Yen Rally Knocks USDThe Dollar rally looks to be taking a breather midweek with the DXY pulling back from the latest test of 103.48 resistance. An uptick in Japanese yields on the back of the latest...
European PMI Aids the Euro in Overcoming a Bearish Retracement
The US Dollar faced a broad decline against major currencies on Wednesday, driven by positive developments in European economic indicators and uncertainties surrounding the upcoming US PMI release....
Daily Market Outlook, January 24, 2024
Daily Market Outlook, January 24, 2024Munnelly’s Market Minute…“China Restricts Short Selling & PBoC Cut RRR BY 0.5%”Asian markets traded with mixed results, influenced by the performance of Wall...
GBPUSD Rallying on UK PMI Beat
GBP Rallying on Better PMIsThe British Pound is seeing firm demand across the European morning on Wednesday. GBPUSD is up around 0.72% on the day and close to testing current 2024 highs following some...
EURJPY H4 | Bearish breakout
TitleEURJPY H4 | Bearish breakoutTypeBearish BreakoutPreference:The current price is on a down trend, once it breaks the pivot point at 160.63, the pullback support aligning with 38.2% Fibonacci...
EURGBP Day | Bouncing off support level
TitleEURGBP Day | Bouncing off support levelTypeBullish BouncePreference:The price is on the pivot point at 0.85515, the multi-swing low support, price could bounce off the level and rise to 1st...
Rising into Overlap Resistance
TitleRising into Overlap ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 2.08436 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement...
BOJ Inflation Comments Drive Yen Rally
JPY Rallying Post-BOJOn the back of the latest BOJ meeting overnight, the Japanese Yen is strengthening a little across early European trading on Tuesday. The BOJ held its headline policy unchanged,...
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