Tag: tickmill
2024 Recession Risks Growing After narrowly avoiding a recession so far this year, and with the likes of the IMF and the BOE no longer forecasting a recession in the UK this year, GBP bulls were dealt a fresh blow this morning. The National Institute of Social and Economic Research (NIESR) has warned in a […]
Silver Under Pressure It’s been another tough week for silver so far. The metal came under heavy selling pressure over Monday and Tuesday and while the market is holding up for now, prices have already cooled from highs seen earlier in the session, suggesting risks of a fresh downside push today. The rally in USD […]
US indices closed Tuesday session on a bearish note as weak data on China’s foreign trade sparked a minor turmoil in the market. However, the situation managed to turn around today; equity futures rebounded, taking away the dollar’s potential for an immediate continuation of the rally on the back of risk aversion. EURUSD is attempting […]
The FTSE Finish Line – August 9 – 2023 FTSE Glencore Reversal Leads Bluechips Higher On Wednesday, the UK blue chip FTSE100 experienced an upward surge of 0.59% primarily driven by a recovery in the mining sector. The day saw a flurry of positive earnings reports, notably from Coca-Cola HBC, BP, and Glencore, contributing to […]
Daily Market Outlook, August 9, 2023 Munnelly’s Market Commentary… Asian equity markets are predominantly trading lower against the backdrop of a flurry of earnings releases. Participants are also processing the latest inflation data from China, which presented a mixed picture by indicating consumer prices in deflationary territory for the first time in over two years. […]
China CPI Drops Again Fears over the health of the Chinese economy have moved back into the spotlight this week. On the back of data yesterday showing that Chinese exports contracted for the third consecutive month, inflation data overnight was equally disappointing. Annualised CPI came in at -0.3% last month, down from 0% prior while […]
Rising USD Stalls Crude Crude prices are reversing this week following a solid rally over July that saw crude futures gaining almost 20% off the lows. Price made it as high as a test of the 82.59 level where the market is stalled for now. A stronger US Dollar is creating a roadblock to higher […]
TitleUSDJPY H4 | Bearish reversal off pivot? TypeBearish Reversal Preference: Price is heading towards our pivot point at 143.93, which is an overlap resistance level. If price manages to create a double top, we can expect price to fall to our 1st support at 142.22, which is an overlap support level. Alternative scenario: If price […]
Hawkish Fed Risks Remain Gold prices are looking a little softer through the European morning on Tuesday as USD regains some ground. While Friday’s data saw the NFP undershooting forecasts, a move lower in the unemployment rate along with an uptick in wages means that the September meeting is still very much a ‘live’ meeting, […]
Global stock indices declined, US stock futures shifted to a defensive stance for the first time in a while, and demand in the fixed income market increased following a series of reports indicating a reduction in Chinese trade (which consequently reflects a weakening foreign demand for Chinese goods and services), deteriorating profit prospects in Italy’s […]