Tag: tickmill
The chances of the Federal Reserve keeping its policy unchanged in May have increased after the release of US production inflation data for March. Overall production inflation unexpectedly turned negative in March: prices fell by 0.5% in a month, although it was forecasted that they would remain at the same level: The market enthusiastically received […]
The labour market report for March left mixed feelings, as it did not confirm the slowdown in employment growth that seemed to be evident in a number of other reports (initial jobless claims, ISM in the service sector, JOLTS job openings, etc.). Therefore, it was expected that the US inflation report for March would clarify […]
Retail Heavily Short EURJPY The retail market is holding a roughly 90% short position in EURJPY today putting the pair firmly in focus as a good candidate for longs. EUR has been trading higher all week and is benefiting nicely today from the drop in USD on the back of yesterday’s US inflation data. […]
TitleXAUUSD H4 | Resistance overhead TypeBearish Reversal Preference:Price is approaching our pivot level of 2032.237 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1981.694. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 2045.439. To discuss this trading idea, head […]
US Retail Sales Up Next US data is back in the spotlight today as traders ready themselves for the latest set of retail sales data. On the back of the sharp drop we’ve seen in CPI and PPI data, USD has been trending lower across the week as traders scale back their rate forecasts for […]
ETH Edging Higher The rally in crypto assets is turning into one of the hottest stories in markets as we kick off Q2. Following the heavy liquidations which took place last year and a tricky start to the year around plenty of negative news flow, crypto is seeing a surge in demand currently. Along with […]
JPM Earnings Due US earnings season heats up today with JP Morgan, the biggest US bank by assets, due to report Q1 earnings. The bank’s earnings are always seen as a bellwether for the broader financial sector and on the back of recent banking stress in the US, today’s results will be closely watched. In […]
USDCAD Trend Line Break USDCAD is on watch today with the retail market holding a heavy long position in the pair. The Canadian Dollar has emerged as one of the strongest performing currencies on Friday creating plenty of room for further downside in the pair as USD continues to head lower. Weaker-than-forecast CPI and PPI […]
UK Growth Stalls In Feb On the back of the IMF warnings earlier this week that the UK was at risk of being the worst performing economy in the G7 this year, today’s UK GDP figures for February offered little argument. GDP was seen at 0% on the month, a sharp drop from the 0.4% […]
TitleGBPUSD H4 | Potential reverse from 61.6% TypeBearish Reversal Preference: Price is approaching our pivot at 11.25241, which is a multi-swing high resistance that lines up with the 61.8% Fibonacci projection. If it breaks above, it could reach the 1st resistance at 1.25885, which also lines up with the -27.2% Fibonacci expansion. Alternative scenario:However, if […]