Daily Market Outlook, February 2, 2024Munnelly’s Market Minute…“Mega Tech Earnings Boost Equities, Focus Shifts To Jobs Data”Prior to the release of the monthly US labor report later today, most...
GBPJPY Poised For Fresh Leg Higher?
Pound Pushing HigherGBP is rallying on the back of yesterday’s BOE meeting, creating some interesting opportunities across the FX space. The reaction might appear at little counter-intuitive given the...
January US NFP Beats Estimates, Markets Dial Back Dovish Bets Further
Gold prices took a nosedive following the release of January's Nonfarm Payrolls (NFP) data by the United States Bureau of Labor Statistics. The report revealed a staggering 353K new hires,...
Daily Market Outlook, February 1, 2024
Daily Market Outlook, February 1, 2024Munnelly’s Market Minute…“Focus Shifts To BoE After Post FOMC Selloff”Asian markets showed a mixed performance following losses on Wall Street due to concerns in...
GBPUSD Testing Support Ahead of BOE
BOE Up NextFollowing on from the Fed yesterday, the BOE will step into centre stage today. Given the building speculation around anticipating the first 2024 central bank rate cuts, there is plenty of...
USD Rises As Fed Says No Rush to Cut Rates
Fed Pushes Back on Rate-Cut CallsThe US Dollar is seeing a decent bid across early European trading on Thursday. Last night, the Fed held its headline policy rate unchanged as expected while adding...
Selling Risks Persist for EURUSD as Key Bearish Targets are Yet to be Met
The EUR/USD pair isn't catching a break, heading south for the second day straight and hovering around 1.0790 during the European session on Thursday. The mighty US Dollar is gaining traction...
Traders Brace For The Fed - DXY in Focus
Fed in FocusAll eyes today are on the US Dollar as the Fed prepares to deliver its January FOMC decision. While no policy change is expected this time around, traders will be carefully scouting the...
Aussie Slips Following Fresh Inflation Fall
Aussie Inflation Falls AgainThe Australian Dollar is looking a little softer across the European morning on Wednesday following the latest domestic data overnight. Australian CPI was seen falling back...
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