Daily Market Outlook, December 13, 2023Munnelly’s Market Minute… Asia - Asia-Pacific stocks traded mixed as investors were cautious ahead of the FOMC announcement. The Nikkei 225 increased modestly...
NZDUSD H4 | Potential bearish breakout
TitleNZDUSD H4 | Potential bearish breakoutTypeBearish ReversalPreference:Price has broken under the pivot point of 0.61079 which is an overlap support and could potentially drop lower from here; we...
GBP Slides on Fresh GDP Drop
UK GDP Sinks in OctoberThe British Pound has come under fresh selling pressure today on the back of weaker-than-forecast GDP data this morning. October GDP printed -0.3%, down from 0.2% prior and...
TitleUSDCHF H4 | Reversing to support level?TypeBearish ReversalPreference:Price is reacting off our pivot line at 0.87631, a pullback resistance, and is falling to the 1st support at 0.86884, a swing...
Fed dovish pivot expectations shift to 1Q 2024 as the November US CPI shows resilience
The foreign exchange market is churning today, with several key currencies experiencing volatility as investors digest the latest economic data and anticipate upcoming central bank decisions. Gold,...
USDCAD H4 | Bullish Bounce?
TitleUSDCAD H4 | Bullish Bounce?TypeBearish BreakoutPreference:Price is bouncing off our pivot line at 1.354 a multi-swing low support and is rising towards our resistance at 1.362 a pullback...
BOJ Comments Fuel USDJPY Volatility
Comments & ConfusionUSDJPY is back under offer today as volatility in the pair continues. The pair plunged almost 4% on Thursday before buyers kicked in to send the rate back up over the last two...
The USD corrective uptrend finally ran out of steam on Tuesday, as attempts to break above the 104.20 horizontal resistance level late last week and Monday failed. Buyers folded their hands ahead of...
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