USDJPY Drops AgainThe US Dollar dropped more than 3% against the Japanese Yen yesterday as the Fed struck a less hawkish tone than many were expecting at the May FOMC. The Fed warned that it was still...
Bitcoin Forecast: Potential Price Drop Ahead!
The price of Bitcoin has formed the bearish engulfing at the end of April. The daily chart also shows that the price of this asset has dropped and formed a double top. As for now, the asset’s price...
Falling to 61.8% Fibonacci Support
TitleFalling to 61.8% Fibonacci SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 154.59 which is a pullback support that aligns with the 61.8% Fibonacci retracement...
Daily Market Outlook, May 1, 2024
Daily Market Outlook, May 1, 2024Munnelly’s Macro Minute…“Market MAYDAY, Will Powell Come To The Rescue?”Asian markets are trending downward this morning, a reaction to the previous day's...
Will The Fed Cause Fireworks in USD Today?
USD in Focus TodayThe US Dollar is pushing higher today as traders brace for plenty of volatility risk throughout the session. We have both the ADP employment figures and ISM manufacturing due this...
Daily Market Outlook, April 30, 2024
Daily Market Outlook, April 30, 2024Munnelly’s Macro Minute…“Month End Positioning Expected To Drive Dollar Demand”Asian stocks mostly gained ground, driven primarily by Japanese equities. Despite the...
Potential Bearish Breakout
TitlePotential Bearish BreakoutTypeBearish BreakoutPreference:Price could fall towards the pivot point of 0.6522 which is a potential breakout level and could drop lower from here; we could see...
In the hustle and bustle of Monday's early New York session, the EUR/USD pair showcased resilience, maintaining its position above the critical resistance level of 1.0700. The spotlight now falls...
Euro Succumbs to Dollar Might Amidst Strong US Data and Fed Status-Quo Speculations
In Tuesday’s early New York session, the EUR/USD pair took a downward spiral, relinquishing its intraday gains and descending to the pivotal support level of 1.0700. Despite a surge in positive...
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