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Forex

Daily Market Outlook, November 17, 2023

Daily Market Outlook, November 17, 2023Munnelly’s Market Commentary… Asia - stocks traded mixed, reflecting a choppy performance in the United States as yields declined and market participants...

GBP Slides As Retail Sales Fall Again

Retail Sales Fall AgainThe British Pound is coming under fresh selling pressure today on the back of the latest UK economic data released this morning. Retail sales were seen falling in negative...

Dollar Holding On As Retail Sales Remain Positive

USD Selling PausesThe US Dollar failed to continue the breakdown we saw on Tuesday as better-than-forecast retail sales data yesterday helped stem the selling. While still very weak at 0.1%, down from...

Daily Market Outlook, November 16, 2023

Daily Market Outlook, November 16, 2023Munnelly’s Market Commentary… Asia - .stocks experienced mixed performance, influenced by the choppy trading in the U.S. and a waning of recent data-driven...

EURUSD H4 | Bouncing off support?

TitleEURUSD H4 | Bouncing off support?TypeBullish BouncePreference:The price is falling toward our pivot point of 1.07545, which serves as a pullback support level that aligns with the 38.2% Fibo...

AUDJPY H4 | Falling to 38.2% Fibo support

TitleAUDJPY H4 | Falling to 38.2% Fibo supportTypeBullish BouncePreference:Price is falling towards the pivot point of 97.473 which is a pullback support that aligns close to the 38.2% Fibonacci...

AUDUSD H4 | Bullish reversal off 38.2% Fibo

TitleAUDUSD H4 | Bullish reversal off 38.2% FiboTypeBullish BouncePreference:Price is falling towards the pivot point of 0.64553 which is a pullback support that aligns close to the 38.2% Fibonacci...

Dollar Reacts to Inflation Report, S&P 500 Surges, but Initial Claims Data Sparks Concerns about US Labor Market

The dollar sharply declined after the inflation report, which indicated a significant slowdown in the growth of prices in two key components: the service sector and rental rates. The monthly growth...

EUR/USD Is on The Rise

The price of the currency pair EUR/USD broke the resistance level of 1.0765. The price of this asset should potentially rebound to the broken level, pull back, rise, and target the resistance level of...