Daily Market Outlook, September 6, 2024 Munnelly’s Macro Minute…"Markets On Edge Ahead Of US Payrolls Release”Overnight investors seem on edge as they anticipate the release of U.S. employment...
EURUSD H4 | Bearish Reversal
TitleEURUSD H4 | Bearish ReversalTypeBearish ReversalPreference:Price is rising toward the pivot of 1.1125, a pullback resistance close to 61.8% Fibo retracement. A drop from this level could lead the...
US Dollar Holds Steady as Mixed Jobs Data Fuels Uncertainty Ahead of Key Fed Decision
The reaction of the US Dollar Index in light of August’s Nonfarm Payrolls was mixed, providing little cues about implications of the jobs report for the Fed rate cut odds. While the initial data...
FX Options Insights 06/09/24
FX Options Insights 06/09/24The significance of the Non-Farm payrolls number to the Federal Reserve's rate path was underscored by the fact that the U.S. jobs FX volatility risk premium reached...
USDJPY Sinking Ahead of NFP
JPY RallyingUSDJPY is pushing lower once again today as traders brace for the August NFP report due this afternoon. A series of weak labour market readings this week have raised fears of fresh...
GBPUSD H4 | Bearish Drop
TitleGBPUSD H4 | Bearish DropTypeBearish ReversalPreference:Price is approaching the pivot of 1.3184, an overlap resistance close to 50% Fibo retracement. A drop from this level could lead the price...
EUR/USD Rebound: Fed’s Rate Cut Speculation Puts Pressure on USD as Labor Market Weakens
The rebound of EUR/USD above the 1.1100 mark on Thursday highlights the vulnerability of the US Dollar to economic data that hints at a weakening labor market. The release of the ADP Employment Change...
GBPUSD H1 I Bullish Reversal
TitleGBPUSD H1 I Bullish ReversalTypeBullish BouncePreference:Price is falling toward the pivot of 1.3121, a pullback support close to 61.8% Fbi retracement. A Bounce from this level could lead the...
Brent Oil Forecast: Potential Price Rise Ahead
The price of Ethereum is trying to rebound from the lower boundary of the downtrend. It is also forming a hammer right now. If the price of this asset rises, it might either rebound from the...
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