Dollar CorrectionThe US Dollar has softened into the middle of the week following a breakout move in the DXY which saw the index trading up to its highest levels since November earlier this week....
EURUSD Holds Steady Amid the Dollar's Struggle: Market Analysis
In the midst of the midweek trading session, the EURUSD pair maintains a firm stance above the 1.0750 mark, refusing to relinquish its modest gains. A tug-of-war between the Euro and the US Dollar...
Daily Market Outlook, February 7, 2024
Daily Market Outlook, February 7, 2024Munnelly’s Market Minute…“FedSpeakers On Deck, With A Scant Data Docket”Asian stocks were mostly positive due to a decline in global yields and further Chinese...
EURJPY H4 | Potential bearish breakout
TitleEURJPY H4 | Potential bearish breakoutTypeBearish BreakoutPreference:EURJPY could reverse and break out of pivot at 158.468, the swing-low support. From there it might drop further to the 1st...
GBPUSD Sinks on Dovish BOE Comments
Pound Breaks DownGBPUSD is holding for now at the foot of yesterday’s losses following dovish commentary from BOE chief economist Huw Pill. The BOE policymaker told reporters that the bank is on...
Daily Market Outlook, February 6, 2024
Daily Market Outlook, February 6, 2024Munnelly’s Market Minute…“China Sovereign Fund Stepping In, Leads Asian Markets Higher”Asian stocks showed a mixed performance, as Chinese market stabilization...
Aussie Rallies on Hawkish RBA Warning
RBA Says Hikes Still PossibleThe Australian Dollar is trading with a spring in its step across the European morning on Tuesday. Overnight, the RBA held rates unchanged, as expected. However, the tone...
Divergence Persists Between US and Euro Area Economies
The economic tale of two continents persisted through the final quarter of 2023, with the United States outpacing the euro area yet again. According to recent data, the US economy expanded by 0.8%...
Federal Reserve Advocates Patience as UK Economic Woes Plague Pound
The EURUSD pair is currently hovering near recent lows, extending the downside on Monday as markets still digest the stellar NFP report released last Friday and the unexpected verbal intervention from...
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