Tag: tickmill
Daily Market Outlook, December 15, 2022 Asian equities are trading on the backfoot following last night’s more hawkish read from the US Fed policy decision, while the pace of tightening was reduced, with interest rates increasing by 50bp (to a Fed funds rate of 4.25-4.50%) compared with the 75bp hikes at the prior four meetings, […]
Fed Says Rates To Be Higher For Longer The December FOMC outcome yesterday was noteworthy in that, while the Fed finally pivoted on rates, the accompanying guidance was more hawkish than expected. The net outcome was that USD has been well bid on the back of the meeting while risk assets have suffered. The main […]
Oil Traders Cut Longs Again The latest CFTC COT institutional positioning report shows that crude traders cut their net long positions once again last week. Total upside exposure now sits at 232k contracts, down from 240k contracts prior. This marks the third consecutive weekly reduction in upside bets, taking the total long position down from […]
Type: Bullish Rise Key Levels:Resistance:4173.25Pivot:3913.25Support:3751.75 Preferred Case:Looking at the H4 chart, my overall bias for SPX is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head up towards the resistance at 4173.25, where the 78.6% Fibonacci line is. […]
Type: Bullish Continuation Key Levels:Resistance:1508.75Pivot:1469.00Support:1423.25 Preferred Case:Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance level at 1508.75, where the previous swing high […]
Type: Bullish Continuation Key Levels:Resistance:1508.75Pivot:1469.00Support:1423.25 Preferred Case:Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance level at 1508.75, where the previous swing high […]
Type: Bullish Continuation Key Levels:Resistance:34707Pivot:34199Support:33675 Preferred Case:Looking at the H4 chart, my overall bias for YM1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head up towards the resistance at 34707, where the previous swing high is. […]
Daily Market Outlook, December 14, 2022 Stocks Reverse CPI Surge Wall Street surged higher on softer-than-expected CPI as investor risk sentiment seemed fuelled by the prospect of peak inflation being in the rear view mirror, however, as markets digested the data sentiment shifted significantly from the prospect of peak inflation to growth concerns, the intraday […]
Chinese Stocks Lower Ahead of Fed Chinese stocks are sitting off recent highs today. Despite the Chinese government having further relaxed various covid restrictions over the last few weeks, traders are watching developments carefully amidst news of a surging covid outbreak in Beijing. While there has been much speculation around the potential scrapping of the […]
US Inflation Cools Further The peak inflation narrative has been given a further boost this week with the latest US and UK inflation data showing a cooling of consumer prices in both economies. In the US, annualised inflation was seen falling back to 7.1% last month, marking its lowest level since December 2021. This marks […]