Tag: tickmill
RBNZ Hikes by .5% We’ve seen plenty of volatility in the New Zealand Dollar over the last 12 hours, following the RBNZ April meeting. The bank took the bull by the horns and announced a .5% rate hike, taking rates back up to 1.5%, in a bid to combat ballooning inflation. While the market was […]
CIBCFX FlowsFed Barkin spoke but it wasn’t him that moved the US$, UST yields climbed, 10-year rose above 2.74% and that encouraged US$ buyers. Witness $YEN demand for the fix got the pair to 125.645. For the rest of the morning $YEN did little and clung on to the top of the morning’s range.The RBNZ […]
BOC Up Next The big focus over today’s US session will the BOC April rates meeting. Following a firmly hawkish shift by the Fed, and a larger-than-expected hike from the RBNZ, the market is now braced for further fireworks today. In light of firmly hawkish signals from the BOC, solid employment and rising inflation, the […]
UK Inflation Soars AgainThe British Pound has been well bid today following the latest set of inflation figures from the ONS this morning. UK headline CPI was seen surging higher to 7%, year on year, in March. This was a stark jump from the prior month’s 6.2% reading and was well above the 6.7% the […]
Type: Bearish ReversalKey Levels:Resistance: 2461.5Pivot: 2396.0Support: 2303.0Preferred Case:We see the potential for a bearish dip from our pivot at 2396.0 in line with 78.6% Fibonacci projection towards our 1st support at 2303.0 in line with 61.8% Fibonacci retracement, 100% Fibonacci projection and 161.8% Fibonacci extension. Our bearish bias is supported by price trading under Ichimoku […]
US inflation report for March released on Tuesday stirred debates about inflation peaking (core inflation 6.5% vs. 6.6% forecast, used car prices -3.8%), but the bearish impact on the USD was short-lived – Fed hawk Brainard came to the rescue with comments about interest rate and QT, which fueled rally of Treasury yields. According to […]
Type: Bearish ReversalKey Levels:Resistance: 20.69Pivot: 20.41Support: 19.86Preferred Case:We see the potential for a bearish dip from our pivot at 20.41 in line with 138.2% Fibonacci extension towards our 1st support at 19.86 in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection. Our bearish bias is supported by stochastic indicator where price is trading near […]
Type: Bullish BounceKey Levels:Resistance: 4.7535Pivot: 4.6945Support: 4.6700Preferred Case:We see the potential for a bounce from our pivot at 4.6945 in line with 50% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st resistance at 4.7535 in line with 138.2% Fibonacci extension. Our bullish bias is supported by price trading above the Ichimoku cloud indicator.Alternative Scenario: […]
Type: Bearish ReversalKey Levels:Resistance: 778’0Pivot: 772’6Support: 762’0Preferred Case:We see the potential for a bearish reversal from our pivot at 772’6 in line with 61.8% Fibonacci retracement towards our 1st support at 762’0 in line with 78.6% Fibonacci retracement and 100% Fibonacci projection. Our bearish bias is supported by the stochastic indicator where price is trading […]
Type: Bullish BounceKey Levels:Resistance: 1975.4Pivot: 1952.8Support: 1943.0Preferred Case:Prices are on bullish continuation. We see the potential for further bullish continuation from our Pivot at 1952.8 in line graphical overlap and 38.2% Fibonacci retracement towards our 1st resistance at 1975.4 in line with 61.8% Fibonacci Projection . Prices trading above our Ichimoku cloud support.Alternative Scenario:If prices […]