Tag: tickmill

  ECB on Watch On the back of the latest hike from the Fed yesterday, focus now shifts to the ECB today. As with the Fed, the ECB is widely expected to hike rates by a further .25% today and so the bigger focus will be on the guidance issued alongside the decision and whether […]

TitleGBPUSD H4 | Potential react off 50% Fibo? TypeBearish Reversal Preference: Price is approaching our pivot point of 1.29757 that aligns with 50% Fibo retracement. A reverse from here, price could fall to 1st support at 1.28721 which is an overlap support. Alternative scenario:However, if price breaks above the pivot, it could push to 1st […]

  USD Falls Following FOMC The US Dollar has turned lower on the back of the July FOMC yesterday. The Fed hiked rates by a further .25%, as expected, taking rates to their highest level in 22 years. Additionally, the bank was seen leaving the door open to further tightening, noting that the battle against […]

TitleEURUSD H4 | Potential react off 50% Fibo? TypeBearish Reversal Preference: Price is moving toward our pivot of 1.11437 that aligns with 50% Fibo retracement. A reverse from here, price could fall to 1st support at 1.10399 which is a support level. Alternative scenario: However, if price breaks above the pivot, it could push up […]

Daily Market Outlook, July 27, 2023 Munnelly’s Market Commentary…  After the Federal Reserve’s widely expected 25bps rate hike and Chairman Jerome Powell’s remarks about keeping the door open for a potential further increase, Asian equity markets traded higher. The Nikkei 225 initially hesitated due to a firmer currency and the Bank of Japan’s ongoing policy […]

Silver broke the level of 24.35 and rebounded. Currently, the asset’s price is rebounding from the broken level again. Silver has also tested the median line of the uptrend and formed the bullish engulfing. The asset is likely to jump and face resistance at the level of 26.25. Brent oil is gradually approaching the resistance […]

So, the FOMC day has arrived. The market has already priced in one rate hike (according to futures, with a 99% chance), and judging by the recent bullish rebound of the dollar, it doubts that the regulator will consider the June deceleration of core inflation as a starting point in its communication. The Fed could […]

FOMC Expectations Weighing on Nasdaq US stocks are trading tentatively ahead of the FOMC later today. Looking at the Nasdaq, the index has pulled back from the recent YTD highs and is currently sitting around 3% lower. Expectations are split ahead of the Fed later with the base case scenario being that the Fed hikes […]

Daily Market Outlook, July 26, 2023 Munnelly’s Market Commentary…  Asian equity markets traded in a mixed fashion overnight  with a lack of clear direction as major central bank policy decisions are approaching. The US Federal Reserve (FOMC) is expected to make an announcement today, followed by the European Central Bank and the Bank of Japan […]

The FTSE Finish Line – July 26 – 2023 FTSE Earnings Disappoint, NatWest CEO Exit Weighs On Wednesday, the UK’s FTSE 100 experienced a slight decline due to negative corporate updates from some key companies. Miner Rio Tinto and bank Lloyds reported disappointing results, weighing down the blue-chip index. Additionally, NatWest Group’s shares dropped by […]