Tag: tickmill
BTC Correction Underway The softening in BTC over recent weeks will no doubt be frustrating for crypto bulls, on the back of what seemed like an imminent breakout earlier in the month. However, the move can still be viewed as a correction for now, despite the deep fall we saw on Monday. Looking ahead today, […]
CPI Falls Again The Aussie Dollar has come under pressure today on the back of the latest set of Australian inflation figures released overnight. CPI was seen cooling further last month, with the quarterly reading falling to 0.8% from 1.4% prior., below the 1% the market was looking for. The trimmed quarterly figure was seen […]
TitleUSDJPY H4 | Falling to support level? TypeBearish Reversal Preference:Price is nearing our pivot point of 142.225 which is a pullback resistance level that aligns with 61.8% Fibo retracement,. A reverse from here, price could fall to 1st support at 140.251 which is a pullback support level. Alternative scenario:However, if price breaks above the pivot, […]
TitleEURUSD H4 | Potential Bullish reversal? TypeBullish Bounce Preference:Price is approaching our pivot point of 1.10464 which is a pullback support level. A reverse from here, price could push up to 1st resistance at 1.11429 which is a pullback resistance level. Alternative scenario:However, if price breaks below the pivot, it could fall to 1st support […]
The FTSE Finish Line – July 25 – 2023 FTSE Miners Shine Again, Fundamental Show Glimmer Of Hope UK’s FTSE 100 has notched up a modest gain on the trading day, driven by mining stocks following Beijing’s pledge to provide more policy support to the Chinese economy. Meanwhile, consumer staples major Unilever saw a significant […]
Daily Market Outlook, July 25, 2023 Munnelly’s Market Commentary… Asian equity markets traded higher, with Chinese stocks leading the gains. The rally in Chinese stocks came after the country’s Politburo made support pledges, boosting investor sentiment. However, gains in the rest of the region were limited due to soft global PMI data and caution ahead […]
Market Muted Ahead of BOJ GBPJPY is currently stuck in a holding pattern between the 179.95 and 184.33 levels. GBP has cooled recently on the back of the latest inflation data which showed that CPI fell sharply last month. The data has allayed fears that the BOE will be pressed into taking more aggressive tightening […]
Lack of Detail at Politburo The keenly awaited Chinese Politburo meeting yesterday was a mixed bag for investors. On the one hand, commodities prices and local markets were seen rising as Chinese leaders promised more measures to help revive the economic recovery in China, signalling a rescue package to come later this year. However, the […]
Oil On the Rise Crude prices were seen breaking out to their highest levels in over 3 months yesterday. The rally came amidst the broad uptick in risk appetite we saw in response to the Chinese Politburo. With Chinese leaders once again promising support for the economy. While the statement read out on the back […]
US Manufacturing Bouncing Back Yesterday saw a slew of PMI data sets out of the eurozone, UK and finally the US. The overriding tone to the day of data was negative, headlined by heavy misses on some eurozone and UK PMIs. However, US data was seen bucking the trend with the manufacturing PMI coming in […]