Weak Manufacturing Readings Hurt Copper SentimentCopper prices remain under heavy selling pressure through the middle of the weak with the futures market now down more than 5% from the week’s highs. ...
Copper Forecast: Potential Price Rise Ahead
The price of the Australian dollar rebounded from the resistance level of 0.6798 and formed engulfing at the end of the trading week. The price of the currency pair AUD/USD is likely to drop and hit...
EUR/USD Forecast: Potential Price Drop Ahead
The price of the currency pair EUR/USD rebounded and dived under the broken resistance level of 1.1140, trying to form a fine bearish engulfing at the end of the trading day. This might also signify...
XAUUSD H4 | Falling to Overlap Support
TitleXAUUSD H4 | Falling to Overlap SupportTypeBullish BouncePreference:Price could fall towards the pivot point of 2,483.52 which is an overlap support level and potentially reverse from here; we...
Crude Higher On Elevated Middle East Tensions
Middle East ImpactCrude oil prices are looking more tentative across early trading on Tuesday. This follows a fresh push higher yesterday driven by heightened uncertainty linked to the ongoing...
XAGUSD H1 | Potential Bullish Bounce
TitleXAGUSD H1 | Potential Bullish BounceTypeBullish BouncePreference:Price could fall towards the pivot point of 29.82 which is a pullback support that aligns with the 23.6% Fibonacci retracement...
BCOUSD H4 | Overlap Resistance at 61.8% Fibonacci Retracement
TitleBCOUSD H4 | Overlap Resistance at 61.8% Fibonacci RetracementTypeBearish ReversalPreference:Price is rising towards the pivot point of 80.36 which is an overlap resistance that aligns with the...
XAUUSD H4 | Heading into Swing-High Resistance
TitleXAUUSD H4 | Heading into Swing-High ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 2,526.42 which is a swing-high resistance that aligns close to the all-time...
Daily Market Outlook, August 23, 2024
Daily Market Outlook, August 23, 2024 Munnelly’s Macro Minute…"Investors Pare Risk Ahead Of Pivotal Powell Speech”The Asian stock markets are primarily trading lower on Friday, consistent with...
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