Tag: tickmill
Risk Rally Helping Aussie The uptick in risk appetite this week linked to the reversal in Fed expectations has helped AUD rally sharply. With the market now anticipating that the Fed will shift into neutral mode on the back of a further rate hike this month, risk assets have been given a green light with […]
EURUSD Breaks Out EURUSD bulls remain firmly in the driving seat today with the pair seen extending gains on the back of yesterday’s rally. EURUSD broke out above the 1.1126 level yesterday which has been a major resistance level over the last year. Heavy bearishness in USD has fed nicely into fresh support for EUR. […]
TitleGBPJPY H4 | Bearish reversal from 38.2% Fibo TypeBearish Reversal Preference: Price is rising towards the pivot point of 181.417 and could potentially reverse from here; we could see momentum carry price down to its 1st support at 179.565 Alternative scenario: If price breaks above the pivot point, it could hit the 1st resistance at […]
TitleUSDJPY H4 | Bearish reversal from 38.2% Fibo TypeBearish Reversal Preference: Price could rise towards the pivot point of 138.744 and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1737.242 Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 140.179 […]
TitleUSDCHF H4 | Bearish continuation towards 1st support before bouncing off TypeBearish continuation Preference:Price is approaching our pivot point at 0.8526, which is at the 100% fibo projection level. We can expect a bearish continuation towards the 1st support, before reversing to the upside. Alternative scenario:The 1st support lies at 0.8437, which is at the […]
BTC Testing Key Level Following a move up to their highest level this year yesterday, Bitcoin prices are today sitting right up against a major resistance level. Bulls are looking for a breakout here with a move north of the 32185 needed to signal the start of a fresh bull run. The crypto backdrop has […]
Daily Market Outlook, July 14, 2023 Munnelly’s Market Commentary… Asian equity markets were mostly positive in overnight trading following a favourable performance on Wall Street. Yields continued to decline, supported by the softer consumer inflation and PPI data, strengthening the case for just one more rate hike by the Federal Reserve. The Nikkei 225 remained […]
Stocks Rally on CPI Drop The Nasdaq is trading at its highest level since early 2022 this week as the index continues to rally against the backdrop of a weaker US Dollar. The index is now up almost 5% off the July lows and looks set for further gains near-term as traders continue to scale […]
The US June CPI report left the dollar entirely defenseless, causing the US currency index to plummet to nearly 100 level: As seen in the chart, this is the lowest level since April 2022, meaning the dollar index has not been in this area for over a year. Dropping below the 101 level, the dollar […]
The FTSE Finish Line – July 13 – 2023 FTSE & Sterling Shine As Miners Lead The Charge, Homebuilders Weigh The FTSE recorded a second day of gains on Thursday heading into the close; the blue chip index was up 0.6%, driven by the positive performance of energy and mining stocks. The increase in commodity […]