GBP Rallying On Solid UK Labour Data - Bailey Up Next
Unemployment DropsGBP is rallying today on the back of the latest set of UK labour market figures. The unemployment rate was seen falling to 3.8% from 3.9%, in contrast to expectations for a 4%...
Markets Increasingly Bet on the End of the Fed Tightening Cycle
The dollar correction is in full swing as sellers explore new June lows, and this was largely influenced by the moderately positive CPI report for May:The core inflation retreated from 5.5% to 5.3%,...
Daily Market Outlook, June 13, 2023
Daily Market Outlook, June 13, 2023Munnelly’s Market Commentary… Asian equity markets traded mostly higher, taking cues from the gains on Wall Street. The S&P 500 and Nasdaq 100 reached their...
GBPUSD H1 | Potential bearish reversal
TitleGBPUSD H1 | Potential bearish reversalTypeBearish ReversalPreference:Price is currently at our pivot point of 1.25653 which lines up with a 78.6% Fibo retracement. A reverse from here. price...
USDCHF H4 | Bullish reversal from 61.8% Fibo
TitleUSDCHF H4 | Bullish reversal from 61.8% FiboTypeBullish BouncePreference:Price is falling towards the pivot point of 0.90296 and could potentially reverse from here; we could see momentum carry...
AUDUSD H4 | Heading into resistance
TitleAUDUSD H4 | Heading into resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.67953 and could potentially reverse from here; we could see momentum carry price...
Daily Market Outlook, June 12, 2023
Daily Market Outlook, June 12, 2023Munnelly’s Market Commentary… Asian equity markets traded with a mixed tone as the region approached a week filled with significant risk events, including major...
EUR/USD and Silver Bears are Still in the Game
Last week the currency pair EUR/USD remained in the range and formed a pattern resembling a flag and signifying the potential continuation of the trend. Should the asset break the lower boundary of...
GBPUSD Day | React off resistance
TitleGBPUSD Day | React off resistanceTypeBearish ReversalPreference:Price is currently at our pivot point of 1.25776 which is a pullback resistance level. A reverse from here. price could fall to 1st...
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