Tag: tickmill

It seems that Democrats are doing slightly better than expected in the midterm elections, and the head-to-head race points to the possibility they may be able to retain control of the upper house. The broad market shows a relatively tepid reaction to the incoming elections news: short-term FX and equity markets volatility remains relatively low, […]

Daily Market Outlook, November 9, 2022  “Asian markets are generally softer, failing to pick up the bullish baton set up by the positive tone from European and US markets. China has removed Covid restrictions in the critical Zhengzhou region which houses the major iPhone production plant, this news was accompanied by an extension of restrictions […]

Tesla Under Pressure  Shares in Tesla have come under fresh selling pressure this week. Initially sales were linked to news that Tesla was recalling around 40,000 electric vehicles in the US due to a power-steering problem.  However, bearish sentiment intensified midweek on news that Elon Musk has offloaded another round of shares. Musk Sells More […]

Technical & Trade View US Dollar Index Futures Consider 109 Target Achieved, New Pattern Emerging Bias: Bullish Above Bearish below 111.30 Technicals Primary resistance is 111.30 Primary pattern objective is 107.75 Acceptance below 109 next pattern confirmation Acceptance above 111.50 opens a test of 112.20 20 Day VWAP bearish , 5 Day VWAP bearish Notes […]

Fresh Wave of Selling You’ve got to feel sorry for bitcoin bulls. After months of sideways action hopes of a rally were dashed as the leading digital coin broke down to fresh 2022 lows again this week. Now trading at its lowest levels since December 2020, BTC has dropped by roughly 65% this year and […]

Red Wave to Red Ripple? Counting for the US midterm elections has begun and as the initial results filter in we are seeing the Republican party closing in on winning the House, while the Senate looks far more evenly contested and Democrats are still in the lead currently. Looking at state elections, it is worth […]

Daily Market Outlook, November 8, 2022 “Asian markets retain a bid tone overnight, the outlier remains Chinese equities which have failed to take the positive lead from European and US markets overnight. Overnight data from Australia showed continued deterioration in both business and consumer sentiment readings. Markets are firmly focused on political developments in the […]

Technical & Trade View SP500 (emini futures contract) Bias: Bullish Above Bearish below 3770 Technicals Intraday 3800 is primary support Primary pattern objective is 4125 Acceptance above 3930 next pattern confirmation Failure below 3770 opens a test of 3730 20 Day VWAP bullish , 5 Day VWAP bullish Notes  Goldman Sachs institutional trading desk notes […]

Chinese foreign trade data for October, released on Monday, had dovish implications for the broad market as both imports and exports didn’t live up to growth expectations, with a declining YoY (-0.3% exports, -0.7% imports). Both indicators have been declining for several months in a row: So far, the reaction to the data was set […]

Daily Market Outlook, November 7, 2022 “ A whipsaw end to the week in the US on Friday, following the mixed Non Farm payrolls release which saw the Dollar post one of its largest declines in the past seven years. Chinese authorities did little to boost risk appetite as they reaffirmed their commitment to zero […]