Tag: tickmill
Daily Market Outlook, March 1, 2023 China Growth At Decade Highs, Hang Seng Surges Overnight data from China confirmed the re-opening narrative is alive and well, with Chinese PMI’s registering the largest expansion in over a decade, Chineses equities surged with the growth sensitive HangSeng in the green by almost 5%. The robust data out […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleUSDCAD, H4 | Potential rise to a key overlap resistance TypeBullish rise Preference:Looking at the H4 chart, my overall bias for USDCAD is bullish as the current price is above the Ichimoku […]
China Data Rebounds Firmly The latest data out of China overnight has painted an encouraging picture of the economic recovery underway there since the government abandoned its zero covid policy at the start of the year. The latest CAIXIN manufacturing PMI reading was seen jumping to 51.6 last month, up from 49.2 in January. As […]
US Orders for durable goods – one of the key components of consumption, which is a decent proxy of households’ expectations of future incomes, posted decent gain in January. The headline reading declined MoM, however, excluding defense products and civil aviation, it rose by 0.8% (forecast was 0.1%). The latter indicator is more important because […]
Copper Comes A Cropper As the last full trading week of February comes to a close, we’ve seen several key developments with the January FOMC minutes, the first comments from incoming BOJ head Ueda and the G20 summit getting underway. Looking across markets, we haven’t been treated to as many big moves as we’ve […]
Euro area CPI increased by 8.6% YoY, according to the final data from Eurostat. The rate of growth of price level in the bloc declined compared to 9.2% in December. Preliminary estimate showed that consumer prices rose by 8.5%. MoM change in aggregate consumer price level was negative and amounted to 0.2%. Consumer prices, excluding […]
Incoming data on the US economy and the Fed’s rhetoric pushed greenback higher to a new local high (105 on DXY). Dollar demand also rose against the backdrop of increasing geopolitical risks – in particular, China issued a statement condemning certain features of US foreign policy, in which the market considered its readiness to increase […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleEURJPY potential for bullish rise towards previous swing high TypeBullish Bounce PreferenceExpect price to possibly retest the pivot which is the overlap support before heading towards the previous swing high resistance.The support […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleUSDJPY Potential for bullish rise towards previous swing high TypeBullish Breakout PreferenceLooking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku […]
Rates to Stay Low The Japanese Yen has come under pressure across the European open on Friday following seemingly dovish comments from incoming BOJ governor Ueda. Speaking at the Japanese Diet, Ueda told members of parliament that he felt the BOJ’s ultra-loose monetary policy is still appropriate for now and signalled that he is in […]