Daily Market Outlook, September 30, 2024Munnelly’s Macro Minute…"Chinese Markets Surge, Japan Sinks. US Markets Await Powell Comments”Chinese and Hong Kong stocks surged on Monday as Beijing took...
Copper Slammed On Weak China Factory Reading
Chinese Manufacturing Contracts FurtherFollowing an impressive rally last week in response to news of Chinese stimulus measures, copper prices have come under heavy selling pressure on Monday. The...
U.S. 10-Year Treasury Yield Should Rise Soon
U.S. 10-Year Government Bonds made bears fall into a trap and confidently rebound from the horizontal level of 3.667%. As for now, the rate of this asset should retest this level and drop. Of course,...
Where Next For Silver Futures?
Silver Rally PausesFollowing a strong rally over recent weeks, silver prices have stalled for now into a test of the 32.5698 level highs. The market has been well-supported via the breakout moves...
Crude Reverses Lower on Supply Concerns
China Boost FadesCrude oil prices have sunk lower in recent sessions, reversing from the weekly highs and the latest test of the all-important 72.61 level. The reversal comes despite the EIA reporting...
Daily Market Outlook, September 27, 2024
Daily Market Outlook, September 27, 2024 Munnelly’s Macro Minute…"China’s Golden Week”On Friday, Asian stock markets are primarily trading higher, as traders continue to place bets on the US...
EUR/USD Rebounds Amid ECB Speculation; Gold Hits Record Highs
Despite the underlying Eurozone economy’s weaknesses, investor sentiment continues to favor the Euro against the US Dollar as rising chances of the second jumbo 50 bp rate cut from the Fed remain the...
Daily Market Outlook, September 26, 2024
Daily Market Outlook, September 26, 2024 Munnelly’s Macro Minute…"China Doubles Down on Stimulus; Markets Pop. Will We See A Subsequent Drop?Asian markets experienced a rebound on Thursday,...
Iron Ore Recovery Gathers Pace
Iron Ore Rally ContinuesIron ore prices continue to rally on Thursday as the metal enjoys further demand on the back of this week’s Chinese stimulus announcements. A slew of measures from Chinese...
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