Daily Market Outlook, March 1, 2024Munnelly’s Market Minute…“The Nikkei Opens The New Month With A Surge To Record Highs”The new month starts with Japan's Nikkei Average hitting a new high above...
Dollar Boosted By PCE Data
Core PCE RisesThe US Dollar is catching a bid ahead of the weekend following yesterday’s data. The core PCE price index was seen rising to 0.4% from the prior month’s 0.1% reading. Given that the data...
USDJPY H4 | Bearish Breakout
TitleUSDJPY H4 | Bearish BreakoutTypeBearish DropPreference:Price is currently at the pivot point of 149.84, a multi-swing low support level. A breakout from this level could lead the price to fall to...
Pound Sterling Steadies Amidst US Core PCE Data Anticipation
During Thursday's European trading session, the Pound Sterling displayed a cautious performance against the US Dollar, showing modest declines as market attention remained fixed on the eagerly...
EURUSD H4 | Potential bearish reversal
TitleEURUSD H4 | Potential bearish reversalTypeBearish DropPreference:Price is currently at the pivot point of 1.0832, an overlap resistance level. A reverse from this level could lead the price to...
USDCAD Higher Ahead of Key Data Releases
Loonie on WatchUSDCAD is pushing higher today, with the pair testing above the bear trendline and prior 2024 highs, despite the weakness in USD. Concerns over the sustainability of the current risk...
Potential Bullish Reversal
TitlePotential Bullish ReversalTypeBullish BouncePreference:Price is falling towards the pivot point of 1.35633 which is an overlap support that aligns close to the 23.6% Fibonacci retracement level...
Bitcoin Forecast: Potential Price Rise Ahead
The price of Bitcoin keeps renewing the many years’ maximum points. Currently, the price of this asset is testing the level of 60000. This might turn out to be a significant event. However, it is...
Mixed US Data Signals Disappoint USD
In the aftermath of the second US Gross Domestic Product (GDP) reading, the US Dollar (USD) finds itself off its intraday high, grappling with the nuanced implications of the unveiled data. While the...
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