Tag: tickmill
Metals Traders Brace for US CPI A quiet start for the metals complex on Monday. On the back of the recent selling we’ve seen, this isn’t necessarily a bad thing. Bumper US jobs data looks to have put an end to the metals rally for now with gold price correcting more than 5% from YTD […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleS&P500 potential for bearish drop towards intermediate support TypeBearish Drop Preference:Looking at the H4 chart, my overall bias for S&P500 is bearish due to the current price being below the Ichimoku cloud, […]
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 overlap support TypeBullish Bounce Preference:Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, […]
Gold has managed to form a bearish flag and approach the resistance at the level of 1820.00. The asset might potentially pull from this level and jump. Currently, gold is undergoing a mere correction. So, it would be wise to follow the candlestick formations to understand what might happen next. American stock index S&P 500 […]
Daily Market Outlook, February 13, 2023 A Cautious Start To Trading Ahead of Inflation Data Asian equities are mixed this morning ahead of tomorrow’s key US inflation print, with investors hoping that the trend in retreating inflationary pressures persists, however, Friday’s reports of revisions to past CPI data and elevated consumer inflation expectations have investors […]
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 for Bullish Rise to recent swing high TypeBearish Reversal Preference:Looking at the H4 chart, my overall bias for USDCAD is slightly bullish as there is a key support […]
Paypal Beats Earnings Forecasts Again Shares in iconic payment processing provider Paypal are tanking this week on the back of the company’s Q4 earnings. Shares are now down around 12% from last week’s YTD highs. The fall comes despite Paypal earnings falling near enough in line with expectations. EPS came in above forecasts at $1.24 […]
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 to recent swing low TypeBearish momentum Preference:Looking at the H4 chart, my overall bias id bearish as there is a descending trend line, Looking for sell entry at1.34512. […]
Oil prices rebounded on Friday to the highest level in 10 days on reports that Russia is going to voluntarily cut crude oil output. The news increased anxiety about potential market deficit especially if global demand recovery will accelerate in 2023. Brent benchmark traded near $87/bbl, WTI oil price gained 2%, advancing to $80/bbl. The […]
Shares of the Asia-Pacific region were trading mostly in the red today, taking over the bearish baton from the American session on Thursday. The US Dollar Index (DXY) rose to 103 amid a decline in risk appetite, EURUSD and GBPUSD struggle to defend 1.07 and 1.21 levels respectively. The crypto market also collapsed. The main […]