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...
Copper Rally Pushes Higher
Copper Breaking OutThe rally in copper prices continues this week with copper futures breaking out to fresh highs for the year across early trading on Monday. The market has been on a tear this year...
Daily Market Outlook, April 26, 2024
Daily Market Outlook, April 26, 2024Munnelly’s Macro Minute…“US Tech Earnings Boost Sentiment In A Whipsaw Week, PCE Next”Asian equities saw gains today following strong US tech earnings, rebounding...
Pullback Resistance at 61.8% Fibonacci Retracement
TitlePullback Resistance at 61.8% Fibonacci RetracementTypeBearish ReversalPreference:Price is rising towards the pivot point of 89.72 which is a pullback resistance that aligns close to the 61.8%...
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