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...
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,...
TitlePotential Bearish ReversalTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.61315 which is an overlap resistance that aligns with the 23.6% Fibonacci retracement level...
EURGBP H4 | Bullish bounce
TitleEURGBP H4 | Bullish bounceTypeBullish BouncePreference:The price could bounce off the pivot point at 0.85543, the multi-swing-low support and it might continue to rise to 1st resistance at...
EURUSD and USJDPY Analysis: Strong Dollar Caps Any Upside But Situation Could Quickly Change
The Bank of Japan left the parameters of monetary policy unchanged at today's meeting. BOJ Governor Ueda adopted an ambiguous position regarding withdrawal from QE policy and interest rate hikes,...
Daily Market Outlook, January 23, 2024
Daily Market Outlook, January 23, 2024Munnelly’s Market Minute…“China Mulling $278Bln Equities Bailout”Asian stocks mostly rose after Wall St's fresh record levels, but gains were limited ahead...
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