Traders Brace for ECBEURUSD is kicking off the week with no clear directional signal as traders brace for the ECB meeting on Thursday. Markets had been heavily expecting the ECB to cut rates this...
Daily Market Outlook, June 3, 2024
Daily Market Outlook, June 3, 2024Munnelly’s Macro Minute…“ECB & US Payrolls Data The Macro Drivers For The Start of June”Asian equity markets kicked off the week positively amid fluctuating...
GBPUSD M15 I Short term bullish bounce
TitleGBPUSD M15 I Short term bullish bounceTypeBullish BouncePreference:Price is falling toward the pivot of 1.2708, a pullback support close to 61.8% retracement. A reverse from this level could lead...
EURUSD On Watch Into Key US Data
US PCE Data DueWe’ve seen rather muted action across FX markets this week with most pairs simply treading water within recent ranges. However, today’s headline US core PCE data holds the power to...
Oil Drops On Weak China Data - US Inflation Next
Crude Falls BackFollowing a strong start to the week, oil prices have turned lower through the last few days with crude futures now down around 4% from the week’s highs. A combination of a stronger US...
EURUSD H1 | Bearish Drop
TitleEURUSD H1 | Bearish DropTypeBearish ReversalPreference:Price is rising toward the pivot of 1.0829, a pullback resistance level. A reverse from this level could lead the price to fall to 1st...
EUR/USD Sentiment Improves after EU Inflation Data as Markets Pare Bets on Dovish ECB Stance
In Friday's trading session, the EUR/USD surged above the 1.0850 mark, bolstered by stronger-than-expected inflation figures from the Eurozone. According to Eurostat, the Harmonized Index of...
Daily Market Outlook, May 31, 2024
Daily Market Outlook, May 31, 2024Munnelly’s Macro Minute…“Month End Flows & Inflation Data In Focus”On Friday, Asian stocks saw an increase and are set to mark the fourth consecutive month of...
NZDUSD H4 | Potential Bullish Bounce
TitleNZDUSD H4 | Potential Bullish BounceTypeBullish BouncePreference:Price is falling towards the pivot point of 0.6114 which is a pullback support level and could potentially reverse from here; we...
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