Daily Market Outlook, October 18, 2024 Munnelly’s Macro Minute…"PBOC Launches It’s Swap Facility, Markets Overlook Mixed Data To Trade Higher”China's stock market rose on Friday as the...
BOJ Risks Seen AS USDJPY Breaks 150
Yen Selling ContinuesThose who sold USDJPY short into the YTD lows are continuing to sweat this week as the pair’s recovery makes further headway. Price is now up almost 8% off the lows printed in...
AUDUSD H4 I Bearish Reversal
TitleAUDUSD H4 I Bearish ReversalTypeBearish Reversal Preference:The price is moving up towards the pivot level of 0.6715, which acts as a pullback resistance. A reversal at this level could cause...
Market Analysis: USD Eases Amid Chinese Stimulus; GBP Strengthens on Robust Retail Sales
The US Dollar has softened in Friday's US trading session, experiencing a modest pullback after a week of significant gains against major G20 currencies. This easing is primarily attributed to...
EURUSD H4 | Bearish Reversal
TitleEURUSD H4 | Bearish ReversalTypeBearish ReversalPreference:The price is moving up towards the pivot level of 1.0895, which acts as an overlap resistance close to 23.62% Fibonacci retracement. A...
Dollar Rallying on US Elections Uncertainty
Trump TradeAs the US elections draw nearer, now just 3 weeks away on Nov 5th, markets are starting to show some skew. The US Dollar has been rising steadily in recent weeks. While part of this move...
Bitcoin Forecast: Potential Price Drop Ahead
The price of Bitcoin is heading up and closely approaching the resistance zone formed between strong levels of 70000 and 72000. Also, this area is located next to the flat downtrend. So, it looks like...
FX Options Insights 17/10/24
FX Options Insights 17/10/24The absence of current FX realised volatility is reflected in the pressure on shorter-dated expiration implied volatility in the majority of major currency pairings. Until...
Market Analysis: USD Extends Climb on Hawkish Macro Surprises
The greenback continues its relentless climb, marking the fifth consecutive day of gains. The US Dollar Index (DXY), a widely-watched gauge tracking the Greenback against a basket of six major...
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