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Forex

GBPJPY Correction Offers Bullish Opportunities
GBPJPY Correction Offers Bullish Opportunities

UK Data in FocusGBPJPY is correcting sharply lower today as JPY gains on USD weakness. The latest set of UK labour market readings today have kept hawkish BOE expectations well-primed. However, with...

Modest US Payrolls Spur Dollar Sell-Off but CPI may Come to the Rescue
Modest US Payrolls Spur Dollar Sell-Off but CPI may Come to the Rescue

Until the NFP release last Friday, the US fundamental backdrop was quite favorable for the dollar and equities. ADP reported around 500,000 new jobs, and the ISM services activity index comfortably...

Weak Start For GBP Following Bailey Comments
Weak Start For GBP Following Bailey Comments

Bailey Notes BOE FlexibilityGBP is starting the week under a  bit of pressure following comments from BOE governor Bailey yesterday. Speaking at a conference in France, Bailey noted that the BOE would...

Daily Market Outlook, July 10, 2023
Daily Market Outlook, July 10, 2023

Daily Market Outlook, July 10, 2023Munnelly’s Market Commentary… Asian equity markets showed a positive start to the week, although gains were limited due to investors digesting softer-than-expected...

EURUSD Traders Eye Lagarde & NFP
EURUSD Traders Eye Lagarde & NFP

EURUSD Range PersistsEURUSD continues to hold in very choppy, tightly congested formation ahead of the upcoming headline US data today. The market has been tightly wound recently with some pointing to...

USDCHF H4 | Potential bullish reversal
USDCHF H4 | Potential bullish reversal

TitleUSDCHF H4 | Potential bullish reversalTypeBullish BouncePreference:Price is falling towards the pivot point of 0.89266 and could potentially reverse from here; we could see momentum carry price...

NFP Reports Surprises on the Downside but all Eyes are on the Wage Growth
NFP Reports Surprises on the Downside but all Eyes are on the Wage Growth

The US fixed income market remains under pressure as Treasury bond yields break key resistance levels on US data surprises. On Thursday, the data from ADP and ISM surprised on the upside, once again...

EURUSD H4 |  Running into resistance
EURUSD H4 |  Running into resistance

TitleEURUSD H4 |  Running into resistanceTypeBearish ReversalPreference:Price could approach the pivot point at 1.09183 and potentially reverse from here; we could see momentum carry price down to its...

Bullish USD Sentiment Following ADP & ISM Data Beats
Bullish USD Sentiment Following ADP & ISM Data Beats

ADP Employment SoarsThe US Dollar rose on the back of a slew of positive data prints yesterday. Both the ADP employment number and the ISM services PMI came in well above expectations. For the APD...