Tag: tickmill
Apple Higher on Debt Ceiling Optimism Apple shares are trading higher ahead of the open today with the pre-market price putting the stock at its highest level since early 2022. The general improvement in risk appetite through the week has helped drive stocks higher with tech stocks among the biggest beneficiaries. Apple shares have been […]
The rally in Treasury yields is encountering minimal resistance, and mid-March levels have already been reached: Recently, comments from top Federal Reserve (Fed) officials arrived with unusually unambiguous positions. The emphasis was on “no signs of significant decline” in certain service sectors (Jefferson) or that “a year is not long enough to feel the full […]
Inflation Rise Puts Fresh Focus on BOJ JPY is seeing better demand today on the back of the latest CPI figures released overnight. National Core CPI was seen rising to 3.4% last month, above the prior and expected 3.1% reading the market was looking for. The data has put fresh focus on a possible shift […]
DAX Trades Higher on Debt Ceiling Relief The DAX broke out to its highest level since January 2022 yesterday as optimism over an expected US debt ceiling deal helped drive bullish sentiment in stocks. Encouraging comments from Speaker of the House Kevin McCarthy yesterday regarding the likelihood of a deal in principle being agreed ahead […]
TitleNZDUSD H4 | Bearish reversal TypeBearish Reversal Preference: Price is approaching our pivot point of 0.62621 which is an overlap resistance level. A reverse from her price could fall to 1st support at 0.62076 which is a swing low support level. Alternative scenario:However, If price breaks above the pivot, price could rally to 1st resistance […]
TitleBCOUSD H4 | Resistance overhead TypeBearish Reversal Preference:Price is approaching the pivot point of 77.969 and could potentially reverse from here, we could see momentum carry price down to its 1st support of 73.523. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 80.786. To discuss this trading idea, […]
TitleBTCUSD H4 | Falling to support TypeBullish Bounce Preference:Price could approach the pivot point of 26577.94 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 28171.06. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 25785.98. To discuss this trading idea, […]
USD Short-Squeeze Continues The Dollar was seen breaking out to its highest levels in six months yesterday as debt ceiling optimism and hawkish Fed sentiment combined to drive support for the DXY. With a debt ceiling deal now looking highly likely, the expected economic boost is fuelling an uptick in hawkish Fed expectations ahead of […]
Daily Market Outlook, May 19, 2023 Asian equities are mostly positive heading into the weekend, taking their cue from the tech-led gains on Wall Street. The Nasdaq’s strong performance and the S&P 500 reaching a nine-month high due to optimism surrounding the debt ceiling and solid economic data set a positive tone. The Nikkei 225 […]
Pound Breaks Down GBPUSD is trading heavily lower today as USD continues to rally across the week. Debt ceiling uncertainty and recent Fed hawkishness have conspired to underpin USD recently, going against the prevailing view held by major players that USD is likely to head lower near-term. Given the bull run we’ve seen in GBP […]