GBP Weaker As OECD Forecasts UK Growth Disappointment
OECD Raises UK Growth Forecasts... SlightlyThe latest set of forecasts from the OECD makes pretty dim reading for the UK. The economy is set to suffer the second-worst performance of the G7 this year,...
EURJPY H4 | Bounce off 50% Fibo
EURJPY H4 | Bounce off 50% FiboTypeBullish BouncePreference:Price is falling towards the pivot point of 148.565 and could potentially reverse from here; we could see momentum carry price up to its 1st...
USDJPY H4 | Bullish bounce from overlap support
TitleUSDJPY H4 | Bullish bounce from overlap supportTypeBullish BouncePreference:Price is approaching the pivot point of 138.748 and could potentially reverse from here; we could see momentum carry...
Dollar index: Bearish channel keeps short-term buying pressure in check
The dollar upturn eventually lost steam yesterday as there was no significant correction in risk assets following new local high in the S&P 500. The dollar index (DXY) dipped below 104 points:A...
Daily Market Outlook, June 06, 2023
Daily Market Outlook, June 06, 2023Munnelly’s Market Commentary… Asian equity markets had a mixed trading session overnight, with price action mostly range bound. The subdued performance on the Wall...
ECB Warns Higher Rates Needed As Inflation Still Too High
Lowe Lifts Off AgainThe RBA caught markets by surprise once again last night as it lifted its headline cash rate by a further .25% from 3.85% to 4.10%. The move marks the second such unexpected hike...
The greenback rally of May faces test at critical level
The dollar rally of May has been facing difficulties since the beginning of the month. Despite a decent unemployment report, the situation did not favor buyers. The focus is on the story that the...
Aussie Soars on Second Surprise RBA Hike
Lowe Lifts Off AgainThe RBA caught markets by surprise once again last night as it lifted its headline cash rate by a further .25% from 3.85% to 4.10%. The move marks the second such unexpected hike...
USDCAD H4 | Bounce from overlap support
TitleUSDCAD H4 | Bounce from overlap supportTypeBullish BouncePreference:Price is approaching the pivot point of 1.33956 and could potentially reverse from here; we could see momentum carry price up...
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