Tag: tickmill
Fresh Inventories Deficit Seen Crude prices continue to hold within last week’s range as the latest EIA inventories yesterday failed to provide the catalyst for a fresh directional move. The EIA reported a 0.7 million barrel drawdown in US crude stocks, this was lighter than the 2 million barrel deficit the market was looking for […]
The FTSE Finish Line – July 20 – 2023 FTSE Extends Yesterday’s Gains, Weaker GBP & Miners Shine On Thursday, the UK’s FTSE 100 index extended yesterday’s gains. The weaker pound contributed to the gains in the FTSE 100, which has a high concentration of exporters. The pound weakened after data showed domestic inflation easing […]
TitleEURJPY H4 | Bullish bounce off 23.6% fibo? TypeBullish Bounce Preference:Price is within our pivot point and the 23.6% fibo retracement range, at 156.10. Price could potentially make a bullish bounce off this 23.6% fibo retracement, to the 1st resistance at 157.14. Price would then start to reverse from the 1st resistance due to the […]
Daily Market Outlook, July 20, 2023 Munnelly’s Market Commentary… Asian equity markets had a mixed trading session, reflecting the uncertain performance in the US markets as investors processed various data releases, corporate earnings results from tech darlings Netflix and Tesla, the latter saw a decline in margins as it continues to boost discounts, while Netflix’s […]
Daily Market Outlook, July 19, 2023 Munnelly’s Market Commentary… Asian equity markets had a mixed performance as ongoing economic concerns in China partially offset positive sentiment from strong bank earnings in the US and dovish commentary from the European Central Bank. The Nikkei 225 outperformed, rising by 0.8% following comments from Bank of Japan Governor […]
The FTSE Finish Line – July 19 – 2023 Inflation Flops FTSE Flies FTSE 100 index is up 2.1% as UK housebuilders and property firms experienced significant gains as inflation slowed sharply in the country. The UK housebuilders’ index surged by 6.4%, on track for its best day since November 2008. The housing index rose […]
TitleAUDUSD H4 | Bounce off Support level? TypeBullish Bounce Preference: Price is falling to our pivot point of 0.67173 which is a pullback support level that aligns with 61.8% Fibo retracement. A bounce off from here, price could rally to 1st resistance at 0.67907 which is a pullback resistance level Alternative scenario:However, if price breaks […]
TitleXAUUSD H4 | Bearish reversal TypeBearish Reversal Preference:If price breaks above the pivot point, it could hit the 1st resistance at 2004.088. Alternative scenario:However, if price breaks above the pivot, it could rally to 1st resistance at 1970. To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access […]
Core CPI Rises The final eurozone CPI readings for June, released today, confirmed headline CPI at 5.5%, as expected. However, core CPI was once again seen rising slightly to 5.5% from 5.4% prior. Stickiness in inflation at elevated levels has been a major issue for the ECB and is keeping hawkish expectations entrenched. The ECB […]
TitleGBPUSD H4 | Bounce off support level? TypeBullish Bounce Preference: Price is falling to our pivot point of 1.28511 which is a pullback support level that aligns with 50% Fibo retracement. A bounce off from here, price could rally to 1st resistance at 1.3136. Alternative scenario: However, if price breaks below the pivot, it could […]