After Europe narrowly avoided falling into a technical recession at the end of last year, apparently traders are starting to think that the ECB will hold on to higher rates. If the economy manages to …

PCE Inflation data could be the catalyst that drives the US indices this week. With the S&P and Nasdaq looking for another record high, prices could be lower in the near term. The Dow also …

US 30 tests critical support After the recent stock rally cooled, the Dow Jones ( US 30 ) looks for the next move. On the chart, the index is struggling to hold on to its …

Euro Area’s economic sentiment surprisingly deteriorated in February, the latest data by the European Commission showed. The economic sentiment indicator came in at a reading of 95.4 in February, down from 96.1 in the prior …

The GBP/NZD currency pair rose sharply on Wednesday, after the Reserve Bank of New Zealand delivered a less hawkish message than some had expected at its February policy meeting. The central bank kept its official …

Grinding action in the stock market indices today. All 3 finished in the red. The IWM was down almost 1%. Overall the action has been healthy.  The markets were getting a bit frothy to let …

Weaker USD Helping StocksUS stock markets remain well-bid into the middle of the week as USD stays muted on the back of a set of weaker-than-forecast data yesterday. Following on from the weak January retail …

TitleFalling to 50% Fibonacci SupportTypeBullish BouncePreference:Price is falling towards the pivot point of 82.102 which is a pullback support that aligns close to the 50.0% Fibonacci retracement level and could potentially reverse from here; we …

TitleHeading into ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 39,023.47 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum …

Daily Market Outlook, February 28, 2024Munnelly’s Market Minute…“Markets Cautious Ahead of US GDP Then PCE Tomorrow”Asian Markets: Markets in the region are cautious ahead of key US data releases. The number of Fed rate cuts …

ETH SoaringThe rally in Bitcoin is helping drive a broad bull move across the crypto space currently. Second largest traded coin Ethereum is now back up to its highest levels since March 2022, close to …