Daily Market Outlook, April 11, 2024Munnelly’s Macro Minute…“US Inflation Aftershocks, USD Bid, Euro Traders Eye ECB ”After receiving mostly negative signals from Wall Street on Wednesday, Asian stock...
GBPUSD H4 | Potential bearish reversal
TitleGBPUSD H4 | Potential bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot point of 1.2594, a pullback resistance close to the 38.2% Fibonacci retracement level. A...
Dollar Spikes on Inflation Upset
CPI Squashes June Rate Cut HopesThe US Dollar has moved firmly higher on the back of yesterday’s March inflation reading. Annualised headline CPI was seen rising to 3.5% from 3.2% prior, above the...
EURUSD H4 | Bearish reversal
TitleEURUSD H4 | Bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot point of 1.0804, a pullback resistance close to the 50% Fibonacci retracement level. A reversal from...
USD Reacts to Mixed Inflation Data: Eyes on ECB Meeting
The US Dollar is currently undergoing a knee-jerk reaction, with traders making slight adjustments to their Greenback positions following the release of the hot Consumer Price Index data from...
S&P500 Forecast: Potential Correction Underway!
American stock index S&P500 keeps heading up. Currently, the price of this asset remains at the level of 5245. It might slightly rise in the future. However, the asset’s price is likely to undergo...
US Inflation Jolts Markets: USD Dominance on the Rise
Today's market landscape saw the EUR/USD pair maintaining a subdued stance around the 1.0850 mark, as investors held their breath ahead of the eagerly awaited release of the US CPI. The BLS...
Daily Market Outlook, April 10, 2024
Daily Market Outlook, April 10, 2024Munnelly’s Macro Minute…“All Eyes On US Inflation For The Next Move In Markets”On Wednesday, Asian stocks traded higher despite Fitch's rating downgrade of...
Silver Hits New 2024 Highs Ahead of US CPI
XAG Rally ContinuesSilver prices are continuing to push higher this week with silver futures breaking out to fresh highs for the year today. The market has been well supported in recent weeks, drawing...
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