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The BTC price remains stable at around 29,426 USD on Monday. From a technical perspective, the BTC price continues to trade within the same sideways channel observed two weeks ago. The risk of retesting the local minimum near 28,585 USD persists. Support lies at 28,600 USD, while resistance is at 30,300 USD. Due to reduced […]

The British pound sterling, paired with the US dollar, is holding its ground on Monday. The current GBPUSD exchange rate stands at 1.2694. According to the latest data, the UK economy grew by 0.2% in Q2 2023 in comparison to Q1 figures. This marks the highest quarterly growth in over a year. The Bank of […]

USDJPY Testing Key Level USDJPY is on watch this week as the pair retests the 145 level. This area has been touted as a line in the sand for the BOJ and should USDJPY continue to move higher, risks of fresh BOJ intervention grow stronger. This is the area where the bank stepped in last […]

Daily Market Outlook, August 14, 2023 Munnelly’s Market Commentary…  Asian equity markets encountered downward pressure driven by ongoing economic concerns in China and apprehensions over developer defaults. This backdrop of risk aversion loomed over the region, especially with significant upcoming events such as key global data releases and the imminent release of the latest Federal […]

Daily Market Outlook, August 11, 2023 Munnelly’s Market Commentary…  Asian equity markets made little positive progress overnight,influenced by a dovish reaction to post-CPI developments in the United States and concerns surrounding Chinese property developers. Trading activity was also hindered by reduced participation as Japanese market participants were absent due to Mountain Day. The Hang Seng […]