Tag: tickmill

Equities Plunging Ahead of Christmas As Recession Fears Weigh Global equities benchmarks are trading with a heavy tone today as risk markets remain under pressure across early European trading on Tuesday. The driver appears to be the renewed focus being put on global recession risks on the back of last week’s slew of central bank […]

The Bank of Japan announced an unexpected change to its bond yield targeting policy and will now allow 10-year JGB yields to rise to 0.50%. Although Central Bank Governor Kuroda has warned unequivocally that this is not a rate hike, curbing speculation about a further BOJ normalization in 2023 will not be easy. USD/JPY may […]

BTC Threatening a Fresh Move Lower? Following a corrective grind higher over the last month or so, Bitcoin prices turned sharply lower into the back end of last week as fresh central bank hawkishness weighed on risk sentiment. Both the Fed and the ECB seemingly caught markets a little off guard last week, fuelling recession […]

GBP Falls on Divided BOE Hike In stark contrast to the price action we’ve seen in EUR following the ECB, GBP has been on the backfoot following the December BOE meeting. The UK central bank pushed ahead with a further .5% hike as expected, taking rates to their highest level in 14 years. However, there […]

Type: Bearish Drop Key Levels:Resistance: 2569Pivot: 2422Support: 2470 Preferred Case:Looking at the H4 chart, my overall bias for CC1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to break the support at 2470, where the 61.8% Fibonacci line is […]

Technical Trade Set Ups For SP500, DXY & AUDUSD Source: Tickmill

Gold and Silver Rebound Off Lows The metals market is starting the week on a better footing with both gold and silver seeing decent demand across the European open on Monday. Both metals has been under pressure early last week before reversing higher into the end of the week as risk assets plunged Gold saw […]

Bitcoin has pulled from the resistance at the level of 18500 and dropped. The asset is likely to drop to the level of 15625, gain the required support, and head up. So, let’s observe what is going to happen next. American stock index S&P 500 broke the short-term uptrend and horizontal level of 3935. This […]

Daily Market Outlook, December 19, 2022  Investors continue to digest last week’s central bank activity, as the Fed, the BoE, and the ECB all raised interest rates and struck a distinctly hawkish tone. Asian equity markets took their lead from a weak close on Wall Street, however, European markets are set to post a rebound […]

Type: Bearish Drop Key Levels:Resistance:673.75Pivot:651.25Support:638.25 Preferred Case:Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 638.25, where the -27.2% Fibonacci expansion line and […]