Tag: tickmill
Real Wages Falling The latest economic data out of the UK today has further heightened fears of a recession there. in the three months through August 2022, the unemployment rate was seen ticking back up to 3.6% from 3.5% prior. At the same time, wages were seen rising just 6%, down from the prior 3-months’ […]
UK CPI Soars Again The latest UK economic data today makes for troubling reading. CPI was seen spiking higher to 11.1% in October, well above the 10.7% the market was looking for. Marking a full 1% jump from the prior month, this reading brings UK inflation back to its highest level in 41 years. The […]
Technical & Trade View EURUSD Trade View 1.0467 Target Achieved, New Pattern Emerging Bias: Bullish Above Bearish below 1.0285 Technicals Primary support is 1.0285 Primary upside objective is 1.0620 Next pattern confirmation, acceptance above 1.05 Failure below 1.0270 opens a test of 1.0165 20 Day VWAP bullish , 5 Day VWAP bullish Today’s New York […]
Daily Market Outlook, November 16, 2022 “Risk sentiment rocked by stray rocket hitting Poland, reports that a missile landed on the Polish border killing at least two caused a dramatic pullback in US markets, however, as it became clearer that the reported ‘missile’ was more debris from a Ukrainian defensive action markets stabilised, overnight President […]
US Retail Sales in Focus On the back of a weaker-than-forecast US CPI print for October, the US Dollar has come under heavy selling pressure. The data, and subsequent comments from Fed vice chair Brainard, have added weight to the market view that the Fed will slow the pace of its rate hikes in December, […]
Technical & Trade View NZDUSD Bias: Bullish Above Bearish below .6000 .6164 Target Achieved, New Pattern Emerging Technicals Primary support is at .6000 Primary pattern objective is .6240 Daily HVN Acceptance above .6165 next pattern confirmation Failure below .6000 opens a test of .5900 20 Day VWAP bullish , 5 Day VWAP bullish Institutional Insights […]
The euro and pound sterling pare down the intraday decline that took place during the Asian session as risk appetite remains high while the dollar repositioning continues. EURUSD consolidates around 1.03, GBPUSD trades slightly below 1.18 level. Data on industrial production in the EU for October added optimism; growth in annual terms amounted to 4.9% […]
Equities Bounce Back As USD Fall Continues on Dovish Fed Commentary Global equities benchmarks have seen a broadly positive start to the week. On the back of the gains we saw last week, linked to a softer-than-forecast US inflation report, equities traders are looking to extend the rally this week. While yesterday saw some intra-day […]
Paris vs London Rivalry between London and Paris traders undoubtedly increased this week amidst news that the Paris stock exchange overtook London in value for the first time since record started in 2003. According to Bloomberg, the Paris stock exchange is now worth roughly EUR 2.823 trillion, while the London stock exchange is worth EUR […]
Citing significant economic uncertainty in the coming months, OPEC has lowered its oil consumption growth forecast for the 5th consecutive time since April. The adjustment was -100K b/d for 2022 and 2023. The last time OPEC revised its forecast at the last meeting, it was decided to increase production by 2 million barrels per day. […]