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Forex

Pound Falls On Weak UK Jobs Data

UK Unemployment RisesThe British Pound is seeing some selling pressure through early European trading on Tuesday with GBPUSD turning lower from yesterday’s highs. The latest UK economic data released...

USD Retreats Amidst PPI Release, Market Awaits CPI Verdict

In the wake of the Producer Price Index release, the US Dollar has shown signs of retreat. The downward revisions presented in the PPI figures have instigated market sentiments, fostering a belief in...

Bearish Downtrend

TitleBearish DowntrendTypeBearish ReversalPreference:Price could rise towards the pivot point of 0.6023 which is a pullback resistance level and potentially reverse from here; we could see momentum...

GBPUSD H4 | Bearish Drop

TitleGBPUSD H4 | Bearish DropTypeBearish DropPreference:Price is currently at the pivot of 1.2556 which is close to 61.8% Fibonacci retracement. A drop from this level could lead the price to fall to...

Daily Market Outlook, May 13, 2024

Daily Market Outlook, May 13, 2024Munnelly’s Macro Minute…“Markets Await Powell Speech Ahead Of Pivotal US Inflation Prints”Equity markets in the Far East experienced mixed performance, highlighted by...

Overlap Support at 61.8% Fibonacci Retracement

TitleOverlap Support at 61.8% Fibonacci RetracementTypeBullish BouncePreference:Price is falling towards the pivot point of 1.3629 which is an overlap support that aligns with the 61.8% Fibonacci...

EURUSD H4 | Bullish bounce

TitleEURUSD H4 | Bullish bounceTypeBullish BouncePreference:Price is falling toward the pivot point of 1.0750, a pullback support that aligns with the 61.8% Fibo retracement. A bounce from this level...

Pound Pushing Higher On UK GDP Beat

UK Growth JumpsGBPUSD is pushing higher today on the back of the latest growth data released this morning which showed that the UK moved out of recession last quarter. Prelim Q/Q GDP came in at 0.6%...

Daily Market Outlook, May 10, 2024

Daily Market Outlook, May 10, 2024Munnelly’s Macro Minute…“Jobless Claims Uptick Boosts Rate Cut Hopes Supporting Risk Sentiment ”The Asia-Pacific equity markets showed overall optimism following a...