Market Sentiment Shifts as Fed and ECB Stance Cautious, EUR/USD Dips
The EUR/USD pair saw a notable decline to 1.0850 during Friday's European session, as market sentiment took a cautious turn. This movement came in response to statements from Fed policymakers who...
Daily Market Outlook, May 16, 2024
Daily Market Outlook, May 16, 2024Munnelly’s Macro Minute…“Markets Buoyant With Goldilocks Inflation & Retail Sales Data”Equity markets in the Asia-Pacific region continued to rise, reflecting the...
USD Retreats Amidst PPI Release, Market Awaits CPI Verdict
In the wake of the Producer Price Index release, the US Dollar has shown signs of retreat. The downward revisions presented in the PPI figures have instigated market sentiments, fostering a belief in...
Fed Comments Help USD Counter a Streak of Weak Labor Market Data; All Eyes on CPI
The US Dollar found some support following statements by Fed Vice Chairman Philip Jefferson advocating for a prolonged period of rate stability. Jefferson's remarks injected a semblance of...
Daily Market Outlook, May 14, 2024
Daily Market Outlook, May 14, 2024Munnelly’s Macro Minute…“Markets Consolidate Ahead of Powell & US PPI Catalysts”Asian equity markets showed a mix of performance, while European futures displayed...
Calm Before the Storm in FX
US Inflation Key This WeekWe’re seeing quiet trading across the board on Tuesday as traders brace for tomorrow’s headline CPI data. The reading will be pivotal in determining USD direction over the...
Brent Oil Forecast: Potential Price Drop Ahead
The price of Brent oil broke the key resistance level of 84.00 and started an uptrend. The asset’s price rebounded to the crossing point of these trendlines and formed a long black candle at the end...
Daily Market Outlook, May 13, 2024
Daily Market Outlook, May 13, 2024Munnelly’s Macro Minute…“Markets Await Powell Speech Ahead Of Pivotal US Inflation Prints”Equity markets in the Far East experienced mixed performance, highlighted by...
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