Tag: tickmill

Oil Holding Near Highs Crude prices are sitting just below last week’s highs as we kick off a key week of central bank meetings. Rapidly increasing interest rates have been a major headwind for oil prices over the last year and a half. Tighter financial conditions have blunted demand this year, with crude prices remaining […]

US Data on Watch Gold prices are sitting up against the 1973.51 level resistance currently following a strong rally over recent weeks. The market recovered sharply off the July lows, trading higher by around 4%. However, the recent uptick in USD has seen the move stalling for now. Looking ahead today, the main focus will […]

PMIs Drop Again Following on from the weak eurozone data we saw this morning, the latest round of PMIs out of the UK today struck a similar tone. The manufacturing PMI was seen falling to 45 from 46.5 prior while the services PMI was a little better at 51.1, though still down from the prior […]

TitleAUDUSD H4 | Falling to pullback support TypeBullish Bounce Preference: Price is falling towards the pivot point of 0.67014 and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.68324. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 0.66222. To […]

The FTSE Finish Line – July 24 – 2023 FTSE Marking Time Ahead Of Central Bank Policy Updates Ahead On Monday, the UK’s FTSE 100 index remained flat, with gains in telecoms firm Vodafone Group offsetting losses in financial stocks. Vodafone Group saw a significant increase of 4.7% in its stock price after reporting accelerated […]

TitleNZDUSD H4 | Approaching 78.6% Fibo support TypeBullish Bounce Preference: Price is falling towards the pivot point of 0.61288 and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.62185. Alternative scenario: If price breaks below the pivot point, it could hit the 1st support at 0.60673. […]

Consumer Confidence Dips The latest data out of the UK today painted a very mixed picture. Firstly, the GfK consumer confidence reading was seen printing -30, down from -24 previously and worse than the -25 the market was looking for. This marks the first fresh decline in UK consumer confidence in 6 months and comes […]

TitleEURUSD H1 I Potential bearish reversal? TypeBearish Reversal Preference: Price is rising towards our pivot point of 1.11775  that aligns with 38.2 and 50% Fibo retracement, indicating Fibo confluence zone. A reverse from here, price could fall to 1st support at 1.11276 which is support level Alternative scenario: However, if price breaks above the pivot, […]

TitleGBPJPY H4 | Bearish reversal at 61.8% fibo projection? TypeBearish Reversal Preference:Price is currently in a bullish momentum, heading towards our pivot point at 181.57, which aligns with the 61.8% fibo projection. Price could potentially become bearish once it reaches our pivot point, and fall towards the 1st support at 179.708, which is a multi-sing […]

What is US Earnings Season? The US earnings season, which happens quarterly, is a key focus point for traders. During this period, companies unveil their financial performance over the prior quarter, presenting comprehensive reports on revenue, profits, expenses, and forward-looking projections. The impact of these earnings releases is highly tradable, significantly influencing stock market dynamics […]