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Forex

Fed Comments Help USD Counter a Streak of Weak Labor Market Data; All Eyes on CPI

The US Dollar found some support following statements by Fed Vice Chairman Philip Jefferson advocating for a prolonged period of rate stability. Jefferson's remarks injected a semblance of...

Daily Market Outlook, May 14, 2024

Daily Market Outlook, May 14, 2024Munnelly’s Macro Minute…“Markets Consolidate Ahead of Powell & US PPI Catalysts”Asian equity markets showed a mix of performance, while European futures displayed...

Calm Before the Storm in FX

US Inflation Key This WeekWe’re seeing quiet trading across the board on Tuesday as traders brace for tomorrow’s headline CPI data. The reading will be pivotal in determining USD direction over the...

Pound Falls On Weak UK Jobs Data

UK Unemployment RisesThe British Pound is seeing some selling pressure through early European trading on Tuesday with GBPUSD turning lower from yesterday’s highs. The latest UK economic data released...

USD Retreats Amidst PPI Release, Market Awaits CPI Verdict

In the wake of the Producer Price Index release, the US Dollar has shown signs of retreat. The downward revisions presented in the PPI figures have instigated market sentiments, fostering a belief in...

Bearish Downtrend

TitleBearish DowntrendTypeBearish ReversalPreference:Price could rise towards the pivot point of 0.6023 which is a pullback resistance level and potentially reverse from here; we could see momentum...

GBPUSD H4 | Bearish Drop

TitleGBPUSD H4 | Bearish DropTypeBearish DropPreference:Price is currently at the pivot of 1.2556 which is close to 61.8% Fibonacci retracement. A drop from this level could lead the price to fall to...

Daily Market Outlook, May 13, 2024

Daily Market Outlook, May 13, 2024Munnelly’s Macro Minute…“Markets Await Powell Speech Ahead Of Pivotal US Inflation Prints”Equity markets in the Far East experienced mixed performance, highlighted by...

Overlap Support at 61.8% Fibonacci Retracement

TitleOverlap Support at 61.8% Fibonacci RetracementTypeBullish BouncePreference:Price is falling towards the pivot point of 1.3629 which is an overlap support that aligns with the 61.8% Fibonacci...