Tag: tickmill

EURJPY Longs in Focus EURJPY is looking good for longs today with the retail market heavily short against the current breakout. The rally in risk assets over the last 24 hours has fuelled a sharp weakening of JPY. With safe haven flows reduced, the Yen has been falling while higher stock prices have helped lift […]

Exxon Earnings on Deck On the back of record profits seen last year, traders are today readying to receive the latest set of earnings results from the world’s largest energy company Exxon Mobil. Despite record profits for the year as a whole, earnings were seen declining over the second half of last year as energy […]

The risk appetite in global markets came under pressure while safe-haven demand increased after the US GDP and inflation data on Friday. For the first quarter, the US GDP posted a big “bearish” surprise, rising by only 1.1% compared to the forecast of 1.9%. Looking at the GDP separately for the four main components (consumption, […]

Amazon Tops Estimates… The big story from US earnings season yesterday was Amazon’s Q1 results. On the headline figures, the company posted earnings per share of $0.31 in Q1, a solid beat on the $0.21 figure Wall Street was looking for. Revenues were also higher at $127.358 billion vs $124.603 billion expected. While both figures […]

TitleUSDJPY H4 | React off resistance level TypeBearish Reversal  Preference: Price is currently at our pivot point at135.658 which is a pullback resistance level that lines up with 78.6% Fibonacci retracement. A reverse from here price could drop to 1st support at 135.96 Alternative scenario:However, if price were to break above the pivot, it could […]

Daily Market Outlook, April 28, 2023 Wall Street surged overnight as tech earnings continue to support risk sentiment, Asian equities duly followed suit as markets remain bid buoyed by the latest robust round of earnings and further positive momentum came from the inaugural Bank of Japan meeting with new chief Governor Ueda. The newly minted […]

GDP Dipped in Q1 The release of US adv Q1 GDP yesterday fuelled a sharp recovery rally in global asset prices. At first look, GDP was seen printing just 1.1% in Q1, down firmly from the prior quarter’s 2.6% level and well below the 2% level the market was looking for. With slowdown fears a […]

TitleUS30USD H4 | Potential bounce off support TypeBullish Bounce Preference:Price is approaching our pivot point of 33540.61 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 34129.16. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 33255.39. To discuss this trading […]

TitleXAUUSD H4 | Bounce off support level TypeBullish Bounce Preference:Price is dropping toward our pivot point at 1974.284 which is a multi swing low support level. A reverse from here price could potentially rally to 1st resistance at 1991.626 which is a swing high resistance Alternative scenario:However, if price were to break below the pivot, […]

TitleXAUUSD H4 | Resistance overhead TypeBearish Reversal Preference: Price is approaching our pivot point of 2012.57 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1977.257. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 2031.957. To discuss this trading idea, […]