Tag: tickmill
US Retail Sales Next On the back of yesterday’s Empire State Manufacturing reading, focus today shifts to the latest US Retail Sales data. Following the negative readings seen over the prior month, the market is expecting a firm rebound in today’s data, reflected increased consumer activity amidst the decline in inflation recently. On the numbers […]
Unemployment Rises GBP has seen plenty of volatility over the European open on Tuesday as traders digest the latest UK jobs data. The unemployment rate was seen increasing to 3.9% from 3.8% prior while the claimant count change was seen rising to 46.7k from 28.2k prior, well above the 31.2k the market was looking for. […]
Bitcoin is still undergoing correction. The asset has closely approached the supporting level of 25200. Bitcoin is likely to rebound from this level and jump. It might also break the support. So, it might be interesting to observe the price movements next to this level. Silver has dived under the supporting level of 24.75, forming […]
Daily Market Outlook, May 16, 2023 Asian equities have had a mixed trading session overnight, with the positive momentum from Wall Street failing to be sustained. US regional banks experienced a short squeeze, driving stocks higher. However, the upside was limited due to concerns over the debt ceiling and a disappointing NY Fed Manufacturing survey. […]
Next Round of Talks on Watch US debt ceiling negotiations continue today and focus is on the US Dollar given the two-way risks around the issue. Given the lack of progress so far, there are limited expectations that any resolution will be agreed today. As such, USD might trade higher into the middle of the […]
TitleXAUUSD | H4 | Reverse from 78.6% Fibo TypeBearish Reversal Price is moving up to our pivot at 2025 which lines up with a 61.8% Fibonacci retracement. A reverse from here, price could fall to 1st support 2005.845 which is an overlap support. Alternative scenario:However, if price breaks above the pivot point, price could rally […]
EUR Under Pressure EURUSD fell sharply on Friday in response to the latest UoM consumer data. Consumer inflation expectations were seen soaring to 12-year highs of 3.2% last month. The rise comes despite CPI heading lower and reflects the view that consumers now believe inflation will remain entrenched around higher levels. Against this backdrop, traders […]
Amazon Shares Rallying Shares in Amazon are trading higher ahead of the open on Monday amidst a general improvement in risk sentiment. Following a decent rally across Thursday and Friday last week, the US Dollar has started the new week with a weaker tone, allowing for a pickup in risk appetite. This improved appetite is […]
After reaching a maximum level last week since the beginning of April, the dollar retraced on Monday, previously breaking upward from below a bearish channel that began in October 2022. An interesting idea now emerges of a bullish breakout as an early signal for the dollar reversal: For EURUSD, a buy signal emerged, at least […]
On Friday, the dollar continued to gain ground, while the price of gold dropped to $2000 per ounce. This occurred as the details of the US Consumer Price Index (CPI) report for April failed to fully convince investors that the Federal Reserve would refrain from raising interest rates in June. Additionally, the argument regarding lower-than-expected […]