The price of silver is approaching the key horizontal level of 30.00. At this stage, the asset’s price might either rebound from this level or get back under it and drop to the supporting level of...
Daily Market Outlook, May 24, 2024
Daily Market Outlook, May 24, 2024Munnelly’s Macro Minute…“Profit Taking Ahead Of The Holiday Weekend”Asian markets and currencies experienced a decline after a sell-off on Wall Street, which was...
Potential Bullish Reversal for Crude Oil?
TitlePotential Bullish Reversal for Crude Oil?TypeBullish BouncePreference:Price is falling towards the pivot point of 81.46 which is a pullback support level and could potentially reverse from here;...
XAUUSD H4 I Bullish Bounce
TitleXAUUSD H4 I Bullish BounceTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.0852 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement level...
Oil Testing Key Support After EIA Data
Crude Drops on USD RallyOil prices continue to trade lower this week as a resurgent US Dollar and hawkish Fed expectations weigh on sentiment. Crude futures have slipped by almost 4% this week and are...
Gold Prices at a Crossroads: What’s Next?
The price of gold rebounded from the resistance level of 2448, signifying the upcoming formation of a potential top. Now, the price of this asset is heading down, targeting the level of 2285. This...
Gold Sinks on Hawkish Fed Minutes
Fed Concerned Over Inflation ProgressGold prices are seeing heavy selling across early European trading on Thursday. The market has reacted negatively to the release of last night’s FOMC minutes with...
Daily Market Outlook, May 23, 2024
Daily Market Outlook, May 23, 2024Munnelly’s Macro Minute…“Nvidia Earnings Beat Sees US Markets Soar To New All Time Highs ”Following the release of positive quarterly results by Nvidia, US market...
Daily Market Outlook, May 22, 2024
Daily Market Outlook, May 22, 2024Munnelly’s Macro Minute…“Sticky UK Inflation Supports Sterling, FOMC & Nvidia On Deck Later”Asian equities stumbled due to a lack of domestic drivers, while the...
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