Tag: tickmill
Equity market investors are getting increasingly nervous and risk-averse as the US economy continues to surprise with bearish economic reports this week. On Tuesday, it was the JOTLS data and the ISM manufacturing report, on Wednesday, the ADP employment report and PMI in the non-manufacturing sector were released, all four of which failed to meet […]
RBA Reassures Markets Over Aussie Banks In its latest semi-annual Financial Stability Review released overnight, the RBA sought to reassure markets over the health of the domestic banking sector. In light of the recent banking sector stresses seen in the US and Europe, the RBA noted that “Banks are well regulated, strongly capitalized, profitable and […]
Oil Traders Increase Longs The latest CFTC COT institutional positioning report shows that oil traders increased their net longs last week, taking the total upside position to 181k contracts from the prior 154k contracts. This jump in bullish positioning comes on the back of 5 weeks of reductions in upside exposure which saw the total […]
TitleNZDUSD H4 | Bounced off from support level TypeBullish Bounce Preference:Price has just bounced off from our pivot point at 0.62807 , which is an overlap support along with a 61.8% Fibo retracement. Price could push up to the 1st resistance at 0.63357 , which is swing high resistance. Alternative scenario:However, if the price were […]
CAD Rallies on Oil Gains The Canadian Dollar has seen plenty of strength over the European morning on Thursday. Despite a weaker risk backdrop, the rally in oil prices this week on the back of recent OPEC+ production cut announcements has seen CAD enjoying a wave of fresh demand. Interestingly, the retail market is holding […]
Oil Price Boost Shares in US energy company Phillips 66 are surging higher ahead of the US open today on the back of a solid 6.5% gain yesterday. The rally comes on the back of the recent OPEC+ production cut announcement which has seen oil prices increasing and many players revising higher their oil price […]
TitleAUDUSD H4 | Aussie pulling back towards a key suppport TypeBullish Bounce Preference:Price is approaching our pivot level of 0.66718 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 0.67589. Alternative scenario:If price breaks below the pivot level, it could hit the 1st support of 0.66369. To […]
Daily Market Outlook, April 06, 2023 Markets Winding Down, Could Labour Data In The US Spoil The Holiday Spirit? Asian equities are trading with a subdued tone heading into the holiday weekend with most money centres winding down for early closure tomorrow. The risk tone has softened in the past couple of sessions driven by […]
TitleXAUUSD H4 | Breakout 1st resistance TypeBearish Reversal Preference:Price is currently at our pivot point of 2025.84, which is a swing high resistance. However, given the current bullish momentum, it is possible that price could break above this level and rise towards the 1st resistance at 2054.152 Alternative scenario:However, in case of a reversal, price […]
Daily Technical Trade Setups For DXY, EURUSD & GBPUSD To access today’s actionable analysis click here! Source: Tickmill