Tag: tickmill

Apple Holding on At Support Shares in Apple are trading a little higher ahead of the open today, offering bulls some hope that the correction from YTD highs might be coming to an end. The stock has fallen more than 10% from the July highs as a pull back in risk appetite and a fresh […]

TitleUSDCAD H4 | Approaching pullback support? TypeBullish Bounce Preference: Price is falling towards the pivot point of 1.35011 which is an overlap support that aligns close to the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.35866 which is a pullback […]

TitleBCOUSD H4 | Potential bearish reversal TypeBearish Reversal Preference: Price is rising towards the pivot point of 84.671 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 81.711 which is a pullback […]

USD Rally Weighs on Gold Gold prices have been drifting lower over recent weeks amidst the fresh uptick we’ve seen in USD. With traders now growing more uncertain over the projected US rate path in coming months, USD has made a comeback with pricing reflecting a higher likelihood of a further hike from the Fed. […]

Core CPI Holds Steady The latest set of UK CPI figures released today has seen GBP trading higher as traders move to price in a further BOE hike in September. The headline CPI reading was seen cooling to 6.8% from the prior month’s 7.9% reading, a little above the 6.7% the market was looking for, […]

TitleGBPUSD H4 | Potential bearish reversal? TypeBearish Reversal Preference: Price is approaching our pivot point of 1.27405 which is a multi swing high resistance that aligns with 61.8 % Fibo retracement. A reverse from here, price could fall to 1st support at 1.26725 Alternative scenario: However, if price breaks above the pivot, it could push […]

Daily Market Outlook, August 16, 2023 Munnelly’s Market Commentary…  Asian equity markets faced downward pressure in response to declines on Wall Street, reflecting a broad risk-off sentiment triggered by global macroeconomic challenges, notably the recent string of weak data from China. The Nikkei 225 index extended its losses, falling below the 32K handle. Major stock […]

TitleXAUUSD H4 | Bullish bounce off pivot? TypeBullish Bounce Preference:Price could potentially bounce off the pivot point at 1903.45, and head towards the 1st resistance at 1912.38, which is at the 50% fibo retracement level. Furthermore, there is also a bullish divergence happening, which could mean that there is potential for price to have a […]

Oil Under Pressure Oil prices have pulled back sharply this week with crude futures dropping around 5% from last  week’s YTD highs. The driver behind the current weakness has been an uptick in concerns over the health of the Chinese economy. A string of recent data weakness out of China has underscored economic concerns while […]

AUD Falls Following RBA Minutes The Australian Dollar has come under pressure today on the back of the release of the latest set of RBA meeting minutes. The minutes revealed that while the bank considered hiking rates again this month, ultimately it decided to hold rates steady, citing the “acute financial challenges” facing some domestic […]