Daily Market Outlook, June 18, 2024Munnelly’s Macro Minute…“French Political Turmoil Front And Center ”On Tuesday, the Reserve Bank of Australia (RBA) decided to keep rates unchanged, citing...
EURUSD H1 | Bearish Reversal
TitleEURUSD H1 | Bearish ReversalTypeBearish ReversalPreference:Price is rising toward the pivot point of 1.0769, a pullback resistance close to the 61.8% Fibonacci retracement level. A reversal from...
Daily Market Outlook, June 17, 2024
Daily Market Outlook, June 17, 2024Munnelly’s Macro Minute…“Central Bank Speakers On Deck BoE On Hold Ahead UK Elections ”The U.S. has a busy schedule, as the dust settles on theJune FOMC meeting,...
EUR and GBP Hold Ground, but Downside Risks Persist
The US Dollar opened the week on a relatively flat note as risk aversion holds its grip on global markets amidst political turmoil in France. President Emmanuel Macron's call for snap legislative...
AUD/USD Forecast: Potential Price Rise Ahead?
The price of the Australian dollar broke the downtrend, repeatedly tested it, and formed the supporting level of 0.6590. The price of this asset has already remained in the range for the entire month,...
Intervention Risks Grow As BOJ Fails to Drive Yen Rally
USD Rallies Post-BOJUSDJPY was seen rallying to its highest level since the April FX intervention place on the back of the BOJ meeting overnight. As expected, the bank held headline policy in place...
GBPUSD H1 | Bullish Bounce
TitleGBPUSD H1 | Bullish BounceTypeBullish BouncePreference:Price is falling toward the pivot point of 1.2730, a pullback support that aligns with 78.6% Fibo retracement. A bounce from this level...
Daily Market Outlook, June 14, 2024
Daily Market Outlook, June 14, 2024Munnelly’s Macro Minute…“BoJ Hesitation Hampers JPY ”The Bank of Japan surprised the market by announcing a plan to reduce bond buying in the future, but the...
EURUSD D1 Bullish Bounce
TitleEURUSD D1 Bullish BounceTypeBullish BouncePreference:Price is nearing the pivot of 1.0729, an overlap support level close to 61.8% Fibo retracement. A bounce from this level could lead the price...
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