Market Analysis

Daily Market Outlook, February 2, 2023  A FED Plateau, Markets Pivot To ECB & BoE US equity and treasury markets surged, as the FOMC delivered an expected 25bps rate move, the smallest increase since last March, while The Fed Chair maintained the stance that further hikes were likely, markets sensed that there is an impending […]

BOE Up Next The Bank of England meeting today will be pivotal for GBP.  Concerns over the UK economy have become a prominent issue in recent months with widening industrial action, ongoing Brexit-related difficulties, covid disruptions and political instability all exerting downward pressure on GBP. The BOE’s tightening operations have added to the pressure for […]

Oil Traders Increase Longs The latest CFTC COT institutional positioning report shows that oil traders increased their net long positions again last week. Total upside exposure was increased for the second week, from 239k contracts to 249k contracts. Despite the uptick in bullish bets, oil prices have suffered recently with crude futures falling around 7% […]

Fed – ECB Divergence Growing EURUSD exploded higher in response to the FOMC yesterday. With the Fed having pivoted further, opting for a .25% hike, there is now growing divergence between the Fed and the ECB. The Fed is now widely expected to bring its tightening operations to a close by the summer while the […]

Daily Technical Trade Set Ups for Emini SP500 & Nasdaq To access today’s actionable analysis click here! Source: Tickmill

The Fed hiked the interest rate by 25 basis points yesterday and hinted that there will be another hike, after which it will likely be done with tightening. Despite worries about inflation, Powell said at the press conference that the committee believes it is necessary to slow down the pace of monetary tightening. Market indicators […]

XAUUSD, “Gold vs US Dollar” At the resistance level, gold has formed a Shooting Start reversal pattern. The instrument may now go by the pattern in a descending wave. The goal of the correction might be 1942.50. Upon testing the support level, the price may bounce off it and continue the uptrend. However, the quotes […]

USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes are nearing the oversold area, while the RSI has already got to its own. As a result, a test of 0/8 (0.9033) is expected, followed by a bounce off it and growth to the resistance level of 2/8 (0.9155). The scenario can be cancelled by […]

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleEURGBP potential for Bullish Rise towards previous swing high TypeBullish Bounce Preference:Looking at the H4 chart, my overall bias for EURGBP is bullish due to the current price being above the Ichimoku […]

Daily Market Outlook, February 1, 2023  Markets Await Fed Decision, After A Buoyant Month End Close on Wall Street Asian equity markets took the positive impetus on Wall Street and opened higher, driven by month end mark ups on US stocks with the benchmark SP500 closing +1.46% at 4,076, leading Asian investors to follow suit, […]

EURUSD, “Euro vs US Dollar” The currency pair escaped a consolidation range upwards and completed an extension wave to 1.1030. Today a correction to 1.0906 might happen, followed by growth to 1.0960. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has completed a wave of decline to 1.2272. Today a structure of growth […]

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is testing the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 0.7080 is expected, followed by growth to 0.7375. An additional signal confirming the growth will be a bounce off the lower […]