Tag: tickmill

The price of Bitcoin is heading up. However, the asset will have to face resistance at two levels: 45500 and 49000. The asset’s price might potentially rebound from these levels and drop. Yet it would be wise to follow the candlestick formations to forecast what is about to come next. Should the price of Bitcoin […]

Alphabet Sinks Despite Earnings Beat The harsher nuances of equities trading confronted tech bulls yesterday. Both Alphabet and Microsoft saw their stock prices plunging despite better-than-forecast headline results. Alphabet bore the brunt of the misery with the stock now down around 7% from the YTD highs seen earlier this week. On the numbers front, Alphabet […]

Fed in Focus All eyes today are on the US Dollar as the Fed prepares to deliver its January FOMC decision. While no policy change is expected this time around, traders will be carefully scouting the contents of the statement and post-meeting presser as they look to gauge when the Fed is likely to ease […]

Daily Market Outlook, January 31, 2024 Munnelly’s Market Minute…“Focus Firmly On FOMC” Asian markets were mostly quiet as a result of numerous earnings and important data releases at the end of the month. Initially, the Nikkei 225 declined after disappointing Industrial Production and Retail Sales data, and was also affected by hawkish comments from the […]

The USD Index (DXY) is currently undergoing a consolidative phase, hovering around the 103.50 zone, which aligns with the pivotal 200-day Simple Moving Average (SMA). Despite the recent bullish trend that emerged at the beginning of the new year, there are indications of a potential slowdown, evident as the price endeavors to undergo multiple tests […]

EUR Under Pressure The Euro is seeing fresh selling pressure on Tuesday as traders digest the latest data out of the eurozone. One of the big themes which has developed at the start of 2024 is central bank pushback against rate-cut expectations. The Fed, BOE and ECB have all been active in trying to steer […]

Tech Heavy Hitters to Report US earnings season rolls on and today marks an important day for the tech sector with heavy hitters Alphabet and Microsoft both due to report Q4 results at the market close. Given the sudden AI gold-rush we’ve seen emerge over the last year, these two companies’ results are drawing even […]

Daily Trade Setups GBPAUD CADJPY & AUDJPY To access today’s action analysis click here! Source: Tickmill

The Pound Sterling faced a decline as investor sentiment turned cautious in anticipation of a bustling week. The GBP/USD pair experienced a gradual fall, with all eyes on the forthcoming interest rate decisions from both the Bank of England (BoE) and the Federal Reserve. These decisions, widely expected to maintain rates unchanged for the fourth […]

Daily Market Outlook, January 29, 2024 Munnelly’s Market Minute…“China Winds Up Evergrande, Middle East Tensions Rise” Over the weekend, news emerged that China’s securities regulator would halt the lending of certain stocks for short selling starting today. Initially, this led to a rise in equities across China and Asia. However, optimism quickly faded, and stocks […]