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EURUSD, “Euro vs US Dollar” EURUSD is rising within a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0895 is expected, followed by a rise to 1.1115. An additional signal confirming the rise will be a rebound from the lower boundary of […]

TitleDE30EUR H4 | Bullish bounce off pivot? TypeBullish Bounce Preference: Price could fall to our pivot point at 15864.2, which is an overlap support level. Price could potentially continue its bullish momentum and bounce off the pivot point, to rise towards the 1st resistance at 15983.3, which is a swing high resistance level. Alternative scenario: […]

Copper Breaking Higher Just a few weeks ago, copper prices were turning lower from a key resistance level and the market looked like it was heading for a fresh test of the YTD lows. Since then, copper prices have undergone a solid rebound and are now trading almost 7% higher, currently around fresh 2-month highs. […]

On Tuesday, the primary currency pair is reaching new local peaks. The current EURUSD exchange rate stands at 1.0960. The catalyst remains the same – investors remain confident that the US Federal Reserve’s interest rate has reached its peak. Earlier, the market received confirming evidence from weak macroeconomic statistics. With no new statistics released, investors […]

The British pound sterling, paired with the US dollar, is actively appreciating. The current GBPUSD exchange rate stands at 1.2532. On one hand, the GBP is supported by a weak US dollar and swiftly regains its position. On the other hand, domestic news is also providing certain support. UK Prime Minister Rishi Sunak has announced […]

Daily Market Outlook, November 21, 2023 Munnelly’s Market Commentary…  Asia – In the Asia-Pacific region, most stock markets experienced gains driven by positive movements in US tech stocks, notably Microsoft, which reached a record high. Chinese markets found support from the property sector, while the ASX 200 benefitted from strength in the mining and materials […]