Fresh EIA Draw Boost OilCrude oil prices spiked higher yesterday after news of a larger-than-forecast inventories drawdown, as recorded by the EIA. Falling by a further 3.7 million barrels, US crude...
Daily Market Outlook, August 8, 2024
Daily Market Outlook, August 8, 2024Munnelly’s Macro Minute…“US 10yr Auction Tail Deals Another Blow To Risk Sentiment ”Despite assurances from US Fed officials that the world's largest economy...
Sinking Copper Prices Show No Relief
Copper Prices Signal Weakening Global OutlookCopper prices remain under heavy selling pressure this week as demand concerns continue to weigh on sentiment. The futures market is currently testing...
Oil Sell-Off Stalls Ahead of EIA Data
Oil Holding At Support… For NowOil prices are seeing some relief today with crude futures trading a little higher off the week’s lows. Some shift in tone from the BOJ has seen JPY pulling back from...
Daily Market Outlook, August 7, 2024
Daily Market Outlook, August 7, 2024Munnelly’s Macro Minute…“BoJ…The New Plunge Protection Team?”After Wall Street's generally positive cues overnight, Asian stock markets are basically up on...
Daily Market Outlook, August 6, 2024
Daily Market Outlook, August 6, 2024Munnelly’s Macro Minute…“Margin Call Monday To Turnaround Tuesday?”Despite the generally negative cues from global markets overnight, Asian stock markets are mostly...
Bitcoin Forecast: Potential Price Drop Ahead
Last week, the price of Bitcoin kept going down, but it finally acquired the required support at the level of 60000. However, it seems that the price of this asset might potentially dive even deeper...
Daily Market Outlook, August 5, 2024
Daily Market Outlook, August 5, 2024Munnelly’s Macro Minute…“Monday Market Massacre”Following the massive sell-off in global markets on Friday, Asian stock markets are a sea of red on Monday as...
Daily Market Outlook, August 2, 2024
Daily Market Outlook, August 2, 2024Munnelly’s Macro Minute…“A Sea Of Red As US Recession Fears & Geopolitical Tensions Rise”Amid worries about the outlook for global economic growth following...
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