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Forex

Daily Market Outlook, July 27, 2023

Daily Market Outlook, July 27, 2023Munnelly’s Market Commentary… After the Federal Reserve's widely expected 25bps rate hike and Chairman Jerome Powell's remarks about keeping the door open...

USDCAD H4 | Approaching pullback support

TitleUSDCAD H4 | Approaching pullback supportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.31529 and could potentially reverse from here; we could see momentum carry price...

EURUSD Rallying Ahead of ECB Meeting

 ECB on WatchOn the back of the latest hike from the Fed yesterday, focus now shifts to the ECB today. As with the Fed, the ECB is widely expected to hike rates by a further .25% today and so the...

EURUSD H4 | Potential react off 50% Fibo?

TitleEURUSD H4 | Potential react off 50% Fibo?TypeBearish ReversalPreference:Price is moving toward our pivot of 1.11437 that aligns with 50% Fibo retracement. A reverse from here, price could fall to...

GBPUSD H4 | Potential react off 50% Fibo?

TitleGBPUSD H4 | Potential react off 50% Fibo?TypeBearish ReversalPreference:Price is approaching our pivot point of 1.29757 that aligns with 50% Fibo retracement. A reverse from here, price could...

AUDUSD H4 | Rising into resistance

TitleAUDUSD H4 | Rising into resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.68331 which is a pullback resistance that aligns with the 127.2% Fibonacci extension...

The Fed and Inflation: A Longer Road to Policy Shift

So, the FOMC day has arrived. The market has already priced in one rate hike (according to futures, with a 99% chance), and judging by the recent bullish rebound of the dollar, it doubts that the...

Aussie CPI Sees Near Term RBA Rate Repricing

CPI Falls AgainThe Aussie Dollar has come under pressure today on the back of the latest set of Australian inflation figures released overnight. CPI was seen cooling further last month, with the...

Daily Market Outlook, July 26, 2023

Daily Market Outlook, July 26, 2023Munnelly’s Market Commentary… Asian equity markets traded in a mixed fashion overnight  with a lack of clear direction as major central bank policy decisions are...