Fed – ECB Divergence Growing EURUSD exploded higher in response to the FOMC yesterday. With the Fed having pivoted further, opting for a .25% hike, there is now growing divergence between the Fed and the ECB. The Fed is now widely expected to bring its tightening operations to a close by the summer while the […]
Daily Technical Trade Set Ups for Emini SP500 & Nasdaq To access today’s actionable analysis click here! Source: Tickmill
The Fed hiked the interest rate by 25 basis points yesterday and hinted that there will be another hike, after which it will likely be done with tightening. Despite worries about inflation, Powell said at the press conference that the committee believes it is necessary to slow down the pace of monetary tightening. Market indicators […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleEURGBP potential for Bullish Rise towards previous swing high TypeBullish Bounce Preference:Looking at the H4 chart, my overall bias for EURGBP is bullish due to the current price being above the Ichimoku […]
Daily Market Outlook, February 1, 2023 Markets Await Fed Decision, After A Buoyant Month End Close on Wall Street Asian equity markets took the positive impetus on Wall Street and opened higher, driven by month end mark ups on US stocks with the benchmark SP500 closing +1.46% at 4,076, leading Asian investors to follow suit, […]
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 to Bullish Continuation TypeBullish Continuation Preference:We are seeing the price break the 1st resistance level. Looking for a buy entry at slightly below the resistance at 0.71453, take […]
Bitcoin has repeatedly tested the level of 22500. Currently, the asset is still targeting resistance at the level of 25000. The pullback from the broken level is a great chance for the bulls to realize their plans. Gold has tested the uptrend and formed a hammer. The asset might potentially jump soon, but only until […]
The Fed meeting in December, the Minutes of the meeting, incoming January US soft and hard data – all of them indicate that the Fed may deliver the penultimate rate hike today and implicitly announce the end of the tightening cycle at the next meeting. However, core inflation in the US is still high and […]
Upside Risks for EURUSD Looking across markets for the best opportunities ahead of the Fed today, EURUSD looks like a solid setup for a long should USD weaken on the back of the meeting. If the Fed delivers a smaller .25% hike as expected and also scales back its rates outlook for the remainder of […]
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleNZDUSD, H4 | Potential to swing high TypeBearish Reversal Preference: looking for buy at 0.64184 which is a pullback entry, take profit at 0.65248 which is the key resistance level. Source: Tickmill