Latest Market News
Daily Market Outlook, June 15, 2023 Munnelly’s Market Commentary… Asian equity markets traded predominantly higher; however, gains were limited as the market digested the aftermath of the Federal Open Market Committee (FOMC) meeting. Initially, there was a hawkish reaction to the Fed’s dot plot projections, but it was partially reversed during the press conference as […]
USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes have broken the 200-day Moving Average and are below it, indicating the probability of developing a downtrend. The RSI is nearing the overbought area. In such a situation, the 2/8 (0.8911) level is expected to be broken down, with the price then declining to support […]
The BTC returned to 25,476 USD on Friday. Yesterday the flagship cryptocurrency experienced new stress with the price drop. Weekly losses are 3.9%. The market is very thin and nervous. It has been this way since the beginning of the week, and there are no grounds for improvements. Sellers have gone less active, while buyer […]
EUR Rallying EUR is pushing firmly higher on the back of the June ECB meeting yesterday. The single currency spiked in response to a decidedly hawkish meeting from the bank. Yesterday I outlined that the bar was set very high for the ECB in terms of delivering an upside reaction in EUR and it seems […]
TitleGBPJPY week | Potential bearish reversal TypeBullish Bounce Preference: Price is currently at our pivot point of 180.581 which aligns with a 78.6% Fibo retracement. A reverse from here, price could fall to 1st support at 171.87 which is a pullback support level. Alternative scenario:However, if price breaks above the pivot, it could rally to […]
EURUSD, “Euro vs US Dollar” EURUSD has secured above the upper border of the bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0895 is expected, followed by a rise to 1.1035. An additional signal confirming the rise will be a rebound from […]