Tag: tickmill

CIBCKey Headlines $YEN took out the crucial level 120.00, printed 120.08, high since Feb 2016. Questions raised if the BoJ will tolerate YEN weakness? Governor Kuroda spoke today, there was no mention of FX. Another question was will $YEN will pullback due to financial year-end. Weak consumer confidence out of New Zealand and Australia were […]

Daily Market Outlook, March 22, 2022 Overnight Headlines RBA: Won’t Respond Until There Is Evidence Of Pervasive Price Pressures Kuroda Renews Powerful Easing Pledge In Wake Of Hawkish Fed Signal Australia Consumer Confidence Plunges As Price Expectations Jump Japanese Yen Moves Through 120 To US Dollar, Weakest In Six Years Ether Outperforms Bitcoin As Excitement […]

Type: Bearish DropKey Levels:Resistance: 1759’2Pivot: 1728’4Support: 1637’4Preferred Case:With price expected to reverse off the stochastics resistance , we have a bearish bias that price will drop to our 1st support at 1637’4 in line with the horizontal swing low support and 100% Fibonacci projection from our pivot at 1728’4 in line with the 61.8% Fibonacci […]

Type:Bearish ReversalKey Levels:Resistance: 121.24Pivot: 115.71Support: 104.43Preferred Case: Prices are on bearish momentum. We see the potential for a further bearish continuation from our Pivot area at 115.71 in line graphical overlap and 61.8% Fibonacci retracement and 127.2% Fibonacci Extension towards our 1st support at 104. 43 in line with 50% Fibonacci retracement. Alternative Scenario:If prices […]

Powell’s speech yesterday definitely impressed investors as the Fed Chair took the opportunity to communicate a possibility of faster rate hikes which was interpreted as the policy bias of the Fed getting more hawkish. Markets were quick to price in 50 bp hike on May as a baseline scenario, the odds of the outcome rose […]

Type: Bullish BounceKey Levels:Resistance: 19.88Pivot: 19.01Support: 18.56Preferred Case:Price is near the pivot level of 19.01 in line with 38.2% Fibonacci retracement and overlap support. We expect price to move towards 1st resistance level of 19.88 in line with 61.8% Fibonacci projection, along with a swing high resistance.Alternative Scenario:Price may break our pivot structure and head […]

Powell Ignites YieldsFed chairman Jerome Powell lit a fire under US yields yesterday with comments made at the National Associations of Business Economics. Powell warned that the Fed is willing to do everything necessary to control inflation and stop it from running riot this year. Powell said that amongst its arsenal, the central bank would […]

Equities Continue To Rebound Amidst Ceasefire HopesBenchmark global equities indices are trading with a better tone this week as risk sentiment continues to rebound. Asset markets are continuing to recover off the initial lows posted in the wake of the news of the Russian invasion of Ukraine. With the conflict still raging, heavy downside risks […]

For those of you tracking the Market Spotlight you’ll know I’ve been looking for GBPJPY to break for pretty much all of the year so far. This week the trade finally came to fruition with the pair blowing through the 157.88 level and now just about to hit the the initial target at 159.98.There is […]

Type: Bearish DipKey Levels:Resistance: 2608Pivot: 2557Support: 2456Preferred Case:We see the potential for bearish dip from our Pivot level at 2557 in line 38.2% Fibonacci retracement towards our 1st Support at 2456 with a swing low support level. Our bearish bias is further supported by price trading below the Ichimoku cloud indicator.Alternative Scenario:If price continues to […]