Tag: tickmill
Daily Market Outlook, March 23, 2023 Powell Giveth, Yellen Taketh… Bailey Up Next Asian equities took their lead from Wall Street’s souring in risk sentiment, as all US benchmarks closed in the red, nursing 1%+ losses on the session as markets sought to make sense of duelling narratives, on the one hand FOMC Chair Powell […]
The currency pair EUR/USD is heading up. The asset is gradually approaching critical resistance at the psychological level of 1.1000. The asset’s price is likely to pull from this level soon. Time will tell when it might happen. Gold has pulled from the upper boundary of the range. The asset is heading down, targeting the […]
Fed in Focus Traders are bracing for the headline event of the week today with the March FOMC on deck later. Over the week ahead of the meeting expectations head been evenly split between a .25% hike and an unchanged decision. However, over the last 24 hours market has swung in favour of expecting a […]
GBP Spikes on Inflation Jump GBP has soared into pole position across the G10 FX space over the European morning on Wednesday. The latest UK inflation data released today highlighted an unexpected uptick in consumer prices last month which has fed into hawkish expectations ahead of the BOE tomorrow. Prior to the data, traders had […]
Title EURUSD H4 | Potential Bearish Reversal TypeBearish Reversal Preference:Price is currently in our pivot area at 1.07666 which lines up with a 50% Fibo retracement which is an overlap resistance, if price were to reverse it could potentially drop to 1st support at 1.06858 Alternative scenario:However, if it breaks above the pivot, it could […]
Title US30 H4 | Potential reversal from a key resistance TypeBearish Reversal Preference:The current price is at our pivot of 32541.53, which is an overlap resistance level just slightly above the 50% Fibonacci retracement. If prices were to reverse, 1st support level at 32310.3 could potentially be tested. Alternative scenario:However, if the price breaks above […]
UK Inflation Jumps in Feb The latest set of UK inflation figures has thrown a spanner in the works for the BOE ahead of tomorrow’s keenly awaited March rates meeting. Traders had been increasingly expectant that the BOE might pause rates this time around, or hike by a smaller .25% and signal a pause thereafter. […]
TitleDXY H4 | Potential reversal TypeBullish Bounce Preference:The price has bounced off from the pivot point at 102.5703, which is slightly above a 61.8% Fibonacci retracement. If the price were to reverse from this level, it could potentially move up towards the 1st resistance at 103.5574, which is a swing high resistance level. Alternative scenario:On […]
Title XAUUSD H1 | Potential reversal from 23.6% TypeBullish Bounce Preference:The price is nearing our pivot point at 1959, which lines up with a 23.6% Fibonacci retracement level. If the price were to reverse from this level, it could potentially rise towards the 1st resistance level at 1985. Alternative scenario:On the other hand, if price […]
Kiwi Coming Off The New Zealand Dollar has come under heavy selling pressure on Tuesday, despite a broad pickup in risk appetite. The latest data released overnight showed the New Zealand trade surplus narrowing sharply from the prior month, reflecting the negative impact of recent weather emergencies there. Recent cyclones and flooding saw the RBNZ […]