Market Analysis
Detailed market analysis for the global markets provided by various regulated forex brokers technical analysis teams
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Aussie On the Up The Australian Dollar continues its attempted breakout today, fuelled by ongoing USD weakness. The shift in perspective on the Fed sets AUD up as a prime candidate for strength in coming months. With risk flows improving and commodities prices gaining, AUD looks well positioned to benefit from further USD weakness as […]
Daily Market Outlook, December 18, 2023 Munnelly’s Market Minute… Last week, a notable theme in the markets was a divergence in messaging from the Federal Reserve (Fed), Bank of England (BoE), and European Central Bank (ECB). The Fed adopted a somewhat dovish tone and did not resist market expectations for significant rate cuts in 2024. […]
Daily Market Outlook, December 15, 2023 Munnelly’s Market Minute… Asia – Stocks in the Asia-Pacific region mostly traded higher, buoyed by positive sentiment from Wall Street, supported by favourable data and decreasing yields following the recent dovish pivot by the Federal Reserve. The Nikkei 225 rose, surpassing the psychological 33K handle. The Hang Seng surged […]
EUR Rally Stalls On the back of the post-FOMC rally we saw on Wednesday, EURUSD was driven further higher yesterday by the ECB. While the bank held rates unchanged and arguably made some dovish adjustments to the decision statement, Lagarde’s pushback against rate-cut calls and her insistence that rates would need to stay at current […]
This week saw a series of central bank meetings that delivered a plethora of surprises. In particular, the communication from both the Federal Reserve and the European Central Bank diverged from market consensus expectations. Strong data on the U.S. economy, including service activity indices (PMI), employment and wage growth in November, and changes in unemployment […]
TitleCHFJPY H4 | Potential bullish bounce? TypeBullish Bounce Preference:Price is above the pivot point at 163.721, the pullback support, and could bounce off and rise to the 1st resistance level at 166.671, multi-swing high resistance. Alternative scenario:Price could break the pivot line at 163.721 and fall to 1st support level at 162.154, the swing-low support. […]
The primary currency pair surged even higher on Friday. The current EURUSD exchange rate stands at 1.0990. The market is full of optimism and interest in risk, benefitting the EUR and reducing the attractiveness of the USD as a safe-haven asset. The December meeting of the European Central Bank ended neutrally, precisely as expected. The […]
The British pound sterling has risen to four-month highs against the US dollar. The current GBPUSD exchange rate stands at 1.2767. The Bank of England kept its monetary policy at the December meeting without any changes. The interest rate remained at 5.25% per annum. The market noticed that the British regulator spoke about prospects or […]
Futures Weekly Wrap-Up #ES #NQ #YM To access the weekly review of the price action in the emini futures markets and today’s real-time actionable analysis for the Friday trading session use the links below, please like & share! Emini SP500 https://youtu.be/JZ-z0uEMhU0?si=6krBfWtUcTpb1zEk Emini Nasdaq https://www.youtube.com/watch?v=r2T8PoIaVW4 Emini DowJones https://youtu.be/2iiOvRx4z3c?si=Q3wigFT0pV6Zs_0_ Source: Tickmill
FTSE Surges Post-BOE On the back of the Bank of England meeting yesterday, the FTSE is attempting to breakout above the 7678.8 level range highs. The meeting saw the BOE holding rates steady, while pushing back against those calling for imminent rate cuts. Instead, the bank warned that the battle against inflation was still not […]
EURUSD, “Euro vs US Dollar” EURUSD has formed a Hanging Man reversal pattern near the resistance level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The correction target could be the support at 1.0950. However, the price might rise to 1.1070 and continue its upward movement without testing […]
Brent Brent quotes are hovering below the 200-day Moving Average on H4, revealing a prevailing downtrend. The RSI is approaching the overbought area. In this situation, the price is expected to test the 2/8 (78.12) level, rebound from it, and fall to the support at 0/8 (75.00). The scenario can be cancelled by rising above […]