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Forex

Downside Risks for Aussie As Trade Surplus Shrinks
Downside Risks for Aussie As Trade Surplus Shrinks

Aussie Trade Data Fuels ConcernsData overnight showed that the Australian trade surplus narrowed sharply last month. The Australian Bureau of Statistics reported a trade balance of AUD 8.04 billion...

CAD Plunging Ahead of BOC
CAD Plunging Ahead of BOC

BOC on WatchThe Bank of Canada meets for its September rate-setting meeting today and while no further policy adjustments are expected, traders will be keeping a close eye on the bank’s forward...

USDCAD H4 | Bullish bounce off 38.2% Fibo?
USDCAD H4 | Bullish bounce off 38.2% Fibo?

TitleUSDCAD H4 | Bullish bounce off 38.2% Fibo?TypeBullish BouncePreference:Price is falling towards the pivot point of 1.36026 which is an overlap support that aligns with the 38.2% Fibonacci...

AUDUSD H4 | Bearish reversal off 23.6% Fibo?
AUDUSD H4 | Bearish reversal off 23.6% Fibo?

TitleAUDUSD H4 | Bearish reversal off 23.6% Fibo?TypeBearish ReversalPreference:Price is rising towards the pivot point of 0.64005 which is a pullback resistance that aligns with the 23.6% Fibonacci...

Daily Market Outlook, September 6, 2023
Daily Market Outlook, September 6, 2023

Daily Market Outlook, September 6, 2023Munnelly’s Market Commentary… Asian equity markets started the day with a bearish tone, influenced by the lacklustre performance on Wall Street. Investors there...

GBPJPY H4 | Bullish reversal off 78.6% fibo?
GBPJPY H4 | Bullish reversal off 78.6% fibo?

TitleGBPJPY H4 | Bullish reversal off 78.6% fibo?TypeBullish BouncePreference:Price has made a lower high, and we can expect price to fall further to our pivot point at 184.06, which is an overlap...

AUDUSD Sells Off Heavily On RBA & China Data
AUDUSD Sells Off Heavily On RBA & China Data

RBA Holds SteadyThe Aussie Dollar has come under heavy selling pressure today on the back of the September RBA meeting and yet a further set of weak China data. The RBA held rates unchanged at the...

Daily Market Outlook, September 5, 2023
Daily Market Outlook, September 5, 2023

Daily Market Outlook, September 5, 2023Munnelly’s Market Commentary… Asian equity markets remained relatively subdued following the recent lull in U.S. markets and amid contemplation of disappointing...

Dollar Soars on Safe-Haven Flows
Dollar Soars on Safe-Haven Flows

DXY on The MarchThe US Dollar is seeing a wave of fresh demand this week as safe-haven demand supports the greenback. The heavy miss on the Chinese Caixin services PMI overnight has fuelled fresh...