Weak China DataFollowing a promising rebound off the 4.300 level over the last week, copper prices are cooling a little here with the futures market slipping back below the 4.5785 level on Wednesday. ...
Daily Market Outlook, July 10, 2024
Daily Market Outlook, July 10, 2024Munnelly’s Macro Minute…“Markets Hit Record Highs As Fed Chair Powell Strikes A Dovish Tone”US stocks hit new highs, leading to volatile swings in Asian markets as...
BCOUSD H4 | Bullish Bounce
TitleBCOUSD H4 | Bullish BounceTypeBullish BouncePreference:Price is falling toward the pivot of 83.26, a pullback support close to 38,2% Fibo retracement. A bounce from this level could lead the...
Gold Traders Brace For Powell
Powell on WatchGold prices are hovering near the foot of yesterday’s sell-off ahead of keenly anticipated comments from Fed chairman Powell later today. The Fed chief kicks off his two-day...
Crude Comes Under Heavy Selling Pressure
Hurricane Fears RecedingCrude prices remain under pressure across early European trading on Tuesday with crude futures continuing to pull away from last week’s highs. The main driver behind the move...
Daily Market Outlook, July 9, 2024
Daily Market Outlook, July 9, 2024Munnelly’s Macro Minute…“FED Chair Powell Testimony The Macro Catalyst For The Day”Japanese stocks, particularly semiconductor-related shares, led gains in Asia...
Daily Market Outlook, July 4, 2024
Daily Market Outlook, July 4, 2024Munnelly’s Macro Minute…“US Holidays Leaves UK Politics Center Stage Today”Asian equities rose as economic data reinforced the Federal Reserve's case for...
Crude Softens Despite Huge EIA Deficit
Huge EIA Deficit SeenOil prices are looking a little cooler today as fears over the health of the US economy have seen the futures market pulling back from highs. The dip comes despite data from the...
Gold Rallying Following Powell Comments
Gold Higher on WednesdayGold prices are looking more buoyant through the middle of the week with gold futures trading almost 1% higher on the session. A pull-back in USD is helping drive support for...
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