Tag: tickmill

Eurozone CPI Rises Again The first glimpse at Eurozone CPI for September makes concerning news. Headline CPI was seen breaking out to further record highs at 10% on the month. This marks a further stark increase from the prior month’s 9.1% reading and come sin above estimates for a 9.7% result. Similarly, core CPI was […]

Bitcoin keeps testing the supporting level of 19000 without breaking it. Bitcoin is still likely to pull away from the support and target the level of 22000 next. Having formed the new minimum, gold is trying to recover. So far, this asset is likely to approach the level of 1735, which is located next to […]

Equity markets remain highly turbulent, apparently there is little consensus on what lies ahead for the global economy. US markets posted modest gains on Wednesday, but already on Thursday there are no signs of optimism left since risk assets decline, SPX futures trade below 3700 points, European markets tank, losing on average 1.5%. Fixed-income markets […]

Daily Market Outlook, September 29, 2022 Overnight Headlines Fed’s Evans: Fed Must Press On Despite Global Market Volatility Biden Tells Econ Team To Stay In Touch With Allies On Markets US Treasury Alarmed At UK Economic Chaos Unleashed By PM BoE Response Highlights ‘Impossible Trinity’ Of Liquidity Issues Pressure Builds On Kwarteng As UK Tories […]

Oil Traders Cover Shorts The latest CFTC COT institutional positioning report shows that oil traders increased their net long positions in oil last week from 227k contracts to 240k contracts. This marks the second straight week of position building in oil, bringing the total upside position higher off the recent lows around 214k contracts, mostly […]

BNY Mellon BOE: Avoiding UK Mortgage Mayhem The Bank of England went to great lengths Wednesday to stress that its intervention in Gilt markets is purely a financial-stability-related operation. The time-limited and targeted nature of the purchases is clearly different from the operational parameters of quantitative easing or yield curve control. Coupled with the fact […]

Netflix Shares Higher on Thursday Shares in US streaming giant Netflix are seeing a fresh wave of buying this week. Along with the drop in USD yesterday, which helped lift equities across the board, Netflix is also benefiting from news that it will launch its first gaming studio. The studio, which will be based in […]

BOE Emergency Measures Announced The Bank of England yesterday was forced to take emergency action in the UK bond market, announcing £65 billion in purchases to be completed over the next 13 working days. The surprise announcement comes just days after the BOE issued a statement in response to the collapse of the Pound noting […]

GBP Finds Equilibrium – For Now Following the heavy volatility we saw in GBP on Friday and Monday, price action has since stabilised. In GBPUSD in particular, price plunged almost 5% on Monday before reversing around 70% of those losses. The market has since been underpinned by support at the 1.0646 level though looks vulnerable […]

BNY Mellon Reserve Import Cover Shows Vulnerability Although August macro data for APAC countries in general showed continued deterioration, one relative bright spot was tentative signs of stabilization in economic conditions in China. Aside from declining credit growth (aggregate financing eased 0.2ppt to 10.5%), China’s activity data otherwise was encouraging. Examples of recovery signs came […]