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Forex

Sticky Eurozone Inflation Tests ECB Easing Expectations

EZ CPI Beats ForecastsThe latest set of eurozone inflation data today told a familiar tale. The flash eurozone CPI estimate for February came in at (headline) 2.6% vs 2.5% expected with core also seen...

Resistance Overhead

TitleResistance OverheadTypeBearish ReversalPreference:Price could rise towards the pivot point of 0.65243 which is an overlap resistance level and potentially reverse from here; we could see momentum...

Daily Market Outlook, March 1, 2024

Daily Market Outlook, March 1, 2024Munnelly’s Market Minute…“The Nikkei Opens The New Month With A Surge To Record Highs”The new month starts with Japan's Nikkei Average hitting a new high above...

Dollar Boosted By PCE Data

Core PCE RisesThe US Dollar is catching a bid ahead of the weekend following yesterday’s data. The core PCE price index was seen rising to 0.4% from the prior month’s 0.1% reading. Given that the data...

Mixed US Data Signals Disappoint USD

In the aftermath of the second US Gross Domestic Product (GDP) reading, the US Dollar (USD) finds itself off its intraday high, grappling with the nuanced implications of the unveiled data. While the...

Daily Market Outlook, February 29, 2024

Daily Market Outlook, February 29, 2024Munnelly’s Market Minute…“Markets Focus Shifts To US PCE Data Ahead Of Month End”Equity markets in China are higher, while elsewhere in the Asian region they are...

Dollar Testing Support Following GDP Miss

 Soft Data Weighing on USDThe US Dollar remains muted as we move through into the back end of the week. Yesterday, advance Q1 GDP came in a touch below forecasts at 3.2% vs 3.3% expected. On the back...

Approaching Pullback Resistance

TitleApproaching Pullback ResistanceTypeBearish ReversalPreference:Price could rise towards the pivot point of 0.65234 which is a pullback resistance level and potentially reverse from here; we could...

USDJPY H4 | Bearish Breakout

TitleUSDJPY H4 | Bearish BreakoutTypeBearish DropPreference:Price is currently at the pivot point of 149.84, a multi-swing low support level. A breakout from this level could lead the price to fall to...