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Forex

GBP Slides As Retail Inflation Falls
GBP Slides As Retail Inflation Falls

UK Shop Prices FallBritish consumers will no doubt be cheering the latest data out of the UK today. The BRC shop price index was seen falling to 2.9% in January, down from 4.3% last month. At this...

Pound, Euro Remain Confined in Ranges Despite Central Bank Uncertainty
Pound, Euro Remain Confined in Ranges Despite Central Bank Uncertainty

The Pound Sterling faced a decline as investor sentiment turned cautious in anticipation of a bustling week. The GBP/USD pair experienced a gradual fall, with all eyes on the forthcoming interest rate...

EURJPY Testing Key Level As EZ GDP Comes in Flat
EURJPY Testing Key Level As EZ GDP Comes in Flat

EUR Under PressureThe Euro is seeing fresh selling pressure on Tuesday as traders digest the latest data out of the eurozone. One of the big themes which has developed at the start of 2024 is central...

Daily Market Outlook, January 30, 2024
Daily Market Outlook, January 30, 2024

Daily Market Outlook, January 30, 2024Munnelly’s Market Minute…“Eurozone Q4 GDP Eyed”Asian markets saw a mixed trading session with the momentum from Wall St's record highs offset by weakness in...

Daily Market Outlook, January 29, 2024
Daily Market Outlook, January 29, 2024

Daily Market Outlook, January 29, 2024Munnelly’s Market Minute…“China Winds Up Evergrande, Middle East Tensions Rise”Over the weekend, news emerged that China's securities regulator would halt...

Strong US Data Raises Hawkish Risks Into FOMC
Strong US Data Raises Hawkish Risks Into FOMC

GDP Beats ForecastsThe US Dollar is pushing higher on Friday following yet a further set of positive data yesterday. Advance Q4 GDP was seen at 3.3% vs 2% expected. While down from the prior quarter’s...

EURUSD H4 | Rising to resistance
EURUSD H4 | Rising to resistance

TitleEURUSD H4 | Rising to resistanceTypeBullish BouncePreference:Currently, the price has bounced off the pivot point at 1.08307, a swing-low support. Price is on an uptrend and could rise to 1st...

EURGBP Day | Bearish continuation
EURGBP Day | Bearish continuation

TitleEURGBP Day | Bearish continuationTypeBearish BreakoutPreference:The current price is on the pivot point at 0.85259 an overlap support, it could breakout and continue with the downtrend and fall...

Pullback Resistance at 61.8% Fibo
Pullback Resistance at 61.8% Fibo

TitlePullback Resistance at 61.8% FiboTypeBearish ReversalPreference:Price could rise towards the pivot point of 1.27362 which is a pullback resistance that aligns close to the 61.8% Fibonacci...