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Title XAUUSD H1 | Potential reversal from 23.6% TypeBullish Bounce Preference:The price is nearing our pivot point at 1959, which lines up with a 23.6% Fibonacci retracement level. If the price were to reverse from this level, it could potentially rise towards the 1st resistance level at 1985. Alternative scenario:On the other hand, if price […]

Kiwi Coming Off The New Zealand Dollar has come under heavy selling pressure on Tuesday, despite a broad pickup in risk appetite. The latest data released overnight showed the New Zealand trade surplus narrowing sharply from the prior month, reflecting the negative impact of recent weather emergencies there. Recent cyclones and flooding saw the RBNZ […]

 Nike Earnings Up Next Traders are looking to shares in Nike today as the company prepares to release Q3 fiscal year 2023 earnings later today. The stock has been under pressure over recent weeks, correcting around 12% lower from YTD highs. However, ahead other earnings release today Nike shares are trading a little higher suggesting […]

Equities Bounce Back As Traders Look Beyond Banking Troubles  Global equities benchmarks are climbing strongly at the start of the week. Despite a sea of red as we opened yesterday, losses were quickly reversed and risk appetite was seen returning as news of the UBS purchase of Credit Suisse made its way through markets. Although […]

Daily Technical Trade Set Ups For Gold, Silver & Crude Oil To access today’s actionable analysis, click here! Source: Tickmill

EUR Moving Higher The Euro has been broadly higher today on the back of comments made by ECB president Lagarde yesterday. Testifying to European Parliament, Lagarde was seen reaffirming her commitment to bringing inflation back down to target. On the back of the bank’s latest half-point rise last week, Lagarde told members of the Economic […]