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Forex

Daily Market Outlook, May 10, 2024
Daily Market Outlook, May 10, 2024

Daily Market Outlook, May 10, 2024Munnelly’s Macro Minute…“Jobless Claims Uptick Boosts Rate Cut Hopes Supporting Risk Sentiment ”The Asia-Pacific equity markets showed overall optimism following a...

Falling to Pullback Support
Falling to Pullback Support

TitleFalling to Pullback SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 1.0749 which is a pullback support level and could potentially reverse from here; we could see...

Overlap Support at 61.8% Fibonacci Retracement
Overlap Support at 61.8% Fibonacci Retracement

TitleOverlap Support at 61.8% Fibonacci RetracementTypeBullish BouncePreference:Price is falling towards the pivot point of 0.6003 which is an overlap support that aligns with the 61.8% Fibonacci...

Euro Steadies Below Key Resistance Amid ECB Rate-Cut Uncertainty, Eyes on US CPI Data
Euro Steadies Below Key Resistance Amid ECB Rate-Cut Uncertainty, Eyes on US CPI Data

In the European currency market, the EUR/USD pair has found itself ensconced within a narrow range, hovering marginally below the critical resistance level of 1.0800 during Friday’s European session....

Potential Bullish Breakout
Potential Bullish Breakout

TitlePotential Bullish BreakoutTypeBullish BreakoutPreference:Price is rising towards the pivot point of 155.84 which is a potential breakout level and could climb higher from here; we could see...

Pullback Resistance at 38.2% Fibonacci Retracement
Pullback Resistance at 38.2% Fibonacci Retracement

TitlePullback Resistance at 38.2% Fibonacci RetracementTypeBearish ReversalPreference:Price is rising towards the pivot point of 1.2539 which is a pullback resistance that aligns close to the 38.2%...

Falling to Pullback Support
Falling to Pullback Support

TitleFalling to Pullback SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 0.9065 which is a pullback support that aligns with the 38.2% Fibonacci retracement level and...

EURUSD Resilience Amid ECB Rate Cut Speculation and US Dollar Volatility
EURUSD Resilience Amid ECB Rate Cut Speculation and US Dollar Volatility

EURUSD showcased resilience on Thursday, discovering robust buying interest near 1.0750. This resilience comes amidst escalating speculation surrounding the European Central Bank's potential...

Gold Forecast: Potential Price Drop Ahead
Gold Forecast: Potential Price Drop Ahead

The price of Bitcoin broke the local downtrend. Currently, it keeps moving within the range. The price of this asset might potentially rebound from the broken downtrend and rise to the level of 69000....