The Core PCE Report Gave Hope for a Softening Stance by the Federal Reserve.
The confidence level of central bank leaders in further interest rate hikes is increasing, as demonstrated by the ECB symposium in Sintra. Powell stated that the policy may not be restrictive enough,...
NZDUSD H4 | Bearish reversal off pivot
TitleNZDUSD H4 | Bearish reversal off pivotTypeBearish ReversalPreference:Price has reversed from the pivot point at 0.60948 to drop lower. Could momentum carry price down to its 1st support at...
Options Market Eyeing July BOJ Move
Ueda Hints at Potential Policy ShiftIn the first clear sign that the BOJ is contemplating a shift in policy, BOJ’s Ueda told markets yesterday that the bank sees good reason for a shift in policy into...
Daily Market Outlook, June 29, 2023
Munnelly’s Market Commentary… Asian equity markets traded with mixed results as indecision prevailed heading towards the end of the month, quarter and half year. The performance followed a volatile...
AUDJPY H4 | Potential bullish reversal
TitleAUDJPY H4 | Potential bullish reversalTypeBullish BouncePreference:Price could approach the pivot point of 95.329 and potentially reverse from here; we could see momentum carry price up/down to...
The flow of US Data Dashes Hopes of a Pause in the Federal Reserve's Tightening
Gold investors appear to have become weary of waiting for low interest rates (as central banks show no indication of halting their current tightening course), developments in the US banking stress...
EURUSD H4 | Bounce off 50% Fibo
TitleEURUSD H4 | Bounce off 50% FiboTypeBullish BouncePreference:Price is currently at our pivot point of 1.09085 which aligns with a 50.0% Fibo retracement level. We can expect a bounce off the 50.0%...
Daily Market Outlook, June 28, 2023
Daily Market Outlook, June 28, 2023Munnelly’s Market Commentary… Asian equity markets traded in a mixed fashion overnight, failing to fully sustain the momentum from the gains on Wall Street. The...
Hawkish RBA Expectations Fade On Soft Aussie CPI
Aussie CPI SlipsThe Australian Dollar has fallen lower today on the back of the latest set of Aussie inflation figures overnight. CPI was seen cooling to 5.6% last month, down from the prior month’s...
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