Tag: tickmill

Lllama Launch Drives Shares Higher Shares in Meta are trading higher ahead of the US open today as investors respond to the launch of the group’s ChatGPT and Bard rival, Llama. An AI competitor has been touted for a while. However, the new program was officially launched today, and comes on the back of the […]

Bitcoin Rally Stalls Despite the heavy sell-off in the Dollar last week, Bitcoin was unable to capitalise on the move and breakout above the 32185 resistance level.  Instead, we’ve seen BTC futures correcting around 8% lower as regulatory and macro concerns weigh on sentiment. Bitcoin prices had been driven sharply higher just a few weeks […]

Crude Caught Between Opposing Drivers Oil prices are looking a little more stable today on the back of two days of heavy selling. An uptick in USD alongside fresh fears over the health of the Chinese economy have combined to weigh on sentiment with crude futures correcting around 4% lower from recent highs. Crude prices […]

TitleXAUUSD H4 | Bearish Reversal? TypeBearish Reversal Preference:Price is at our pivot point of 1962 which is a multi swing high resistance. A reverse from here, price could fall to 1st support level at 1951 which is a pullback support level, Alternative scenario:However, if price breaks above the pivot, it could rally to 1st resistance […]

The FTSE Finish Line – July 18 – 2023 FTSE Finds Its Footing Supported By Ocado & Homebuilders FTSE 100 index is up 0.22% on an overall positive session driven by Shares of Ocado Plc, the British online supermarket and technology group, surged by as much as 19% to a five-month high, making it the […]

Daily Market Outlook, July 18, 2023 Munnelly’s Market Commentary…  Asian equity markets failed to sustain the momentum from Wall Street. The Nikkei 225 initially made gains upon its return from a long weekend but eventually erased those gains, reflecting weakness in its peers. The Hang Seng and Shanghai Composite were also lower, with property stocks […]

TitleNZDUSD H4 | Approaching pullback support  TypeBullish Reversal Preference: Price is falling towards the pivot point of 0.62973 and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.63785. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 0.62413. To discuss […]

The US stock market closed in the green on Monday, helping to stabilize sentiment on Tuesday. The decision regarding the rebalancing of the Nasdaq index had no unexpected consequences, which itself served as a positive signal for the market. Negative concerns arising from the Chinese data (GDP below forecasts) were mitigated by the manufacturing sector […]

RBA Cites Fresh Economic Fears The Australian Dollar has been a little softer on the back of the latest meeting minutes, released overnight. The minutes revealed that while most members agreed that further tightening would likely be necessary, concerns over the health of the economy warranted a fresh pause in July. In particular, the board […]

CAD Inflation on Watch Canadian CPI will be on watch today. Following the bank’s latest hike this month, the market has become more uncertain over its BOC expectations. With two consecutive hikes in June and July, putting an end to the neutral streak which ran from January, the market is geared towards expecting more hikes […]