RBA Cites Fresh Economic FearsThe Australian Dollar has been a little softer on the back of the latest meeting minutes, released overnight. The minutes revealed that while most members agreed that...
Canadian CPI On Watch Today
CAD Inflation on WatchCanadian CPI will be on watch today. Following the bank’s latest hike this month, the market has become more uncertain over its BOC expectations. With two consecutive hikes in...
NZDUSD H4 | Approaching pullback support
TitleNZDUSD H4 | Approaching pullback support TypeBullish ReversalPreference:Price is falling towards the pivot point of 0.62973 and could potentially reverse from here; we could see momentum carry...
Bitcoin Analysis: Potential Drop Ahead?
Last week Bitcoin bulls tried to break through and remain above the resistance level of 31000 but bears quickly seized the initiative and brought the asset back under this level. This resulted in a...
EURUSD Remains Bullish As Fed Expectations Shift
US CPI Drop Boots EUREURUSD remains firm at the start of the week following a breakout move higher last week. The catalyst behind the move was a deeper drop in US inflation than had been expected....
USDCAD H4 | Potential Bearish Reversal?
TitleUSDCAD H4 | Potential Bearish Reversal? TypeBearish ReversalPreference:Price is rising towards the pivot point of 1.32421 and could potentially reverse from here; we could see momentum carry...
Market Adjustments and Inflation Slowdown: Implications for the Dollar
Last week, there was a significant adjustment in financial markets to the new reality, where sticky high inflation in the US may not be an issue anymore. This was primarily driven by the US inflation...
USDJPY H4 | React off resistance level?
TitleUSDJPY H4 | React off resistance level?TypeBearish ReversalPreference:Price is approaching our pivot point of 138.879 which is an overlap support level that aligns with 23.6% Fibo retracement. A...
Daily Market Outlook, July 17, 2023
Daily Market Outlook, July 17, 2023Munnelly’s Market Commentary… Asian equity markets started the week on a subdued note as market participants digested mixed economic growth and activity data from...
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