Daily Market Outlook, February 28, 2024Munnelly’s Market Minute…“Markets Cautious Ahead of US GDP Then PCE Tomorrow”Asian Markets: Markets in the region are cautious ahead of key US data releases. The...
Potential Bearish Reversal
TitlePotential Bearish ReversalTypeBearish ReversalPreference:Price could rise towards the pivot point of 0.61197 which is an overlap resistance that aligns with the 23.6% Fibonacci retracement level...
Approaching Overlap Support
TitleApproaching Overlap SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 0.87715 which is an overlap support that aligns close to the 38.2% Fibonacci retracement level...
Potential Bullish Bounce
TitlePotential Bullish BounceTypeBullish BouncePreference:Price could fall towards the pivot point of 1.08436 which is a pullback support level and potentially reverse from here; we could see momentum...
Gold Shines Amidst the Fed's Interest Rate Uncertainty
In Tuesday's early New York session, gold showcased its resilience against the US Dollar, buoyed by hopes of an eventual dovish turn in Federal Reserve policy. Investors, eyeing a potential...
Approaching Pullback Support
TitleApproaching Pullback SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 150.354 which is a pullback support that aligns with the 100.0% Fibonacci projection level and...
Daily Market Outlook, February 27, 2024
Daily Market Outlook, February 27, 2024Munnelly’s Market Minute…“US Budget Negotiations In The Spotlight”Asian Equity Markets: Most markets in the region are higher, with Japan experiencing a...
BOJ Tightening Risks Seen on CPI Beat
Japanese Inflation Tops ForecastsThe Japanese Yen is seeing better demand across early European trading on Tuesday. Overnight, the latest Japanese inflation data has once again turned for onto...
Lagarde Warns Wage Growth Remains Key For Inflation
EUR Higher Following Lagarde CommentsEURUSD continues to grind higher today with the pair now up around 2% off the year-to-date lows. Yesterday we heard from ECB president Lagarde who said that while...
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