Daily Market Outlook, April 18, 2024Munnelly’s Macro Minute…“Scant Econ Data, CB Speakers On Deck Along With Tech Earnings”Asian stocks rose on Thursday as authorities' resistance to a...
Heading towards a Pullback Resistance
TitleHeading towards a Pullback ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.8568 which is a pullback resistance that sits above the 61.8% Fibonacci...
EURUSD M15 | Bullish Rise
TitleEURUSD M15 | Bullish RiseTypeBullish BouncePreference:Price is falling toward the pivot point of 1.0627, a pullback support.. A bounce from this level could lead the price to rise to 1st...
Powell Says Rates To Stay High As Long As Needed
Dollar in DemandThe US Dollar is holding at highs as we move through the middle of the week. Monday’s better-than-forecast retail sales data, hot on the heels of last week’s bumper inflation reading,...
Daily Market Outlook, April 17, 2024
Daily Market Outlook, April 17, 2024Munnelly’s Macro Minute…“Another Powell Flip Flop On Rate Cut Timing Weighs On Risk”On Wednesday, global markets continue navigating through some volatility,...
GBPUSD M30 I Bullish Bounce
TitleGBPUSD M30 I Bullish BounceTypeBullish BouncePreference:Price is falling toward the pivot point of 1.2432, a pullback support that aligns with 38.2% Fibo retracement. A bounce from this level...
Euro and Pound React to Inflation Data: What Lies Ahead?
Inflation data releases from both the Eurozone and the United Kingdom spurred the recovery of the Euro and the Pound Sterling on Wednesday. Let's delve into the implications of these figures and...
Pound Drops As UK Jobless Level Rises
Unemployment Rate RisesThe latest set of UK labour market readings, released today, was something of a mixed bag. On the one hand, wages were seen holding steady at 5.6%, above the expected 5.5%, with...
Bullish Uptrend to resume after Pullback?
TitleBullish Uptrend to resume after Pullback?TypeBullish BouncePreference:Price could fall towards the pivot point of 1.3738 which is a pullback support level and potentially reverse from here; we...
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