Tag: tickmill
AUD Under Pressure The Aussie Dollar has been under heavy selling pressure across the European morning on Tuesday, following the August RBA meeting overnight. The bank caught markets a little offside by keeping rates steady at 4.10%. While expectations were split, consensus favoured a further .25% hike yesterday, as reflected in the Bloomberg economists survey […]
TitleNZDUSD H4 | Bearish reversal TypeBearish Reversal Preference: Price has reversed from the pivot point of 0.62198 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement level; we could see momentum carry price down to its 1st support at 0.61318 which is an overlap support that aligns with a confluence of Fibonacci […]
TitleUSDJPY H4 | Potential bearish reversal? TypeBearish Reversal Preference:Price is nearing our pivot point of 142.956 that aligns with 78.6% Fibo retracement and supply zone. A reverse from here, price could fall to 1st support at 141.941 which is a pullback support level. Alternative scenario:However, if price break above the pivot, it could push to […]
TitleGBPUSD H4 | Potential bearish reversal? TypeBearish Reversal Preference:Price is moving toward our pivot point of 1.2884 that aligns with 50% FIbo retracement. A reverse from here, price could fall to 1st support level at 1.2776 Alternative scenario:However, if price breaks above the pivot, it could push to 1st resistance at 1.2968 which is a […]
Factory Activity Drops Again The latest data out of China overnight has offered little reassurance over the health of the world’s second largest economy. The manufacturing PMI was seen staying in negative territory for a fourth straight month last month. While slightly above forecasts at 49.3 vs 48.9 expected, the data is further evidence of […]
RBA On Watch The RBA will meet overnight tonight for its August rate decision. Expectations have been heavily divided in the build up to this meeting though, as it stands, the market is currently forecasting a further .25% hike, which would take Aussie rates up to 4.35% from 4.1% currently. On the back of two […]
On Monday, the week kicked off with the report on China’s industrial sector activity. The PMI index surprised on the upside, rising to 49.3 and beating consensus estimate of 49.2 points. The slowdown in activity has been gradually easing for the second consecutive month, alleviating concerns about China’s economy and supporting the search for yield […]
Surprise Revenues Jump Shares in Exxon are trading higher ahead of the open today as the post-earnings rebound continues to play out. Shares tanked initially as the company reported a lower EPS than Wall Street was looking for. However, with revenues seen coming in above forecasts, sentiment swiftly changed and the stock was seen well […]
CPI on Watch Today is likely to be a pivotal session for EURUSD with the release of the July flash CPI estimate for the eurozone due shortly. On the back of the latest ECB meeting last week, ECB rate-hike bets have cooled somewhat. While the bank pressed ahead with further tightening as expected, the guidance […]
TitleBCOUSD H4 | Potential reversal off Fibo confluence? TypeBearish Reversal Preference:Price is rising towards the pivot point of 84.288 which is an overlap resistance that aligns with a confluence of Fibonacci levels i.e. the 78.6% retracement and the 61.8% Projection levels and could potentially reverse from here; we could see momentum carry price down to […]