Tag: tickmill
TitleUSDCHF H4 | Resistance overhead TypeBearish Reversal Preference:Price is approaching the pivot point of 0.89368 and potentially reverse from here, we could see momentum carry price down to its 1st support of 0.8873. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 0.89709. To discuss this trading idea, head […]
Daily Technical Trade Setups For DXY, EURUSD & USDJPY To access today’s actionable analysis, click here! Source: Tickmill
TitleDXY H4 | Rising into resistance TypeBearish Reversal Preference:Price could approach the pivot point of 101.4301 and potentially reverse from here, we could see momentum carry price down to its 1st support of 100.5593. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 101.9654. To discuss this trading idea, […]
BOE in Focus The Bank of England meets today for its May rates decision and market expectations are split, creating plenty of room for volatility in GBP and UK assets. While a further .25% hike is well-baked in, market expectations over the likely tone of the bank’s forward guidance are split. Hawks argue that with […]
Daily Market Outlook, May 11, 2023 Asian equity markets traded with a mixed tone after yet another erratic performance on Wall Street, indices whipsawed and treasuries rallied as US CPI came in broadly in line with expectations, while the headline number dipped under the expected 5% level printing 4.9%. The Hang Seng and Shanghai Comp […]
Oil Traders Cut Longs The latest CFTC COT institutional positioning report shows that oil traders cut their long positions for a second week running last week. Total upside exposure fell to 215k contracts from around 236k contracts previously. While crude prices had been falling sharply following the reversal from April highs, prices have rebounded over […]
PPI On Watch Following on from yesterday’s CPI reading, traders will today turn their focus to the latest US PPI reading. Rate hike expectations for June have fallen sharply on the back of yesterday’s softer-than-forecast US CPI data. Pricing for a further .25% hike now sits below 10%, down from around 20% ahead of the […]
The NFP report released on Friday has transformed the perception of a rate hike by the Federal Reserve in June from unrealistic to tangible possibility. Strong inflation risks emerged from the data, with the unemployment rate reaching a multi-year low of 3.4% and monthly wage growth heating up to 0.5%. With prior confidence in the […]
TitleBTCUSD H4 | Bullish reversal off overlap support TypeBullish Bounce Preference:Price is approaching the pivot point of 27153.13 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 28762.98. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 26495.34. To discuss this […]
US CPI On Watch Today’s US inflation reading comes at an interesting time for the market. Against a backdrop of the ongoing debt ceiling standoff, USD has stagnated in recent sessions. Indeed, looking at the DXY chart we can see that the Dollar has been stuck around current levels for the last 5 weeks, during […]