Post-CPI EURUSD Surge Runs Out of Steam as Hawkish Fed Weighs on Sentiment
EUR/USD staged a bullish breakout following soft US PPI figures, which, however, proved to be short-lived as a hawkish FOMC update and EU political concerns dominate the market narrative. The PPI data...
Daily Market Outlook, June 13, 2024
Daily Market Outlook, June 13, 2024Munnelly’s Macro Minute…“Moderating US Inflation Steals The Show As Stocks Surge ”On Thursday, Asian stocks surged, and bond yields declined as investors assessed...
Silver Forecast: Potential Price Rise Ahead
The price of silver is testing a very important supporting level of 30.00, trying to form an engulfing at the same time. Once the formation of the engulfing is completed, the price of this asset might...
EUR/USD Surges Above 1.0800 Amid Softer US Inflation Data
The EUR/USD pair broke through the key 1.0800 level during Wednesday’s New York session, spurred by unexpectedly mild US inflation figures for May. The latest Consumer Price Index report indicated...
USDCAD H4 | Bullish Bounce
TitleUSDCAD H4 | Bullish BounceTypeBullish BouncePreference:Price is falling toward the pivot point of 1.3724, a pullback support close to 38.2% Fibo retracement. A bounce from this level could lead...
USDCHF H4 | Bearish Drop
TitleUSDCHF H4 | Bearish DropTypeBearish DropPreference:Price is currently at the pivot point of 0.8976, an overlap resistance. A drop from this level could lead the price to fall to 1st support at...
Daily Market Outlook, June 12, 2024
Daily Market Outlook, June 12, 2024Munnelly’s Macro Minute…“A Potentially Wild Wednesday WIth US Inflation & FOMC On Deck ”During the Asian session, China experienced a 0.1% decrease in its...
EURUSD H4 | Falling from 38.2?
TitleEURUSD H4 | Falling from 38.2?TypeBearish ReversalPreference:Price is rising toward the pivot of 1.0794, a pullback resistance close to the 38.2% Fibo retracement, A fall from this level could...
Softer UK Jobs Data But Wages Hold Steady
UK Jobs Market WeakensThe near-term outlook in the UK remains muddy on the back of the latest labour market data this morning. The unemployment rate was seen rising to 4.4% from 4.3% prior with the...
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