Tag: tickmill

Oil Traders Increase Longs – Price Falls The latest CFTC COT institutional positioning report shows that oil traders increased their net long positions again last week. Total upside exposure rose from 226k contracts to 235k contracts, marking the third consecutive weekly increase in bullish bets. Despite the increase, crude prices have fallen sharply this week, […]

Bitcoin has tested the resistance area formed between the levels 30000 and 31000 and reversed to undergo correction and drop. The asset is likely to drop and gain the required support at the level of 25200. Oil keeps filling the formed gap, approaching the broken downtrend. The price of the asset might potentially pull back […]

Beige Book Points to Slowing Activity With recession concerns returning to focus recently, the update makes for worrying reading. The Fed notes that while price levels rose moderately, consumer spending (accounting for around two-thirds of the economy) was down over the period. Real estate activity was also seen remaining subdued due to higher interest rates […]

Goldman Earnings Up Next Following on from JP Morgan and Citi’s bumper Q1 earnings calls last week, traders now turn their attention to Goldman Sachs which is due to report today. On the numbers front, the market is looking for EPS of $8.14 on revenues of $12.762 billion. These forecasts mark a solid uptick on […]

The FTSE Finish Line – April 19 – 2023 FTSE 100 Inflation Data Dents Risk Sentiment The FTSE 100 winning streak looks set to end at the close of trade today, the driver for the downbeat mood amongst UK investors has principally derived from another surprise in UK inflation data, coming on the heels of […]

Daily Technical Trade Setups For SP500, Nifty & XLF To access todays actionable analysis click here! Source: Tickmill

Mixed Results From Netflix The latest set of earnings from Netflix yesterday did little to encourage investors that the company is headed for a new ‘golden era’. On the headline figures, the numbers were broadly in line with expectations. EPS came in a little over forecasts at $2.85 vs $2.85 forecast while revenues were a […]

UK CPI Still Too High On the back of a higher-than-expected wage growth figure earlier this week, today’s UK CPI data has effectively confirmed a further .25% hike from the BOE next month. Headline CPI was seen cooling to 10.1% in March, down from the prior month’s 10.4% reading, but still well above the 9.8% […]

Tesla In Focus Today As US earnings season rolls on, the main focus today will be on Morgan Stanley and Tesla. Given fairly solid banking sector results so far, expectations are for further positivity from today’s MS data which should help strengthen confidence and solidify expectations for a .25% hike from the Fed next month. […]

The following is a guest article written by Andrew Menaker, Phd and Licensed Clynical Psychologist working with high-achievers and with traders. Andrew was a guest on our podcast episode: “How Neuroeconomics can Improve your Trading”. Listen to it here. Most traders recognize that psychology is a big part of trading. A common experience for many […]