Tag: tickmill
UK Growth Falls in March The latest set of UK economic data has added to concerns for the UK economy. On the back of the BOE yesterday warning that inflation was likely to persist at higher levels for longer than previously thought, the economy was seen contracting by 0.3% in March. Data released by the […]
Crypto Collapse Continues Bitcoin futures are extending losses today as the sell off from recent highs around the 31110 level continues to build. The crypto sector has been hit with negative news flow this week which has rocked investor sentiment. News of processing issues at Binance, the largest crypto exchange, has struck a sour note […]
UK Rates Hit 15yr Highs The British Pound came under heavy selling pressure yesterday as traders reacted to the latest rate adjustment from the BOE. The UK central bank hikes rates for a 12th consecutive meeting to highs of 4.5% from 4.25% prior. Additionally, the BOE signalled that with inflation still high and expected to […]
Daily Market Outlook, May 12, 2023 Asian equities experienced mixed performance to close out the week, as a result of tepid earnings Stateside and lingering concerns over US regional banks, with several names hitting circuit breakers during US trading. The subdued performance in the United States, coupled with disappointing initial jobless claims, contributed to an […]
TitleES1! H4 | Approaching 78.6% Fibo resistance TypeBearish Reversal Preference:Price could approach the pivot point of 4179.09 and potentially reverse from here, we could see momentum carry price down to its 1st support of 4124.77. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 4205.94.. To discuss this trading […]
TitleAUDUSD H4 | Falling to 61.8% Fibo support TypeBullish Bounce Preference:Price is approaching the pivot point of 0.6667 and could potentially reverse from here, we could see momentum carry price up to its 1st resistance of 0.67483. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 0.66394. To discuss […]
TitleUSDCHF H4 | broken above a symmetrical triangle TypeBullish bounce Preference:Price has just reversed from our pivot at 0.89026 which lines up with a 61.8% Fibonacci retracement. A reverse from here, price could push up to 1st resistance at 0.89475 which is multi swing high resistance Alternative scenario:However, if price breaks below the pivot, it […]
TitleGBPUSD H4 | A reverse from 50% Fibo TypeBearish Reversal Preference:Price is approaching our pivot at 1.25888 which is an overlap resistance that lines up with a 50% Fibonacci retracement. A reverse from here, price could fall to 1st support at 1.25007 which is a swing low support. Alternative scenario:However, if it breaks above, price […]
US Consumer Data Due Ahead of the weekend, traders will be looking to the UoM Consumer Sentiment and Inflation Expectations readings as the final key data of the week. On the back of softer-than-forecast US CPI and PPI across the week, US rate hike expectations for June have sunk. However, the resulting market reaction has […]
TitleGBPUSD H4 | Potential reverse from 50% Fibo TypeBullish bounce Preference:Price is dropping to our pivot point at 1.25559 which is an overlap support that lines up with 50% Fibonacci retracement. A reverse from here price could rally to 1st resistance at 1.26401 Alternative scenario:However, if it breaks below the pivot, it could drop to […]