Tag: tickmill

Daily Market Outlook, May 4, 2023 As widely expected the US Federal Reserve raised interest rates by 25bps at their meeting last night, in his press conference the Fed Chief Powell was reticent about the notion of any Fed rate cuts into the back of the year, Powell’s rhetoric during the press conference certainly hinted […]

Traders Brace For ECB Today’s ECB meeting holds the potential to create plenty of fireworks. On the back of the Fed signalling a pause along with yesterday’s .25% hike, the ECB is expected to push ahead with its own .25% hike. However, the bank is expected to retain a more hawkish tone than the Fed […]

The price of the currency pair EUR/USD keeps moving within the resistance area formed between the levels 1.1000 and 1.1075. Let’s observe when the asset price will exit this zone and make the next move. Bitcoin is undergoing correction towards the supporting level of 25200. It would be interesting to follow the price movements around […]

TitleGBPUSD H4 | Potential bounce off support TypeBullish Bounce Preference: Price is approaching our pivot point of 1.25417 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1.25928. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1.24969.. To discuss this […]

EURJPY Correction EURJPY is at a critical juncture ahead of the ECB meeting today. Following a breakout above the 148.37 level last week, price has since reversed from highs above 152 and is now retesting the breakout area. JPY has gained firmly over recent days amidst the downturn in risk appetite ahead of the FOMC […]

Oil Traders Cut Longs  The latest CFTC COT institutional positioning report shows that oil traders cut their net long positions last week. Bullish exposure was trimmed to 236k contracts from 244k contracts prior, putting an end to the recent run of increased upside positioning we’d seen. The recent sell off in oil has seen crude […]

TitleXAUUSD H4 | Bounce off 1st support level TypeBullish Bounce Preference:Price is approaching our pivot at 2032.969 which is a pullback  resistance level that lines up with 38.2% Fibonacci retracement. A bounce off from this level, price could rally to 1st resistance at 2045.629 which is an overlap resistance Alternative scenario:However, if price breaks below […]

EURUSD Pushing Higher  EURUSD is rallying firmly ahead of the FOMC later today. The pair has been on a strong run since the March lows, gaining around 5.5% as narrowing yield spreads between EU and US bonds help lift sentiment. Much of the driver behind the move has been the narrowing of monetary policy divergence […]

  Pfizer Shares Rally on Q1 Earnings Beat  Despite a tough day for stock markets on Tuesday, shares in US pharma company Pfizer were seen rising over the session following the release of better-than-forecast Q1 figures. Pfizer posted Q1 EPS of $1.23, well above the $0.98 the market was looking for. Additionally, revenues were seen […]

The EU April inflation report that hit the wires on Tuesday, surprised on the downside, albeit slightly, signalling that tight credit conditions are gradually taking effect on demand. Headline inflation, in line with the consensus, accelerated to 7.0% YoY in April from 6.9% in March. Core inflation took a step lower: from 5.7% to 5.6%. […]