News

Futures Weekly Action Areas #ES #NQ #YM To access the weekly action areas for the trading week ahead in the emini futures markets click here You can use the levels referenced in the video for the cash market US500 USTECH & US30 by simply calculating the spread between the futures and the cash levels and […]

EURUSD, “Euro vs US Dollar” EURUSD continues developing a consolidation range around 1.0955. A growth link to 1.0980 is expected today. If this level breaks upwards, the potential for a rise to 1.1010 might open. This is a local target. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD continues developing a consolidation range around 1.2727. […]

EURUSD, “Euro vs US Dollar” EURUSD qutes are above the 200-day Moving Average on H4, indicating the prevalence of an uptrend. The RSI has rebounded from the support line. In this situation, the quotes are expected to rise above 4/8 (1.0986) and continue growing to the resistance at 5/8 (1.1047). The scenario could be cancelled […]

Daily Market Outlook, January 15, 2024 Munnelly’s Market Minute…“Nikkei Tests Levels Not Seen Since 1990” Asian stocks traded within a narrow range due to the absence of significant catalysts over the weekend. Global markets were expected to have a subdued session on Monday as a result of the extended weekend in the US. The Nikkei […]

CAD CPI in Focus USDCAD is moving higher today ahead of tomorrow’s Canadian CPI release. The market is expecting CAD CPI to have slipped further last month. M/M CPI is pegged at -0.3%, down from the prior month’s -0.1% while annually, median CPI, is forecast to hold steady at 3.4%. However, given the M/M expectations, […]

The primary currency pair appears neutral on Monday. The current EURUSD exchange rate stands at 1.0963. Previously released US statistics on the consumer price index alter the perspective on the US Federal Reserve’s future actions. Inflation in the country has accelerated to 3.4% y/y from the previous 3.1%. Core inflation has not provided significant signals. […]