Latest Market News
GDP Outlook Improving GBPUSD is trading back up towards the YTD highs today, extending gains seen across the back of last week, as sentiment towards the UK currency turns more favourable. The latest set of figures from the CBI showed an upward revision to UK GDP forecasts for this year and next. These now sit […]
Daily Market Outlook, June 12, 2023 Munnelly’s Market Commentary… Asian equity markets traded with a mixed tone as the region approached a week filled with significant risk events, including major central bank meetings and data releases. The Nikkei 225 initially displayed strong performance, advancing and testing the 32,500 handle as market participants anticipated that the […]
TitleGBPUSD Day | React off resistance TypeBearish Reversal Preference: Price is currently at our pivot point of 1.25776 which is a pullback resistance level. A reverse from here. price could fall to 1st support at 1.25266 which is a pullback support level. Alternative scenario: However, if price breaks above the pivot, it could rally to […]
The decentralized and anonymous nature of cryptocurrencies implies that a broker is not technically necessary for trading. Trading crypto can be conducted with anyone, without fees, centralized exchanges, or intermediaries. However, the question arises as to whether it is advisable to work with a cryptocurrency broker. Introduction Cryptocurrencies have revolutionized the way digital assets are […]
According to the Atlantic Council, foreign investors have been selling Chinese stocks in large numbers over the past two years, disappointed by the strengthening influence of Xi Jinping and the growing geopolitical tensions. The outflow of investors is related to the increasing investment risk in China, analysts believe. Unfavorable economic indicators in China lately, particularly […]
The dollar hit a corrective low yesterday following the release of US labor market data: The US Dollar Index (DXY) fell below the 104.40 level, marking a low point in the retracement since the beginning of June, which sparked some buying interest around 103.30 as discussed in the previous article. Breaking below the horizontal low […]