Tag: tickmill
Daily Market Outlook, April 19, 2023 Another Bout Of Inflationary Data Puts Further Pressure On BoE To Raise Rates Again Another lacklustre handover from Wall Street left Asian equity markets trading with a tepid tone overnight, the Nikkei ran into supply early on, as data for Japanese manufacturing did little to inspire risk appetite as […]
AUD Weakening Retail traders are holding a more than 90% long position in AUDCHF today, making the pair an interesting candidate for short sellers. The pair has been grinding lower over recent weeks and recently broke down to fresh 2023 lows, testing below the prior .6029 lows. Risk sentiment has weakened a little in recent […]
UK Wages & Jobless Level Jump The latest UK economic data released this morning has raised some serious questions over the outlook for the UK economy. In the three months through February, the unemployment rate was seen increasing to 3.8% from 3.7% prior, with the claimant count surging to 28.2k from -11.2 prior. While this […]
CADJPY Bullish View CADJPY is an interesting pair to watch as we kick off the new week. The retail market is holding a heavy 81% short position in the pair currently, suggesting plenty of room for the current rally to continue. CAD has been the strongest performer across early European trading on Monday. A better […]
Banking Results in Focus On the back of the USD reaction we saw to last week’s US banking sector results, traders are keen to receive further performance updates from the financial sector. Ahead of big dogs Morgan Stanley and Goldman Sachs tomorrow, traders will today be focusing on State Street which is due to report […]
The dollar went up on Friday thanks to hawkish comments from a Fed representative, Waller. The events and reports calendar for this week is not particularly noteworthy, so market participants are likely to focus on central bank representatives’ comments regarding the need and degree of final tightening in May. The dollar has rebounded, but investors […]
Stocks Rally On Strong US Earnings Season Global equities benchmarks are mostly in the green across the early European trading on Tuesday. Stocks have been well supported in recent sessions by better-than-expected US earnings reports, headline by the strong performance from JP Morgan and Citigroup reported on Friday. Strong profits from key US banks is […]
What’s Driving USD? If you were looking at Friday’s US economic data, the rally in the US Dollar understandably looks a little confusing. Both headline and core retail sales were seen dropping deeper than expected into negative territory last month, suggesting concerning times ahead for the US economy. However, it was the bumper performance in […]
Metals Correct As USD Demand Returns Both gold and silver are starting the week just off recent highs following the correction lower we saw on Friday in response to fresh USD strength. The Dollar found fresh demand as better performance from big names in the US banking sector suggested room for the Fed to press […]
The currency pair EUR/USD has tested the upper boundary of the daily range, that is, the zone formed between the levels 1.1000 and 1.1030. The asset formed a bearish engulfing at the end of the last trading week. The price of the currency pair EUR/USD is likely to drop and gain the required support at […]