GBPJPY is rallying hard at the start of the week. Hawkish expectations ahead of the BOE meeting later this week are reinforcing the divergence between the BOJ and the BOE. This disparity in monetary...
UK CPI On Watch Ahead of BOE
Mixed BOE ExpectationsOn the back of the Fed and ECB meetings last week, the BOE steps into the limelight this week. Traders are widely expecting the bank to push ahead with a fresh rate hike this...
Daily Market Outlook, June 19, 2023
Daily Market Outlook, June 19, 2023Munnelly’s Market Commentary… Asian equity markets traded in negative territory overnight as investors reacted to the losses on Wall Street from Friday. Market...
Yen Left Adrift as Bank of Japan’s Dovish Position Holds Steady
The dollar is gradually recovering after major losses last week:The plunge occurred on Thursday following the release of the US import price data. In May, import prices declined by 0.6% for the month,...
ECB takes the mantle in policy tightening, opening door for Euro’s rise
The European Central Bank (ECB) managed to meet the market's hawkish expectations at yesterday's meeting. Like the Federal Reserve (Fed), the European regulator attempted to convey the...
GBPJPY week | Potential bearish reversal
TitleGBPJPY week | Potential bearish reversalTypeBullish BouncePreference:Price is currently at our pivot point of 180.581 which aligns with a 78.6% Fibo retracement. A reverse from here, price could...
USDJPY H4 | Potential bullish reversal
TitleUSDJPY H4 | Potential bullish reversalTypeBullish BouncePreference:Price could approach the pivot point of 140.13 and potentially reverse from here; we could see momentum carry price up to its...
ECB Delivers Hawkish Fireworks
EUR RallyingEUR is pushing firmly higher on the back of the June ECB meeting yesterday. The single currency spiked in response to a decidedly hawkish meeting from the bank. Yesterday I outlined that...
Daily Market Outlook, June 16, 2023
Daily Market Outlook, June 16, 2023Munnelly’s Market Commentary… Asian equity markets traded higher, taking cues from the gains on Wall Street. The major indices in the US were boosted by a weaker...
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