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Forex

Daily Market Outlook, February 16, 2024
Daily Market Outlook, February 16, 2024

Daily Market Outlook, February 16, 2024Munnelly’s Market Minute…“Nikkei Heading For All Time Highs WIth Japan In Recession”The Nikkei reached a 34-year high, just shy of its all-time high of 38,957.44...

Will US Retail Sales Drive Dollar Higher?
Will US Retail Sales Drive Dollar Higher?

US Data Flow ContinuesFollowing a hotter-than-forecast CPI report earlier in the week, traders are today bracing for the next slew of US data. Retail sales will be the key release to watch, along with...

GBP Slides As UK Enters Recession
GBP Slides As UK Enters Recession

GDP Falls AgainThe British Pound is trading lower across the early European session on Thursday. The selling comes in response to the attest growth data out of the UK with preliminary Q4 estimates...

US Dollar Wavers as Disinflation Narrative Persists Amid Mixed Economic Signals
US Dollar Wavers as Disinflation Narrative Persists Amid Mixed Economic Signals

The US Dollar (USD) finds itself in a precarious position, relinquishing its recent gains following a surge triggered by a red-hot inflation report earlier in the week. However, Fed members are...

GBPJPY H4 | Potential bullish bounce
GBPJPY H4 | Potential bullish bounce

TitleGBPJPY H4 | Potential bullish bounceTypeBullish BouncePreference:The price could reverse to the pivot point at 188.246, the overlap support that alings with 38.2% Fibonacci retracement. It could...

GBPUSD H1 | Bearish reversal
GBPUSD H1 | Bearish reversal

TitleGBPUSD H1 | Bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot point of 1.2580 which aligns with the 61.8% Fibo retracement,  A reverse from this level could lead the...

Daily Market Outlook, February 15, 2024
Daily Market Outlook, February 15, 2024

Daily Market Outlook, February 15, 2024Munnelly’s Market Minute…“UK In Technical Recession, BoE Governor Optimistic”Asian equities, particularly chip stocks, drove the rise in Asian markets on...

EURJPY H4 | Potential bullish bounce
EURJPY H4 | Potential bullish bounce

TitleEURJPY H4 | Potential bullish bounceTypeBullish BouncePreference:The price could reverse to pivot at 160.242, the pullback support, from there price could bounce off pivot and rise to 1st...

Dollar Rallies on Hot Inflation Data
Dollar Rallies on Hot Inflation Data

Core CPI RisesThe US Dollar is pushing higher midweek on the back of yesterday’s US inflation figures. Annualised headline CPI was seen at 3.1% last month, lower than the 3.4% seen a month prior but...