Tag: tickmill
Type: Bearish Drop Key Levels:Resistance: 8.480Pivot: 8.235Support: 7.810 Preferred Case:On the H4, with price moving below the ichimoku cloud and descending trendline, we have a bearish bias that price will drop from the pivot at 8.235 where the previous swing low is to the 1st support at 7.810 where the swing low support is. Alternative […]
BNY Mellon Household Debt Drags G10 Commodity FX One of the most stable groups of positive holdings in iFlow this year has been the G10 commodity currency trio of CAD, NOK and AUD. From initial fears of global stagflation to more recent support from interest-rate hikes, those currencies have understandably been held on an absolute […]
Daily Market Outlook, September 13, 2022 Overnight Headlines US Benchmark CPI Set To Ease, Core Rate Poised For Increase Biden Seeks To Make Economy An Election Asset — If Prices Ease Fed Set For Another 75-Basis-Point Rate Hike; Early Pivot Unlikely Chinese Premier Stresses Policy Implementation To Stabilize Econ Analysts Expect China MLF Rate To […]
US CPI Up Next Today’s US CPI release is drawing a great deal of attention in the run up to the September FOMC meeting. Market pricing has recently swung in favour of a larger .75% hike. However, USD has been trading lower over recent days as increased hawkishness from the ECB and hawkish expectations ahead […]
Equities Rallying As USD Continues to Fall Global equities benchmarks have seen a much stronger start to the week. Extending gains from the backend of last week, the current equities rally is in good health again this week, owing much to the weakness in the US Dollar. With the greenback having pulled away sharply from […]
The dollar retreat eased pressure on oil prices as Brent price flirted with $95/bbl level on Monday. Despite the bounce and momentum that may drive prices higher, there are clear bearish risks for the market. The key among these is China’s “Zero Covid” policy, which has been creating demand shocks, driving up price volatility. The […]
UK Wages Rise As Unemployment Falls The latest UK labour market data released today has further increased expectations of aggressive tightening action from the BOE. The unemployment rate was seen falling back to 3.6% in the three months to July, marking the lowest level of unemployment in the UK in almost 50 years. Additionally, wages […]
Type: Bearish Drop Key Levels:Resistance: 2.5200Pivot: 2.3944Support: 2.2874 Preferred Case:On the H4, with price moving within the descending trendline and below ichimoku cloud, we have a bearish bias that the price may drop from the pivot at 2.3944, where the current price and 38.2% fibonacci retracement are to the 1st support at 2.2874, which is […]
Type: Bullish Breakout Key Levels:Resistance: 25208.52Pivot: 22511.84Support: 20711.10 Preferred Case:On the H4, with price breaking out of a descending channel and moving above the ichimoku indicator, we have a bullish bias that price will rise to pivot at 22511.84 where the pullback resistance, 61.8% fibonacci retracement and 127.2% fibonacci extension are. Once there is upside […]
Equities kicked off the week with a rally and greenback dropped another 1% as investors tend to price in a bearish CPI report. The dollar index briefly fell below 108 points, the lowest level in a month. The flight of investors from the dollar comes despite continuing appreciation of Treasury yields – the yield to […]