Latest Market News
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are above the 200-day Moving Average on H4, indicating a prevailing uptrend. The RSI has reached the oversold area. As a result, in this situation, the quotes are expected to surpass 5/8 (150.78) and continue rising to the resistance at 6/8 (151.56). The scenario can be cancelled […]
CPI Slides 2% In reassuring news for both UK households and the BOE, UK inflation was seen cooling sharply last month. Headline annualised inflation fell back to 4.6% from 6.7% prior, below the 4.7% the market was looking for. This marked the largest deflationary move in two-years in the UK. Core inflation was seen falling […]
Daily Market Outlook, November 15, 2023 Munnelly’s Market Commentary… Asia – stocks experienced an uptick as global risk sentiment improved. The catalysts for this positive shift included weaker-than-expected US Consumer Price Index (CPI) data, which led to a more dovish outlook from the Federal Reserve, raising hopes that the Fed might conclude its rate-hiking cycle. […]
TitleXAUUSD H4 | Falling to support? TypeBearish Reversal Preference: Price has just reacted off our pivot point of 1946.23, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1932.79, an overlap support level Alternative scenario: However, if the price breaks above […]
Daily Market Outlook, November 14, 2023 Munnelly’s Market Commentary… Asia – stocks exhibited a mixed performance as markets awaited the release of US Consumer Price Index (CPI) data. The Nikkei 225 saw advancement, driven by earnings releases and Japan’s consideration of corporate tax breaks for companies implementing an 8% wage increase. Meanwhile, the Hang Seng […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes have rebounded from the support level of 0/8 (0.6347) on H4. The RSI is approaching the resistance line. In this situation, a test of 1/8 (0.6408) is expected, followed by a breakout of this level and a rise to the resistance at 2/8 (0.6469). The scenario can […]