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Daily Market Outlook, August 17, 2023 Munnelly’s Market Commentary…  Asian equity markets mostly experienced another day of selling, in line with losses on Wall Street. Yields in the market continued to rise following the release of FOMC Minutes, which highlighted that most officials saw significant upside risks to inflation, possibly necessitating further tightening measures. The […]

TitleXAUUSD Day | Bounce off support level? TypeBullish Bounce Preference:Price has just bounced off our pivot point of 1888.375 which is a pullback support level that. A bounce off from here, price could rise to 1st resistance at 1905.552 which is a pullback resistance level that aligns with 23.6% Fibo Retracement. Alternative scenario:However, if price […]

IRS / irsinvest.com (Clone of FCA Authorised Firm)

EURUSD, “Euro vs US Dollar” EURUSD has broken the 1.0890 mark downwards, opening the potential for a decline to 1.0850 is open. After the price reaches this level, a correction to 1.0892 is not excluded (with a test from below). Next, a decline to 1.0833 could follow, from where the trend could continue to 1.0750. […]

The major currency pair experienced a noticeable retreat on Thursday. The current EURUSD exchange rate stands at 1.0866. These existing levels mark the lowest point in six weeks. The US dollar has valid reasons for strengthening: in the minutes of its latest meeting, published the day before, the Federal Reserve acknowledged the possibility of further […]

Weak Jobs Data AUDUSD has come under fresh selling pressure today on the back of the latest Aussie employment data released overnight. The unemployment rate was seen moving up to 3.7% from 3.5% prior, above the 3.6% the market was looking for. Additionally, the employment chance number was seen recording the loss of 15k jobs, […]