Gold Rush ContinuesGold prices have broken out to fresh all-time highs today as the rally in the yellow metal continues to push on. Dovish signalling by the ECB yesterday has helped feed into bullish...
Daily Market Outlook, April 12, 2024
Daily Market Outlook, April 12, 2024Munnelly’s Macro Minute…“Data Dump Over, CB Speakers & Bank Earnings Eyed ”Most Asian stock markets are experiencing a decline in trading on Friday, despite the...
Gold Traders Brace For Inflation Fireworks
CPI Up NextGold traders are bracing for fireworks today with the latest US inflation figures due this afternoon. As traders continue to battle to tie down an expected Fed easing date, today’s data...
Crude Rallies As Gaza Ceasefire Talks Fail
Fresh Middle East TensionsOil prices remain buoyant today as tensions in the Middle East remain elevated after Hamas has reportedly rejected Israel’s latest ceasefire proposal. The group said the...
Potential Bullish Bounce
TitlePotential Bullish BounceTypeBullish BouncePreference:Price has made a bullish reaction off the pivot point at 89.574 which is a pullback support that aligns with the 38.2% Fibonacci retracement...
Gold Rush Continues as Traders Await US CPI
Gold Rally ContinuesGold prices are seeing fresh demand across early European trading on Monday with futures extending their recent rally. The market is now up around 18% off the YTD lows and is...
The Natural Gas Market at a Crossroads
The price of natural gas has tested the broken level of 2.00 and closely approached the years-long minimum point, that is, the supporting level of 1.44. In this case, two scenarios are possible. The...
Approaching Pullback Support
TitleApproaching Pullback SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 26.247 which is a pullback support that aligns with the 38.2% Fibonacci retracement level and...
Middle East Fears Keep Oil At Highs - NFP Next
Crude In DemandCrude prices on track to end the week at their highest level since mid-2023. Fears of escalating violence in the Middle East, an improving China demand outlook and Fed easing...
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