Tag: tickmill
Type: Bearish Momentum Key Levels:Resistance: 691.0 Pivot: 661. 40 Support: 675.60 Preferred Case:The overall price on the H4 is bullish . Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . Price attempted but failed to breach the first resistance level at 691.00. Price responded with a massive rejection […]
GBP Reversing Higher News that the UK government will scrap controversial plans to abolish the upper tax bracket in the UK has been met with a sharp relief rally in GBP. On the back of the roughly 10% drop suffered over the 23rd and 26th of September, GBP has now fully reversed these losses across […]
The metals market is seeing a positive start to the week, albeit a mostly quiet one for gold. Both gold and silver are trading in the green across the European open on Monday, underpinned by the weakness in USD. Following last week’s correction lower, DXY has failed to recover and is now under pressure once […]
Fed in Focus While USD has been out of the limelight recently, correcting lower last week amidst major market moves elsewhere, the underlying story is sill in favour of a higher USD. At the end of last week we heard Fed’s Brainard rounding out a week of hawkish Fed commentary. Brainard voiced her support for […]
Type: Bullish rise Key Levels:Resistance : 147.900Pivot: 144.275Support : 141.100 Preferred Case:On the H4, with price moving in the descending trend and breaking the ichimoku indicator, we have a bearish bias that price may drop from the pivot at 144.275 where the previous swing high sits to the 1st support at 141.100 where the 38.2% […]
Daily Market Outlook, September 30, 2022 Overnight Headlines Fed Officials Reinforce Rate Hike Calls, Say Markets Got Message Oil Set For First Quarterly Drop Since 2020 As Macro Mood Sours Europe Gas Falls As Traders Weigh Fallout Of Pipeline Eruptions Gold Edges Up On Softer Dollar, To Fall For Sixth Straight Month Aluminium Extends Gains, […]
BNY Mellon Brazilian Elections: Expect The Unexpected The first round of Brazil’s presidential election takes place this Sunday, Oct. 2. Contrary to what is priced, we believe the likelihood of incumbent President Jair Bolsonaro winning the second round against ex-president Luis Inacio Lula da Silva on Oct. 30 is close to 50-50. Our three working […]
EURJPY Breaking Out The recent EURJPY long idea has triggered on a break of the 140.82 level, following the reversal off the 137.74 level and bullish trend line. The retail market has turned more aggressively short the pair, supporting the view that we have further to run to the topside here. Price is fast approaching […]
EUR Turns Higher Amidst Market Turmoil It’s becoming a redundant sentence, I know, but what a week. FX volatility is back up at levels not seen since the outbreak of COVID and this has made for plenty of opportunity. We’ve seen many wild swings this week with the boomerang action in GBP clearly the winner […]
Volatility across asset classes is hitting new highs this year, credit spreads are rising, and the market is trying to calm down after the threat of a financial crisis that has been brewing in the UK pension fund industry has tipped. As a result, demand for defensive assets in FX remains high and is unlikely […]