Daily Market Outlook, March 8, 2024Munnelly’s Macro Minute…“Dovish Take On Fed & ECB Supports Risk Sentiment ”This morning, Asian equity markets are experiencing an increase after significant...
Euro Slides As ECB Signals June Rate Cut Chances
June Cut in FocusYesterday’s ECB meeting was a pivotal moment for FX traders with the bank essentially giving the nod for a June rate cut. Monetary policy was held unchanged yesterday, as expected....
EURUSD H1 | Bearish Drop
TitleEURUSD H1 | Bearish DropTypeBearish DropPreference:Price is currently at the pivot point of 1.0947, an overlap resistance level. A drop from this level could lead the price to fall to 1st support...
GBPUSD H1 | Bearish Drop
TitleGBPUSD H1 | Bearish DropTypeBearish DropPreference:Price is currently at the pivot point of 1.2807 an overlap resistance level. A drop from this level could lead the price to fall to 1st support...
Dollar Breaks Support Ahead of NFP Release
NFP in focusAll eyes are on the US Dollar today as traders get ready for the release of February jobs data. On the back of a string of bumper labour reports over recent months, the market is expecting...
GBPJPY H4 | Bearish continuation
TitleGBPJPY H4 | Bearish continuationTypeBearish BreakoutPreference:GBPJPY is on a downtrend, it could break below the pivot at 189.034, the swing-low support that aligns with 38.2% Fibonacci...
CADJPY H4 | Potential bullish breakout
TitleCADJPY H4 | Potential bullish breakoutTypeBullish BreakoutPreference:The price could continue to rise and breakout of pivot at 110.322, the swing-high resistance aligning with 23.6% Fibonacci...
Daily Market Outlook, March 7, 2024
Daily Market Outlook, March 7, 2024Munnelly’s Macro Minute…“BoJ Official Murmurings Boost JPY, ECB On Watch Next”In the Asian region, major stock market indices showed a mixed performance after...
USD Faces Pressure Amid Divergent Central Bank Policies
The US Dollar finds itself once again at the mercy of central bank maneuvers and economic indicators, as evidenced by today's market movements. As the greenback struggles to maintain its...
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