News
Oil Rallying Oil prices are trading firmly higher into the middle of the week with crude futures expanding on last week’s gains. The rally has seen futures trading higher by around 12% off the June lows. Price, crucially, is now trading above both the 72.61 level and the bear channel highs. While above this area, […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes have broken the 200-day Moving Average on H4 and are now below it, revealing a possible development of a downtrend. However, the RSI is already in the oversold area, indicating price growth. As a result, a test of 2/8 (139.06) is expected, followed by a rebound from […]
The BTC quotes on Wednesday rose to 30,575 USD. The flagship cryptocurrency has not yet used either seasonal cycles that favour a price increase or support from the US stock market. Investors seemingly save power for future purchases. However, the longer this pause drags on, the more chances there are for a price slump. The […]
Bright Minds Bright Minds is a new podcast hosted by Money Manager and Trading Expert Patrick Munnelly. Through insightful conversations with notable guests, ranging from economic forecasters to psychologists and experienced traders, we seek to answer the most commonly asked questions around trading and investing. Bright Minds is not just another podcast about trading: it […]
Daily Market Outlook, July 12, 2023 Munnelly’s Market Commentary… Asian equity markets exhibited a mixed performance as investors maintained caution ahead of the release of key US inflation data. The Nikkei 225 in Japan declined below the 32K handle. This underperformance was influenced by a stronger Japanese yen, as the USD/JPY currency pair retreated below […]
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