Dollar Gains Ground Awaiting Inflation Report as US Labor Market Shows Signs of Weakness
The dollar recovers on Monday after mixed NFP report released last Friday. Job gains fell short of the modest forecast of 200K, coming in at 187K, which greatly disappointed fixed income bears who was...
GBPUSD H4 | Falling to 61.8% Fibo support
TitleGBPUSD H4 | Falling to 61.8% Fibo supportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.26708 which is an overlap support that aligns with the 61.80% Fibonacci...
GBPJPY False Downside Break Gives Bulls Hope
GBPJPY Sitting on Key SupportGBPJPY price action is looking interesting here. The pair is essentially trading in range between 179.95 and 184.33, reflecting a pause in upside momentum on the back of...
USDCAD Day | Potential bearish reversal?
TitleUSDCAD Day | Potential bearish reversal?TypeBearish ReversalPreference:Price is currently at our pivot point 1.33807 which is an overlap resistance that aligns with 50% Fibo retracement. if it...
EURUSD Testing Trendline Support
EUR Lower Following ECBEURUSD is starting the week on a softer footing as the pair continues to hold near the foot of the recent correction lower. The latest ECB meeting saw the bank hiking rates by a...
Daily Market Outlook, August 7, 2023
Daily Market Outlook, August 7, 2023Munnelly’s Market Commentary… Asian equity markets started the week on a mostly negative note, influenced by last Friday's late decline in Wall Street. The...
EURUSD H4 | Falling to 78.6% Fibo support
TitleEURUSD H4 | Falling to 78.6% Fibo supportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.09221 which is an overlap support that aligns with the 78.60% Fibonacci...
BOE Hikes By Smaller Amount but Hawkish Risks Remain
Smaller Hike for NowDespite chatter around a possible .5% rate hike yesterday, in the end the BOE opted for a smaller .25% hike. The BOE cited the recent inflation drop as the key driver behind the...
NZDUD H4 | Bullish bounce off pivot?
TitleNZDUD H4 | Bullish bounce off pivot?TypeBullish BouncePreference:Price is approaching our pivot point at 0.6064, which is at a multi-swing low support level. If price bounces off the pivot point,...
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