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The primary currency pair steadied on Thursday after a previous decline. The current EURUSD exchange rate stands at 1.0893. The flow of statistics published yesterday prompted the market to adjust its perspectives. In December, final inflation in the eurozone reached 2.9% y/y, marking a significant acceleration from the previous 2.4%. Although the data aligned with […]

TitleGBPJPY H4 | Bearish reversal TypeBearish Breakout Preference:The price could rise to the 1st resistance at 188.283 the multi-swing high resistance which is a double top pattern, before pulling back to the pivot point at 186.283, the overlap support. From there it could reverse to the 1st support at 184.043, the pullback support. Alternative scenario: […]

Daily Market Outlook, January 18, 2024 Munnelly’s Market Minute…“ECB Minutes Eyed, Lagarde Speaks Later” Asian markets had mixed trading, with most markets showing negative trends after central bank rate cut expectations were reversed. The Nikkei 225 fluctuated between gains and losses, influenced by recent currency weakness and disappointing machinery orders. Japan is set to release […]

The Australian dollar, paired with the US dollar, has temporarily ceased its descent. The current AUDUSD exchange rate stands at 0.6558. Australia presented a wealth of statistics on Thursday morning. The unemployment rate in December remained unchanged at 3.9%. However, the proportion of the economically active population has dropped significantly, from 67.3% to 66.8%. The […]

EURUSD, “Euro vs US Dollar” EURUSD is testing the broken resistance area. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the lower boundary of the Cloud at 1.0925 is expected, followed by a decline to 1.0745. The decline could be additionally supported by a rebound from the […]

TitlePotential Bullish Breakout TypeBullish Breakout Preference:Price is rising towards the pivot point of 147.588 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement level and could potentially break above this level; we could see momentum carry price up to its 1st resistance at 148.546 which is a pullback resistance level. Alternative scenario:If […]