Day: February 18, 2023

The dollar index continued to rise on Thursday and broke through the 104 level. The dynamics of economic activity in the US continues to surprise this quarter, which allows the Fed to remain hawkish and keep short-term yields in the US unchanged. Today’s data calendar is not particularly remarkable, but several speakers from the Fed […]

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleNZDUSD Potential for bearish drop to previous swing low TypeBearish Reversal Preference:Looking at the H4 chart, my overall bias for NZDUSD is bearish due to the current price being below the Ichimoku […]

Loonie Looking to Break USDCAD has seen a solid run of demand this week, turning focus to the potential for a breakout higher in coming sessions. The pair has been stuck in a range for most of the year so far caught between support at 1.3218 and resistance at 1.3501. However, on the back of […]

Signs of picking up US economic activity and inflation in the new year have fueled hawkish rhetoric from Fed officials. Yesterday it was the Fed’s Mester and Bullard’s turn to once again put forward the idea of a more aggressive 50 basis point rate hike. Barkin and Bowman are also speaking today, and most likely […]

Yields Rising Quickly US yields are surging higher once again this week on the back of a recent string of better-than-forecast US data which has thrown the ‘Fed pivot’ narrative into turmoil.  With jobs data coming in well above forecasts, inflation jumping again last month and retail sales bouncing back to their highest level in […]

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleGBPUSD, H4 | Potential retest on the overlap support TypeBullish Rise Preference:Looking at the H4 chart, my overall bias for GBPUSD is bullish. Looking for a buy entry at 1.19189 where the […]