US Inflation Report for October Alters Dollar Outlook
The latest US inflation report for October appears to have cast doubt on the prospects of a strengthening dollar in the medium term. Details from the report revealed that two crucial components of the...
GBPUSD H4 I Waiting for a pullback?
TitleGBPUSD H4 I Waiting for a pullback?TypeBearish ReversalPreference:The price is breaking thru our pivot point of 1.2397, wait for a pullback at the pivot point . A reversal from this point could...
USDCAD H4 I Falling to support level?
TitleUSDCAD H4 I Falling to support level?TypeBearish DropPreference:Price has just reacted off our pivot point of 1.375, which serves as an overlap resistance level. A reversal from this point could...
NZDUSD H4 | Rising toward resistance?
TitleNZDUSD H4 | Rising toward resistance?TypeBearish BreakoutPreference:The price is falling toward our pivot point of 0.5940, which serves as a pullback support level. A bounce from this point could...
Daily Market Outlook, November 17, 2023
Daily Market Outlook, November 17, 2023Munnelly’s Market Commentary… Asia - stocks traded mixed, reflecting a choppy performance in the United States as yields declined and market participants...
GBP Slides As Retail Sales Fall Again
Retail Sales Fall AgainThe British Pound is coming under fresh selling pressure today on the back of the latest UK economic data released this morning. Retail sales were seen falling in negative...
Dollar Holding On As Retail Sales Remain Positive
USD Selling PausesThe US Dollar failed to continue the breakdown we saw on Tuesday as better-than-forecast retail sales data yesterday helped stem the selling. While still very weak at 0.1%, down from...
Daily Market Outlook, November 16, 2023
Daily Market Outlook, November 16, 2023Munnelly’s Market Commentary… Asia - .stocks experienced mixed performance, influenced by the choppy trading in the U.S. and a waning of recent data-driven...
EURUSD H4 | Bouncing off support?
TitleEURUSD H4 | Bouncing off support?TypeBullish BouncePreference:The price is falling toward our pivot point of 1.07545, which serves as a pullback support level that aligns with the 38.2% Fibo...
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