’s announcement of the […]