Daily Market Outlook, December 1, 2023Munnelly’s Market Commentary… Asia - Asian-Pacific stocks had a relatively subdued start to the new month, experiencing limited movement as markets took a pause...
EURJPY H4 | Bearish reversal off 50% fibo?
TitleEURJPY H4 | Bearish reversal off 50% fibo?TypeBearish ReversalPreference:Price could rise towards our pivot point at 162.14, which is a swing high resistance level, aligning with the 50% fibo...
AUDUSD H4 | Bullish bounce off 38.2% fibo?
TitleAUDUSD H4 | Bullish bounce off 38.2% fibo?TypeBullish BouncePreference:Price is falling to our pivot point at 0.6588, which is an overlap support, aligning with the 38.2% fibo retracement. If...
Mixed Economic Signals Across Asia and Global Markets
PMI data released on Friday showed that manufacturing activity across Asian countries experienced uneven changes in November. While Japan and Korea saw a slowdown, unexpectedly, private enterprises in...
Copper And EUR/USD: Bearish Outlook
The price of copper rebounded from the supporting level of 3.5500 and approached the downtrend. The price of this asset managed to break the downtrend. However, it doesn’t hold the position well, so...
Daily Market Outlook, November 30, 2023
Daily Market Outlook, November 30, 2023Munnelly’s Market Commentary… Asia - .stocks concluded the month with a mixed and uncertain performance, despite notable gains, as uncertainty lingered around...
EURUSD Sinks On Surging ECB Rate-Cut Bets
ECB Rate Cut ExpectationsEURUSD has come under heavy selling pressure over the last 24 hours in response to a shift in the market’s outlook on ECB rates. Traders are now fully pricing in an ECB rate...
GBP/USD day I Bearish reversal?
TitleGBP/USD day I Bearish reversal?TypeBearish ReversalPreference:The price is rising toward our pivot point of 1.2786, which serves as a multi-swing resistance level. A reverse from this point could...
Eurozone Inflation Plummets: Euro and Pound Drop Amid Elevated ECB Rate Cut Expectations
The Dollar Index rose at the beginning of the European session, gaining about 0.3% in a short period, attempting to consolidate above the 103 level. The primary surge was driven by a decline in the...
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