Dollar Braces for a Second Retest of the Key Resistance Level
On the backdrop of Super Tuesday and anticipation surrounding the potential resurgence of former US President Donald Trump in the Republican Party, the US Dollar commenced the week with a vigorous...
Daily Market Outlook, March 5, 2024
Daily Market Outlook, March 5, 2024Munnelly’s Market Minute…“China Data & Congress Stimulus Measures Dissapoint”On Tuesday, Asian shares showed a mixed performance as investors took into account...
Daily Market Outlook, March 4, 2024
Daily Market Outlook, March 4, 2024Munnelly’s Market Minute…“China Sentiment Supported By Congress Hopes”Asian Equities and European stock futures are on the rise, echoing last week's strong...
USD/JPY Eyes Three-Month High as BoJ Divergence and Fed Expectations Drive Market Dynamics
The USD/JPY pair is striding confidently towards a three-month high of 151 level, fueled by a blend of divergent central bank. As the Japanese Yen weakens in response to signals from the Bank of...
Daily Market Outlook, March 1, 2024
Daily Market Outlook, March 1, 2024Munnelly’s Market Minute…“The Nikkei Opens The New Month With A Surge To Record Highs”The new month starts with Japan's Nikkei Average hitting a new high above...
Mixed US Data Signals Disappoint USD
In the aftermath of the second US Gross Domestic Product (GDP) reading, the US Dollar (USD) finds itself off its intraday high, grappling with the nuanced implications of the unveiled data. While the...
Daily Market Outlook, February 29, 2024
Daily Market Outlook, February 29, 2024Munnelly’s Market Minute…“Markets Focus Shifts To US PCE Data Ahead Of Month End”Equity markets in China are higher, while elsewhere in the Asian region they are...
Daily Market Outlook, February 28, 2024
Daily Market Outlook, February 28, 2024Munnelly’s Market Minute…“Markets Cautious Ahead of US GDP Then PCE Tomorrow”Asian Markets: Markets in the region are cautious ahead of key US data releases. The...
Heading into Resistance
TitleHeading into ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 39,023.47 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level...
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