Tag: tickmill

TitleGBPJPY H4 | Potential Bullish Bounce off 23.6% Fibo? TypeBullish Bounce Preference:Price has reversed from the previous bullish run, and could become bearish in the long run. If price reaches our pivot point at 183.9, we could see a bullish bounce off the 23.6% fibo retracement level. Price could head towards the 1st resistance level […]

Retracement in US equities gains traction, but it appears to be proceeding in an orderly manner: the S&P 500 has been declining for six consecutive sessions, but it is not losing more than 1% per day. The bearish momentum increased on Thursday, with losses reaching nearly 0.8%. Since the beginning of August, the index has […]

The yield on long-term US bonds has risen to the highest level of the year, which is also the highest level since the end of 2007: Clearly, investors believe that the expected Fed monetary policy stance is not sufficiently restrictive and that inflation will remain elevated for a longer period, along with high interest rates. […]

TitleEURJPY H4 | Potential Bullish Bounce? TypeBullish Bounce Preference: Price is approaching our pivot point at 157.99, which is a pullback support level. We can expect price to bounce off the pivot point and head to the 1st resistance level at 159.21. Alternative scenario: If price breaks below the pivot point, then price would potentially […]

Daily Market Outlook, August 18, 2023 Munnelly’s Market Commentary…  Asian equity markets traded on the back foot, following the downward trajectory observed in both US and European markets the previous day. Asian stocks, as measured by an index, have now experienced a continuous decline for six consecutive sessions. This trend is shaping up to result […]

TitleGBPJPY H4 | Potential Bearish reversal? TypeBearish Reversal Preference:Price has reacted off our pivot point at 186.3, which is aligned with a swing high resistance way back in December 2015. This could be a potential bearish reversal, and price could fall to our 1st support level at 185.25. Alternative scenario:If price breaks above the pivot, […]

USDJPY Rally Continues USDJPY broke out to new highs for the year yesterday as the rally in the pair off the July lows continues to gather pace.  USD has seen strong demand over recent weeks against a backdrop of shifting Fed expectations. While the market had initially scaled back tightening expectations for the remainder of […]

Daily Market Outlook, August 17, 2023 Munnelly’s Market Commentary…  Asian equity markets mostly experienced another day of selling, in line with losses on Wall Street. Yields in the market continued to rise following the release of FOMC Minutes, which highlighted that most officials saw significant upside risks to inflation, possibly necessitating further tightening measures. The […]

TitleXAUUSD Day | Bounce off support level? TypeBullish Bounce Preference:Price has just bounced off our pivot point of 1888.375 which is a pullback support level that. A bounce off from here, price could rise to 1st resistance at 1905.552 which is a pullback resistance level that aligns with 23.6% Fibo Retracement. Alternative scenario:However, if price […]

Weak Jobs Data AUDUSD has come under fresh selling pressure today on the back of the latest Aussie employment data released overnight. The unemployment rate was seen moving up to 3.7% from 3.5% prior, above the 3.6% the market was looking for. Additionally, the employment chance number was seen recording the loss of 15k jobs, […]