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Forex

Daily Market Outlook, December 11, 2023

Daily Market Outlook, December 11, 2023Munnelly’s Market Minute… Asia - Stocks in the Asia-Pacific region traded mixed as investors processed recent data releases, including strong US jobs data and...

GBPUSD H4 | Bearish continuation expected?

Title:GBPUSD H4 | Bearish continuation expected?TypeBearish DropPreference:Price is currently at our pivot point of 1,2542, which serves as an overlap resistance level. A reversal from this point...
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US Labor Market Data Creates Headwinds for the Treasury Market as Signs of Inflation Pressures Persist

There are increasing signs that the hawkish policies of central banks are restraining consumer spending and investments to the extent that inflation in the United States and globally is maintaining a...

EURUSD H1 | Falling to support level?

TitleEURUSD H1 | Falling to support level?TypeBearish DropPreference:Price is currently at our pivot point of 1.0764, which serves as an overlap resistance level that aligns with the 50% Fibo...

Daily Market Outlook, December 8, 2023

Daily Market Outlook, December 8, 2023Munnelly’s Market Minute… Asia - Most stocks traded higher, but gains were limited due to cautious sentiment ahead of the US NFP jobs report and recent BoJ...

USDJPY H4 | Potential bearish reversal?

TitleUSDJPY H4 | Potential bearish reversal?TypeBearish BreakoutPreference:The current price is falling towards our pivot at 143.726, a pullback support. It could break through the pivot and continue...

GBPUSD H4 I Continue to support level?

Title:GBPUSD H4 I Continue to support level?TypeBearish DropPreference:The price is falling from our pivot point of 1.2586,  A fall from this point could lead the price to fall to the 1st support at...

NFP Preview: US Employment Resilience Persists Amid Mixed Labor Market Signals

In the latter half of the week, bearish pressure on European currencies has somewhat eased, with EURUSD consolidating in the range of 1.0750-1.08 and GBPUSD at 1.25-1.26. This hints that the upcoming...

AUDUSD H4 I Bearish reversal?

TitleAUDUSD H4 I Bearish reversal?TypeBearish DropPreference:The price is currently at our pivot point of 0.6605, which serves as an overlap resistance level that closes to the 61.8% fibo...