Tag: tickmill
RBNZ Hiking Finished The New Zealand Dollar is falling sharply today on the back of the latest RBNZ meeting overnight. Despite the central bank hiking rates by a further .25%, the sell-off emerged as governor Orr signalled no further hikes were likely near-term. Notably, some policy makers had been in favour of holding rates unchanged […]
The data on British inflation has caused serious concerns in the markets about the prospect of a renewed acceleration of inflation worldwide. The core inflation (which excludes volatile goods) jumped from 6.2% to 6.8% in April. It was expected that the pace of price growth would remain unchanged. In just one month, the price level […]
Daily Market Outlook, May 24 , 2023 Asian equities mostly traded in the red, following the negative lead from Wall Street. Investor sentiment was affected by ongoing concerns over the US debt limit impasse, with only nine days remaining until the presumed X-date. Additionally, tensions between the US and China intensified after the US House […]
TitleUS30USD H4 | Bullish reversal from overlap support TypeBullish Bounce Preference:Price could approach the pivot point of 32885.22 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 33232.49. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 32593.34. To discuss this […]
FOMC On Watch US stocks and the US Dollar are back in focus today ahead of the FOMC minutes tonight. Fed expectations have been shifting wildly in recent weeks as traders continue to grapple with the prospect of a further hike in June or potential pause from the Fed. Pricing for a further .25% hike […]
Headline CPI Drops But Not As Much As Expected The latest UK inflation data today offered some hope for consumers. Headline CPI was seen dropping back to 8.7% last month, down from 10.1% the prior month. This marks the first time that UK inflation has been back in single digits since August last year. However, […]
TitleXRP H4 | Bounce from 38.2% Fibo TypeBullish Bounce Preference:Price could approach the pivot point of 0.45 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 0.47. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 0.44. To discuss this trading […]
TitleUSDJPY H4 | React off resistance TypeBearish Reversal Preference: Price is approaching our pivot point of 138.714 which is a multi-swing high. A reverse from here, price could fall to 1st support at 137.66 which is an overlap support level. Alternative scenario:However, if price breaks above the pivot, it could drop to 1st resistance at […]
Daily Market Outlook, May 23 , 2023 Asian equities traded with uncertainty as investors assessed the latest updates on the debt limit negotiations. While the meeting between US President Biden and House Speaker McCarthy was described as productive, there were no significant breakthroughs. The Nikkei 225 initially climbed to its highest level since August 1990 […]
TitleBTCUSD H4 : Falling to 1st support TypeBearish Reversal Preference:Price has just reacted off our pivot point of 27485.03 which is an overlap resistance. A reverse from here, price could fall to 1st support at 26650.84 which is a multi- swing low support level. Alternative scenario:However, if price breaks above the pivot, it could rally […]