Lack of Detail at PolitburoThe keenly awaited Chinese Politburo meeting yesterday was a mixed bag for investors. On the one hand, commodities prices and local markets were seen rising as Chinese...
Daily Market Outlook, July 25, 2023
Daily Market Outlook, July 25, 2023Munnelly’s Market Commentary… Asian equity markets traded higher, with Chinese stocks leading the gains. The rally in Chinese stocks came after the country's...
Options Market Highlights Risks Ahead of BOJ
Market Muted Ahead of BOJGBPJPY is currently stuck in a holding pattern between the 179.95 and 184.33 levels. GBP has cooled recently on the back of the latest inflation data which showed that CPI...
GBP Under Pressure Following PMI Miss
PMIs Drop AgainFollowing on from the weak eurozone data we saw this morning, the latest round of PMIs out of the UK today struck a similar tone. The manufacturing PMI was seen falling to 45 from 46.5...
AUDUSD H4 | Falling to pullback support
TitleAUDUSD H4 | Falling to pullback supportTypeBullish BouncePreference:Price is falling towards the pivot point of 0.67014 and could potentially reverse from here; we could see momentum carry price...
USDJPY H4 | Falling to support level?
TitleUSDJPY H4 | Falling to support level?TypeBearish ReversalPreference:Price is nearing our pivot point of 142.225 which is a pullback resistance level that aligns with 61.8% Fibo retracement,. A...
Daily Market Outlook, July 24, 2023
Daily Market Outlook, July 24, 2023Munnelly’s Market Commentary… Asian equity markets started the week on a positive note, but gains were limited due to uncertainty ahead of key risk events. US equity...
Bitcoin At a Crossroads: What’s Next?
Gold rebounded from the resistance level of 1980, which is also the broken neckline of the double top. The asset’s price might potentially gain psychological support at the level of 1900, rebound, and...
EUR Tanks As Eurozone PMIs Plunge Further
German Data Drops AgainEURUSD is trading lower today as EUR comes under heavy selling pressure on the back of a slew of negative data today. The latest round of eurozone PMIs saw factory and...
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