Tag: tickmill
TitleEURUSD H4 | Bounce off support level TypeBullish Bounce Preference: Price is falling towards our pivot point of 1.09083 which is an overlap resistance. A reverse from here, price could rally to 1st resistance at 1.09696 which is a pullback resistance level. Alternative scenario:However, if price breaks below the pivot, it could fall to 1st […]
Daily Market Outlook, June 23, 2023 Munnelly’s Market Commentary… Asian equity markets struggled to maintain their early positive momentum and stumbled, influenced by the mixed performance seen in the US. While the S&P 500 and Nasdaq managed to end their losing streaks, most sectors finished the day in negative territory following a busy day of […]
Powell Says Further Hikes Likely US markets ended the day lower yesterday and are on course for a negative week. The conclusion from Powell’s two-day testimony at the Senate is that further hikes are likely on the way this year. While the Fed chair offered little in the way of new information, his view was […]
Despite the European Central Banks’ decision to raise rates further, which theoretically should have benefited European currencies due to the widening interest rate differential, investor interest in the dollar saw a sharp increase yesterday. During the second part of his testimony to Congress, the head of the Federal Reserve (Fed) aimed to address the communication […]
TitleNZDUSD H4 | Potential Bounce off support TypeBullish Bounce Preference: Price is falling to our pivot point of 0.61144 which is a pullback support level that aligns with a 50% and 61.8% Fibo retracement. A reverse from here, price could rally towards 1st resistance at 0.62072 which is a multi-swing high resistance. Alternative scenario: However, […]
EUR Slides on Weak PMIs EURUSD has come under heavy selling pressure today in response to the latest wave of eurozone PMI data released this morning. Weakness across French and German readings, as well as the overall eurozone readings, has put fresh focus on fears for the health of the eurozone economy, particularly with the […]
BOE Hikes Again The BOE took the bull by the horns yesterday and hiked rates by a further .5%, taking the headline UK interest rate up to 5%, its highest level in 13 years. The move comes on the back of the latest UK CPI data earlier this week which showed core inflation moved higher […]
Powell’s testimony in Congress had a negative impact on the dollar, causing the US currency index to bounce off the upper boundary of the bearish channel, dropping by 102 points and forming a double bottom reversal pattern: Yesterday, the head of the Federal Reserve expressed uncertainty about the need for future tightening and used a […]
BTC Driving ETH Higher The surge higher in Bitcoin this week has seen the broader crypto market recovering also. Bitcoin futures are now up around 25% off last week’s lows. The move comes in response to news that Blackrock Capital has applied to the SEC to launch a new Bitcoin ETF. Such a large name […]
TitleNZDUSD H4 | React off 78.6 % TypeBearish Reversal Preference:Price is moving up towards our pivot point of 0.62347 which is an overlap resistance level that aligns with 78.6% Fibo retracement. A reverse from here, price could fall to 1st support level at 0.61725 which is pullback support level. Alternative scenario:However, if it breaks above […]