Tag: tickmill
TitleXAUUSD H4 I Potential Bearish Reversal? TypeBullish Bounce Preference:Price has just bounced off our pivot point of 1910.321 which is an overlap support that aligns with the 127.2% Fibo extension. A bounce off from here, price could push to 1st resistance at 1919.214 which is just below the 61.8% Fibo retracement. Alternative scenario:However, if price […]
CPI Weighs on Stocks US stocks are ending the week on a softer footing following the latest inflation data released yesterday. Annualised CPI was seen to have risen 3.2% last month, up 3% from a month prior. The stickiness in inflation will no doubt be a frustrating development for those looking to call an end […]
Crude Continuing Higher Crude prices today broke out to their highest level since November 2022 as the rally off the YTD lows continues to gather pace. Crude futures are now up more than 30% off the lows printed in May and look poised for further gains while above the 82.59 level. Oil prices have been […]
TitleSPX500USD H4 | Bearish reaction off 100% fibo projection? TypeBearish Reversal Preference:Price is slowly heading towards out pivot point at 4516.3, which is at the 100% fibo projection. The overall market structure is currently making lower highs and lower lows, which shows that it is a bearish trend. Hence, if price shows a bearish reaction […]
ECB Concerned Over Economic Prospects In its latest economic bulletin released today, the ECB shared little in the way of optimism for the health of the eurozone economy. While the bank acknowledges that inflation is declining, it notes that CPI is still elevated and is expected to remain so for too long. Additionally, it notes […]
The US inflation report had a moderately favorable outcome for the market. Both overall and core inflation figures came in below expectations, slightly alleviating market tension linked to the risk of another rate hike by the Federal Reserve (Fed). Overall inflation eased from 3.3% to 3.2%, but more importantly, core inflation retreated by 0.1% to […]
US CPI On Deck Today’s the day. After a slow week of summer trading conditions, the market prepares to receive the latest round of US inflation data. Given that expectations are a little more mixed ahead of the September FOMC, there Is plenty riding on today’s data and, as such, volatility risks are high. On […]
Daily Market Outlook, August 10, 2023 Munnelly’s Market Commentary… Asian equity markets posted mixed performance, as the local markets mostly remained range bound. A flurry of earnings releases influenced the atmosphere, while caution prevailed ahead of forthcoming US inflation data. Additionally, market participants deliberated on US initiatives to limit investments in select Chinese tech companies. […]
TitleUSDJPY H4 | React off resistance? TypeBearish Reversal Preference:Price has just reacted off pivot point of 144.14 which is an overlap resistance, A reverse from here, price could fall to 1st support at 142.908 which is an overlap support level Alternative scenario:However, if price breaks above the pivot, it could push up to 1st resistance […]
TitleNZDUSD H4 | Bearish reaction off 61.8% fibo? TypeBearish Reversal Preference: Price could potentially reverse at the pivot point at 0.6088, which aligns with the 61.8% fibo retracement. If price reacts at the pivot point, it could continue its bearish momentum, and fall to the 1st support at 0.6035. Alternative scenario: If price breaks above […]