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Forex

Daily Market Outlook, May 1, 2024

Daily Market Outlook, May 1, 2024Munnelly’s Macro Minute…“Market MAYDAY, Will Powell Come To The Rescue?”Asian markets are trending downward this morning, a reaction to the previous day's...

Will The Fed Cause Fireworks in USD Today?

USD in Focus TodayThe US Dollar is pushing higher today as traders brace for plenty of volatility risk throughout the session. We have both the ADP employment figures and ISM manufacturing due this...

Daily Market Outlook, April 30, 2024

Daily Market Outlook, April 30, 2024Munnelly’s Macro Minute…“Month End Positioning Expected To Drive Dollar Demand”Asian stocks mostly gained ground, driven primarily by Japanese equities. Despite the...

Potential Bearish Breakout

TitlePotential Bearish BreakoutTypeBearish BreakoutPreference:Price could fall towards the pivot point of 0.6522 which is a potential breakout level and could drop lower from here; we could see...

Euro Holds Firm Above Key Resistance Amid ECB Rate Cut Speculation

In the hustle and bustle of Monday's early New York session, the EUR/USD pair showcased resilience, maintaining its position above the critical resistance level of 1.0700. The spotlight now falls...

Euro Succumbs to Dollar Might Amidst Strong US Data and Fed Status-Quo Speculations

In Tuesday’s early New York session, the EUR/USD pair took a downward spiral, relinquishing its intraday gains and descending to the pivotal support level of 1.0700. Despite a surge in positive...

EURUSD Attempting to Break Higher As GDP Jumps

CPI Stalls at 2.4%The eurozone flash CPI estimate, released this morning, showed that headline inflation in the single currency bloc remains unchanged at 2.4% last month. Additionally, the core...

Bullish Bounce

TitleBullish BounceTypeBullish BouncePreference:Price is falling toward the pivot of 1.2520, an overlap support level. A bounce from this level could lead the price to rise to 1st resistance at...

Rising into 50% Fibonacci Overlap Resistance

TitleRising into 50% Fibonacci Overlap ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.5968 which is an overlap resistance that aligns with the 50.0% Fibonacci...