Tag: tickmill

SNB Holds Steady The March SNB monetary policy meeting today saw the central bank holding rates unchanged, as expected. In the statement issued alongside the decision, Jordan noted that the bank had “tolerated” a certain level of strengthening in CHF against other currencies, given the better inflationary environment in Switzerland. February CPI came in at […]

Type: BearishKey Levels:Resistance: 14829Pivot: 14642Support: 14270Preferred Case:With price expected to reverse off the stochastics resistance, we have a bearish bias that price will from our Pivot at 14870 in line pullback support and 78.6% Fibonacci retracement towards our 1st support at 14036 in line with the pullback support and 23.6% Fibonacci retreatment.Alternative Scenario:If prices were […]

Type: Bearish ReversalKey Levels:Resistance: 19.89Pivot: 19.57Support: 19.09Preferred Case:Price is approaching our pivot level of 19.57 in line with 138.2% Fibonacci extension and 78.6% Fibonacci retracement. We see the potential for a bearish reversal towards our 1st support level of 19.09 in line with 38.2% Fibonacci retracement. Our bearish bias is further supported by the stochastic […]

Type: Bullish RiseKey Levels:Resistance: 14870Pivot: 14090Support: 13466Preferred Case:With price moving above the Ichimoku cloud, we have a bullish bias that price will from our Pivot at 14090 in line pullback support and 23.6% Fibonacci retracement towards our 1st resistance at 14870 in line with the pullback resistance and 78.6% Fibonacci retracement .Alternative Scenario:If prices were […]

Type: Bearish ReversalKey Levels:Resistance: 746’7Pivot: 729’0Support: 696’2Preferred Case:Price is approaching our pivot level of 729’0 in line with 138.2% Fibonacci extension. We see the potential for a further dip towards our 1st support level of 696’2 in line with 23.6% Fibonacci retracement. Our bearish bias is further supported by the stochastic indicator where price is […]

UK Inflation Hits Fresh 30 Year HighsThe British Pound’s reaction to the latest UK inflation data today serves as an important example of how perspective and context are crucial in gauging market response to economic data. If we look back to the tail end of last year, GBP was rising as UK inflation continued to […]

CADJPY Keeps GoingThe recent CADJPY breakout idea has now hit its second target. Price has made a more than 5% move higher over the last week as risk appetite rebounds. CAD, along with other higher-yielding currencies, has benefitted from better risk sentiment, while JPY has seen a sharp move lower amidst weakened safe-haven inflow. Additionally, […]

Type: Bearish ReversalKey Levels:Resistance: 782’2Pivot: 765’0Support: 730’0Preferred Case:We see the potential for bearish dip from our Pivot level at 765’0 in line 61.8% Fibonacci retracement and 100% Fibonacci projection towards our 1st Support at 730’0 in line with 78.6% Fibonacci projection.Alternative Scenario:If price continues to go up, it can potentially move towards our 1st Resistance […]

Fixed-income markets of advanced economies show signs of recovery after a heavy sell-off on Tuesday. European currencies cede ground against USD after a brief rebound. US 10-year Treasury yield bounced off 2.40% and is moderately down. GBPUSD fall intensified after release of February inflation data, which together with the dovish BoE shift in March hit […]

Buybacks Start TomorrowShares in Japanese vehicle maker Toyota are trading higher today on news that the company will buy back around $826 million worth of shares this week. With shares in Toyota still sitting more than 10% down off the recent highs, the carmakers has said that it plans to be “more flexible” than ever […]