Tag: tickmill

Hawkish Details EmergeThe Australian Dollar is trading higher today following the release of the April RBA meeting overnight. The minutes confirmed a hawkish shift in the bank’s outlook with the bank noting that the recent lift in inflation and wage growth “have brought forward the likely timing of the first increase in interest rates”. This […]

We had a great short trade on GBPCAD earlier in the year, playing the double top and channel break, and conditions look to be lining up for a fresh short. GBPCAD has recently settled into a block of consolidation following the breakdown below the 1.6551 level. With that area acting as resistance now, the market […]

Type: Bearish MomentumKey Levels:Resistance: 814’4Pivot: 807’4Support: 795’4Preferred Case:We see the potential for a bearish dip from our pivot level at 807’4 in line with 38.2% Fibonacci retracement towards our 1st support level at 795’4 in line with 50% Fibonacci retracement, 61.8% Fibonacci projection and -27.2% Fibonacci expansion.Alternative Scenario:Alternatively, price might break our pivot structure and […]

Type: Bearish ReversalKey Levels:Resistance: 2645Pivot: 2607Support: 2557Preferred Case: We see the potential for a bearish reversal from our pivot level at 2607 which is in line with 38.2% Fibonacci retracement and 100% Fibonacci projection towards our 1st support level at 2557 which is in line with 100% Fibonacci projection along with a graphical swing low […]

Type: Bearish MomentumKey Levels:Resistance: 2418.5Pivot: 2377.0Support: 2305.0Preferred Case:We see the potential for a bearish continuation from our pivot level at 2377.0 along with horizontal overlap resistance towards our 1st support level at 2305.0 in line with 161.8% Fibonacci extension, 78.6% Fibonacci projection and -27.2% Fibonacci expansion.Alternative Scenario:Alternatively, price might break our pivot structure and head […]

US 10Y Treasury yield bounced off the key 3% area, dragging down greenback and initiating a chain of pullbacks in other assets that have demonstrated exuberant moves recently. DXY fell 0.6%, the sell-off started from the “round” 101 level as bidding eased on concerns of extreme USD valuation (2-year high), Gold pulled back from the […]

Netflix -25% Pre-MarketShares in US streaming giant Netflix are trading down by around 25% ahead of the US open today. Sentiment turned heavily bearish for Netflix in response to its Q1 earnings release yesterday which saw the platform reporting its first net-loss in subscribers for a decade. Netflix had offered guidance for subscriber growth of […]

CIBCFX Flows$YEN pushed above 127.00, a level that held well over the North American session, it may have been a small barrier option. Move up was believed to be caused by Fed Res Bullard’s remark that we shouldn’t rule out rate increases of 75 bps. Bullard is a voter this year and considered the most […]

Daily Market Outlook, April 19, 2022 Overnight Headlines Russia Unleashes Offensive On Ukraine, Ushering In New Phase Fed’s Bullard: A 75 Basis-Point Hike Could Be Option If Needed Yellen To Attend G-20 Sessions As US Retreats On Boycott Idea Goldman Sachs Sees US Recession Odds At 35% In Next 2 Years Macron’s Lead Over Le […]

NZDCAD Selling OffThe NZDCAD breakdown through .8553 has hit its first target at .8475. With oil prices rallying again recently, CAD has seen better demand. This has also come amidst recent hawkishness from the BOC, which raised rate by .5% last week, creating a strong backdrop for a higher Canadian Dollar. With both MACD and […]