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...
Dollar Sinks As Inflation Softens
US CPI Falls (Finally)The US Dollar plunged lower yesterday on the back of the April CPI and retail sales readings. On the inflation front, annualised CPI was seen declining for the first time in six...
Rising into Resistance
TitleRising into ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 154.56 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level and...
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...
Silver And Copper: Potential Correction Underway?
The price of silver has closely approached a very strong psychological level of 30.00, which also represents the historical maximum point. The price of this asset might potentially rebound and drop....
Aussie Rally Pauses Following Jobs Data
Aussie Stalls into Key Resistance LevelThe Australian Dollar is cooling a little over early European trading on Thursday following a fresh push higher yesterday. Softer US inflation and weak US retail...
EURUSD M15 | Bearish reversal
TitleEURUSD M15 | Bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot point of 1.0888, a pullback resistance. A reversal from this level could lead the price to fall to 1st...
USDJPY M15 | Bearish Drop
TitleUSDJPY M15 | Bearish DropTypeBearish DropPreference:Price is currently at the pivot point of 156.36. A drop from this level could lead the price to fall to 1st support at 155.95, a pullback...
BOJ in Focus Ahead of US CPI
USDJPY Turning LowerA softening US Dollar on Wednesday will certainly be welcomed by the Bank of Japan. USDJPY had been rising steadily following the intervention-driven crash from around 160 to low...
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