Day: June 7, 2023

Daily Market Outlook, June 07, 2023 Munnelly’s Market Commentary…  Asian equity markets experienced mixed trading on the back of positive momentum from Wall Street, where the S&P 500 achieved its highest close of the year and the Russell 2000 saw gains driven by regional banks. The VIX index dropped to its lowest level since early […]

Hawkish ECB Comments The Dax is still sitting down from recent highs as we head towards the middle of the week. Hawkish comments from ECB’s Lagarde yesterday have given investors pause for thought. The index has ben on a solid run until the recent failure around the 16278.35 level where selling kicked in. The prospect […]

TitleES1! H4 | Resistance overhead TypeBearish Reversal Preference:Price could approach the pivot point of 4294.03 and potentially reverse from here; we could see momentum carry price down to its 1st support of 4273.95. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 4305.81. To discuss this trading idea, head […]

TitleNZDUSD H4 | Bearish reversal from 38.2% Fibo TypeBearish Reversal Preference:Price could approach the pivot point of 0.61123 and potentially reverse from here; we could see momentum carry price down to its 1st support of 0.60046. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 0.61793. To discuss this […]