The price of Brent oil keeps testing the upper boundary of the supporting zone, that is, 71 USD per barrel. This has been going on for several weeks in a row. Bulls are trying to seize the initiative...
Crude Boosted By Chinese Stimulus Hopes
Crude Pushing Higher Off SupportCrude prices are rising through the middle of the week, despite the current resurgence in USD strength. The move higher appears linked to optimism around expected...
Daily Market Outlook, December 11, 2024
Daily Market Outlook, December 11, 2024 Munnelly’s Macro Minute..."Dollar Bid On China Comments Regarding Yuan Managed Weakness”Asian markets declined as investors awaited key US inflation...
#DXY, #XAUSUD & #USDCNH Structural & Seasonal SetupsIn this update we review the recent price action in the Dollar Index, Gold and USDCNH and identify the next high-probability trading...
Can Gold Make Another Push Higher This Year?
Safe-Haven Demand Surges HigherGold prices continue to push higher on Tuesday as safe-haven inflows and fresh Chinese central bank demand keeping prices underpinned. I wrote recently how gold has...
Daily Market Outlook, December 10, 2024
Daily Market Outlook, December 10, 2024 Munnelly’s Macro Minute..."China Stimulus Stock Surge See’s Buyer Remorse Set In”China's stock markets have opted to embrace the authorities'...
Daily Market Outlook, December 9, 2024
Daily Market Outlook, December 9, 2024 Munnelly’s Macro Minute..."Politburo Rhetoric Shift Supports Asian Markets; Investors Wary Of Another False Dawn”The Chinese mainland and Hong Kong market...
Gold Rallies on Safe Haven Surge
Geopolitical Uncertainty RisingGold prices are starting the week with a bid tone as rising geopolitical uncertainty sees a jump in safe-haven demand. Gold futures are up around 1% on the following...
Daily Market Outlook, December 6, 2024
Daily Market Outlook, December 6, 2024 Munnelly’s Macro Minute..."Politics & Payrolls”Risk in Asia declined on Friday amid renewed political tensions in South Korea, causing unease among...
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