Daily Market Outlook, May 21, 2024Munnelly’s Macro Minute…“Asian Markets Snap A Seven Day Winning Streak”Asian stocks paused on Tuesday after a seven-day winning streak. Profit-taking by investors led...
Platinum and Natural Gas: Potential Price Rise Ahead
The price of platinum strongly broke the resistance area formed between levels 1020 and 1031. Should the price of this asset rebound to the broken resistance, it might bounce back again and resume the...
Daily Market Outlook, May 20, 2024
Daily Market Outlook, May 20, 2024Munnelly’s Macro Minute…“Iranian President’s Reported Death Reignites Middle East Concerns ”Asian equity markets are mostly higher to start the week, potentially...
Gold Breaks Out As Fed Easing Expectations Grow
Gold Breaks HighsGold prices are seeing strong demand on Monday with the futures market breaking out to fresh highs over early European trading. Following a brief correction lower across April, gold...
Daily Market Outlook, May 17, 2024
Daily Market Outlook, May 17, 2024Munnelly’s Macro Minute…“China Data A Mixed Bag, Property Developers Bid On Stimulus Talk”Overnight the Asian equity market showed a mixed performance. China's...
Copper Rally Stalls at $5, What Next?
Copper Holding at HighsThe rally in copper prices has become one of the big sleeper trades of the year so far with copper futures rallying over 40% off the YTD lows and breaking out to new all-time...
Heading into Resistance
TitleHeading into ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 84.92 which is a pullback resistance level and could potentially reverse from here; we could see...
Crude Holds Key Support After Channel Break
Middle East ImpactFollowing the heavy sell off on May 1st, oil prices have been muted over the month so far with crude futures settling into a tight range. Price have been caught between support at...
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...
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