Daily Market Outlook, February 8, 2023 Powell’s Talking Both Sides Of The Street, Investors Climb The Wall of Worry Mixed response from Asian equities to Fed Chair Powell’s speech, as Wall Street whipsawed in reaction to what many investors saw as two sided comments regarding the rate path going forward with markets pricing a higher […]
Uber Up Next On the back of a slew of major tech names reporting last week, focus this week shifts to ride hailing technology company (and food delivery technology company) Uber. The group has seen three consecutive quarters of earnings misses and traders and investors alike will be watching today to see if Uber can […]
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 Preference:Expect 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. TitleAUDUSD Potential for bearish drop towards intermediate support TypeBearish Breakout Preference:If price breaks this support right here, we can possibly see price drop from this pivot towards the intermediate support level.Resistance will […]
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 drop to intermediate support TypeBearish Continuation Preference:We’re seeing price tested and bounced back from the support line. There is a chance that the price go down and break […]
Record Profits Shares in oil giant BP are trading higher across the European morning today on the back of a stellar set of earnings. The group posted Q4 EPS of $21.95, just a touch under the $22.90 the market was looking for. However, revenues were seen higher than forecasts at $5.75 trillion vs $4.59 trillion […]
Equities Under Pressure From Resurgent USD It’s been a difficult start to the week for global equities benchmarks. Leading indices have come under pressure on the back of Friday’s US jobs data which has fuelled a shift in Fed expectations, leading to a stronger US Dollar. Friday’s data saw the headline NFP print coming in […]
Daily Technical Trade Set Ups for Cardano, Bitcoin & Litecoin To access today’s actionable analysis, click here! Source: Tickmill
TitleUSDJPY Potential for bullish rise towards overlap resistance 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, indicating a bullish market.Looking for price to retest the pivot which is the overlap support. Expecting price to then continue heading towards the […]
BTC Reversing From Recent Highs Bitcoin prices have come off a little from last week’s highs with the market turning lower by 7% across recent days. A slew of weaker-than-forecast tech earnings hurt sentiment last week. However, it was Friday’s post-NFP USD rally that really put BTC under pressure. With the NFP coming in well […]