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Daily Market Outlook, December 11, 2023 Munnelly’s Market Minute… Asia – Stocks in the Asia-Pacific region traded mixed as investors processed recent data releases, including strong US jobs data and worsening deflation in China. This week’s upcoming risk events, such as US CPI data and central bank updates, added to the cautious mood. The Nikkei […]
TitleNZDUSD H4 | Reacting off resistance level? TypeBearish Drop Preference:Price is currently at our pivot point of 0.6115, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 0.6066, an overlap support level that aligns with the 161.8% Fibo extension level Alternative […]
Daily Market Outlook, December 8, 2023 Munnelly’s Market Minute… Asia – Most stocks traded higher, but gains were limited due to cautious sentiment ahead of the US NFP jobs report and recent BoJ speculation. The Nikkei 225 underperformed due to a firmer currency and downward revision in Japan’s Q3 GDP. The Hang Seng and Shanghai […]
Title:USDCHF Day I Falling from Fibo confluence? TypeBearish Reversal Preference:The price is rising toward our pivot point of 0.8886, which serves as a pullback resistance level aligning with the 38.2 and 50% Fibonacci. A reversal from this point could lead the price to drop to the 1st support at 0.86199 Alternative scenario:However, if the price […]
In the latter half of the week, bearish pressure on European currencies has somewhat eased, with EURUSD consolidating in the range of 1.0750-1.08 and GBPUSD at 1.25-1.26. This hints that the upcoming direction may be influenced, to some extent, by the Non-Farm Payrolls, and the upcoming Federal Reserve meeting next week. Recent economic activity indicators […]
Futures Weekly Wrap-Up #ES #NQ #YM To access the weekly review of the price action in the emini futures markets and today’s real-time actionable analysis for the Friday trading session use the links below ES https://youtu.be/HflkbQ_xe6g?si=LgiJS4_oUWs2CbQD NQ https://www.youtube.com/watch?v=1uNibIIl3Dc YM https://youtu.be/zouJ5u6sLHw?si=ry44jddl4roTHTor Source: Tickmill