Tag: tickmill
Oil Still Stuck in Range for Now Oil prices have seen a much quieter week so far with crude futures holding within last week’s range for now. A stronger US Dollar has caused some downside pressure in crude this week though prices appear to be recovering nicely on Thursday. We’ve been without a COT update […]
Inflation Falls Again Yesterday’s weaker-than-forecast UK inflation reading has put the emphasis back on a BOE pivot. On the back of the BOE’s most recent .5% hike, taking rates to their highest level in 14 years, market pricing has swung in favour of a smaller .25% hike at the upcoming March meeting. The BOE has […]
The dollar index continued to rise on Thursday and broke through the 104 level. The dynamics of economic activity in the US continues to surprise this quarter, which allows the Fed to remain hawkish and keep short-term yields in the US unchanged. Today’s data calendar is not particularly remarkable, but several speakers from the Fed […]
Daily Market Outlook, February 16, 2023 European Earnings Pump The CAC 40 To Join The FTSE At Record Highs Asian equities are mostly in the green overnight following a positive close on Wall Street as investors digested data including much stronger than expected retail sales coupled with a robust read from the New York Fed […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleAUDUSD, H4 | Potential reversal off a key overlap support TypeBullish Reversal Preference:We are seeing the price has tested and bounced back from the key support. Looking for a pullback buy entry […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleXAUUSD Potential for bearish drop towards overlap support TypeBearish Breakout Preference:Looking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud, […]
Microsoft Holds Above Key Level Shares in Microsoft have been stalled recently following the move in early Feb to fresh highs for the year. The company has been riding thick and fast waves around Chat GPT, the AI program it is heavily invested in. On any given day, depending on what you are reading, AI […]
US Retail Sales Up Next Today’s US retail sales will be the next key input for USD traders. On the back of a bumper January jobs report and a fresh uptick in inflation, the market is expecting retail sales to have bounced back from the weakness seen in December. Amidst a slew of fresh hawkish […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleAUDUSD, H4 | Potential for Bearish Drop to recent swing low TypeBearish Reversal Preference:Looking at the H4 chart, my overall bias is bearish as there is a strong resistance level. Looking for […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleGBPNZD Potential for bullish rise towards previous swing high TypeBullish Bounce Preference:Looking at the H4 chart, my overall bias for GBPNZD is bullish due to the current price being above the Ichimoku […]