News

Title:GER40 H4 | Bearish reversal off pivot point? TypeBearish reversal Preference:The price is reacting off our pivot point at 16446.31, which is a swing high resistance. The price could fall to 1st support level at 15988.32, which is a pull back resistance. Alternative scenario:The price could break the pivot point at 16446.31, which is a […]

TitleEURUSD H4 | Falling to 161.8% Fibo extension? TypeBearish Drop Preference: The price is falling from our pivot point of 1.08342, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.0758, a pullback support level that aligns with the 161.8% Fibo […]

On Tuesday, the Japanese yen is consolidating against the US dollar. The current USDJPY exchange rate stands at 147.12. The USDJPY pair will likely move differently on Friday, possibly dipping below the 146.00 mark. These expectations are tied to the release of US employment data, which could give grounds for further downward pullback of the […]

The Australian dollar, paired with the US dollar, is weakening as part of a correction. The current AUDUSD exchange rate stands at 0.6585. During today’s meeting, the Reserve Bank of Australia decided to keep the interest rate unchanged at 4.35% per annum, in line with the market consensus forecast. In its comments, the RBA noted […]

Daily Market Outlook, December 5, 2023 Munnelly’s Market Commentary…  Asia – Stocks saw declines as they followed a mostly negative trend from Wall Street. Major indices on Wall Street were choppy and weighed down due to a rebound in yields ahead of important data releases. In Japan, the Nikkei 225 continued to weaken and fell […]

OPEC News Lacks Bite Crude oil prices remain mostly muted as we move through the European morning on Tuesday. Just days on from OPEC+ announcing an extension of its current production cuts, the market has failed to find any upside momentum with crude futures still hugging support at the 72.61 mark. Last week’s meeting saw […]