News
Aussie Inflation Falls Again The Australian Dollar is looking a little softer across the European morning on Wednesday following the latest domestic data overnight. Australian CPI was seen falling back to 0.6% QoQ, down by half from the prior quarter’s 1.2% figure. On the year, inflation stood at 3.4%, down sharply from the prior 4.3% […]
EURUSD, “Euro vs US Dollar” The EURUSD pair continues developing a decline wave to 1.0740. This is the first target. Once it is reached, a correction to 1.0935 is expected (a test from below), followed by a decline to 1.0565. This is a local target. Next, a rise to 1.0740 is expected. Upon reaching this […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the upper boundary of the Cloud at 1.2695 is expected, followed by a decline to 1.2555. An additional signal confirming the decline could be a rebound […]
Daily Market Outlook, February 1, 2024 Munnelly’s Market Minute…“Focus Shifts To BoE After Post FOMC Selloff” Asian markets showed a mixed performance following losses on Wall Street due to concerns in the banking sector and Federal Reserve Chair Powell’s resistance to a rate cut in March. However, Chinese Caixin Manufacturing PMI data exceeded expectations. The […]
The price of Bitcoin is heading up. However, the asset will have to face resistance at two levels: 45500 and 49000. The asset’s price might potentially rebound from these levels and drop. Yet it would be wise to follow the candlestick formations to forecast what is about to come next. Should the price of Bitcoin […]
Alphabet Sinks Despite Earnings Beat The harsher nuances of equities trading confronted tech bulls yesterday. Both Alphabet and Microsoft saw their stock prices plunging despite better-than-forecast headline results. Alphabet bore the brunt of the misery with the stock now down around 7% from the YTD highs seen earlier this week. On the numbers front, Alphabet […]