Daily Market Outlook, June 6, 2024Munnelly’s Macro Minute…“All Eyes On The ECB, The Second G7 Central Bank Rate Domino To Fall”Asian equity markets are in the green following gains on Wall Street,...
XAUUSD H4 | Bearish Drop
TitleXAUUSD H4 | Bearish DropTypeBearish DropPreference:Price is currently at the pivot of 2370, a pullback resistance. A drop from this level could lead the price to fall to 1st support at 2352, a...
Copper Sinks on Fading China Demand
Copper Sell Off DeepensCopper prices remain heavily sold this week with copper futures extending their recent rout, now down almost 13% from the YTD highs. The move comes on the back of weaker...
Daily Market Outlook, June 5, 2024
Daily Market Outlook, June 5, 2024Munnelly’s Macro Minute…“Bank of Canada On Deck Ahead Of ECB & NFP’s”Wednesday saw a general rise in Asian stocks, with the dollar holding steady, driven by...
XAUUSD M15 | Bearish Drop
TitleXAUUSD M15 | Bearish DropTypeBearish ReversalPreference:Price is currently at the pivot of 2338.42, an overlap resistance close to 61.8% Fibo retracement. A drop from this level could lead the...
BCOUSD D1 | Potential Bearish Breakout
TitleBCOUSD D1 | Potential Bearish BreakoutTypeBearish BreakoutPreference:Price could fall towards the pivot point of 76.98 which is a potential breakout level and could drop lower from here; we could...
Crude Plunges As Bearish Sentiment Builds
OPEC+ Concerns Hit OilOil prices have collapsed lower this week with crude futures down more than 6%, fast approaching a test of the YTD lows. The move comes on the back of the OPEC+ meeting over the...
Daily Market Outlook, June 4, 2024
Daily Market Outlook, June 4, 2024Munnelly’s Macro Minute…“When Bad News Means Bad News…”Asian stock markets experienced a downturn following the release of a weaker-than-expected US ISM manufacturing...
Daily Market Outlook, June 3, 2024
Daily Market Outlook, June 3, 2024Munnelly’s Macro Minute…“ECB & US Payrolls Data The Macro Drivers For The Start of June”Asian equity markets kicked off the week positively amid fluctuating...
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