<div><img width="750" height="430" src="https://assets.iorbex.com/blog/wp-content/uploads/2024/01/23125753/BOC-Interest-Rate-Decision-Still-Too-Early.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="BOC-Interest-Rate-Decision-Still-Too-Early" decoding="asyn
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S&P Closes on Another Record High
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Intraday Analysis – USD Heads Higher
<div><img width="750" height="430" src="https://assets.iorbex.com/blog/wp-content/uploads/2024/01/23110646/Intraday-Analysis-USD-Heads-Higher.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Intraday-Analysis-USD-Heads-Higher" decoding="async" loading=
GBPJPY H4 | Rising to Fibo level
TitleGBPJPY H4 | Rising to Fibo levelTypeBullish BouncePreference:The price is on the pivot point at 188.538, the swing-high resistance, if it breaks the pivot point price might continue to rise to 1st resistance level at 190.154, which aligns with the 61.8% Fibonacci projection level.Alternative scenario:The price could reverse from the pivot poin
Daily Trade Setups #DXY #USDCHF #USDCAD & #BTCUSD
Daily Trade Setups #DXY #USDCHF #USDCAD & #BTCUSDTo access today's real-time actionable analysis click here!…
Bitcoin Heavily Sold As Fed View Shifts
BTC Rout ContinuesThe Bitcoin sell-off continues to deepen this week with BTC futures now down more than 20% from the YTD highs. Selling since the SEC approved a slew of spot-Bitcoin ETFs earlier in the month has largely been attributed to fund outflows from holders who bought in long before approval was granted. In addition […]
BOJ Inflation Comments Drive Yen Rally
JPY Rallying Post-BOJOn the back of the latest BOJ meeting overnight, the Japanese Yen is strengthening a little across early European trading on Tuesday. The BOJ held its headline policy unchanged, with rates remaining in negative territory, as expected. However, there were some hints in the outlook with regard to inflation that appear to have [&h
Copper Boosted By China Stimulus News
Copper Rallies on TuesdayCopper prices are rising today as traders digest news that China is considering a huge new stimulus package aimed at reviving falling stock markets. Reports overnight point to plans to mobilise around $300 billion in funds held in offshore accounts by state owned businesses. The capital will be used to invest in […]
Daily Market Outlook, January 23, 2024
Daily Market Outlook, January 23, 2024Munnelly’s Market Minute…“China Mulling $278Bln Equities Bailout”Asian stocks mostly rose after Wall St's fresh record levels, but gains were limited ahead of risk events. The region also processed the BoJ policy decision and reports of a potential Chinese equity market rescue package. Nikkei 225 extended
The Dollar Enters Consolidation Ahead of the EU PMI data, ECB Meeting, and US reports
The US Dollar commences the week with a somewhat subdued stance, encountering selling pressure in Asia early Monday. This prefaces a bustling week on the macroeconomic front, featuring an array of pivotal data points. Notably, the absence of public addresses from US Federal Reserve officials persists as they adhere to the blackout period preceding