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Forex

Daily Market Outlook, November 9, 2023
Daily Market Outlook, November 9, 2023

Daily Market Outlook, November 9, 2023Munnelly’s Market Commentary… Asia - stocks were mostly on the rise today, taking cues from a positive trend on Wall Street. Across most major markets in the...

Will Powell Drive USDJPY Breakout?
Will Powell Drive USDJPY Breakout?

USDJPY Testing HighsUSDJPY is pushing higher today ahead of keenly awaited comments from Fed chairman Powell. Giving the introductory speech yesterday at a Research and Statistics conference, traders...

AUDUSD H4 | Potential bullish bounce off 61.8% Fibo
AUDUSD H4 | Potential bullish bounce off 61.8% Fibo

TitleAUDUSD H4 | Potential bullish bounce off 61.8% FiboTypeBullish BouncePreference:Price is falling towards the pivot point of 0.63994 which is an overlap support that aligns with the 61.8%...

GBPUSD Heavily Sold on UK Growth Fears
GBPUSD Heavily Sold on UK Growth Fears

GBP Under PressureFollowing a sharp break higher on Friday, GBPUSD has since run into heavy selling pressure and is now fast approaching a full reversal of last week’s gains. The shift in sentiment...

Daily Market Outlook, November 8, 2023
Daily Market Outlook, November 8, 2023

Daily Market Outlook, November 8, 2023Munnelly’s Market Commentary… Asia - markets had a mixed performance following a similar trend from Wall Street, with the market activity being very limited in...

USDCAD H4 | Potential bullish bounce
USDCAD H4 | Potential bullish bounce

TitleUSDCAD H4 | Potential bullish bounceTypeBullish BouncePreference:Price is falling towards the pivot point of 1.37378 which is an overlap support that aligns with the 23.6% Fibonacci retracement...

Daily Market Update: Dollar Rebound and Eurozone Challenges
Daily Market Update: Dollar Rebound and Eurozone Challenges

The greenback has regained its footing, and a pivotal factor behind this resurgence is the hawkish stance taken by several Fed members. Notably, we saw both a hawk, Neel Kashkari, and a dove, Austan...

NZDUSD H4 | Potential bearish breakout
NZDUSD H4 | Potential bearish breakout

TitleNZDUSD H4 | Potential bearish breakoutTypeBearish BreakoutPreference:Price could fall towards the pivot point of 0.59179 which is an overlap support and could potentially break below this level;...

Aussie Falls on Fresh RBA Rate Hike
Aussie Falls on Fresh RBA Rate Hike

Bullock Hikes Rates FurtherThe Australian Dollar has come under heavy selling pressure today despite the RBA hiking rates once again overnight. New RBA governor Bullock lifted rates by a further .25%...