Tag: tickmill
EZ Growth Concerns In Focus EUR has come under fresh selling pressure today as the latest eurozone inflation readings turned market attention back towards growth concerns there. Annually, core CPI was seen cooling slightly to 5.3% from 5.5% prior, in line with expectations. However, headline CPI was seen remaining unchanged at 5.3%, above expectations of […]
Stocks Rallying on USD Weakness US Stocks are pushing higher today on the back of a further slide in the Dollar yesterday. The greenback came under fresh selling pressure on the back of a lower-than-forecast prelim Q2 GDP number. At 2.1%, the first look at Q2 GDP was below both the prior and expected 2.4% […]
Incoming data on the US economy this week has been quite promising for gold investors. Several indicators have pointed to emergence of a negative momentum in the world’s largest economy, and the key report of the week, the Non-Farm Payrolls, which could have justified the Federal Reserve’s vague and wavering stance, fell short of expectations. […]
Yuan Rallies on Better Data The Chinese Yuan is rallying today on the back of better-than-expected data and a fresh set of economic support measures delivered overnight. The Caixin manufacturing PMI was seen moving back into positive territory last month at 51 from 49.2 prior, above the 49 the market was looking for. The unexpected […]
SEC Delays Bitcoin RulingFollowing a break higher earlier in the week on fresh USD weakness, crypto prices have come back under pressure into the second-half of the week. News that the SEC has delayed its decision on whether to approve a spot Bitcoin ETF, for all applicants, has fuelled uncertainty in the market and sent […]
US Jobs Data on Watch The main focus for traders today will of course be the latest round of US jobs data. Stocks have been trading higher recently against a backdrop of softer-than-forecast US data, strengthening the view that the Fed will hold off from tightening in September. In terms of forecast for today’s release, […]
The dollar rebounded on Thursday after several waves of sell-offs on Tuesday and Wednesday as US economic activity data released over the past two days pointed to potential negative momentum in the economy. Market sentiment was mainly influenced by JOLTS data on vacancies, the Conference Board consumer confidence index and the second estimate of US […]
TitleEURUSD H4 | Falling toward support level? TypeBearish Reversal Preference: Price has just reacted off our pivot point of 1.09301, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.08052, a pullback support level. Alternative scenario: However, if the price breaks […]
TitleGBPUSD H4 | Reacting off Resistance level? TypeBearish Reversal Preference: Price has just reacted off our pivot point of 1.27233, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.26179 , an overlap support level. Alternative scenario:However, if the price breaks […]
Gold Higher on Softer USD Gold prices are rising sharply ahead of the next round of key US data today. On the back of weaker-than-forecast JOLTS job opening, consumer confidence, services and manufacturing PMIs and now also ADP employment and prelim Q2 GDP, it’s safe to say that the market has firmly reigned in its […]