Tag: tickmill
Daily Market Outlook, November 24, 2022 ‘Markets Thankful Fed Likely To Tap The Brakes on Rates ’ Overnight Asian equities were buoyed by a positive close on Wall Street, with US markets closing at near two-month highs, as markets cheered the FOMC minutes, the Fed appear to be coalescing around a slower pace of rate […]
US equities posted a buoyant reaction to the minutes of the Fed meeting, released on Wednesday. The report showed that the majority of FOMC members judged that it would be appropriate to slow down the pace of rate hikes in the near future due to uncertain lag between monetary decisions and their impact on the […]
Bitcoin did not hit the supporting level of 13000+ just yet. The asset has repeatedly approached the level of 15625 and reversed back up. The key market players could be buying large amounts of Bitcoin now. Currently, Bitcoin is undergoing a correction, which might last until the asset will face resistance at the level of […]
Oil Traders Increase Longs The latest CFTC COT institutional positioning report shows that oil traders increased their net long positions once again last week. Total upside exposure rose to around 278k contracts from around 274k contracts prior, marking the fourth consecutive week of bullish positioning growth. Sadly, for those who added to upside bets last […]
Technical & Trade View Silver Futures Trade View Bias: Bullish Above Bearish below 19.90 Technicals Primary resistance is 21.65 watch for bearish reversal patterns here Primary pattern objective is 19.90 Acceptance below 20.50 next pattern confirmation Acceptance above 21.70 opens a test of 22.10 20 Day VWAP bearish , 5 Day VWAP bullish Options Expiries […]
Type: Bearish Momentum Key Levels:Resistance:1465.00Pivot:1409.75Support:1391.75 Preferred Case:We have a bearish bias on the H4 chart. In addition, price is below the Ichimoku cloud , indicating a bearish market. If the bearish momentum continues, price may continue to move towards the Pivot at 1409.75, where the 50% Fibonacci line is located. Alternative Scenario:Price may rise again […]
The Composite PMI Index in the EU remained in the zone of depression for November (47.8 points), slightly better than October, but still pointing to a reduction in activity in the European economy. The good news is that inflationary pressures are fading as supply crunches ease, and the depth of the expected recession may not […]
Client Withdrawals Shares in troubled French bank Credit Suisse are coming under fresh selling pressure this week as concerns build around large client withdrawals. Credit Suisse this week warned that it is facing a roughly $1.5 billion loss in Q4 as a result of withdrawals from major clients. The bank’s shares have been in decline […]
Technical & Trade View US Dollar Index Futures Trade View Bias: Bullish Above Bearish below 108.50/70 Technicals Primary resistance is 108.50/70 watch for bearish reversal patterns here Primary pattern objective is 104.50 Acceptance below 106 next pattern confirmation Acceptance above 108.70 opens a test of 109.25 20 Day VWAP bearish , 5 Day VWAP bearish […]
Type: Bullish Continuation Key Levels:Resistance:4173.25Pivot:3913.25Support:3751.75 Preferred Case:We have a bullish bias on the H4 chart. Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . If the bullish momentum continues, price may move towards the 4173.25 resistance level , where the 78.6% Fibonacci Fibonacci line is. Alternative Scenario:Price may […]