Tag: tickmill

Adv GDP Up Next The big focus for traders today will be the release of advance quarterly GDP data in the US. Estimates peg the initial GDP reading for Q1 at 2%, down from 2.6% the prior quarter, which was itself a decline on the prior quarter’s 3.2% reading. If confirmed at 2%, the impact […]

TitleEURUSD H4 | React off resistance level TypeBearish Reversal  Preference: Price is nearing our pivot at 1.10758 which is multi swing high resistance, If price were to reverse from here, it could drop to 1st support at 1.09461 which is multi swing low support level. Alternative scenario:However, if it breaks above the pivot, it could […]

Meta Shares Break Higher  Shares in Facebook parent company Meta Platforms spiked after the close yesterday and are trading around 12% higher pre-market today following the release of a bumper set of earnings results for Q1. In terms of headline numbers, Meta posted Q1 EPS of $2.20, beating expectations for a $2.02 result. On revenues, […]

TitleGBPUSD H1 | Bounce off from support level TypeBullish Bounce Preference:Price is approaching our pivot point at 1.24461 which is an overlap support level that lines up with 50% Fibonacci retracement.  A reverse from here it could rally to 1st resistance at 1.24958 which is swing high resistance level. Alternative scenario:However, if it breaks below […]

TitleBCOUSD H4 | Potential bounce TypeBullish Bounce Preference:Price is approaching our pivot point of 77.526 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 80.905. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 75.8. To discuss this trading idea, head […]

The FTSE Finish Line – April 26 – 2023 FTSE 100 Swoons For A Second Session, Testing Support The FTSE 100 is struggling for a second successive session, investors seemed spooked by banking concerns Stateside with First Republic Bank shares getting slashed again, repeatedly hitting circuit breakers as the shares already down 90% have shed […]

FRC Shares Plunge Lower US stocks have come under pressure mid-week as fears for the US banking sector returned to the spotlight yesterday. The headline move was shares in First Republic Bank tanking by over 50%. The decline came in response to news that deposits with the bank had plunged by around $100 billion last […]

Retail Heavily Long AUDJPY The retail market is holding a large 70% long position in AUDJPY today as the pair continues to sell off, creating plenty of room for a further move lower over the coming sessions.  AUDJPY is typically seen as a simple risk play given that AUD tends to perform better during times […]

There’s only one week left until the ECB meeting and markets price in a high probability of the outcome where the regulator will deliver one more rate hike. The only thing that remains unclear is the size of the hike, which could be either 25 or 50 basis points. The chances of the first outcome, […]

Daily Market Outlook, April 27, 2023 Banking sector concerns are once again clouding the risk landscape as Wall Street witnessed a late day sell off as investors were reluctant to hold meaningful risk exposure given the pressure on regional banks, however, as was the case the day before an overnight bid has developed driven by […]