Tag: tickmill

AUDJPY Reversing Heavily AUDJPY has undergone a sharp shift in sentiment over recent weeks. Following the breakout to fresh 2022 highs in mid-September, the pair has now collapsed and traded down from around 98.80s to 92.20s currently. The reversal comes amidst a heavy wave of risk aversion sweeping across markets which is fuelling safe-haven demand […]

Copper Turning Lower The recent short idea issued in copper futures has triggered on a break of the 3.3445 lows this week. Copper prices have turned sharply lower following the rejection at the 3.7300 and with support now broken, the focus is on a move down towards the 2.9610 level next. With the US Dollar […]

BNY Mellon Closing The UK’s Credibility Gap It is abundantly clear that markets do not view the UK Chancellor’s budget plans as credible. While market participants will remain on guard for potential action from the Bank of England to stabilise the pound, its Monetary Policy Committee is realistically only in a situation to be reactive […]

Daily Market Outlook, September 27, 2022 Overnight Headlines Fed Officials Stare Down Markets, Repeat Inflation Top Focus Pound Under Siege With Mounting Odds It Will Drop Below $1 Yuan Plunge Nears 14-Year Low, Inviting Aggressive PBoC Pushback Biden Tells Oil Companies ‘Bring Down Prices You’re Charging’ PBoC Makes Biggest Cash Injection Into System Since February […]

EURJPY On Watch Price action in EURJPY is looking interesting to the long-side here. Following the reversal lower from the failure at 143.80, price has since traded back down to test the 137.74 level and the rising trend line from YTD lows. Yesterday’s reversal saw a bullish pin bar form at what might prove to […]

Equities Attempting Recovery Following Heavy Monday Losses Global equities benchmarks have seen a mixed start to the week with most indices finding their feet today after heavy selling across Monday’s trading. The ongoing rise in USD on the back of last week’s FOMC meeting has had a heavy downward impact on equities prices. With the […]

US equities fell on Monday, however Asian markets managed to resist the bearish mood on Tuesday, closing on the green side. This is due to a slowdown in the flow of negative news from the geopolitics’ front and from central banks that are fighting inflation. Demand for risk recovered in European markets as well, European […]

ETH On Watch Following the much-vaunted Ethereum network merge which was completed on September 15th, ETH has been fairly lifeless. Ahead of the network consolidation, which has seen ETH issuance drop by 98%, many players were calling for a sizeable rally in ETH. Looking at current price action, we can see that ETH actually continued […]

Sweeping unidirectional moves across many asset classes last week saw the most liquid FX market begin to experience liquidity problems and may have triggered a margin call cascade. Early on Monday morning, the pound sterling and the euro struggled to find buyers for several minutes, while the dollar index set a new high (114.50): Dollar […]

Bond and equity markets’ downward rally intensified on Friday amid signs of escalation of the conflict in Ukraine. The two sides of the conflict have moved to raise the stakes, Russia is going to hold referendums in the occupied territories while the EU is going to accelerate for the introduction of a energy price cap […]