RBA Says Hikes Still PossibleThe Australian Dollar is trading with a spring in its step across the European morning on Tuesday. Overnight, the RBA held rates unchanged, as expected. However, the tone...
Divergence Persists Between US and Euro Area Economies
The economic tale of two continents persisted through the final quarter of 2023, with the United States outpacing the euro area yet again. According to recent data, the US economy expanded by 0.8%...
Federal Reserve Advocates Patience as UK Economic Woes Plague Pound
The EURUSD pair is currently hovering near recent lows, extending the downside on Monday as markets still digest the stellar NFP report released last Friday and the unexpected verbal intervention from...
Strong US Dollar Weighing on Euro
Euro Lower on MondayEURUSD is testing below the 1.0785 level today for the first time since early December as a strong US Dollar sets the tone for FX markets. The Dollar is rising on the back of a set...
Gold and USD/CAD: Potential Price Rise Ahead
Last week, Gold formed a gap and broke the local downtrend (points 1, 2, and 3). Hence, the price of this asset might potentially get back to the broken downtrend and then rebound forward. In this...
Daily Market Outlook, February 5, 2024
Daily Market Outlook, February 5, 2024Munnelly’s Market Minute…“Powell Hitting Pause On Rate Cut Expectations”Asian stocks were mostly subdued due to the red-hot jobs report and Fed Chair...
Daily Market Outlook, February 2, 2024
Daily Market Outlook, February 2, 2024Munnelly’s Market Minute…“Mega Tech Earnings Boost Equities, Focus Shifts To Jobs Data”Prior to the release of the monthly US labor report later today, most...
GBPJPY Poised For Fresh Leg Higher?
Pound Pushing HigherGBP is rallying on the back of yesterday’s BOE meeting, creating some interesting opportunities across the FX space. The reaction might appear at little counter-intuitive given the...
January US NFP Beats Estimates, Markets Dial Back Dovish Bets Further
Gold prices took a nosedive following the release of January's Nonfarm Payrolls (NFP) data by the United States Bureau of Labor Statistics. The report revealed a staggering 353K new hires,...
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