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Forex

GBPUSD Holds After Fresh Inflation Rise
GBPUSD Holds After Fresh Inflation Rise

Inflation Rises Below ForecastsThe British Pound has come back under fresh selling pressure today as traders react to the latest UK inflation data. Annualised CPI was seen rising 2.2% last month, up...

Daily Market Outlook, August 14, 2024
Daily Market Outlook, August 14, 2024

Daily Market Outlook, August 14, 2024Munnelly’s Macro Minute…“UK Inflation Continues to Soften, US Data On Deck Later”Following the generally positive signals from Wall Street overnight, Asian markets...

GBPJPY H4 | Bullish Reverse
GBPJPY H4 | Bullish Reverse

TitleGBPJPY H4 | Bullish ReverseTypeBullish BouncePreference:Price is falling toward the pivot of 186.04, an overlap support. a bounce from this level could lead the price to rise to 1st resistance at...

GBPUSD Soars on Better UK Jobs Data
GBPUSD Soars on Better UK Jobs Data

UK Jobless Rate FallsThe British Pound is rallying today on the back of the latest UK economic data this morning. The jobless rate was seen falling back to 4.2% from 4.4% prior, marking a 2 and a half...

GBPJPY H4 | Bearish reversal
GBPJPY H4 | Bearish reversal

TitleGBPJPY H4 | Bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot of 191.43, a pullback resistance close to 38.2% Fib retracement. A reverse from this level could lead...

US Dollar Softens, Stock Markets Rally on Subdued PPI Data
US Dollar Softens, Stock Markets Rally on Subdued PPI Data

The US Dollar is experiencing some softness as markets delve into the aftermath of July's US PPI report. The PPI, a gauge of inflation at the wholesale level, came in softer than anticipated....

GBPUSD H4 | Bearish reversal
GBPUSD H4 | Bearish reversal

TitleGBPUSD H4 | Bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot of 1.2805, an overlap resistance close to 38.2% Fibo retracement. A reverse from this level could lead...

EURGBP H4 | Bearish Continuation
EURGBP H4 | Bearish Continuation

TitleEURGBP H4 | Bearish ContinuationTypeBearish ReversalPreference:Price is rising toward the pivot of 0.8582, an overlap resistance close to 50& Fibo retracement. A reverse from this level could...

Daily Market Outlook, August 13, 2024
Daily Market Outlook, August 13, 2024

Daily Market Outlook, August 13, 2024Munnelly’s Macro Minute…“US Inflation Data Eyed As The Main Driver For A Fed Move ”Following mixed signals from Wall Street overnight, Asian stock markets are...