Fed Comments Help USD Counter a Streak of Weak Labor Market Data; All Eyes on CPI
The US Dollar found some support following statements by Fed Vice Chairman Philip Jefferson advocating for a prolonged period of rate stability. Jefferson's remarks injected a semblance of...
Daily Market Outlook, May 14, 2024
Daily Market Outlook, May 14, 2024Munnelly’s Macro Minute…“Markets Consolidate Ahead of Powell & US PPI Catalysts”Asian equity markets showed a mix of performance, while European futures displayed...
Calm Before the Storm in FX
US Inflation Key This WeekWe’re seeing quiet trading across the board on Tuesday as traders brace for tomorrow’s headline CPI data. The reading will be pivotal in determining USD direction over the...
Brent Oil Forecast: Potential Price Drop Ahead
The price of Brent oil broke the key resistance level of 84.00 and started an uptrend. The asset’s price rebounded to the crossing point of these trendlines and formed a long black candle at the end...
Daily Market Outlook, May 13, 2024
Daily Market Outlook, May 13, 2024Munnelly’s Macro Minute…“Markets Await Powell Speech Ahead Of Pivotal US Inflation Prints”Equity markets in the Far East experienced mixed performance, highlighted by...
Daily Market Outlook, May 9, 2024Munnelly’s Macro Minute…“Bank of Japan Hawkish Rhetoric Does Little To Support JPY, Bank Of England On Deck Next”The Asia-Pacific equity markets are showing mixed...
Daily Market Outlook, May 8, 2024
Daily Market Outlook, May 8, 2024Munnelly’s Macro Minute…“Japanese Officials Mute A Policy Shift Aimed To Support JPY”Overnight, equity markets experienced a period of consolidation following recent...
S&P500 Forecast: Potential Price Reversal Ahead
The daily timeframe of the New Zealand Dollar shows the newly formed downtrend between the points 0.6369 and 0.6216 as well as the horizontal level of 0.6082. This level almost coincides with the 50%...
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