<p>Get the 7 Step Checklist Johnathon Fox Uses to Find Every High Probability Price Action Trade</p> <p>The sentiment surrounding the EURJPY pair seems more positive as buyers have started re-entering the market. This has caused price action to rebound from the last line of defense at the 155.40 mark. This appears to be primarily
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BOE: How Long Can It Stave Off Cuts?
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Intraday Analysis – XAU grinds lower
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CMC Connect Expands Offerings: Cash Equities Trading Now Available
<p>CMC Connect, the global provider of liquidity and white-label trading solutions to brokerage firms, has expanded its suite of tradable instruments to include cash equities. </p><p>Currently, the platform offers access to over 5000 instruments, including individual stocks and ETFs, amplifying its existing Contract for Difference
USDCHF H4 | Reversing to support level?
TitleUSDCHF H4 | Reversing to support level?TypeBearish ReversalPreference:Price is reacting off our pivot line at 0.87631, a pullback resistance, and is falling to the 1st support at 0.86884, a swing low supportAlternative scenario:Price could break the pivot line at 0.87631 and rise to the 1st resistance level at 0.88095 a pullback resistanceTo d
GBP Slides on Fresh GDP Drop
UK GDP Sinks in OctoberThe British Pound has come under fresh selling pressure today on the back of weaker-than-forecast GDP data this morning. October GDP printed -0.3%, down from 0.2% prior and below the -0.1% the market was looking for. On the back of a 0% quarterly reading over Q3, October’s data is a worrying […]
Gold Under Pressure Ahead of FOMC
Gold Correction ContinuesGold prices are looking vulnerable this week amidst a bout of fresh USD strength ahead of the FOMC later today. Yesterday’s November CPI reading showed that inflation slowed to 3.1% annually from 3.2%, in line with expectations. While still headed in the right direction, the deflationary momentum we’ve seen across recent mo
BCOUSD D1 | Falling to pullback support
TitleBCOUSD D1 | Falling to pullback supportTypeBullish BouncePreference:Price is falling towards the pivot point of 71.655 which is a pullback support and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 77.899 which is a pullback resistance level.Alternative scenario:If price breaks below the pivo
COP28 Deal Weighs on Crude – Fed Next
Record Breaking DealCrude oil prices remain under pressure through the middle of the week amidst news of the COP 28 climate deal. The almost 200 nations represented at the COP28 summit agreed on a record deal to transition away from fossil fuels in a bid to help tackle the increasingly worrying effects of climate change. […]
Daily Market Outlook, December 13, 2023
Daily Market Outlook, December 13, 2023Munnelly’s Market Minute… Asia – Asia-Pacific stocks traded mixed as investors were cautious ahead of the FOMC announcement. The Nikkei 225 increased modestly thanks to an encouraging Tankan survey, which showed improved sentiment among Japan's large manufacturers and non-manufacturers. On the other