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Daily Market Outlook, June 06, 2023

Daily Market Outlook, June 06, 2023Munnelly’s Market Commentary… Asian equity markets had a mixed trading session overnight, with price action mostly range bound. The subdued performance on the Wall...

Daily Market Outlook, June 05, 2023

Daily Market Outlook, June 05, 2023Munnelly’s Market Commentary… Asian equity markets traded mostly in positive territory, driven by the momentum from Friday's gains on Wall Street and boosted by...

AUDUSD H4 | Potential bounce off 38.2%

TitleAUDUSD H4 | Potential bounce off 38.2%TypeBullish BouncePreference:Price is testing our pivot point at 0.65747 that aligns with a 38.2% Fibonacci retracement. A bounce off from here, price could...

Daily Market Outlook, June 02, 2023

Daily Market Outlook, June 02, 2023Munnelly’s Market Commentary… Most Asian equity markets had a positive trading session as the region drew inspiration from the gains on Wall Street. The S&P 500...

Daily Market Outlook, June 01, 2023

Daily Market Outlook, June 01, 2023Munnelly’s Market Commentary… Most Asian equity markets experienced positive trading overnight following the passage of the debt ceiling bill by the US House of...

RBA Rate Hikes Back In Focus After Aussie CPI Beat

CPI Still Not Falling Fast EnoughThe latest Australian inflation data overnight no doubt makes difficult reading for the RBA . Annual CPI was seen rising 6.8% last month, above the 6.4% the market was...

Daily Market Outlook, May 31, 2023

Daily Market Outlook, May 31, 2023Most Asian equity markets traded lower as they took cues from a mixed handover from Wall Street. Investor sentiment was clouded by opposition to the debt ceiling bill...

Daily Market Outlook, May 30 , 2023

Daily Market Outlook, May 30 , 2023Despite positive developments in the US debt ceiling negotiations, the risk sentiment remained cautious during the Asian trading session. President Biden and House...

AUDUSD, Day | Bounce off support level

TitleAUDUSD, Day | Bounce off support levelTypeBearish BreakoutPreference:Price has just bounced off our pivot point of 0.65012 which is a pullback support level. A reverse from here, price could...