Tag: tickmill
Daily Market Outlook, September 23, 2022 Overnight Headlines A Day After Fed Raises Rates, Reverse Repos Hit A New Record Biden’s Approval Rating Up But Struggling On Key Issues: NBC Yellen Sees Path For Cooler Prices Without Jump In Jobless Rate EU Rushes To Agree On An Oil Price Cap After Putin’s Threats ECB’s Schnabel: […]
BNY Mellon Hedge Funds Search For Value Over the past week, we met with many long-only and leveraged investors in London and Cape Town. Several highlighted the chaotic nature of markets, with no clear visibility because of central banks’ seemingly open-ended tightening cycles. We sensed meaningful divergence in opinion. Whereas hedge funds are more open […]
What a week. Feels like I’ve been saying this quite a lot recently, but it’s been another action-packed session for financial traders. We’ve seen rate hikes from the Fed, the SNB, Norges Bank and the BOE as well as the first currency intervention from the BOJ in over 30 years. The developments have naturally caused […]
Type: Bullish Rise Key Levels:Resistance : 147.900 Pivot: 144.275 Support : 141.100 Preferred Case:On the H4, with price moving along the ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 144.275 to the 1st resistance at 147.900 where the 127.2% fibonacci extension is. Alternative […]
US PMIs Up Next The next set of US PMI reports for the services and manufacturing sectors are due today and will be closely watched following the downside surprises seen last month. The drop in business activity in July saw the services sector reading falling into contractionary territory at 43.7, this time around the market […]
PMIs Turn Lower Still The latest round of Eurozone PMIs today highlighted worsening economic conditions in the single customs union. Both services and manufacturing sector readings were seen plunging further into contractionary territory last month. The manufacturing PMI was seen falling to 48.5 from 49.6, below forecasts for a 48.7 reading. Services, meanwhile, was seen […]
Type: Bullish Rise Key Levels:Resistance: 1016’7Pivot: 915’5Support: 818’0 Preferred Case:On the H4, with price moving along the ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 915’5, which is in line with the 161.8% fibonacci extension and 50% fibonacci retracement to the 1st resistance […]
Type: Bullish Rise Key Levels:Resistance:710.4Pivot: 699.4Support: 679.25 Preferred Case:On the H4, the price has came back down to test the 1st support at 679.25 and has reflected off it. Price has also went back above the Ichimoku cloud which indicates a bullish bias. Looking for price to continue bullish to hit the first resistance at […]
Type: Bullish Rise Key Levels:Resistance: 3.6405Pivot: 3.5440Support: 3.4385 Preferred Case:On the H4, with price moving along the ascending trendline, we have a bullish bias that price will rise from the pivot at 3.5440, which is in line with the 38.2% fibonacci retracement and 5overlap resistance to the 1st resistance at 3.6405 where the 61.8% fibonacci […]
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 […]