Day: September 14, 2023
The Japanese yen paired with the US dollar is retreating again. The current USDJPY exchange rate stands at 147.14. The yen is once again hovering near ten-month lows as investors re-evaluate the BoJ’s monetary policy outlook following comments made by the central bank’s governor. Earlier, Kazuo Ueda mentioned that the central bank might end its […]
The major currency pair remains in a consolidation phase on Thursday. The current EURUSD exchange rate stands at 1.0745. Yesterday, the US released the long-awaited CPI figures for August. Inflation increased by 0.6% on a monthly basis, in line with expectations. This marks the highest monthly increase since June 2022. Annual inflation reached 3.7 per […]
CPI Rises Again in August The release of the latest US inflation data has done little to impact near-term Fed rate pricing, despite coming in above forecasts. Annualised CPI was seen rising to 3.7% from the prior month’s 3.2% reading, above the 3.6% the market was looking for. Looking at the monthly breakdown, headline inflation […]
Daily Market Outlook, September 14, 2023 Munnelly’s Market Commentary… Asian equity markets generally displayed resilience and upward momentum, distancing themselves from the uncertainty that had gripped Wall Street. This confidence emerged in the aftermath of a somewhat hawkish-leaning US inflation report, which revealed an uptick in the headline Consumer Price Index (CPI). However, the Core […]
EURUSD, “Euro vs US Dollar” EURUSD continues developing a correction to 1.0777. After the quotes reach this level, they could drop to 1.0676. This is a local target. After the price hits it, a new wave of growth to 1.0900 could begin. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has completed a wave of […]
USDCHF, “US Dollar vs Swiss Franc” USDCHF quotes are above the 200-day Moving Average on H4, indicating the prevalence of an uptrend. The RSI is testing the support line. In this situation, further growth to the nearest resistance level of 7/8 (0.8972) is expected. The scenario can be cancelled by a downward breakout of the […]
TitleCADJPY H4 | Falling to pullback support TypeBullish Bounce Preference: Price is falling towards the pivot point of 108.45 which is a pullback support that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 109.093 which is a swing-high […]
TitleEURUSD H4 | Bouncing off Support level? TypeBearish Breakout Preference:Price could bounce off from our pivot point at 4460.15, which is an overlap support level, aligning with the 50% fibo retracement. If price bounces off the pivot point, then price could potentially rise towards the 1st resistance at 4494.9, which is a swing high resistance […]
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