Tag: tickmill

Further Fed ‘Rate Pause’ Comments Yesterday was an important day for stocks with the passing of a deal to suspend the US debt ceiling until after the next election alongside further dovish Fed comments. Fed’s Harker voiced his support for a pause at the next meeting, echoing comments made earlier in the week by Fed’s […]

TitleXAUUSD H4 | Potential bullish reversal TypeBullish Bounce Preference: Price is falling to our pivot point of 1954.785 which  is an overlap support level that aligns with a 50% Fibonacci retracement, A reverse from here, price could rally to 1st resistance at 1966.088 which is a multi swing high resistance Alternative scenario:However if price breaks […]

TitleNZDUSD H4 | Potential Bullish Divergence TypeBullish Bounce Preference:Pirce is currently at our pivot point of 0.60064 which is a swing low support level. A bounce off from here, price could rally to 1st resistance at 0.61116 which  is a pullback resistance level  Alternative scenario:However, if price breaks below the pivot, it could fall to […]

US Jobs On Watch The latest set of US labour market data tomorrow is drawing plenty of attention. While the NFP is typically one of the most market-moving data points each month, given the shift in Fed expectations we’ve seen recently, tomorrow’s data might prove even more eventful. Traders will be looking to tomorrow’s data […]

Daily Market Outlook, June 01, 2023 Munnelly’s Market Commentary…  Most Asian equity markets experienced positive trading overnight following the passage of the debt ceiling bill by the US House of Representatives, which helped avert a potential default. The bill has now moved to the Senate for consideration. Additionally, market sentiment was boosted by the unexpected […]

TitleEURJPY H4 | Bullish breakout TypeBullish Breakout Preference:Price is approaching the pivot point of 149.164 and could potentially break out to the upside from here; we could see momentum carry price up to its 1st resistance of 149.813. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 148.575. To […]

TitleEURGBP H4 | Heading towards 38.2% Fibo resistance TypeBearish Reversal Preference:Price could approach the pivot point of 0.86287 and potentially reverse from here; we could see momentum carry price down to its 1st support of 0.85868. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 0.86639. To discuss this […]

ISM Manufacturing Expected 47, 47.1 Previous Today’s US ISM Manufacturing number will be closely watched on the back of the PMI weakness we’ve seen recently. The US factory sector has been trending lower over recent months with the index moving deeper into negative territory last month. The recent trend of data has raised concerns over […]

Market View Shifts Again In recent times, it’s hard to remember an upcoming Fed rate decision which has seen more swings market expectations. Market pricing for a further hike in June has jumped back and forth several times over the last month and, even this week. Starting the week with a rate hike priced at […]

EUR Under Pressure  Selling in EURUSD has continued to build on Wednesday with the latest data out of the eurozone showing that inflation in France and Germany slowed more than expected last month. In a further sign that overall eurozone CPI is falling further, EURUSD is pushing lower. Part of this Is the resurgence in […]