Daily Market Outlook, February 13, 2024Munnelly’s Market Minute…“Nikkei Multi Decade Highs, US CPI Next”Equities in the Asia-Pacific region saw a notable uptick, particularly in Japan's Nikkei...
GBPJPY H4 | Bearish reversal
TitleGBPJPY H4 | Bearish reversalTypeBearish ReversalPreference:The price could rise to the pivot at 188.776, the multi-swing high resistance, from the pivot it could potentially reverse to the 1st...
Resilient US Inflation Presents Growing Dilemma for the Fed
The latest report from the US Bureau of Labor Statistics (BLS) revealed a slight softening in inflationary pressures in the United States, with the Consumer Price Index (CPI) showing a year-on-year...
Daily Market Outlook, February 12, 2024
Daily Market Outlook, February 12, 2024Munnelly’s Market Minute…“Quiet Start To A Data Heavy Week”Asia was quiet on Monday with several centers on holiday. It's also a public holiday for Lunar...
US CPI Key For USD This Week
US Data DueTraders are braced for plenty of volatility this week with a slew of key economic data due. The schedule kicks off tomorrow with the keenly awaited US CPI reading for January. On the back...
EURUSD price action lays the groundwork for its rally, the progress hinges on US CPI update
EUR/USD displayed resilience last week, closing positively for the fourth consecutive day, though ultimately ending the week virtually unchanged. Despite an initial surge to the 1.0800 mark, marking a...
Bitcoin at Crossroads: Potential Rebound or Breakout Ahead!
The price of Bitcoin has closely approached the key resistance level of 49000. The asset’s price might either rebound from the resistance or break it through. Hence, it would be interesting to follow...
Dollar Rises on Strong Data, Technicals Signal Near Pullback Point
The latest data on the American economy show that it is growing significantly faster than previously thought: over the past two weeks, the estimate of the quarterly GDP growth rate, calculated by the...
EURGBP H4 | Bullish breakout
TitleEURGBP H4 | Bullish breakoutTypeBullish BreakoutPreference:EURGBP is rising to the pivot at 0.85452, the overlap resistance that coincides closely with the 61.8% Fibonacci retracement. Price...
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