Tag: tickmill
Hawkish Fed Expectations Weighing on Metals Silver prices are sitting atop support at the 22.3205 level ahead of the final USD GDP number later today. The metal has come back under heavy selling pressure over the last two weeks amidst an uptick in hawkish Fed expectations. Despite the Fed holding rates unchanged in June, […]
The FTSE Finish Line – June 29 – 2023 FTSE Flounders As Investors Weigh Further Rate Rise Uncertainty On Thursday, the FTSE 100, the UK’s leading stock index, experienced slight losses of 0.30% as market participants grappled with uncertainty following the indications of additional policy tightening by top central bankers. The heads of the world’s […]
Hawkish ECB Comments The DAX continues to hold within the 15642.76 – 16278.35 range this week. Hawkish comments from ECB’s Lagarde at the bank’s Sintra Symposium have acted as a headwind, keeping prices weighted to the downside despite some initial strength in the week. The ECB chief reaffirmed the bank’s commitment to pushing ahead with […]
Ueda Hints at Potential Policy Shift In the first clear sign that the BOJ is contemplating a shift in policy, BOJ’s Ueda told markets yesterday that the bank sees good reason for a shift in policy into 2024. While the BOJ expects inflation to cool near-term, the bank projects that prices will likely pick up […]
Better US Data Following a sharp move higher last week, Bitcoin prices have stalled this week as hawkish Fed expectations have side-tracked the rally. A raft of better-than-forecast US data his week has pushed back against those warning of an imminent US recession. Soaring new home sales and rising consumer confidence saw traders eyeing further […]
The FTSE Finish Line – June 28 – 2023 Sage Leads Blue Chips Higher, BoE’s Bailey Notes Resilient UK Economy The FTSE sended Wednesday’s trading session on a modest positive note gaining 0.25%, following the overnight gains on Wall Street. Bank of England (BoE) Governor Andrew Bailey commented on the UK economy at the Sintra […]
Daily Trade Setups #USDCNH #STOXX50 #Tesla To access today’s actionable analysis, click here! Source: Tickmill
Better US Data Bolsters Sentiment US stocks turned higher yesterday in response to the latest set of economic data out of the US. New home sales were seeing rising at their fastest pace in over a year at 763k, up from 680k prior and well above the 677k the market was looking for. Additionally, consumer […]
EIA Up Next Crude oil prices are trading a little firmer today ahead of the latest update from the EIA due later today. On the back of the 3.1-million-barrel deficit reported last week, the market is looking for a further drawdown this week of 1.4 million barrels. Despite the drawdown reported last week, crude prices […]
China Economic Fears Copper prices are under heavy selling pressure as we cross through the middle of the week as fears over the Chinese economy and hawkish Fed expectations combine to weigh on sentiment. The latest round of data out of China showed that profits from industrial firms there slowed sharply in the first five […]