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
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
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
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
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, 2024Munnelly’s Market Minute…“UK In Technical Recession, BoE Governor Optimistic”Asian equities, particularly chip stocks, drove the rise in Asian markets on...
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...
Potential Pullback before Resuming the Uptrend
TitlePotential Pullback before Resuming the UptrendTypeBullish BouncePreference:Price could fall towards the pivot point of 1.35412 which is a pullback support that aligns with the 23.6% Fibonacci...
Daily Market Outlook, February 14, 2024
Daily Market Outlook, February 14, 2024Munnelly’s Market Minute…“US CPI Upside Surprise Leads To Selloff”Most Asian equity indices are trading in negative territory, reflecting the downturn observed...
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