Latest Market News
Daily Market Outlook, June 23, 2023 Munnelly’s Market Commentary… Asian equity markets struggled to maintain their early positive momentum and stumbled, influenced by the mixed performance seen in the US. While the S&P 500 and Nasdaq managed to end their losing streaks, most sectors finished the day in negative territory following a busy day of […]
Powell Says Further Hikes Likely US markets ended the day lower yesterday and are on course for a negative week. The conclusion from Powell’s two-day testimony at the Senate is that further hikes are likely on the way this year. While the Fed chair offered little in the way of new information, his view was […]
Despite the European Central Banks’ decision to raise rates further, which theoretically should have benefited European currencies due to the widening interest rate differential, investor interest in the dollar saw a sharp increase yesterday. During the second part of his testimony to Congress, the head of the Federal Reserve (Fed) aimed to address the communication […]
The BTC on Friday is balancing near 30,016 USD. The leading cryptocurrency has been correcting since yesterday after two days of impressive growth. The BTC gained more than 17% over two trading sessions. The crypto sector demonstrated a positive reaction to the compound of good news. After the market heard the news about the application […]
TitleNZDUSD H4 | Potential Bounce off support TypeBullish Bounce Preference: Price is falling to our pivot point of 0.61144 which is a pullback support level that aligns with a 50% and 61.8% Fibo retracement. A reverse from here, price could rally towards 1st resistance at 0.62072 which is a multi-swing high resistance. Alternative scenario: However, […]
EUR Slides on Weak PMIs EURUSD has come under heavy selling pressure today in response to the latest wave of eurozone PMI data released this morning. Weakness across French and German readings, as well as the overall eurozone readings, has put fresh focus on fears for the health of the eurozone economy, particularly with the […]