Strong Job Growth Boosts U.S. Dollar, but Mixed Economic Indicators Keep Markets Cautious
The US Dollar saw an uptick following the Payrolls report, which unexpectedly exceeded the forecast in terms of job growth. The DXY dollar index rose above 106.50, once again targeting the bullish...
EURGBP H4 I Bearish continuation expected?
TitleEURGBP H4 I Bearish continuation expected?TypeBearish ReversalPreference: The price is rising toward our pivot point at 0.86701, which is an overlapping resistance level. A reversal from this...
USDCAD H4 | Falling to 23.6% Fibo support
TitleUSDCAD H4 | Falling to 23.6% Fibo supportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.36955 which is an overlap support that aligns with the 23.6% Fibonacci...
EURUSD H4 | Reacting off 61.8% Fibo?
TitleEURUSD H4 | Reacting off 61.8% Fibo?TypeBearish ReversalPreference:Price is rising toward our pivot point of 1.05502, which serves as a pullback resistance level aligning with the 61.8%...
USDJPY H4 | Downside confirmation?
TitleUSDJPY H4 | Downside confirmation?TypeBearish ReversalPreference:Price is currently at our pivot point at 148.5, which is a pullback resistance level. A reversal from this point could lead to a...
Daily Market Outlook, October 5, 2023
Daily Market Outlook, October 5, 2023Munnelly’s Market Commentary… Asian equity markets mostly traded higher, finding relief as risk assets rebounded with yields retreating from recent highs after...
Cautious Markets React to Disappointing Jobs Data and Oil Inventory Surge
Oil prices resumed their downward trend on Wednesday following the release of employment data from ADP:Job growth was significantly lower than expected, with only 83K jobs added compared to the...
The price of Bitcoin has tested the level of 28500. However, Bitcoin didn’t manage to hit the key levels of 29000 and 30000. The asset’s price might still retest the broken downtrend, rebound, and...
GBPUSD H4 | Rising into resistance?
TitleGBPUSD H4 | Rising into resistance?TypeBearish ReversalPreference:Price could rise towards the pivot point of 1.21038 which is a pullback resistance that aligns with the 23.6% Fibonacci...
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