Tag: tickmill

BOC Hikes Again The Bank of Canada yesterday caught markets somewhat off-guard as it announced a fresh rate hike, the first since pausing its tightening campaign in January. The BOC hiked rates from 4.5% to 4.75%, their highest level in 22 years, and signalled the likely need for further hikes moving forward. Ahead of the […]

OECD Raises UK Growth Forecasts… Slightly The latest set of forecasts from the OECD makes pretty dim reading for the UK. The economy is set to suffer the second-worst performance of the G7 this year, underperformed only by Germany which already fell into recession earlier in the year. Overall, the UK is pegged to record […]

Apple Pulls Back From Fresh Highs Shares in Apple are trading lower pre-market following a heavy reversal yesterday. The stock hit fresh all-time highs yesterday before profit taking kicked in and saw the stock falling back below the prior 182 high-watermark. Apple stock has seen a mammoth run so far this year, rallying almost 50% […]

 Bitcoin Bounces Off Lows Bitcoin futures are still fighting to get back above the 27415 level today. Following a dip lower towards 24930 support earlier in the week, the market has since rebounded and is now testing the upper level once again. Near-term, the key driver for bitcoin remains the markets expectations regarding the Fed. […]

BOC on Watch Today’s BOC meeting is drawing plenty of attention, particularly on the back of recent unexpected interest rate hikes from the RBA. While the BOC has been on hold since its last .25% hike in January, the bank has repeatedly signalled that it stands willing to hike rates again if/when necessary. Recently, expectations […]

Lowe Lifts Off Again The RBA caught markets by surprise once again last night as it lifted its headline cash rate by a further .25% from 3.85% to 4.10%. The move marks the second such unexpected hike from the bank, with the majority of analysts polled ahead of the meeting expecting no change whatsoever. The […]

The dollar rally of May has been facing difficulties since the beginning of the month. Despite a decent unemployment report, the situation did not favor buyers. The focus is on the story that the Federal Reserve will postpone the rate hike until July: Yesterday, the dollar was additionally pressured by a negative surprise in the […]

Daily Market Outlook, June 07, 2023 Munnelly’s Market Commentary…  Asian equity markets experienced mixed trading on the back of positive momentum from Wall Street, where the S&P 500 achieved its highest close of the year and the Russell 2000 saw gains driven by regional banks. The VIX index dropped to its lowest level since early […]

Hawkish ECB Comments The Dax is still sitting down from recent highs as we head towards the middle of the week. Hawkish comments from ECB’s Lagarde yesterday have given investors pause for thought. The index has ben on a solid run until the recent failure around the 16278.35 level where selling kicked in. The prospect […]

TitleES1! H4 | Resistance overhead TypeBearish Reversal Preference:Price could approach the pivot point of 4294.03 and potentially reverse from here; we could see momentum carry price down to its 1st support of 4273.95. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 4305.81. To discuss this trading idea, head […]