Tag: tickmill
BNY Mellon The Message Gets Through, Finally The FOMC last week finally broke the spell markets had been under, leaving them now spooked by the prospect of the ‘pain’ that Chair Powell has warned is the price of the Fed’s anti-inflation push. Adding to the disquiet, Japan’s intervention to support the yen was predictably ineffective […]
The price of Bitcoin keeps moving along the supporting level of 19000 without breaking it down. Bitcoin is likely to pull back from the level of 19000 and target the level of 22000 next. The price of the currency pair EUR/USD broke the support at the level of 0.9865 and dropped. This asset should get […]
Surging US Dollar Puts Pressure on Metals It’s been a tricky start to the week for the metals market. Gold prices were seen breaking down to new lows for the year across the European morning on Monday. However, this move was then seen reversing with price trading back up to roughly flat on the day, […]
Daily Market Outlook, September 26, 2022 Overnight Headlines UK Pound Plunges To All-Time Low As Fiscal Plan Spurs Exodus Fed’s Bostic: US Could Have A ‘Relatively Orderly’ Slowdown Blinken: China Acting Ever More Aggressively Toward Taiwan Wall Street Banks Prep For Grim China Scenarios Over Taiwan German Ifo Set For Further Decline As Recession Fears […]
BOJ Cites Need For Continued Easing The governor of the Bank of Japan, Haruhiko Kuroda, today defended the BOJ’s intervention in FX markets last week. The BOJ was seen selling massive amounts of USD in its first such operations since 1998, in a bid to counter further depreciation of the Yen. Kuroda cited the need […]
Markets React Negatively to UK Government Mini-Budget The British Pound has seen it’s most volatile trading period since the start of the pandemic with GBPUSD crashing almost 10% lower, falling to its lowest level on record. We’ve seen similar scale moves across the board with EURGBP and GBPJPY both seeing wild moves also, the latter […]
Type: Bearish Drop Key Levels:Resistance:8.440Pivot:7.630Support:7.035 Preferred Case:On the H4, the overall trend is still descending and respecting the ichimoku indicator hence we are bearish bias. The price is forming a shoulder head pattern hence price might drop from the pivot at 7.630, which is in line with the 50% fibonacci retracement and the neckline of […]
Type: Bearish Momentum Key Levels:Resistance: 698.50Pivot: 667.50Support: 679.25 Preferred Case: Price has reflected off the first support level at 698.50 on the H4 and appears to be descending again to test it. watch for the price to cross the first support level and go toward the pivot at 667.50, which is where the previous swing […]
Type: Bearish Drop Key Levels:Resistance: 30680Pivot: 30045 Support: 39625 Preferred Case:On the H4, the overall trend is still descending and respecting the ichimoku indicator hence we are bearish bias. The price may drop form the pivot at 30045, which is in line with the 141.4% fibonacci extension and 78.6% fibonacci projection to the 1st support […]
Type:Bullish rise Key Levels:Resistance : 1581’4Pivot: 1483’4Support : 1377’2 Preferred Case:On the H4, with price moving along the ascending channel , we have a bullish bias that price will rise from the pivot at 1483’4, which is in line with the 38.2% fibonacci retracement to the 1st resistance at 1581’4 where the 61.8% fibonacci retracement […]