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Forex

Three Reasons to Expect that the Dollar Rally could Gain Momentum
Three Reasons to Expect that the Dollar Rally could Gain Momentum

Retracement in US equities gains traction, but it appears to be proceeding in an orderly manner: the S&P 500 has been declining for six consecutive sessions, but it is not losing more than 1% per...

Rising US Yields Push Equities into Turmoil, Gold into Deeper Downside
Rising US Yields Push Equities into Turmoil, Gold into Deeper Downside

The yield on long-term US bonds has risen to the highest level of the year, which is also the highest level since the end of 2007:Clearly, investors believe that the expected Fed monetary policy...

AUDUSD Under Pressure As Unemployment Rises
AUDUSD Under Pressure As Unemployment Rises

Weak Jobs DataAUDUSD has come under fresh selling pressure today on the back of the latest Aussie employment data released overnight. The unemployment rate was seen moving up to 3.7% from 3.5% prior,...

Hawkish FOMC Minutes Boost Dollar
Hawkish FOMC Minutes Boost Dollar

USDJPY Rally ContinuesUSDJPY broke out to new highs for the year yesterday as the rally in the pair off the July lows continues to gather pace.  USD has seen strong demand over recent weeks against a...

Daily Market Outlook, August 17, 2023
Daily Market Outlook, August 17, 2023

Daily Market Outlook, August 17, 2023Munnelly’s Market Commentary… Asian equity markets mostly experienced another day of selling, in line with losses on Wall Street. Yields in the market continued to...

GBPJPY H4 | Potential Bearish reversal?
GBPJPY H4 | Potential Bearish reversal?

TitleGBPJPY H4 | Potential Bearish reversal?TypeBearish ReversalPreference:Price has reacted off our pivot point at 186.3, which is aligned with a swing high resistance way back in December 2015. This...

USDCAD H4 | Approaching pullback support?
USDCAD H4 | Approaching pullback support?

TitleUSDCAD H4 | Approaching pullback support?TypeBullish BouncePreference:Price is falling towards the pivot point of 1.35011 which is an overlap support that aligns close to the 23.6% Fibonacci...

GBPUSD H4 | Potential bearish reversal?
GBPUSD H4 | Potential bearish reversal?

TitleGBPUSD H4 | Potential bearish reversal?TypeBearish ReversalPreference:Price is approaching our pivot point of 1.27405 which is a multi swing high resistance that aligns with 61.8 % Fibo...

Daily Market Outlook, August 16, 2023
Daily Market Outlook, August 16, 2023

Daily Market Outlook, August 16, 2023Munnelly’s Market Commentary… Asian equity markets faced downward pressure in response to declines on Wall Street, reflecting a broad risk-off sentiment triggered...