Tag: tickmill
BTC Rebound Underway Following heavy losses over 2022, Bitcoin is starting the year in a much more encouraging manner. The leading crypto asset has recorded a roughly 30% rally over initial 2023 trading, taking price back up to levels last seen in September 2022. The main driver behind the move appears to be the shift […]
Goldman To Follow JPM & Citi? Shares in US banking giant Goldman Sachs are trading higher ahead of the open today as traders brace for the group’s Q4 earnings. A slew of strong earnings from leading financials on Friday has helped stoke sentiment ahead of the release. In terms of the numbers, Wall Street is […]
Daily Market Outlook, January 17, 2023 China Growth Concerns Cap Asian Equities EX Japan, BoJ Bets Supports The Nikkei China growth concerns have put a cap on the Asian equity markets’ bullish sentiment with the MSCI Asia Pac index retreating from seven month highs. China data confirmed 2022 as a dire year for the region […]
Technical Trade Set Ups for EURAUD, USDJPY & Crude Oil Source: Tickmill
JPM Records Q4 Earnings & Revenues Beat America’s biggest bank, JP Morgan, kicked off US earnings season on Friday along with several other big names. The bank saw earnings and revenues both topping forecasts in Q4 with EPS of $3.57 vs $3.05 expected on revenues of $34.54 billion vs $34.35 billion expected. While the headline […]
Last week Bitcoin jumped quite a bit, forming the tower candlestick. This candlestick is strongly supported at the level of 16000. The price of Bitcoin also broke the weekly downtrend and got back to the supporting level of 16000. Next, Bitcoin has tested the broken trendline. The asset has been remaining in a very narrow […]
Daily Market Outlook, January 16, 2023 Risk Appetite Remains Buoyant, As The Dollar Makes New Lows For 2023 Asian Equities once again took a positive impetus from the rally on Wall Street Friday, with the benchmark SP500 notching up a 0.4% gain confirming back to back positive weekly gains to kick off the new year. […]
Type: Bullish Rise Key Levels:Resistance:291.70Pivot:277.30Support:263.15 Preferred Case:Looking at the H4 chart, my overall bias for ZINC1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 291.70, where the 50% Fibonacci line is. Alternative Scenario:Price […]
EURJPY Sitting on Key Level Price action in EURJPY is looking interesting here. The pair is currently sitting near the middle of the 133.27 – 147.75 range which has framed price action since Q2 last year. Over the last few months, EURJPY has been correcting lower, despite broad strength in EUR. Of late, JPY has […]
After falling last week by 2% to 101.80, the dollar index rebounded on Monday amid no visible bearish catalysts to push lower. The rebound could be also facilitated by the fact that the price has reached the lower bound of the bearish channel: From a technical point of view, upside USD correction after the significant […]