Daily Market Outlook, May 2, 2024Munnelly’s Macro Minute…“Recent Data Leaves Powell Boxed In, Further JPY Intervention Eyed”In Asian trade, equities mostly climbed following remarks from Fed Chair...
Potential Bullish Bounce
TitlePotential Bullish BounceTypeBullish BouncePreference:Price is falling towards the pivot point of 2,278.34 which is a pullback support level and could potentially reverse from here; we could see...
Crude Under Pressure - What to Watch
Fading Middle East Tensions Weigh on CrudeOil prices are turning lower as we cross through the middle of the week. Crude futures has slipped back to their lowest level since early March as a...
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...
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...
Falling to 61.8% Fibonacci Support
TitleFalling to 61.8% Fibonacci SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 26.58 which is a pullback support that aligns close to the 61.8% Fibonacci retracement...
Bearish Momentum
TitleBearish MomentumTypeBearish ReversalPreference:Waiting for the price to pull back at the pivot at 2332. A reverse from this level could lead the price to fall to 1st support at 2318.Alternative...
Daily Market Outlook, April 29, 2024
Daily Market Outlook, April 29, 2024Munnelly’s Macro Minute…“JPY Intervention Sees A Volatile Open To FX Trading”In early trading, the JPY experienced significant volatility, rallying strongly after...
Falling to 50% Fibonacci Support
TitleFalling to 50% Fibonacci SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 87.49 which is an overlap support that sits above the 50.0% Fibonacci retracement level...
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