Daily Market Outlook, February 8, 2024Munnelly’s Market Minute…“SPX Eyeing 5k”Asian stocks exhibited a mixed performance following Wall Street's attainment of new record levels, with the S&P...
Heading into 38.2% Fibonacci Resistance
TitleHeading into 38.2% Fibonacci ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.61551 which is a pullback resistance that aligns close to the 38.2% Fibonacci...
Potential Resistance at 61.8% Fibonacci Retracement
TitlePotential Resistance at 61.8% Fibonacci RetracementTypeBearish ReversalPreference:Price could rise towards the pivot point of 0.65586 which is a pullback resistance that aligns with the 61.8%...
Dollar Slides Midweek as US Yields Soften
Dollar CorrectionThe US Dollar has softened into the middle of the week following a breakout move in the DXY which saw the index trading up to its highest levels since November earlier this week....
EURUSD Holds Steady Amid the Dollar's Struggle: Market Analysis
In the midst of the midweek trading session, the EURUSD pair maintains a firm stance above the 1.0750 mark, refusing to relinquish its modest gains. A tug-of-war between the Euro and the US Dollar...
Daily Market Outlook, February 7, 2024
Daily Market Outlook, February 7, 2024Munnelly’s Market Minute…“FedSpeakers On Deck, With A Scant Data Docket”Asian stocks were mostly positive due to a decline in global yields and further Chinese...
EURJPY H4 | Potential bearish breakout
TitleEURJPY H4 | Potential bearish breakoutTypeBearish BreakoutPreference:EURJPY could reverse and break out of pivot at 158.468, the swing-low support. From there it might drop further to the 1st...
GBPUSD Sinks on Dovish BOE Comments
Pound Breaks DownGBPUSD is holding for now at the foot of yesterday’s losses following dovish commentary from BOE chief economist Huw Pill. The BOE policymaker told reporters that the bank is on...
Daily Market Outlook, February 6, 2024
Daily Market Outlook, February 6, 2024Munnelly’s Market Minute…“China Sovereign Fund Stepping In, Leads Asian Markets Higher”Asian stocks showed a mixed performance, as Chinese market stabilization...
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