Tag: tickmill

UK Shop Prices Fall British consumers will no doubt be cheering the latest data out of the UK today. The BRC shop price index was seen falling to 2.9% in January, down from 4.3% last month. At this level, shop price inflation is at its lowest point in 18-months. The BRC noted that the decline […]

Daily Market Outlook, January 30, 2024 Munnelly’s Market Minute…“Eurozone Q4 GDP Eyed” Asian markets saw a mixed trading session with the momentum from Wall St’s record highs offset by weakness in China. The Nikkei 225 initially rose after a surprise drop in Japan’s unemployment rate, but later gave up most of its gains. This evening, […]

The price of Brent oil rebounded from the broken downtrend and dropped. As can be seen from the daily timeframe, the price of this asset is moving within a large range. The asset might potentially have to face resistance at the level of 95.00 and head south. So, let’s observe what is going to happen […]

Middle East Tensions Driving Safe-Haven Demand Gold prices are seeing a decent bid across early European trading on Monday. Traders are braced for an important week with the FOCM due on Wednesday. As trading begins, however, focus is on the rising tensions in the Middle East. News of fresh attacks on ships in the Red […]

Oil Tanker Attacked in Red Sea Crude prices are in the spotlight as we start the new week following reports over the weekend of fresh violence in the Middle East. Despite the recent US and UK airstrikes on Houthi rebel sites in Yemen, the group carried out fresh missile attacks against ships in the Red […]

Crypto Rallying on Monday BTC futures are trading in green across the European morning on Monday, extending gains from Friday when the market saw a more than 6% rally. While still down around 13% on the year, the move back above 40345 support is an encouraging development for bulls. The move has been linked to […]

TitleXAUUSD H4 | Bearish reversal TypeBearish Reversal Preference:Gold is trading below the pivot point at 2022.1, the overlap resistance which coincides with the 50% Fibonacci retracement level. Price is likely to reverse to 1st support at 2005.86, an overlap support. Alternative scenario:The price could break out of the pivot point and rise to 1st resistance […]

The EURUSD exhibited an upward trajectory, nearing 1.0880 during the European session on Friday. This surge was attributed to the relatively optimistic remarks from ECB members. Gediminas Simkus, an ECB policymaker, exuded confidence, asserting that March wouldn’t witness a rate cut based on available data. Simkus indicated a higher likelihood of rate cuts later in […]

Red Sea Tensions Underpinning Oil Oil prices are softening a touch ahead of the US open on Friday. However, crude futures are still on course to end the week in the green and are currently trading above the December highs, keeping the focus on further upside near-term. Oil prices have seen fresh upside pressure recently […]

GDP Beats Forecasts The US Dollar is pushing higher on Friday following yet a further set of positive data yesterday. Advance Q4 GDP was seen at 3.3% vs 2% expected. While down from the prior quarter’s 4.9%, the reading was far stronger than expected and shows the US economy is holding up a lot better […]