Huge EIA Drawdown SeenOil prices are looking a little more muted today following a strong rally yesterday as traders digested the latest EIA inventories data. The group reported a drawdown of 4.9...
Gold Hits Record Highs As Macro Backdrop Shifts
Gold SoarsGold bulls are celebrating today as the safe-haven asset breaks out to fresh all-time highs. The futures market has ballooned higher once again this week driven higher this week by dovish...
Daily Market Outlook, July 17, 2024
Daily Market Outlook, July 17, 2024Munnelly’s Macro Minute…“Gold Printing Record Highs As UK Inflation Remains Sticky ”Asian stocks rose, joining a global surge, as the anticipation of the Fed...
XAUUSD 15m | Falling to 50% Fibonacci Support
TitleXAUUSD 15m | Falling to 50% Fibonacci SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 2,429.80 which is a pullback support that aligns with the 50.0% Fibonacci...
Oil Slides on China Demand Concerns
Crude Under PressureOil prices are seeing continued selling as we move through the European morning on Tuesday. Crude futures are now down around 3% from last week’s highs on the back of weaker data...
Daily Market Outlook, July 16, 2024
Daily Market Outlook, July 16, 2024Munnelly’s Macro Minute…“Markets Mull Trump VP Candidate Pick Ahead Of Retail Sales Data”Asian stocks declined, counterbalancing the gains in Wall Street, amid...
China GDP Plunge Weighs on Copper
China GDP Drops AgainCopper prices are trading in a muted fashion across the European morning on Monday. The latest economic data out of China overnight has done little to inspire confidence amongst...
Daily Market Outlook, July 15, 2024
Daily Market Outlook, July 15, 2024Munnelly’s Macro Minute…“Trump Assassination Attempt See’s Bitcoin Bid”.After an attempted assassination, investors became more confident in Donald Trump's...
Daily Market Outlook, July 12, 2024
Daily Market Outlook, July 12, 2024Munnelly’s Macro Minute…“Nasdaq Takes A 2% Hit, In Biggest One Day Move Since Jan 2021”Asian tech shares fell on Friday, following Wall Street's decline due to...
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