Tag: tickmill
S&P Slips From Highs It’s fair to say that it’s been a relatively quiet week across markets. We’ve seen decent volatility, just little in the way of clear directional moves. Much of what has gone up, subsequently came down and vice versa. Weeks like this, however, are a good time to reflect on one’s trading […]
UK Economy On the Edge The latest UK economic data today suggests that the recent optimism we’ve seen might be a little pre-mature. Preliminary quarterly GDP was seen at 0% in Q4, just above the -0.3% seen over the prior quarter. Had the result been negative today, the UK would have been in a technical […]
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 TypeBearis Preference:My overall bias for AUDUSD is bearish as there is a descending trend line. Looking ofr buy entry at 0.701, […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleETHUSD potential for bearish drop to overlap support TypeBearish Reversal Preference:Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the current price being below the Ichimoku cloud, […]
Daily Market Outlook, February 10, 2023 Valentines Day Pick For BoJ Chief Could Prove To Be A Heartbreaker For Yen Bears Asian equities are mostly lower overnight as declines in US equities persisted following reports suggesting Fed comments that US interest rates have further to rise. Chinese inflation data for January was mixed as annual […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleGold potential for bearish drop towards overlap support TypeBearish Drop Preference:Looking at the H4 chart, my overall bias for Gold is bearish due to the current price being below the Ichimoku cloud, […]
Daily Market Outlook, February 9, 2023 European Markets On the Front Foot, As German Inflation Increases At A Slower Rate Asian markets trade with a bid tone, China indices pushed higher on PBOC liquidity interventions, an overnight reversal in US futures adds fuel to the risk on sentiment as delayed German inflation data came in […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleEURUSD Potential for bearish drop towards previous swing low TypeBearish Reversal Preference:Looking at the H4 chart, my overall bias for EURUSD is bearish due to the current price being below the Ichimoku […]
Newly minted dollar bulls after the NFP report did not hear anything encouraging from Powell on Tuesday, but other Fed representatives tried to meet market’s request for hawkish comments. Four Fed officials, who are at different positions on the spectrum of hawks and doves, have indicated that it is necessary to raise rates above 5%, […]
Jay Powell chose not to rock the markets yesterday, acknowledging that stronger economic data could lengthen the tightening cycle, while also saying that 2023 will be “a year of slowing inflation”. The dollar still faces moderate upside risks this week, but stabilization looks more likely today. Fed Chairman Jerome Powell’s speech yesterday did not contain […]