Tag: tickmill

Stocks Attempting to Recover Global stock markets are seeing better demand on Thursday with indexes such as the DAX trading back up off their weekly lows. Comments from ECB’S Lagarde yesterday added to bearish sentiment among stock traders, fuelling a push lower in the DAX which traded down to its lowest levels since early December. […]

TitleGBPJPY H4 | Bearish reversal TypeBearish Breakout Preference:The price could rise to the 1st resistance at 188.283 the multi-swing high resistance which is a double top pattern, before pulling back to the pivot point at 186.283, the overlap support. From there it could reverse to the 1st support at 184.043, the pullback support. Alternative scenario: […]

Daily Market Outlook, January 18, 2024 Munnelly’s Market Minute…“ECB Minutes Eyed, Lagarde Speaks Later” Asian markets had mixed trading, with most markets showing negative trends after central bank rate cut expectations were reversed. The Nikkei 225 fluctuated between gains and losses, influenced by recent currency weakness and disappointing machinery orders. Japan is set to release […]

TitlePotential Bullish Breakout TypeBullish Breakout Preference:Price is rising towards the pivot point of 147.588 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement level and could potentially break above this level; we could see momentum carry price up to its 1st resistance at 148.546 which is a pullback resistance level. Alternative scenario:If […]

UK CPI Rises UK stocks have come under heavy selling pressure over early European trading on Wednesday. While the market has been in corrective mode since the late December highs, selling was amplified on Wednesday as traders reacted to the latest UK inflation data. Annualised headline CPI was seen rising back up to 4% last […]

Waller Says Fed Relaxed on Rate Cut Timing The US Dollar continues to make ground across early 2024 trading as Fed members pushback against those calling for imminent rate cuts in the US. Speaking yesterday, Fed’s Waller reiterated comments made by chairman Powell in December noting that, while rate cuts were likely this year, the […]

Daily Market Outlook, January 17, 2024 Munnelly’s Market Minute…“UK Inflation Uptick Sees Sterling Higher” Asian stocks were under pressure due to the recent rise in yields and reduced expectations of Fed rate cuts. The Nikkei 225 initially rose due to a weaker currency but later dropped from three-decade highs as it succumbed to the risk-off […]

TitlePotential Bearish Breakout TypeBearish Breakout Preference:Price is falling towards the pivot point of 1.08619 which is a pullback support level and could potentially break below this level; we could see momentum carry price down to its 1st support at 1.08148 which is a pullback support that aligns with the 78.6% Fibonacci retracement level. Alternative scenario:If […]

Stronger USD Weighing on Copper Copper prices remain under pressure into the middle of the week as a combination of a stronger US Dollar and weaker data out of China weigh on trader sentiment.  With the Fed pushing back against those calling for imminent US rate cuts, USD is seeing decent demand currently. Comments from […]

TitleUSDJPY M15 | Bullish bounce TypeBullish Bounce Preference:Price is falling toward the pivot point of 145.92 which is an overlap support level. A bounce from this level it could lead price to rise to 1st resistance at 146.94 that aligns with the 127.2% Fibo extension. Alternative scenario:If price breaks below the pivot, it might fall […]