Tag: tickmill

The flight from risk assets becomes more apparent on growing concerns about global slowdown and even recession, in particular, markets appear to be pricing in that the US economy will not be able to carry out soft landing (lowering inflation while maintaining positive GDP growth) that the Fed pledged to deliver in spite of aggressive […]

Tesla Shares Lower AgainTesla shares are back under pressure this week. With tech stocks among the hardest hit during the current risk-off action, Elon Musk’s alt-energy and vehicle making company has seen further losses. Tesla shares are now down around 40% from the April highs. However, the big news for Tesla this week is that […]

CIBCKey Headlines US$ kicked off the session bit weak, speculators probably sold $YEN reacted to weak UST yields. EUR$ also traded lower but was linked to EUR¥ cross. One information service provider reported there was decent block buying in the 2-year US note.FX FlowsFirst quarter flash GDP shrank 0.2% and annualised fell 1%. Nikkei Asian […]

Daily Market Outlook, May 18, 2022 Overnight Headlines Fed’s Powell: Will Keep Pushing Until Inflation Comes Down Fed’s Evans: Wants Smaller Rate Hikes By July Or September US To Block Russian Debt Payments, Raising Odds Of Default China Covid-19 Flareup Raise Risk Of More Disruptive Curbs Chinese New Home Prices Fall In First Time Since […]

Type: Bullish BounceKey Levels:Resistance: 237.45Pivot: 222.25Support: 210.00Preferred Case:With price moving above our Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 237.45 in line with the horizontal swing high resistance from our pivot of 222.25 in line with the horizontal pullback support and 61.8% Fibonacci retracement .Alternative […]

Powell Reaffirms Fed HawkishnessFed chairman Powell was back on the wires yesterday. Speaking during a livestreaminterview with Wall Street Journal Powell warned that the Fed stands willing todo whatever necessary to bring inflation down to target. Elaborating further,Powell said: “If that involves moving past broadly understood levels of neutralwe won’t hesitate to do that. We […]

April CPI Hits 9%The latest set of UK economic data released today confirmed CPI hit 40-year highs last month. Headline inflation rose to 9% from the prior month’s 7% while core inflation was seen jumping from 5.7% to 6.2%. With UK prices continue to balloon, there is a growing expectation that the BOE will be […]

Type: Bullish BounceKey Levels:Resistance: 1695’0Pivot: 1672’6Support: 1663’2Preferred Case:With price moving above our Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance in line with the 61.8% Fibonacci projection from our pivot of 1672’6 in line with the horizontal swing low support.Alternative Scenario:Alternatively, price may break pivot structure and […]

Type: Bullish RiseKey Levels:Resistance: 1281’6Pivot: 1240’6Support: 1216’4Preferred Case:With price above the Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 1281’6 in line with the horizontal swing high resistance from our pivot at 1240’6 in line with the horizontal swing low support.Alternative Scenario:Alternatively, price may break pivot […]

GBPAUD On WatchPrice action in GBPAUD is starting to look interesting here to the long side. Following the failed breakdown below 1.7218, with price instead reversing higher from a strong double-bottom formation, the pair is now holding in a tight block of consolidation, capped by the 1.7811 level. The retail long position has shrunk significantly […]