Daily Market Outlook, April 19, 2024Munnelly’s Macro Minute…“Middle East Tensions Escalate Overnight Sinking Risk Sentiment”Global markets were rattled by fresh unrest in the Middle East, leading to a...
EUR and GBP Stage Recovery Despite Escalating Fed Hawkish Tone
Despite the contentious backdrop of geopolitical risks and the Federal Reserve adopting a more hawkish stance in its statements, EUR/USD managed to stage a recovery above the 1.0650 mark. The flight...
GBPUSD M15 I Bearish drop
TitleGBPUSD M15 I Bearish dropTypeBearish ReversalPreference:Price is rising toward the pivot point of 1.2435, a pullback resistance close to the 50% % Fibonacci retracement level. A reversal from...
USDJPY M15 | Bearish Drop
TitleUSDJPY M15 | Bearish DropTypeBearish ReversalPreference:Price is rising toward the pivot point of 154.48, a pullback resistance level. A reversal from this level could lead the price to fall to...
Potential Bearish Reversal
TitlePotential Bearish ReversalTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.6457 which is a pullback resistance level and could potentially reverse from here; we could...
EUR/USD Pauses in Mid-Week Surge Amid ECB Commentary
EUR/USD maintained its position in the 1.0650s on Thursday; however, recovery shows signs of fading after the bounce from the 1.06 April low. The currency pair's current stance teeters between...
Falling to 38.2% Fibonacci Support
TitleFalling to 38.2% Fibonacci SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.3737 which is a pullback support that aligns with the 38.2% Fibonacci retracement...
EURUSD M15 | Drop from Pullback resistance
TitleEURUSD M15 | Drop from Pullback resistanceTypeBearish ReversalPreference:Price is rising toward the pivot point of 1.0699, a pullback resistance. A reversal from this level could lead the price...
Daily Market Outlook, April 18, 2024
Daily Market Outlook, April 18, 2024Munnelly’s Macro Minute…“Scant Econ Data, CB Speakers On Deck Along With Tech Earnings”Asian stocks rose on Thursday as authorities' resistance to a...
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