Tag: tickmill

 Nike Earnings Up Next Traders are looking to shares in Nike today as the company prepares to release Q3 fiscal year 2023 earnings later today. The stock has been under pressure over recent weeks, correcting around 12% lower from YTD highs. However, ahead other earnings release today Nike shares are trading a little higher suggesting […]

Equities Bounce Back As Traders Look Beyond Banking Troubles  Global equities benchmarks are climbing strongly at the start of the week. Despite a sea of red as we opened yesterday, losses were quickly reversed and risk appetite was seen returning as news of the UBS purchase of Credit Suisse made its way through markets. Although […]

Daily Technical Trade Set Ups For Gold, Silver & Crude Oil To access today’s actionable analysis, click here! Source: Tickmill

EUR Moving Higher The Euro has been broadly higher today on the back of comments made by ECB president Lagarde yesterday. Testifying to European Parliament, Lagarde was seen reaffirming her commitment to bringing inflation back down to target. On the back of the bank’s latest half-point rise last week, Lagarde told members of the Economic […]

Bitcoin broke the level of 25200. So, the asset is heading up. The asset’s price might gain the required support at the very important levels 25200 and 21400, pull and jump. Time will tell how soon this is about to happen. Gold has tested the resistance area formed between the levels 1976 and 2000. The […]

Gold Rally Continues on Risk Aversion It’s been a bumper start to the week for gold and silver with both metals enjoying firm demand across early European trading on Monday. Gold prices are trading at fresh highs for the year as the rally continues to log gains amidst on going market turmoil and investor uncertainty.  […]

Daily Market Outlook, March 21, 2023 Banking Concerns Calmed, As US Considers Backstopping All Deposits Asian equity markets took Wall Street’s lead, with most markets printing gains given the retreat in market fears around the banking sector as investors digested Credit Suisse’s emergency acquisition by UBS and fresh optimism that FDIC’s deposit insurance amount could […]

At the beginning of this week, two events that occurred over the weekend were in the focus of the market. The first was the news of Credit Suisse being acquired by another Swiss bank, UBS, with the involvement of the government through guarantees. This gives the markets some respite as the chances of new surprises […]

Brent oil is moving in a narrow range. The asset might potentially enter the supporting zone formed between levels 77.65 and 75.16 and located next to the weekly broken downtrend. The asset’s price is likely to pull from this downtrend and jump. So, let’s observe what will happen next. Currently, Bitcoin is targeting the supporting […]

Oil Traders Cut Longs The latest CFTC COT institutional positioning report shows that oil traders reduced their net long positions again last week. Total upside exposure was cut from 243k contracts to 224k contracts. This marks the second consecutive weekly pairing of upside bets since the COT started reporting again and throws further uncertainty over […]