Daily Market Outlook, May 28, 2024Munnelly’s Macro Minute…“US & UK Back Online, Month End & Inflation Data Eyed”On Tuesday, Asian markets saw a second day of gains as the dollar weakened in...
Crude Recovering Off Key Support
Crude Pops on Weak USDCrude prices are turning higher today with crude futures seen rallying back above the 77.64 level following a breakdown below the level last week. A weaker US Dollar is certainly...
Silver at a Crossroads: What’s Next?
The price of silver is approaching the key horizontal level of 30.00. At this stage, the asset’s price might either rebound from this level or get back under it and drop to the supporting level of...
Daily Market Outlook, May 24, 2024
Daily Market Outlook, May 24, 2024Munnelly’s Macro Minute…“Profit Taking Ahead Of The Holiday Weekend”Asian markets and currencies experienced a decline after a sell-off on Wall Street, which was...
Potential Bullish Reversal for Crude Oil?
TitlePotential Bullish Reversal for Crude Oil?TypeBullish BouncePreference:Price is falling towards the pivot point of 81.46 which is a pullback support level and could potentially reverse from here;...
XAUUSD H4 I Bullish Bounce
TitleXAUUSD H4 I Bullish BounceTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.0852 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement level...
Oil Testing Key Support After EIA Data
Crude Drops on USD RallyOil prices continue to trade lower this week as a resurgent US Dollar and hawkish Fed expectations weigh on sentiment. Crude futures have slipped by almost 4% this week and are...
Gold Prices at a Crossroads: What’s Next?
The price of gold rebounded from the resistance level of 2448, signifying the upcoming formation of a potential top. Now, the price of this asset is heading down, targeting the level of 2285. This...
Gold Sinks on Hawkish Fed Minutes
Fed Concerned Over Inflation ProgressGold prices are seeing heavy selling across early European trading on Thursday. The market has reacted negatively to the release of last night’s FOMC minutes with...
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