Tag: tickmill

Bailey Talks Down Pound GBP has come back under selling pressure into the end of the week following comments from BOE governor Bailey who yesterday suggested that UK rates might have peaked. During a PR event yesterday, Bailey cautioned that further rate hikes were not inevitable and that any further adjustments will be data dependent. […]

EUR Falls on Inflation Data EUR is trading lower today on the back of the latest flash eurozone inflation data released this morning. The first look at CPI for last month showed the headline reading cooling slightly to 8.5% from 8.6% prior year-on-year. However, this was a touch above the 8.3% the market was looking […]

Daily Market Outlook, March 2, 2023 All Eyes On Euro Area Inflation ISM data left Wall Street closing on a whimper, markets are increasingly pricing a higher terminal rate for the US rate cycle, compounded by hawkish rhetoric from Fed members Bostic & Kashkari both of whom remarked that a 5%+ terminal rate is required […]

Oil Traders Cut Longs The latest CFTC COT institutional positioning report, the first to be released since January 27, saw oil traders pairing back their upside exposure. Net longs were reduced from 249k to 243k contracts. The muted movement in positioning has been well reflected in the muted price action we’ve seen in crude recently […]

ISM Manufacturing Due Today The latest US ISM manufacturing data due today will be the key data focus for the session ahead. Recent upside in US data, alongside higher inflation, has been a key driver of the shift in the market’s Fed expectations. Traders are now anticipating a more hawkish stance from the Fed in […]

GBP On the Up GBP has been well bid across the Asian session and early European session today in response to news of UK PM Sunak’s Brexit breakthrough. The PM and EC president Ursula von der Leyen yesterday agreed to a new set of trade terms for Northern Ireland which, both sides hope, will finally […]

Financial markets face a difficult choice between two narratives: a soft landing in key economies after a period of high inflation (thanks to the restart of China’s economy) and signs of a stubborn inflation that call into question the dovish policy outlook of central banks this year. The search for equilibrium is likely to keep […]

Inflation Drops Back in Feb The RBA will no doubt be welcoming the latest Australian inflation data received overnight. Yearly CPI was seen falling back to 7.4% in February, down from the 8.4% peak marked in January and below the 8.1% reading the market was looking for. The spike in January inflation threw a major […]

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleNZDUSD Potential for bearish drop towards overlap support TypeBearish Reversal PreferenceLooking at the H4 chart, my overall bias for NZDUSD is bearish with the current price being below the  Ichimoku Cloud. To […]

Daily Market Outlook, February 28, 2023 Mixed Market Performance Into Month End Asian equities unable to muster any meaningful upside momentum, as month end flows failed ignite risk sentiment, the handover from Wall Street was marginally positive, after recovering the majority of Friday’s losses investors pared risk exposure into the close leaving the benchmark indices […]