Latest Market News
Strong Services Sector Gains GBP has been on the rise today as traders digest the latest set of UK economic data. January PMIs saw the UK services sector bouncing back into growth territory last month with the index printing 53.3, up from the prior month’s 48.7 result and above the 49.1 the market was looking […]
Walmart In Focus Today The big focus for US stock traders today will be the release of Walmart’s Q4 earnings, coming just before the US open. The company’s performance always attracts plenty of attention given its status as an indicator of overall US economic health due to its size. One of the key themes we’ve […]
AUDUSD, “Australian Dollar vs US Dollar” The currency pair is testing the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 0.6915 is expected, followed by falling to 0.6735. An additional signal confirming the decline will be a bounce off […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed a Hammer reversal pattern. The instrument is now going by the signal in an ascending wave. The goal of the growth might be 1.3535; then the price might get a chance to break through the resistance level and continue growing. However, the price […]
Daily Market Outlook, February 20, 2023 Asian Markets Recover After A Tepid Start To The Trading Week Asian equities opened on the backfoot given a mixed handover from Wall Street as investors squared positions ahead of the Friday close and the US Presidents Day holiday today (with the NYSE closed today). Overnight geopolitical concerns were […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleAUDUSD, H4 | Potential for Bearish Drop TypeBearish Reversal Preference:Looking at the H4 chart, my overall bias for AUDUSD is bearish as the current price is below the Ichimoku Cloud. Looking for […]