Tag: tickmill
Daily Market Outlook, February 14, 2024 Munnelly’s Market Minute…“US CPI Upside Surprise Leads To Selloff” Most Asian equity indices are trading in negative territory, reflecting the downturn observed in the United States.The significant change in Federal Reserve expectations, first triggered by a strong U.S. jobs report and then reinforced by Tuesday’s unexpected increase in inflation, […]
TitleGBPJPY H4 | Bearish reversal TypeBearish Reversal Preference:The price could rise to the pivot at 188.776, the multi-swing high resistance, from the pivot it could potentially reverse to the 1st support at 187.505, the overlap support. Alternative scenario: The price could rise and break out of pivot and continue rising to 1st resistance at 189.447, […]
Wages Rise, Unemployment Falls The British Pound is rallying today on the back of the latest economic data out of the UK, released this morning. The UK unemployment rate was seen falling back to 3.8% in the three months to December 2023. This marks a decline from the prior reading of 4.2% and was below […]
TitleEURUSD H4 | Bearish Breakout TypeBearish Drop Preference:Price is falling toward the pivot point of 1.0761 which is a multi-swing low support level. A breakout from this level price could continue to fall to 1st support at 1.0727, a swing low support level Alternative scenario:If price bounces the pivot, it could ride to 1st resistance […]
Daily Market Outlook, February 13, 2024 Munnelly’s Market Minute…“Nikkei Multi Decade Highs, US CPI Next” Equities in the Asia-Pacific region saw a notable uptick, particularly in Japan’s Nikkei 225, which surged nearly 3% fueled by gains in the tech sector. However, European and US equity futures display a more mixed sentiment ahead of the crucial […]
TitleDAX H4 | Reverse to support level TypeBearish Reversal Preference:The price could rise to pivot at 17066.26, the swing-high resistance, from there it could reverse to the 1st support at 16874.83, the pullback support. Alternative scenario:It might break out of pivot and rise to the 1st resistance at 17133.66, which aligns with the 127.2% Fibonacci […]
US CPI Up Next All eyes will be on the latest US inflation due to be released shortly today. Expectations are primed for a fall in annualised headline inflation to 2.9% from 3.4%. In light of the current focus on whether the Fed is likely to ease rates in the coming months, today’s data will […]
US Data Due Traders are braced for plenty of volatility this week with a slew of key economic data due. The schedule kicks off tomorrow with the keenly awaited US CPI reading for January. On the back of the recent uptick in inflation traders will be keen to see whether the lift in December extended […]
The price of Bitcoin has closely approached the key resistance level of 49000. The asset’s price might either rebound from the resistance or break it through. Hence, it would be interesting to follow the candlestick formations next to this level to forecast the upcoming price movements. The false breakouts are also possible so let’s keep […]
EUR/USD displayed resilience last week, closing positively for the fourth consecutive day, though ultimately ending the week virtually unchanged. Despite an initial surge to the 1.0800 mark, marking a one-week high, the pair succumbed to downward pressure during the European session, largely influenced by deficit of medium-term buyers. Uncertainty around forthcoming US CPI release, with […]