Tag: tickmill
Fresh Fed Rate Hike Expectations A resurgence in hawkish Fed expectations for the June meeting and beyond has fuelled a sharp rally in USD over the last week. On the back of last week’s FOMC minutes, market pricing for a further hike in June has jumped to above 60%. This marks a significant shift in […]
European currencies and gold embarked on a modest upside technical pullback as discussed yesterday: In the EURUSD pair, there was a false breakdown of the horizontal support at 1.07 during the last hours of the Asian session. However, cautious buying interest emerged at the beginning of the European session, although it faded near 1.0750. A […]
TitleUSDCHF H4 | React off resistabce level TypeBearish Reversal Preference: Price is approaching our pivot point of 0.90983 which is an overlap resistance level. A reverse from here, price could fall to 1st support at 0.90065 which id an overlap support level. Alternative scenario:However, if price breaks above the pivot, it could rally to 1st […]
TitleXAUUSD H4 | Bounce off support level TypeBullish Bounce Preference:Price has just bounced off from our pivot point of 1934.213 which is an overlap support level. A bounce off from here, price could rally to 1st resistance at 1970.415 which is a swing high resistance Alternative scenario:However, if price breaks below the pivot point, it […]
Daily Market Outlook, May 30 , 2023 Despite positive developments in the US debt ceiling negotiations, the risk sentiment remained cautious during the Asian trading session. President Biden and House Speaker McCarthy managed to strike a deal that involved reducing spending in exchange for temporarily suspending the debt ceiling until after the next Presidential election. […]
Emergency Meeting Called JPY traders are on high alert after news that Japanese authorities will conduct an emergency meeting today over recent Yen weakness. The Ministry of Finance, Bank of Japan and the Japanese Financial Services Agency are due to hold their first three-way meeting since Q1 today as USDJPY pushed above 140 for the […]
TitleBCOUSD H4 | Bullish reversal from overlap support TypeBullish Bounce Preference:Price is falling towards the pivot point of 74.599 and could potentially reverse from here; we could see momentum carry price up to its 1st resistance of 77.746. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 72.061 To […]
TitleUSDJPY H4 | Pulling back to overlap support TypeBullish Bounce Preference:Price is approaching the pivot point of 140.072 and could potentially reverse from here, we could see momentum carry price up to its 1st resistance of 140.943. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 139.234. To discuss […]
TitleUSDCAD H4 | Bounce off 50% Fibo TypeBullish Bounce Preference: Price is dropping to our pivot point of 1.35619 which is a pullback support that aligns with a 50% Fibonacci retracement. A bounce from here, price could rally to 1st resistance at 1.36406 Alternative scenario:However, if price were to break below the pivot, it could […]
The United States economy continues to impress skeptics, as robust consumer spending and tight jobs market remain two key driving forces behind persistently high inflation. With this trend, it is increasingly likely that the Federal Reserve hawks will gain influence. If the ongoing debt ceiling issue is resolved favorably and the upcoming job numbers on […]