Daily Market Outlook, June 10, 2024Munnelly’s Macro Minute…“Markets Cautious On French Political Uncertainty ”President Macron's announcement to hold a sudden parliamentary election in France has...
USDCHF H4 I Bullish Rise
TitleUSDCHF H4 I Bullish RiseTypeBullish BreakoutPreference:Price is currently at the pivot of 0.8905. A rise from this level could lead the price to 1st resistance at 0.8970, an overlap resistance...
NZDUSD H4 | Falling to Overlap Support
TitleNZDUSD H4 | Falling to Overlap SupportTypeBullish BouncePreference:Price could fall towards the pivot point of 0.6168 which is an overlap support that aligns with the 38.2% Fibonacci retracement...
USDJPY H1 I Bearish Drop
TitleUSDJPY H1 I Bearish DropTypeBearish ReversalPreference:Price is rising toward the pivot of 155.96, a reverse from this level could lead the price to fall to 1st support at 155.13.Alternative...
Traders Brace For USD Plunge If NFP Undershoots
NFP On DeckThe US Dollar is firmly on watch today as traders brace for the latest US labour market data. Following weakness in the April NFP report, traders will be looking to see if this weakness...
Daily Market Outlook, June 7, 2024
Daily Market Outlook, June 7, 2024Munnelly’s Macro Minute…“US Jobs Data To Wrap The Week”Equity performance across the Asian region is mixed ahead of today’s US nonfarm payrolls report, though most...
ECB Cuts Rates, So Why Hasn't EURUSD Fallen
ECB Cuts RatesEURUSD remains little moved on the back of the ECB rate-cut yesterday. Despite reducing rates for the first time in five years, there was very little reaction given that, firstly, the...
Dollar Gains Ground Amid Surprising Nonfarm Payrolls Spike
In a surprising turn of events, the US Dollar surged today, fueled by an unexpected leap in the Nonfarm Payrolls report. Employers added 272K jobs in May, significantly outpacing the highest forecast...
USD Slips as ECB's Hawkish Rate Cut Dominates Headlines
The US Dollar took a hit on Thursday, dipping as market players digested the European Central Bank's widely anticipated decision to slice its policy rate by 25 basis points. Despite the rate cut,...
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