Daily Market Outlook, May 24 , 2023Asian equities mostly traded in the red, following the negative lead from Wall Street. Investor sentiment was affected by ongoing concerns over the US debt limit...
AUDUSD H4 | Bounce off 1st support
TitleAUDUSD H4 | Bounce off 1st supportTypeBullish BouncePreference:Price is falling to our pivot point of 0.65787 which is a swing low support level. A bounce from here. price could rally to 1st...
UK Inflation Spike Sparks Global Market Concerns. S&P 500 on the Point to Break Downside
The data on British inflation has caused serious concerns in the markets about the prospect of a renewed acceleration of inflation worldwide. The core inflation (which excludes volatile goods) jumped...
NZD Tanks As RBNZ Signals End of Tightening Campaign
RBNZ Hiking Finished The New Zealand Dollar is falling sharply today on the back of the latest RBNZ meeting overnight. Despite the central bank hiking rates by a further .25%, the sell-off emerged as...
GBP Firmer As Sticky Inflation Keeps Pressure On BOE
Headline CPI Drops But Not As Much As ExpectedThe latest UK inflation data today offered some hope for consumers. Headline CPI was seen dropping back to 8.7% last month, down from 10.1% the prior...
EUR Falling Despite Hawkish ECB Commentary
de Coz Echoes Lagarde On the back of the hawkish sentiment expressed by ECB president Christine Lagarde on Sunday, we heard an interesting comment from ECB’s de Coz yesterday, head of the Bank of...
EURGBP H4 | Running into resistance
TitleEURGBP H4 | Running into resistanceTypeBearish ReversalPreference:Price is approaching the pivot point of 0.87154 and could potentially reverse from here, we could see momentum carry price down...
Daily Market Outlook, May 23 , 2023Asian equities traded with uncertainty as investors assessed the latest updates on the debt limit negotiations. While the meeting between US President Biden and...
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