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...
USD Under Pressure Amid Mixed Economic Signals and French Election Tensions
This week has been a roller coaster for the US Dollar, which has endured a relentless four-day losing streak. Despite some encouraging data from the Nonfarm Payrolls report, the Greenback remains...
USDCHF H4 | Bearish Drop
TitleUSDCHF H4 | Bearish DropTypeBearish DropPreference:Price is currently at the pivot of 0.8985, an overlap resistance close to 38.2% Fibo retracement. A reverse from this level could lead the price...
Euro Gains Amid French Stability; Fed Testimony and BoJ Shifts Eyed
The USD has had a relatively calm European session today, maintaining its position amid the recent French election results. Meanwhile, the EUR/USD pair clings to its recent gains, staying above the...
GBPUSD H4 | Bullish Bounce
TitleGBPUSD H4 | Bullish BounceTypeBullish BouncePreference:Price is falling toward the pivot of 1.2757, an overlap support close to 38.2% Fibo retracement. A bounce from this level could lead the...
EURGBP H4 | bearish reversal
TitleEURGBP H4 | bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot of 0.8458, an overlap resistance close to 61.8% Fib retracement. A reverse from this level could lead...
Yen Weak Despite Hawkish BOJ Chatter
BOJ Market ChatterExpectations of forthcoming tightening from the Bank of Japan have ratcheted higher this week. Reuters is running an article citing BOJ sources’ suggesting that the bank could go for...
EURUSD H4 | Bullish reversal
TitleEURUSD H4 | Bullish reversalTypeBullish BouncePreference:Price is falling toward the pivot of 1.0794, an overlap support close to 23.6% Fibo retracement. A bounce from this level could lead the...
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...
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